HomeMy WebLinkAbout08278 ORD - 12/15/1966T7 HE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
On this the 15th day of December, 1966, the City_
Council of the City of Corpus Christi, Texas, convened in
Special Meeting,,with the following members of said Council
present, to -wit:
Dr. McIver Furman Mayor
Jack R. Blackmon
W. H. Wallace, Jr.
Patrick J. Dunne
Commissioners
Dr. P. Jimenez, Jr.
Ken McDaniel
Ronnie Sizemore
T. Ray Kring City Secretary
with the following absent: < -- . -LF�
constituting a quorum, at
which time the following among other business was transacted:
Mr. ` /i.', presented for the consideration
of the Council an ordin�fice. The ordinance was read by the
City Secretary. The Mayor presented to the Council a communica-
tion in writing pertaining to said proposed ordinance, as
follows:
"Corpus Christi, Texas
December 15, 1966
"TO THE CITY COUNCIL
CORPUS CHRISTI, TEXAS
Gentlemen:
The public importance and pressing need for the
permanent improvements to be constructed by use of
the proceeds of the bonds voted at elections held on
January 28, 1961and June 27, 1964, create an emergency
and an imperative public necessity requiring the suspen-
sion of rules and Charter provisions requiring ordinances
to be considered and voted upon at three regular meetings.
I, therefore request that the City Council pass the
proposed ordinance authorizing the issuance of
$2,700,000 General Improvement Bonds as an emergency.
You will please consider this request in connection
with the ordinance which has been introduced in the
City Council on this subject.
"Yours very truly,
Isl McIver Furman,
Mayor."
Commissioner �,��,' . v,4,- ,,- ,L11oved that the Charter
provision prohibiting ordinances from being passed finally
on the date introduced be suspended for the reasons stated in
the written request of the Mayor and stated in the emergency
clause of the ordinance. The motion was seconded by Commissioner
i
a
C The motion was carried by a unanimous vote by
the City Council, viz:
AYES: Commissioners Blackmon, Wallace, Dunne,
Jimenez, McDaniel and Sizemore.
NOES: None.
The Mayor requested that, the records show that he
voted Aye. This was d� e.
Commissioner that the ordinance be
paw ed finally. The motion was seconded by Commissioner
c.% )_, The motion was carried by the following vote:
AYES: Commissioners Blackmon, Wallace, Dunne,
Jimenez, McDaniel and Sizemore.
NOES: None.
The Mayor requested that the records show that he
voted Aye. This was done.
The Mayor announced that the ordinance had been passed.
The ordinance is as follows:
ORDINANCE NO.
BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS, PROVIDING FOR THE ISSUANCE
OF $2,700,000 CITY OF CORPUS CHRISTI, TEXAS,
GENERAL IMPROVEMENT BONDS, SERIES 1966 -A,
BEARING INTEREST AT THE RATES HEREINAFTER
SET FORTH, AND PROVIDING FOR THE LEVY,
ASSESSMENT AND COLLECTION OF A TAX SUFFICIENT
TO PAY THE INTEREST ON SAID BONDS AND TO
CREATE A SINKING FUND FOR THE REDEMPTION THERE-
OF AT MATURITY; REPEALING ALL ORDINANCES IN
CONFLICT HEREWITH AND DECLARING AN EMERGENCY.
WHEREAS, it is deemed advisable and to the best
interest of the City that various purpose bonds authorized
at elections heretofore held in said City be combined in a
single issue and sold at this time, the dates of election,
amount of bonds authorized thereat, purpose, amount of bonds
previously sold and the amount now to be sold being as
follows:
DATE OF AMOUNT AMOUNT PRE - AMT NOW
ELECTION AUTHORIZED PURPOSE VIOUSLY SOLD OFFERED
South Staples and
1/28/61 $3,305,000 OSO Improvement $2,405,000 $700,000
6/27/64 500,000 Police Bldg. 50,000 400,000
6/27/64 200,000 Fire Station -0- 100,000
6/27/64 800,000 Park Improvement 650,000 150,000
6/27/64 1,360,000 Storm Sewer 1,020,000 340,000
6/27/64 1,960,000 Street Improvement 570,000 1,010,000
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS
CHRISTI, TEXAS:
1. That said City's coupon bonds to be designated the
"City of Corpus Christi, Texas, General Improvement Bonds, Series
1966 -A," are hereby authorized to be issued and delivered in
accordance with the Constitution and laws of the State of Texas
in the principal amount of $2,700,000 for the following purposes,
to -wit: $700,000 for the purpose of constructing a sewer relief
line in the South Staples Street area, providing funds for
rehabilitating and expanding Oso sewer plant and other general
sewer system improvements; $400,000 for the purpose of providing
funds for permanent public improvements, to -wit: improvements
to the police building; $100,000 for the purpose of providing
funds for permanent public improvements, to -wit: the construc-
tion of two fire stations; $150,000 for the purpose of purchas-
ing and /or improving lands for park purposes at the following
parks, to -wit: West Guth, Meadow, Oso, Elgin, Nueces River,
Schanen, Malibu, Poenisch, Lamar, Meadowbrook and Cullen;
$340,000 for the purpose of constructing of drainage improvements
in said City; and $1,010,000 for the purpose of improving the
streets of the City.
2. That said bonds shall be dated December 1, 1966,
shall be numbered consecutively from 1 through 540, shall be in
the denomination of $5,000 each, and shall mature and become due
and payable serially on December 1 in each of the years, and in
the amounts, respectively, as set forth in the following
schedule:
YEAR AMOUNT YEAR AMOUNT
1967 $135,000 1977 $135,000
1968 135,000 1978 135,000
1969 135,000 1979 135,000
1970 135,000 1980 135,000
1971 135,000 1981 135,000
1972 135,000 1982 135,000
1973 135,000 1983 135,000
1974 135,000 1984 135,000
1975 135,000 1985 135,000
1976 135,000 1986 135,000
3. That as to said bonds scheduled to mature on and
after December 1, 1974, said City shall have the right and
option to redeem such bonds prior to their scheduled maturities,
in whole, or in part, in inverse numerical order, on December 1,
1973, or on any interest payment date thereafter, for the princi-
pal amount thereof plus accrued interest to the date fixed for
redemption, plus a premium of 2 I., such premium to be reduced
on December 1, 1974 to 2 %, with a further reduction of 1/2 of
1% on December 1 of each year through December 1, 1978. There
shall be no premium on such bonds which may be redeemed
December 1, 1978, or on any interest payment date thereafter.
• i
At least thirty days before the date fixed for any
such redemption, the City shall cause a written notice of such
redemption to be published at least once in a financial publica-
tion printed in the City of New York, New York. By the date
fixed for any such redemption, due provision shall be made with
the paying agents for the payment of the principal amount of
the bonds to be so redeemed, plus accrued interest thereon to
the date fixed for redemption and any premium as required
above. If the written notice of redemption is published, and
if due provision for payment is made, all as provided above,
the bonds, which are to be so redeemed, thereby automatically
shall be redeemed prior to maturity, and they shall not bear
interest after the date fixed for redemption, and shall not
be regarded as being ou6standing except for the purpose of
receiving the funds so provided for such payment.
4. That said bonds shall bear interest from their
date, until maturity or redemption, at the following rates:
all bonds scheduled to mature during
the years 19e".� through 19 ;%c - - - 1 % per annum;
all bonds scheduled to mature during
i
the years 19 24 through 19_ - -- / .(''% per annum;
all bonds scheduled to mature during
the years 191 through 19 - -- ✓% per annum;
all bonds scheduled to mature during
the years 19_ through 19! - -- % per annum;
all bonds scheduled to mature during
the years 19_ through 19_ - -- % per annum;
with said interest to be evidenced by interest coupons payable
on June 1, 1967, and semi - annually thereafter on each December 1
and June 1.
5. That the principal of and interest on said bonds
shall be payable to bearer, in lawful money of the United States
• i
of America, without exchange or collection charges to the
bearer, upon presentation and surrender of proper bond or
interest coupon, at Corpus Christi State National Bank,
Corpus Christi, Texas, or, at the option of the bearer, at The
Chase Manhattan Bank (National Association), New York, New York,
which places shall be the paying agents for said bonds.
6. That each of said bonds and interest coupons
shall be signed by the imprinted ox- lithographed facsimile
signature of the Mayor of said City and countersigned by the
imprinted or lithographed facsimile signature of the City
Secretary of said City, and the official seal of said City
shall be impressed, or printed, or' lithographed on each of
said bonds.
7. That the form of said bonds, including the form
of Registration Certificate of the Comptroller of Public
Accounts of the State of Texas to be printed and endorsed
on each bond, and the form of the interest coupons to be
attached to said bonds, shall be, respectively, substantially
as follows:
NO.
(FORM OF BOND)
UNITED STATES OF AMERICA
STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI, TEXAS,
GENERAL IMPROVEMENT BOND
SERIES 1966 -A
$5,000
On December 1, 19_, the City of Corpus Christi, in
the County of Nueces, State of Texas, promises to pay to bearer
the principal amount of
FIVE THOUSAND DOLLARS
and to pay interest thereon, from the date hereof, at the rate
of % per annum, evidenced by interest coupons payable
June 1, 1967, and semi - annually thereafter on each December 1
and June 1 while this bond is outstanding. The principal of
this bond and the interest coupons attached hereto shall be
payable to bearer, in lawful money of the United States of
America, without exchange or collection charges to the bearer,
upon presentation and surrender of this bond or proper interest
coupon, at the Corpus Christi State National Bank, Corpus
Christi, Texas, or, at the option of the bearer, at The Chase
Manhattan Bank (National Association), New York, New York,
which places shall be the paying agents for this Series of
bonds.
This bond is one of a Series of coupon bonds dated
December 1, 1966, issued in the principal amount of $2,700,000
for the following purposes, to -wit: $700,000 for the purpose
of constructing a sewer relief line in the South Staples Street
area, providing funds for rehabilitating and expanding Oso sewer
plant and other general sewer system improvements; $400,000 for
the purpose of providing funds for permanent public improvements,
to -wit: improvements to the police building; $100,000 for the
purpose of providing funds for permanent public improvements,
to -wit: the construction of two fire stations; $150,000 for the
purpose of purchasing and /or improving lands for park purposes
at the following parks, to -wit: West Guth, Meadow, Oso, Elgin,
Nueces River, Schanen, Mailbu, Poenisch, Lamar, Meadowbrook
and Cullen; $340,000 for the purpose of constructing of
drainage improvements in said City; and $1,010,000 for the
purpose of improving the streets of the City.
The bonds of this Series scheduled to mature on and
after December 1, 1974, may be redeemed prior to their scheduled
maturities, in whole, or in part in inverse numerical order, at
the option of said City, on December 1, 1973, or on any interest
payment date thereafter, for the principal amount thereof plus
accrued interest to the date fixed for redemption, plus a premium
of 2'%, such premium to be reduced on December 1, 1974 to 2 %,
with a further reduction of 1/2 of Won December 1 of each
year through December 1, 1978. There shall be no premium on
such bonds which may be redeemed December 1, 1978, or on any
interest payment date thereafter. At least thirty days before
the date fixed for any such redemption the City shall cause a
written notice of such redemption to be published at least
once in a financial publication printed in the City of New
York, New York. By the date fixed for any such redemption, due
provision shall be made with the paying agents for the payment
of the principal amount of the bonds to be redeemed, plus
accrued interest thereon to the date fixed for redemption, and
any premium as required above. If the written notice of re-
demption is published, and if due provision for such payment
is made, all as provided above, the bonds, which are to be
so redeemed, thereby automatically shall be redeemed prior
to maturity, and they shall not bear interest after the date
fixed for redemption, and shall not be regarded as being
outstanding except for the purpose of receiving the funds
so provided for such payment.
It is hereby certified and recited that this bond
has been duly and validly voted, authorized, issued, and
delivered in accordance with the Constitution and laws of
the State of Texas; that this bond is a general obligation
of said City, issued on the full faith and credit thereof;
and that the ad valorem taxes, upon. all taxable property in
said City, necessary to pay the interest on and principal of
this bond, as such interest comes due, and such principal
matures, have been pledged irrevocably for such purpose,
within the limit prescribed by law.
In witness whereof, this bond and the interest
coupons attached hereto have been signed by the imprinted or
lithographed facsimile signature of the Mayor of said City
and countersigned by the imprinted or :Lithographed facsimile
signature of the City Secretary of said City, and the official
seal of said City has been duly impressed, or printed, or
lithographed on this bond.
City Secretary, City of Mayor, City of Corpus Christi,
Corpus Christi, Texas Texas
(FORM OF REGISTRATION CERTIFICATE)
COMPTROLLER'S REGISTRATION CERTIFICATE: REGISTER NO,
I hereby certify that this bond has been examined,
certified as to validity, and approved by the Attorney General
of the State of Texas; and that this bond has been registered
by the Comptroller of Public Accounts of the State of Texas.
Witness my signature and seal this
Comptroller of Public Accounts of
the State of Texas
(FORM OF INTEREST COUPON)
NO. $
On 19_, the City of Corpus Christi, in
the County of Nueces, State of Texas, promises to pay to bearer,
unless due provisioft has been made for the redemption prior to
maturity of the bond to which this interest coupon is attached,
the amount of Dollars in lawful money of the
United States of America, without exchange or collection charges
to the bearer, upon presentation and surrender of this interest
coupon, at the Corpus Christi State National Bank, Corpus
Christi, Texas, or, at the option of the bearer, at The Chase
Manhattan Bank (National Association), New York, New York,
said amount being interest due that day on the bond, bearing
the number hereinafter designated, of that issue of City of
Corpus Christi, Texas, General Improvement Bonds, Series 1966 -A,
dated December 1, 1966. Bond No.
City Secretary Mayor
8. That a special fund or account, to be designated
the "City of Corpus Christi, Texas, General Improvement Bonds,
Series 1966 -A, Interest and Sinking Fund" is hereby created
and shall be established and maintained by said City at its
official depository bank. Said Interest and Sinking Fund shall
be kept separate and apart from all other funds and accounts of
said City, and shall be used only for paying the interest on
and principal of said bonds. All taxes levied and collected for
and on account of said bonds shall. be deposited, as collected,
to the credit of said Interest and Sinking; Fund. During each
year while any of said bonds or interest coupons appertaining
thereto are outstanding and unpaid, the City Council of said
City shall compute and ascertain the rate and amount of ad
valorem tax, based on the latest approved tax rolls of said
City, with full allowances being made for tax delinquencies
and costs of tax collections, which will be sufficient to
raise and produce the money required to pay the interest on
said bonds as such interest comes due, and to provide a sinking
fund to pay the principal of such bonds as such principal
matures, but never less than 2% of the original principal amount
of said bonds as a sinking fund each year. Said rate and
amount of ad valorem tax is hereby ordered to be levied and
is hereby levied against all taxable property in said City
for each year while any of said bonds or interest coupons
appertaining thereto are outstanding and unpaid, and said
ad valorem tax shall be assessed and collected each such year
and deposited to the credit of the aforesaid Interest and
Sinking Fund. Said ad valorem taxes necessary to pay the
interest on and principal of said bonds, as such interest
comes due, and such principal matures, are hereby pledged
irrevocably for such purpose, within the limit prescribed
by law.
9. That the Mayor of said City is hereby authorized
to have control of said bonds and all necessary records and
proceedings pertaining to said bonds pending their delivery
and their investigation, examination, and approval by the
Attorney General of the State of Texas,and their registration
by the Comptroller of Public Accounts of the State of Texas.
Upon registration of said bonds, said Comptroller of Public
Accounts (or a deputy designated in writing to act for said
Comptroller) shall manually sign the Comptroller's Registration
Certificate prescribed herein to be printed and endorsed on
each bond, and the seal of said Comptroller shall be impressed,
or printed, or lithographed on each of said bonds.
10. Thpt said bonds are hereby sold nd shall be
delivered to Z. i {a
for the principal amount thereof and accrued interest to the
date of delivery, plus a premium of $
11. That all ordinances and resolutions or parts
thereof in conflict herewith are hereby repealed.
12. The fact that the contemplated use of the proceeds
of the bonds is necessary for the orderly development and growth
of the City of Corpus Christi, Texas, creates a public emergency,
and an imperative public necessity requiring the suspension of
the Charter Rule providing that no ordinance or resolution shall
be passed finally on the date it is introduced and that such
ordinance or resolution shall be read at three several meetings
of the City Council and the Mayor having declared that such
public emergency and imperative necessity exist, and having
requested that said Charter Rule be suspended and that this
ordinance take effect and be in full force and effect from
and after its passage, it is accordingly so ordained.
PASSED AND APPROVED, this the 15th day of December,
1966.
Mayor, City of Corpus Christi, Texas
ATTEST;
City Secretary, City of
Corpus Christi, Texas
The foregoing ordinance was approved prior to passage
as to form and correctness this I',7 day of December, 1966.
City Attorney, City Corpus Christi,
Texas J
THE STATE OF TEXAS
COUNTY OF NUECES
CITY OF CORPUS CHRISTI
I, the undersigned, City Secretary of the City of
Corpus Christi, Texas, do hereby certify that the above and
foregoing is a true, full and correct copy of an ordinance
passed by the City Council of the City of Corpus Christi,
Texas, (and of the minutes pertaining thereto) on the 15th
day of December, 1966, authorizing the issuance of $2,700,000
City of Corpus Christi, Texas, General Improvement Bonds, Series
19667A, which ordinance is duly of record in the minutes of
said City Council.
EXECUTED UNDER MY HAND and seal of said City this
the day of December, 1966.
City Secretary, City of Corpus
Christi, Texas
(SEAL)
n
TO THE MEMBERS OF THE CITY COUNCIL
CORPUS CHRISTI, TEXAS
•
CORPUS CHRiST', TEXAS
/JJ DAY OF - ' 19LLe
FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FORE-
GOING ORDINANCE, A PUBLIC EMERGENCY AND IMPERATIVE NECESSITY EXIST FOR
THE SUSPENSION OF THE CHARTER RULE OR REQUIREMENT THAT NO ORDINANCE OR
RESOLUTION SHALL BE PASSED FINALLY ON THE DATE IT IS INTRODUCED AND THAT
SUCH ORDINANCE OR RESOLUTION SHALL BE READ AT THREE MEETINGS OF THE CITY
COUNCIL; I, THEREFORE, HEREBY REQUEST THAT YOU SUSPEND SAID CHARTER RULE
OR REQUIREMENT AND PASS THIS ORDINANCE FINALLY ON THE DATE IT IS INTRO -
DUCED, OR AT THE PRESENT MEETING OF THE CITY COUNCIL.
RESPECTFULLY,
MAYOR
THE CITY OF CORPUS CHRISTI TEXAS
THE CHARTER RULE WAS SUSPENDED BY THE FOLLOWING VOTE'
DR. MCIVER FURMAN
JACK BLACKMON
PATRICK j- DUNNE
i
i
DR. P. J1MENE 2, uJ R„
KEN MCDANIEL
RONNIE S!ZEMORE _(
WM. H. WALLACE L //.; �-
THE ABOVE ORDINANCE WAS PASSED BY THE FOLLOWING VOTE'.
DR. MC I VER FURMAN /� 6L e; _
.;ACK BLAG KMON
PATRICK J. DUNNE '
DR. P. JIMENEZ, JR. l
KEN MCDANIEL r f,
RONN I E S; ZEMORE
WM. H. WALLACE
BIDDER �V�w r'
Good Faith Deposit $54,000
FOR BONDS MATURING COUPON RATE
1967 through 19�
19_1 through 19 4 • 4 C•
19�thro h 191 3_ i4 through
9 9� 4. %
19� through 19� $
TOTAL INTEREST CAST ..... $ C
LESS CASH PREMIUM ....... L_
NET INTEREST COST .......
EFFECTIVE INTEREST RATE
BIDDER
Good Faith Deposit $54,000
FOR BONDS MATURING
BID TABULATION
SHEET
19_ZL
5
CITY OF CORPUS CHRISTI, TEXAS
19
$2,700,000 GENERAL IMPROVEMENT
BONDS, SERIES 1966 -A
1977
OPENED: 11:00 A.M., C.S.T.,
DECEMBER 15, 1966
19 g kj
[�
19_ through
19
BIDDER
COST ...,.$
BIDDER- �.- c` —�'C
LESS CASH PREMIUM .......
i 7�
NET INTEREST COST .......
Good Faith Deposit $54,000
Good Faith Deposit $54,000
FOR BONDS MATURING
COUPON RATE
FOR BONDS MATURING
COUPON RATE
1967 through 19__2_L
5 %
1967 through 19
lg 7� through 19
4-
19` through 19
tin
1g � 3 through 19 y j
3 ip;
19�� through lg (
iL —�
19` _through 19
%
19 through 19
19 through 19
19-- through 19=
Tf?"A;� 7VIEPL'S'S' COST .....
%, I i Id
TOTAL INTEREST COST <....
$
LESS CASH. PREMIUM .......
C%
LESS CASH PREMIUM
NET INTEREST COST .......$
j, .r jr(i
NET INTEREST COST ....... $
EFFECTIVE INTEREST RATE
Lj , 0 i ri.
EFFECTIVE INTEREST RATE
BIDDER �V�w r'
Good Faith Deposit $54,000
FOR BONDS MATURING COUPON RATE
1967 through 19�
19_1 through 19 4 • 4 C•
19�thro h 191 3_ i4 through
9 9� 4. %
19� through 19� $
TOTAL INTEREST CAST ..... $ C
LESS CASH PREMIUM ....... L_
NET INTEREST COST .......
EFFECTIVE INTEREST RATE
BIDDER
Good Faith Deposit $54,000
FOR BONDS MATURING
COUPON RATE
1967 through
19_ZL
5
19 7-Z through
19
r�-
19 7-3'7. , through
1977
3 _ `7 �
191 79 through
19 g kj
[�
19_ through
19
TOTAL INTEREST
COST ...,.$
,I q,
LESS CASH PREMIUM .......
i 7�
NET INTEREST COST .......
EFFECTIVE INTEREST RATE
BID TABULATION SHEET
CITY OF CORPUS CHRISTI, TEXAS
$2,700,000 GENERAL IMPROVEMENT BONDS, SERIES 1966 -A
OPENED: 1.1:00 A.M., C.S.T., DECEMBER 15, 1966
ti
BIDDER U�M
Good Faith Deposit $54,000
FOR BONDS MATURING
COUPON RATE
1967 through 19 74-
[;
19 7.:1 through 19
y
19_Z Lj, through lq` b
�' $
19 through 19�
3,5C
19® through 19�
through
TCTEI I1TE2TST COST ..... $
2 S L'
LESS CASH PREMIUM
5 % c'
NET INTEREST COST ....... $
l l 3 L 1
EFFECTIVE INTEREST RATE
G l
I
BIDDER ��f H�`k•� k , li��c- =
Good Faith Deposit $54,000
FOR BONDS MATURING
COUPON RATE
1967 through 19 1 !
_
19 % through 19
19 °= through 19
1 _
c)
�' $
19 S L through 19K -b
3,5C
3.9 through 19
through
TOTAL INTEREST COST .....$
yU
LESS CASH PREMIUM .......
5 % c'
NET INTEREST COST ....... ti;v
EFFECTIVE INTEREST RATE
BIDDER
Good Faith Deposit $54,000
FOR BONDS MATURING
COUPON RATE
1967 through 19_ZL
through
19 7 g,_ through 19,
1 _
19 through 19 t
�' $
19 through 19
19a through 19=
through
TOTAL INTEREST COST .....
$f/
LESS CASH PREMIUM .......
5 % c'
NET INTEREST COST . , ..... $[I / a S S , b- 0
EFFECTIVE INTEREST RATE Lf C ?r 'f
BIDDER ti�z•.�
Good Faith Deposit $54,000
FOR BONDS MATURING
COUPON RATE
1967
through
19_Z�.
S
19_2_L
through
19
19 7 �-
through
19
E. 0
19
through
19
19
through
19^
TOTAL INTEREST COST ..... $ /7 / ;L. 3.7 Q .
LESS CASH PREMIUM
NET INTEREST COST ....... /, / 1 �{ �1 G • 7
EFFECTIVE INTEREST RATE .3 Z
BID TABULATION SHEET
CITY OF CORPUS CHRISTI, TEXAS
$2,700,000 GENERAL IMPROVEMENT BONDS, SERIES 1966 -A
OPENED: 11:00 A.M., C.S.T., DECEMBER 15, 1966
BIDDER
Good Faith Deposit $54,000
FOR BONDS MATURING COUPON RATE
1967 through 19� _
19_j , through 19_ tt.
19 through 19�
19� through 19
19 through 19� - �%
TOTAL ITINTE.RIST COST . , ... $
LESS CASH PREMIUUM
NET INTEREST COST ....... $ % ) tr - 0 0
EFFECTIVE INTEREST RATE At — 01a- 24 ) cp
BIDDER��N
Good Faith Deposit $54,000
FOR BONDS MATURING
COUPON RATE
1967 through
19_ZL
_
19_Z through
19 5
Gi
19� through
19
19_j_�,_
19 through
19
%
19 through
19=
19=
TOTAL INTEREST
COST .....
LESS CASH PREMIUM .,.....
COST .....
NET INTEREST COST .......
/,
EFFECTIVE INTEREST RATE U o
BIDDER
Good Faith Deposit $54,000
FOR BONUS MATURING COUPON RATE
1967 through 19—ZL %
19L through 19
19_ through 19 $ .? - 1 U
19 through 19 $
19 through 19_
TOTAL INTEREST COST ,.... $
LESS CASH PREMIUM ,...... —1
NET INTEREST COST — ..... $ g.5
EFFECTIVE INTEREST RATE
ti
BIDDER
Good Faith Deposit $54,000
FOR BONDS MATURING COUPON RATE
1967
through
19 -71
%
19�
through
19
4- t, 0
19 Z,_2
through
19_j_�,_
�,c�F �
19
through
19
19=
through
19
TOTAL INTEREST
COST .....
$
LESS CASH PREMIUM .,.....
%
NET INTEREST COST .......
EFFECTIVE INTEREST RATE
• i
_n
ti
r
s N
y
�f q
N