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<br /># ~f II~TtITES - SPECIAL AAEET I~
<br />LA PORTS CITY COMMISSION -MARCH 4, l9l~$
<br />-•~ ~ 10:00 A. M.
<br />Special meeting of the City Commission was called to order by Mayor Pfeiffer,
<br />with the following members and City officials present: Ca:rumissiem.ers Jas. S.
<br />Crate, Jr. and James E. Stewart, City Attorney Jno. S.Kiibler, and City Clerk
<br />J. E. Muldoon.
<br />A group of bond people were present to~bid on the water and sewer Revenue Bonds.
<br />They handed the Mayor their bids. The Mayor opened and read the bids as follows:
<br />B. V. Christie et al - Bid - Par Value plus a premium of X250.00, said bonds
<br />to bear interest at the following rate:
<br />All bonds maturing 19Z~9 to 1958, inclusive, aggregating X5$,000.00
<br />to bear interest at the rate of 3~ per annum.
<br />All bonds maturing 1959 to 1977, inclusive, aggregating X192,000.00
<br />to bear interest at the rate of -I~.~ per annum.
<br />J. R. Phillips Investment Co. et al - Bid - Par Value thereof and accrued
<br />interest from their date to date of delivery plus a premium of ~38.1.~0, said
<br />bonds to bear interest at the following rate:
<br />All bonds maturing 19I~9 t o 1963, inclusive, aggregating X96,000.00
<br />to bear 3.nterest at the rate of 3~ per annum.
<br />Ali. bonds maturing 196t~ to 1977, inclusive, aggregating X154,000.00
<br />t o bear interest at the rate of °o per annum.
<br />Barons, Kindred & Co. - Bid - Par Value thercof less a fee payable to us of
<br />X3750.00, at the following rate:
<br />All bonds maturing 1949 to 1977, inclusive, aggregating X250,000.00 to
<br />bear interest at the late of 3-3/1~ per annum.
<br />Nat interest a ost from March 15, 191x.8 to final maturity, plus fee,
<br />~16s,9oo.00.
<br />Barcus, Kindred & Co. - Alternate Bid - Par Value thereof and accrued in-
<br />terest from their date to date of delivery plus a premium of NONE.
<br />A11 bonds maturing 1949 to 1963, inclusive, aggregating X96,000.00
<br />to bear interest at the r ate of 4~ per ann~a.
<br />A11 bonds maturing 1964 t o 1977, inclusive, aggregating X148,000.00
<br />to bear interest at rate of 3-3/1.~ per annum. Net interest cost
<br />from Maroh 15, 1948, to final maturity, less cash premium, X169,330.00.
<br />First of Texas Corporation, et al - Bid - Par Value thereof and scorned in-
<br />terest from their date of delivery plus a premium of X175.00, said bonds to bear
<br />interest at the following rate:
<br />All bands maturing 1949 to 1963, inclusive, aggregating X96,000.00
<br />to bear interest at the rate of 4~ -per annum.
<br />All bonds maturing 1964 to 1877, inclusive, aggregating ~154,OOO.oO
<br />to bear interest at the rate of 3 3/~ per annum. Net interest cost
<br />from March 15, 194$ to final maturity, less sash premium, X167,065.00.
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