1980-07-30 Special Called Meeting

Browse Search

• OFFICIAL BID FORM ~' Honorable Mayor and City Council City of La Porte La Porte, Texas Gentlemen: 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 and 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 $ ~-- p for bonds bearing interest as follows: Bonds Maturing 1981 through 198.2 7.80 ~ 19~through 199 19~att3~_ 19~ through 199`T 19,~tl~ex~9_ 19~ ~. 5a ~ 7S ~ 8 ~ 8.av ~ 7 ~ Interest cost, in accordance with the above bid, is: Grose Interest Cost ~~~ ~'.~, t-~o Less Premium --- o NET INTEREST COST ~D , !ri 7S. c~ EFFECTIVE INTEREST RATE ,~ 7~.~.33 °6 ~~~~$~~~fiubmitted separately is Bank Certified or Bank Cashier's Check of the City National Banker A» Gt i n ~ T,r , in the amount of $77,000 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, Austin, Texas~x) The Capital National Bank, Austin, Texas ( ). Check preference. We have read in detail the "Official Notice of Sale" and the "Officlal 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, Underwood, Neuhaus & Co., Inc. (SEE ATTACHED i.iSm 1•nR A~~nrrnTT ACCEPTANCE CL usE Walter Schleyer The above and foregoing bid is hereby in all things accepted by the City of La Porte, Texas, this the day of 1980. • ATTEST: Secretary Mayor, City of La Porte, Texas (See Bond Years on Reverse Side)