1980-12-17 Regular Meeting - Laserfiche WebLink

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- ---', -" -- -".--.- ---------- -..---- e e OFFICIAL BID FORM e Honorable Mayor and City Councll City of La Porte La Porte, Texas Gentlemen: This bid is submitted under the terms and conditions of your "Official Notice of Sale""dated December 3, 1980 of $800,000 City of La Porte, Texas, Certificates of Obligation, Series 1980, terms and conditions of which "Official Notice of Sale" are made a part hereof. For your legally issued $800,000 of Certificates, 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 Certificates bearing interest as follows: Certificates Maturing 1982 through 19 91 7.75 , 19 through 19 , 19 through 19 , 19 through 19 , 19 through 19 , 19_through 19 , Interest cost, in accordance with the above bid, is: Gross Interest Cost $ 356,500.00 Less Premium $ -0- NET INTEREST COST $ 356.500.00 e EFFECTIVE INTEREST RATE $ 7.75 Attached hereto or submitted separately is Bank Certified or Bank Cashier's Check of the Bayshore Nation"'" R1.n'k nL.l,"" PnLt-<> , in the amount of $16,000 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 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 Certificates of Obligation. Respectfully submitted. Bayshore National Bank & First City Bank of La-Porte ... By ~)~!'J P . ('cS' . . ~ j/ Jo E. Courville, ~e Chairman ~ Batshore National Bank ACCEPT ANCE LAUSE . The above and foregoing bid is hereby in all things accepted by the City of La Porte, Texas. this the J7J'~day of ----Jf2u. ' . 1980. ~~16JaiA4/ ~~~~T"Q /-./ r1 Secretary . -4-