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• <br />n <br />LJ <br />Regular Meeting 6/6/79 <br />7 <br />14. ACCEPT BIDS FOR $1,400,000.00 GENERAL OBLIGATION BONDS, <br />SERIES 1979 - Mayor Meza asked if there was anyone wishing <br />to submit additional bids on the bond sale. There was no <br />one else. At 7:30 P.M., Mayor Meza declared the bidding closed. <br />David Fetzer, fiscal agent, was recognized to open the bids. <br />Mr. Fetzer stated that all bids would be on the standard bid <br />form and he would read only the pertinent numbers. The following <br />bids were opened and read aloud: <br />TABULATION OF BIDS <br />$1,400,000 <br />CITY OF LA PORTE, TEXAS <br />(Harris County) <br />GENERAL OBLIGATION BONDS, SERIES 1979 <br />Bidder <br />1. First City National Bank of <br />Houston <br />r: <br />2. Underwood,Neuhaus & Co.,Inc. <br />Mgr. <br />Fort Worth National Bank <br />Rotan Mosle, Inc. <br />3. Capital National Bank,Houston <br />Mgr. <br />Paine Webber Jackson & <br />Curtis, Inc. <br />Shearson Hayden Stone, Inc. <br />4. Fred Baker & Assoc,Inc. <br />Mgr. <br />First National Bank of Fort <br />Worth <br />• <br />Maturities Coupons Interest Cost <br />1982-1983 <br />1984-1991 <br />1992-1992 <br />1993-1993 <br />1994-1994 <br />1995-1995 <br />6.40 <br />5.20 <br />5.30 <br />5.35 <br />5.40$ <br />5.45$ <br />GIC $691,425.00 <br />Prem -0- <br />NIC $691,425.00 <br />1982 <br />1983 <br />1984 <br />1985-1988 <br />1989-1992 <br />1993-1995 <br />1982-1984 <br />1985-1991 <br />1992 <br />1993 <br />1994 <br />1995 <br />1982-1983 <br />1984-1988 <br />1989-1990 <br />1991-1992 <br />1993-1994 <br />1995 <br />6.75 <br />7.20$ <br />5.50$ <br />5.20 <br />5.258 <br />5.40 <br />5.75$ <br />5.30$ <br />5.35 <br />5.40 <br />5.45 <br />5.50 <br />7.20$ <br />5.20$ <br />5.25 <br />5.30 <br />5.40 <br />5.50 <br />GIC $697,687.50 <br />Prem -0- <br />NIC $697,687.50 <br />GIC $698,787.50 <br />Prem -0- <br />NIC $698,787.50 <br />GIC $700,300.00 <br />Prem -0- <br />NIC $700,300.00 <br />Net <br />Effective <br />Rate <br />5.339189 <br />5.387548 <br />5.396042 <br />5.407722 <br /> <br />