1980-07-30 Special Called Meeting

Browse Search

• Honorable Mayor and City Council City of La Porte La Porte, Texas Gentlemen: • OFFICIAL BID FORM This bid is submitted under the terms and conditions of your "Official Notice of Sale" dated July 2,1980, of $3, 850, 000 City of La Porte, Texas, General Obligation and Refunding Bonds, Series 1980, terms sad condi- tions of which "Official Notice of Sale" are made a part hereof. For your legally issued $3, 850, 000 of Bonds, as described in said "Official Notice of Sale," we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $ -0- for bonds bearing interest as follows: Bonds Maturing 1981 through 1984 19 8t~rough 19__88 1989through 19 93 1994through 19 95 1996through 19 97 1998through 19 99 Interest cost, in accordance with the above bid, is: Gross Interest Cost Less Premium NET INTEREST COST 8.50 ~ 7.50 ~O 7.00 qy 7.50 ~ 8.00 ~ 8.25 % 3,091,875.00 0- 3,091,875.00 EFFECTIVE INTEREST RATE 7.7104 ~ Attached hereto or submitted separately is Bank Certified or Bank Cashier's Check of the City National nk Austi n , in the amount of $7,000 which represents our Good Faith Deposit and which is submitted in accordance with the terms as set forth in the "Official Notice of Sale." We request that bonds be delivered at the City National Bank, Auatia, Texas (X) The Capital National Bank, Austin, Terms ( ). Check preference. We have read in detail the "Official Notice of Sale" and the "Official Statement" and we have made such in- vestigations as we deem necessary relating to the City and to the investment quality of These Bonds. Respectfully Submitted, First City National Bank of Houston, Jt. Mir. E. F. Hutton P~ Company Inc. Jt. Mir. A7-lied_Bank of Texas. Jt. Mir. B aniel Gon alez, nvestment Officer ACCEPTANCE CLAUSE e a ve and f ing 'd i$ hereby in all things accepted by the City of La Porte, Texas, this the day of 1980. ATTE ~~~ ~~ Secretary Mayor, City of La Por , Texaa (See Boad Years on Reverse Side)