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HomeMy WebLinkAbout13141 ORD - 04/21/1976THE STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI On this the 21st day of April, 1976, the City Council of the City of Corpus Christi, Texas, convened in Regular Meeting, with the following members of said Council and officials of said City present, to -wit: Jason Luby, Mayor Bill Tipton, DDS, Mayor Pro -Tem Eduardo de Ases Ruth Gill Bob Gulley Councilmen Gabe Lozano, Sr. Edward L. Sample R. Marvin Townsend, City Manager J. Bruce Aycock, City Attorney Harold F. Zick, Director of Finance Bill G. Read, City Secretary Alton White, Jr., Tax Assessor- Collector with the following absent: None , constituting a quorum, at which time the following among other business was transacted: Mr. Luby, Mayor, presented for the consideration of the Council an ordinance. The ordinance was read by the City Secretary. The Mayor presented to the Council a communication in writing pertaining to said proposed ordinance, as follows: "Corpus Christi, Texas "TO THE CITY COUNCIL Corpus Christi, Texas Gentlemen: The public importance and pressing need for the permanent improvements to be constructed by the use of the pro- ceeds of bonds contemplated to be issued pursuant to an ordinance create an emergency and an imperative public necessity requiring the suspension of rules and Charter provisions requiring ordi- nances 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 bonds as an emergency measure. You will please consider this request in connection with the ordinance which is to be introduced for passage by the City Council on this subject.- ;.&-aaso son very tru , Luby Mayor" Councilman Lozano moved 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 Councilman Gill The motion was carried by an unanimous vote by the City Council, viz: AYES: Councilmen de Ases, Gill, Gulley, Lozano, Sample and Tipton. NAYS: None. The Mayor requested that the records show that he voted Aye. This was done. Councilman Lozano moved that the ordinance be passed finally. The motion was seconded by Councilman Gill . The motion was carried by the following vote: AYES: Councilmen de Ases, Gill, Gulley, Lozano, Sample and Tipton. NAYS: None. The Mayor requested that the records show that he voted Aye. This was done. The Mayor announced that the ordinance has been passed. The ordinance is as follows: • ORDINANCE NO. ! I'f�cl BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS, PROVIDING FOR THE ISSUANCE OF $3,500,000 CITY OF CORPUS CHRISTI, TEXAS, GENERAL IMPROVEMENT BONDS, SERIES 1976, BEARING INTEREST AT THE RATES HEREINAFTER SET FORTH, AND PROVIDING FOR THE LEVY, ASSESS- MENT AND COLLECTION OF A TAX SUFFICIENT TO PAY THE INTEREST ON SAID BONDS AND TO CREATE A SINKING FUND FOR THE REDEMPTION THEREOF 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 an election heretofore held in said City be combined in a single issue and sold at this time, the date of the elec- tion, amount of bonds authorized thereat, purpose, amount of bonds previously sold and the amount now to be sold being as follows: DATE OF AMOUNT PROPOSITION NUMBER AMOUNT PRE - AMT.NOW ELECTION AUTHORIZED AND PURPOSE VIOUSLY SOLD OFFERED 12/09/72 $3,600,000 4 - Sanitary Sewer $1,260,000 $1,135,000 12/09/72 3,525,000 5 -Park 1,800,000 1,390,000 12/09/72 300,000 7C- Service Center 75,000 - -- 12/09/72 3,200,000 8 - Drainage 2,200,000 500,000 12/09/72 4,275,000 9 - Street 3,225,000 475,000 WHEREAS, it is hereby officially found and determined: that a case of emergency or urgent public necessity exists which requires the holding of the meeting at which this Ordinance is passed, such emergency or public necessity being that the pro- ceeds from the proposed bonds are required as soon as possible and without delay for necessary and urgently needed public improvements; that this meeting was open to the public as required by law; and that public notice of the time, place, and purpose of this meeting was given as required by Vernon's Ann. Civ. St. Article 6252 -17, as amended. • 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 1976" 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 $3,500,000 for the following purposes, to -wit: $1,135,000 for the purpose of constructing improvements to the sanitary sewer system, including Broadway Plant improvement, Saratoga main, Calallen trunk, and lines in the Flour Bluff, Calallen, Tulosa Midway, and Corpus Christi beach areas and other sanitary sewer improvements; $1,390,000 for the purpose of improving lands for park purposes including South (McGee) and Corpus Christi beach development, softball field facilities, swimming pools at Flour Bluff and Woodlawn Parks, museum improvements, and improvements at Bayfront, Los Encinos, Woodlawn, Cole and various other parks; $500,000 for the purpose of constructing drainage improvements, including bay -front pump station modification, ditch improvements along Flynn and Shea Parkways, and the Van Galen Ditch; local drainage in the six points, Mayfield Lane, Casa Blanca, Arboleda, Flour Bluff, and Lorraine Street areas, major drainage facilities in the West Oso High School and Williams Drive areas, and other drainage facilities; $475,000 for the purpose of improving the streets of the City, including neighborhood streets, sidewalks to school sites, traffic signals, street lighting, Leopard Street resurfacing from Battlin Buc to Broadway, Airline from Padre Island Drive to Williams Drive, Rostoryz from Padre Island Drive to Holly Road, McArdle Road from Airline to Mt. Vernon Park, North Staples from Leopard to Broadway, Nueces Bay Boulevard from Leopard to IH 37, Waldron from Carribean to Purdue, Starlite from Leopard to Sunny, Cooper Alley from Mesquite to Tancahua and other street improvements. • 2. That said bonds shall be dated April 15, 1976, shall be numbered consecutively from 1 through 700, shall be in the denomination of $5,000 each, and shall mature and become due and payable serially on April 15 in each of the years, and in the amounts, respectively, as set forth in the following schedule: YEARS AMOUNTS YEARS AMOUNTS 1977 $100,000 1987 $200,000 1978 100,000 1988 200,000 1979 100,000 1989 200,000 1980 100,000 1990 200,000 1981 100,000 1991 200,000 1982 200,000 1992 200,000 1983 200,000 1993 200,000 1984 200,000 1994 200,000 1985 200,000 1995 200,000 1986 200,000 1996 200,000 3. That as to said bonds scheduled to mature on and after April 15, 1987, said City shall have the right and option to redeem such bonds prior to their scheduled maturities, in whole or in part, in their inverse numerical order, on April 15, 1986, 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'g%, such premium to be reduced h of to on April 15 of each year 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 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 pro- vision 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. 4. That said bonds shall bear interest from their date, until maturity or redemption, at the following rates: Bonds maturing through - -- 6 s0 % per annum; Bonds maturing Lq Y2 through - -- S,3y % per annum; Bonds maturing �� through / - - -% per annum; Bonds maturing /_17 through - -- L3~% per annum; Bonds maturing lf?d through/ &, - -- i:Od % per annum; with said interest to be evidence by interest coupons payable on October 15, 1976, and semi - annually thereafter on each April 15 and October 15. S. That the principal of and interest on said bonds shall be payable to bearer, in lawful money of the United States cf America, without exchange or collection charges to the bearer, upon presentation and surrender of proper bond or interest coupon at Corpus Christi Bank & Trust, Corpus Christi, Texas, or at the option of the holder, at The Chase Manhattan Bank, N. A., New York, New York, or at Harris Trust and Savings Bank, Chicago, Illinois, 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 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 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: (FORM OF BOND) No. $5,000 UNITED STATES OF AMERICA STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI, TEXAS, GENERAL IMPROVEMENT BOND SERIES 1976 On April 15, 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 October 15, 1976, and semi - annually thereafter on each April 15 and October 15 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 Bank & Trust, Corpus Christi, Texas, or, at the option of the bearer, at The Chase Manhattan Bank, N. A., New York, New York, or at Harris Trust and Savings Bank, Chicago, Illinois, which places shall be the paying agents for this Series"of bonds. This bond is one of a Series of bonds of like tenor and effect except as to number, maturity, interest rate and right of prior redemption, numbered 1 through 700, of the denomination of $5,000 each, dated April 15, 1976, issued in the • principal amount of $3,500,000, for the following purposes, to -wit: $1,135,000 for the purpose of constructing improvements to the sanitary sewer system, including Broadway Plant improve- ment, Saratoga main, Calallen trunk, and lines in the Flour Bluff, Calallen, Tulosa Midway, and Corpus Christi beach areas and other sanitary sewer improvements; $1,390,000 for the pur- pose of improving lands for park purposes including South (McGee) and Corpus Christi beach development, softball field facilities, swimming pools at Flour Bluff and Woodlawn Parks, museum improve- ments, and improvements at Bayfront, Los Encinos, Woodlawn, Cole and various other parks; $500,000 for the purpose of constructing drainage improvements, including bay -front pump station modifi- cation, ditch improvements along Flynn and Shea Parkways, and the Van Galen Ditch; local drainage in the six points, Mayfield Lane, Casa Blanca, Arboleda, Flour Bluff, and Lorraine Street areas, major drainage facilities in the West Oso High School and Williams Drive areas, and other drainage facilities; $475,000 for the purpose of improving the streets of the City, including neighborhood streets, sidewalks to school sites, traffic signals, street lighting, Leopard Street resurfacing from Battlin Buc to Broadway, Airline from Padre Island Drive to Williams Drive, Kostoryz from Padre Island Drive to Holly Road, McArdle Road from Airline to Mt. Vernon Park, North Staples from Leopard to Broadway, Nueces Bay Boulevard from Leopard to IH 37, Waldron from Carribean to Purdue, Starlite from Leopard to Sunny, Cooper Alley from Mesquite to Tancahua and other street improvements. The bonds of this Series scheduled to mature on and after April 15, 1987, may be redeemed prior to their scheduled maturities, in whole or in part, in inverse numerical order, at the option of said City, on April 15, 1986, or on any interest payment date thereafter, for the principal amount thereof plus C accrued interest to the date fixed for redemption, plus a premium of 2'h %, such premium to be reduced 4 of 1% on April 15 of each year 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 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 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 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 I 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 Corpus Mayor, City of Corpus Christi, 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 NO. Comptroller of Public Accounts of the State of Texas (FORM OF INTEREST COUPON) c On , 19—, the City of Corpus Christi, in the County of Nueces, State of Texas, promises to pay to bearer, the amount of Dollars in lawful money of the United States of America, without exchange collection charges to the bearer, upon presentation and surrender of this interest coupon, at the Corpus Christi Bank & Trust, Corpus Christi, Texas, or, at the option of the bearer, at The Chase Manhattan Bank, N. A., New York, New York, or at Harris Trust and Savings Bank, Chicago, Illinois, 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 1976, dated April 15, 1976. 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 1976, 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 com- pute 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. (a) That said bonds are hereby sold and shall be delivered to First City National Bank of Houston; Rotan- Mosle, Inc., Joint Managers and Texas Bank and Trust of Dallas , at a price of par and accrued interest to date of delivery, plus a premium of $ (b) That the'Mayor of said City is hereby authorized ti have control of said bonds and all necessary records and pro- ceedings 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. It is hereby officially found and determined that the meeting at which said bonds were authorized was open to the public as required by law and public notice of the time, place, and purpose of said meeting was given as required by Vernon's Ann. Civ. St. Article 6252 -17, as amended. 11. That the City covenants to and with the purchasers of the bonds that it will make no use of.the proceeds of the bonds at any time throughout the term of this issue of bonds which, if such use had been reasonably expected on the date of delivery of the bonds to and payment for the bonds by the purchasers, would have caused the bonds to be arbitrage bonds within the meaning of Section 103(d) of the Internal Revenue Code of 1954, as amended, or any regulations or rulings pertaining thereto; and by this covenant the City is obligated to comply with the requirements of the aforesaid Section 103(d) and all • applicable and pertinent Department of the Treasury regulations relating to arbitrage bonds. The City further covenants that the proceeds of the bonds will not otherwise be used directly or indirectly so as to cause all or any part of the bonds to be or become arbitrage bonds within the meaning of the aforesaid Section 103(d), or any regulations or rulings pertaining thereto. 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. 13. That all ordinances and resolutions or parts thereof in conflict herewith are hereby repealed. PASSED AND APPROVED this the 21st day of April, 1976. City of Corpus Christi, Texas ATTEST: City S Secretary City of Corpus Christi, Texas The foregoing ordinance was approved prior to passage as to form and correctness this the 21st day of April, 1976. 114SWA City Attorney City of Corpus Christi, Texas CORPUS CHRISTI, TEXAS 2LI* DAY OF APA1L p 19 7.L TO THE MEMBERS OF THE CITY COUNCIL CORPUS CHRISTI, TEXAS FOR THE REASONS SET FORTH IN THE EMERGENCY CLAUSE OF THE FOREGOING ORDINANCE, A PUBLIC EMERGENCY AND IMPERATIVE NECESSITY EXIST FOR THE SUSPEN- SION 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 SMALL BE READ AT THREE MEETINGS OF THE CITY COUNCIL; I, THEREFORE, REQUEST THAT YOU SUSPEND SAID CHARTER RULE OR REQUIREMENT AND PASS THIS ORDI- NANCE FINALLY ON THE DATE IT IS INTRODUCED, OR AT THE PRESENT MEETING OF THE CITY COUNCIL. RESPECTFULLY, LL:=' "_�a THE CIiy OF CORPUS CHRISTI, TEXAS THE CHARTER RULE WAS SUSPENDED BY THE ,, FOLLOWING VOTE: JASON LUBY DR. BILL TIPTON EDUARDO DE ASES RUTH GILL Boo GULLEY GABE LOZANO# SR, - EDWARD L. SAMPLE 1 THE ABOVE ORDINANCE WAS PASSED BY THE FOLLOWING VOTE: JASON LUSY DR. BILL TIPTON EDUARDO DE ASES RUTH GILL BOB GULLEY GABE LOZANO, SR. EDWARD L. SAMPLE t GENERAL CERTIFICATE THE STATE OF TEXAS COUNTY OF NUECES CITY OF CORPUS CHRISTI We, the undersigned, hereby officially certify that we are the Mayor, City Secretary and Director of Finance, respectively, of said City, and we further certify as follows: 1. That said City is a duly incorporated Home Rule City, having more than 5000 inhabitants, operating and existing under the Constitution and laws of the State of Texas and the duly adopted Home Rule Charter of said City, which Charter has not been changed or amended since February 20, 1974, the date of passage of the ordinance authorizing the issuance of the most Recently dated, issued and outstanding tax obligations of said Ci- 2. That no ligiation of any nature has ever been filed pertaining to, affecting or contesting: (a) the issuance, delivery, payment, security or validity of the proposed City of Corpus Christi, Texas, General Improvement Bonds, Series 1976, dated April 15, 1976, in the aggregate principal amount of $3,500,000; (b) the authority of the officers of said City to issue, execute and deliver said bonds and interest coupons; or (c) the validity of the corporate existence, the current Tax Rolls, or the Charter of said City; and that with the exception of the following cases contesting certain annexation proceedings of the City, which if lost by the City would not reduce the amount of the 1974 ad valorem tax rolls as shown below, no litigation is pending pertaining to, affecting or contesting the boundaries of said City, to -wit: State of Texas ex rel. City of Corpus Christi vs. Percy A. Hartman, et al, No. 115,034 -D, 105th Judicial District Court, Nueces County. The City of Corpus Christi vs. Percy Hartman, et al, No. 115,039E, 148th District Court, Nueces County, Texas. State of Texas ex rel. Lonnie Glasscock III vs. City of Corpus Christi, et al, No. 15,776, 36th Judicial District Court, San Patricio County, Texas. 3. That on the 21st day. of April, 1976, the date an Ordinance was passed authorizing the issuance of City of Corpus Christi, Texas, General Improvement Bonds, Series 1976, and at the present time, the following persons were and are the duly elected or appointed and qualified officials of said City: Jason Luby, Bill Tipton, DDS, Eduardo De Ases Ruth Gill Bob Gully Gabe Lozano, Sr. . Edward L. Sample . R. Marvin Townsend, J. Bruce Aycock, Harold F. Zick, Bill G. Read, Alton White, Jr., Mayor Mayor Pro -Tem Councilmen City Manager City Attorney Director of Finance City Secretary Tax Assessor - Collector • 4. That the currently effective ad valorem Tax Rolls of said City are those for the year 1975, being the most re- cently approved Tax Rolls of said City; that the City Commissioner of said City has caused the taxable property in said City to be assessed as required by law; that the Board of Equalization of said City has equalized and approved the valuation of taxable property in said City for said year; that the Tax Assessor of said City has duly verified the aforesaid Tax Rolls, and said Board of Equalization has finally approved the same; and that the valuation of taxable property in said City, and the aggre- gate amount of exemptions; if any, of assessed values of resi- dence homesteads of persons sixty five years of age or older pursuant to Section 1 -b(b) of Article VIII of the Texas Constitu- tion, and the net effective taxable value of taxable property in said City, according to the aforesaid Tax Rolls for said year, as delivered to the City Secretary of said City, and finally approved and recorded by the City Commission of said City, are as follows: Assessed Value: $ 1,082,992,785 Homestead Exemptions: 22,996,005 Taxable Values: $ 1,059,996,780 SIGNED AND SEALED this the n2lday of April, 1976. City Secretary Mayor Director of in e (SEAL) APPROVED AS TO FORM AND CORRECTNESS this 21st day of April, 1976. G ty Attorney, ffty of Corpus risti, Texas. A CITY OF CORPUS CHRISTI, TEXAS BID TABULATION - $3,500,000 GENERAL IMPROVEMENT BONDS, SERIES 1976 1 /'Ca BIDS OPENED: 11:00 A.M., APRIL 21, 19,76 Effective Total Less Net Interest Interest Cash Interest BIDDER Rate Cost Premium Cost First City National Bank of Houston 4.982963 $2,018,100.00 $ — $22018,100.00 Rotan - Mosle, Inc. Texas Bank & Trust Co. of Dallas Guaranty National Bank & Trust 5.0128 2,030,200.00 — - 2,030,200.00 First National Bank in Dallas 5.0166 2,031,850.00 111.00 2,031,739.00 Fort Worth National Bank Paine, Webber, Jackson & Curtis E. F. Hutton & Co., Inc. Harris Trust & Savings Bank, Chicago 5.0266 2,035,800:00 33.00 2,035,767.00 The Northern Trust Company The First Boston Corporation B1yth,Eastman Dillon & Co.,.Inc. Waterlek & Brown, Inc. First Penn.co John Nuveen & Co., Inc. 5.0489 2,045,675.00 875.00 2,044,800.00 Rauscher Pierce Securities Corp. Rawles, Winston Div., Cowen & Co. Underwood, Neuhaus & Co., Inc. Republic National Bank of Dallas 5.0490 2,045,400.00 525.00 2,044,875.00 Republic National Bank of Dallas Mercantile National Bank at Dallas Loeb, Rhoades & Co. White, Weld & Co., Inc. Shearson Hayden Stone Inc. United Missouri Bank. of Kansas City Eppler, Guerin & Turner, Inc. Weeden & Co., Inc. 5.05704 2,048,099.98 — 2,048,099.98 Bank of the Southwest, Houston Allied Bank of Texas, Houston Citibank, N.A. 5.0691 2,053,400.00 400.00 2,053,000.00 Bankers Trust Co. First National Bank of Chicago W.H. Morton & Co. Reynolds Securities, Inc. Bancnorthwest .farrill Lynch, Pierce, Fenner & Smith 5.0728 2,054,350.00 — 2,054,350.00 Corpus Christi National Bank 5.21501 20121,750.00 9,670.50 2,112,079.50 CITY OR CORPgS CHRISTI, TEAS' BID TABULATION - $3,500,000 GENERAL INPROVEPLSNT BONDS, SERIES 1976_ BIDS OPENED: ' 11:00 A.M., APRIL 21, 1976 Effective Total Less Net Interest Interest Cash Interest BIDDER Rate Cost Premium Cost First City National Bank of Houston 4.982963 $2,018,100.00 $ — $2,018,100.00 Rotan- Mosle, Inc. Texas Bank & Trust Go. of Dallas Guaranty National Bank & Trust 5.0128 2,030,200.00 — 2,030,200.00 First National Bank in Dallas 5.0166 2,031,850.00 111.00 2,031,739.00 Fort Worth National Bank Paine, Webber, Jackson & Cu=tis E. F. Hutton & Co., Inc.. Harris Trust & Savings Bank, Chicago 5.0266 2,035;800:00 33.00 2,035,767.00 The Northern Trust Company The First Boston Corporation• Blyth,Eastm m Dillon & Co., Inc. Waterlek & Brawn, Inc. ' First Penn.co - John Nuveen & Co.,'Inc. 5.0489 2,045,675.00 875.00 2,044,800.00 Rauscher Pierce Securities Corp. Rowles, Winston Div., Cowen & Co. Underwood, Neuhaus & Co., Inc. Republic National Bank of Dallas 5.0490 2,045,400.00 525.00 2,044,875.00 Republic National Bank of Dallas Mercantile National Bank at Dallas Loeb, Rhoades & Co. White, Weld & Co., Inc. Shearson Hayden Stone Inc. United Missouri Bank of Kansas City Eppler, Guerin & Turner, Inc. Weeden & Co., Inc. 5.05704 2,048,099.98 — 2,048,099.98 Bank of the Southwest, Houston Allied Bank of Texas, Houston Citibank, N.A. 5.0691 2,053,400.00 400.00 2,053,000.00 Bankers Trust Co. First National Bank of Chicago W.H. Morton & Co. Reynolds Securities, Inc. Bancnorthwest Merrill Lynch, Pierce, Fenner & Smith 5.0728 2,054,350.00 — 2,054,350.00 Corpus Christi National Bank 5.21501 2,121,750.00 9,670.50 29112,079.50 OFFICIAL BID FORM PROPOSALFOR $3,500,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas Gentlemen: April 21, 1976 Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued Interest to date of delivery and a cash premium of $ -0- for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing Interest at the following rates: For Bonds Maturing Coupon Rate 1977 through 81 6.50 1982 through 5.25 1983 through 88 4.75 1989 through 4.85 1990 through 96 5.00 We agree to accept delivery and make payment for the bonds without cost to us at City National Bank, Austin, Texas; or at the , and in accordance with the Bidding Conditions. Cashiers Check No. Issued by City National Bank payable unconditionally to the City of Corpus Christi, in the amount of $70,000 (has been made available to you prior to the opening of this bid) as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price) or Strike out Inapplicable phrases. _First City National Bank of Houston - joint n a*+ager Account Manager Rotan- Mosle. Inc. - joint manager Texas Bank and Trust Company of Dallas B�V A,,}hQ ized gepresentati e C. Ivan 4Vi{son (as agent rpus Christi Bank & Trust Accepted by the City Council on this a day of April, 1976. M qty of Corpus 6490, T ATTEST: s!J "� ry� City Please supply the following information which Is not a part of this bid: Total Interest Cost $ 2.018. 100.00 Less Cash Premium $ -0- Net Interest Cost $ Z-018,100.00 Effective Rate of Interest 4._982963 Receipt Is acknowledged on behalf of bidder of above - described Good Faith Check This day of . 1976. By $3,800,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 150D 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,0DO 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $3,500,000 CRY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas April 21, 1976 Gentlemen: Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued Interest to date of delivery and a cash premium of $ 0 for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing Interest at the following rates: For Bonds Maturing Coupon Rate 1977 through 85 4.50 % 86 through 88 4.75 % 89 through 92 5.00 % 93 through 96 5.40 % through % We agree to accept delivery and make payment for the bonds without cost to us at Austin National Bank, Austin, Texas; or at the and in accordance with the Bidding Conditions. Cashier's Check No. 116827 issued by r n y Natian_al Bank and Trust, Corpus Christi, Texas payable unconditionally to the City of Corpus Christi, in the amount of $70,000 (is attached hereto) (has been made available to you prior to the opening of this bid) as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price) or (returned to us). Strike out Inapplicable phrases. Guaranty National Bank and Trust Account Manager Accepted by the City Council on this ATTEST: day of April, 1976. By Authorized Re resentative Charles A. Mella, III, V.P.& Cash. Guaranty National Bank and Trust Mayor, City of Corpus Christi, Texas City Secretary Please supply the following information which is not a part of this bid: Total Interest Cost $ 2.030.200 Less Cash Premium $ —0— Net Interest Cost $ 2- 030,200 Effective Rate of Interest 5 _ ni 2R % Receipt Is acknowledged on behalf of bidder of above - described Good Faith Check This day of —ar- 1976. 0 By $3,600,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $3,600,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas Gentlemen: April 21, 1976 Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued interest to date of delivery and a cash premium of $ 111.00 for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing interest at the following rates: For Bonds Maturing Coupon Rafe 1977 through 1988 4.75 % 1989 _per 4.85 % 1990 through 1992 5.10 % 1993 through 1996 5.25 % through % We agree to accept delivery and make payment for the bonds without cost to us at Bank, Austin, Texas; or at the and In accordance with the Bidding Conditions. Cashier's Check No. CS073789 issued by First National Bank in Dallas, Dallas, Texas payable unconditionally to the City of Corpus Christi, In the amount of $70,000 (is attached hereto) as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon dellvery of the bonds, said check shall be (deducted from the purchase price) or otam). Strike out inapplicable phrases. FIRST NATIONAL BANK IN DALLAS Account Manager Fort Worth National Bank rainp., Webber., Jackson & C ,rti E.F. Hutton & Co., Inc. Accepted by the City Council on this day of April, 1976. ATTEST: City Secretary Please supply the following information which is not a part of this bid: Total Interest Cost $ 2,031-850 Less Cash Premium $ 111 Authorized Representan e` Parks B. Pedrick, Jr., Vice President First National Bank in Dallas Mayor, City of Corpus Christi, Texas Net Interest Cost $ _9 na1 -zq9 Effective Rate of Interest 5.0166 % Receipt is acknowledged on behalf of bidder of above - described Good Faith Check This 2 t d 1976. By of w $3,600,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 2WD00 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $9,800,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas Gentlemen: April 21, 1976 Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued Interest to date of delivery and a cash premium of $ 33.00 for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing Interest at the following rates: For Bonds Maturing Coupon Rate 1977 through 1984 6.00 1985 through -0- 5.60 1986 through 1992 5.00 1993 through 1994 5.30 1995 through 1996 4.00 We agree to accept delivery and make payment for the bonds without cost to us at The American National Bank, Austin, Texas; or at the and in accordance with the Bidding Conditions. Cashiers Check No. M 29901 Issued by Harris Trust and Savings Bank. Chicago. L11inois payable unconditionally to the City of Corpus Christi, in the amount of $70,000 (is attached hereto) (has been made available to you prior to the opening of this bid) as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price) or (returned to us). Strike out inapplicable phrases. Harris Trust and Savings Bank, Chicago Account Manager The Northern Trust Company The First Boston Corporation Blyth Eastman Dillon & Company, Inc. Wauterlek & Brown, Inc. First Pennco Accepted by the City Council on this day of April, 1976. ATTEST: By: Harris Trust and Savings Bank By Authorized Representative Assistant Vice President City of Corpus Christi, Texas City Secretary Please supply the following information which Is not a part of this bid: Total Interest Cost $ 2,035,800.00 Less Cash Premium $ 33.00 Net Interest Cost $ 2,035,767.00 Effective Rate of Interest 5.0266 Receipt Is acknowledged on behalf of bidder of above - described Good Faith Check This At d of y�t_ 1976. By nn, s3,608,088 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 _ 1981, 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 m 200,000 14100 1989 200,000 16700 _ 1990 200,000 19500 1991 200,000. 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $3,500,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas April 21, 1976 Gentlemen: Subject to the terms of the Officia t l Stateme and BI din Conditions we offer to pay par plus accrued Interest to date of delivery and a cash premium of $ v for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing interest at the following rates: For Bonds Maturing Cou inotate 1977 through 8 � G '3/ b /, through t� r '1--' 0.0 % through S + s o % through .8/ 7� 9? through J'' e O %, We agree to accept delivery and make payment for the bonds without cost to us at City National Bank of Austin Bank, Austin, Texas; or at the and in accordance with the Bidding Conditions. Cashier's Check No. Issued by City National Bank of Austin, Austin, Texas payable unconditionally to the City of Corpus Christi, in the amount of $70,000 { (has been made available to you prior to the opening of this bid) as a Good Faith Deposit for disposition In accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price)-er-ed=1;s;-00. Strike out Inapplicable phrases. JOHN NUVEEN & CO., INC. ) Account Monager oin RAUSCHER PIERCE SECURITIES CORPORATION )Managers ROWLES, WINSTON DIV., COWEN & CO. UNDERWOOD, NEUHAUS b CO., INC. ) Accepted by the City Council on this ATTEST: day of April, 1976. FIRST SOUTHWEST COMPANY KIRCHNER, MOORE 6 COMPANY RUSS SECURITIES CORPORATION By Authorized Representative Mayor, City of Corpus Christi, Texas City Secretary Please supply the following Information which is not a rt f this bid: Total Interest Cost $ Z/ O r ' 6 7-j- Less Cash Premium $ 9747 Net Interest Cost $ �+ 9XZ7 Effective Rate of Interest % Receipt Is acknowledged on behalf of bidder of above - described Good Faith Check This By day of — 1976. r $3,SW,CW CRY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years L. I r OFFICIAL BID FORM PROPOSAL FOR $3,110000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas Gentlemen: April 21, 1976 Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued interest to date of delivery and a cash premium of $ SA 5.00 for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing Interest at the following rates: For Bonds Maturing Coupon Rate 1977 through iwa°>_ &' c' q ff 3 through I ct9 t S. u % x1421 through a % 11913 through Il °t S 5, 2 s % I"i 91, through 14.0 % We agree to accept delivery and make payment for the bonds without cost to us at City National Bank, Austin, Texas; or at the and In accordance with the Bidding Conditions. Cashier's Check No. Issued by City National Bank, Austin, Texas payable unconditionally to the City of Corpus Christi, in the amount of $70,000 �herelo) (has been made available to you prior to the opening of this bid) as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price) or {�eternedaa}s Strike out inapplicable phrases. ublic National Bank of Dallas Dallas, Texas Account Manager and Associates (See attached list of account members) Accepted by the City Council on this day of April, 1976. ATTEST: By Authorized Rap ?'entative nneth K. Lindgren Vice President Mayor, City of Corpus Christi, Texas City Secretary Please supply the following Information which is not a part of this bid: Total Interest Cost $ AiD45-`fOO,01) Less Cash Premium $ Ta5.0 D Net Interest Cost $ X o 4,4 r 87 5, u o Effective Rate of Interest S 04Q o % Receipt Is acknowledged on behalf of bidder of above - described Good Faith Check This day of - 1976. By .a $3,500,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,0DO 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $3,500,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas April 21, 1976 Gentlemen: Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued interest to date of delivery and a cash premium of $ None for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing interest at the following rates: For Bonds Maturing Coupon Rate 1977 through 1982 tiSn % 1983 through 1988 4.90 1989 through 1990 5.00 1991 through 1994 5.25 1995 through 1996 4.50 We agree to accept delivery and make payment for the bonds without cost to us at American Natfrmal Bank, Austin, Texas; or at the and in accordance with the Bidding Conditions. Cashiers Check No. issued by Ae. ri can National Bank, Austin payable unconditionally to the City of Corpus Christi, in the amount of $70,000 ( (has been made available to you prior to the opening of this bid) as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price) or Strike out Inapplicable phrases. Weeden & Ca=aiw, 711c., Hamt-rm, TExas Account Manager Bank of the Southwest, Houston Allied Bank of Texas, Houston Accepted by the City Council on this day of April, 1976. ATTEST: By r, - Ro< Rg{3(esentativ� W. G. Hogue `7- t W Mayor, City of Corpus Christi, Texas City Secretary Please supply the following information which is not a part of this bid: Total Interest Cost $ 2,048,099.98 Less Cash Premium $ —0 Net Interest Cost $ 2,048,099.98 Effective Rate of Interest 5.05704 % Receipt is acknowledged on behalf of bidder of above - described Good Faith Check This day of , 1976. $3,508,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $3,600,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas Gentlemen: April 21, 1976 Subject to the terms of the Official Stcopm 0 and Bidding Conditions we offer to pay par plus accrued Interest to date of delivery and a cash premium of $ for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing Interest at the following rates: For Bonds Maturing Coupon Rate 1977 through 1983 6.00 1984 through 1987 4.90 1988 through 1991 5.00 1992 through 1995 5.25 1996 through —0— 4.00 We agree to accept delivery and make payment for the bonds without cost to us at Bank, Austin, Texas; or at the and in accordance with the Bidding Conditions. Cashiers Check NoBDM020382 issued by CITIBANK, N.A. payable unconditionally to the City of Corpus Christi, In the amount of $70,000 (Is attached hereto) (has- bean mede atwllchlesa Va. Lprlucla- - opening_oLthlsbiid) as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price) or (retained ioos). Strike out indpplicable phrases. CITIBANK, N.A. Account Manager BANKERS TRUST COMPANY FIRST NATIONAL BANK OF CHICAGO W. H. MORTON & CO.(DIV.OF AMER.EXP.CO.) REYNOLDS SECURITIES, INC. BANCNORTHWEST Accepted by the City Council on this day of April, 1976. ATTEST: By 1 n 'Dl �C Authorized Re r se Ji M. Margaret MCAulines, A Mayor, City of Corpus Christi, Texas City Secretary Please supply the following information which is not a part of this bid: Total Interest Cost $ 2,053,400.00 Less Cash Premium $ 400.00 Net Interest Cost $ 2,053,000.00 Effective Rate of Interest 5.0691 Receipt is acknowledged on behalf of bidder of above - described Good Faith Check This Z1 d f 0-4k 1976. By Y Ac.+� $3,688,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $3,500,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas April 21, 1976 Gentlemen: Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued Interest to date of delivery and a cash premium of $ `1 for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing Interest at the following rates: For Bonds Maturing 19,77 through $ �C upon Rafe 7J P through 9 �� 5'-'V'0 J through gam/ x % through I C' 7 `r✓ through d We agree to accept delivery and make payment for the bonds without cost to us at America .rational Bank, Austin, Texas; or at the and in accordance with the Bidding Conditions. Cashier's Check No. issued by American lational Bank, Austin, Texas payable unconditionally to the City of Corpus Christi, In the amount of $70,000 (has been made available to you prior to the opening of this bid) as a Good Faith Deposit for dis osition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be he a) or (returned to us). Strike out inapplicable phrases. =711 LYTCIT P ERCE, =TITER & S11171, I-TC. Account Manager and ASSOCIATES Accepted by the City Council on this day of April, 1976. ATTEST: By Autifirized Representative eaty eck Merrill Lynch & Co, Inc. Mayor, City of Corpus Christi, Texas City Secretary Please supply the following information which Is not a part of this bid: Total Interest Cost $ 2, -ate �O OD Less Cash Premium Net Interest Cost $ —� $ 2, Oc!-' , Y:0, 2J Effective Rate of Interest `r Receipt is acknowledged an behalf of bidder of above - described Good Faith Check This By day of 1976. x3,600.000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturity 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturity 11.6 years OFFICIAL BID FORM PROPOSAL FOR $3,500,000 CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 The City Of Corpus Christi Corpus Christi, Texas April 21, 1976 Gentlemen: Subject to the terms of the Official Statement and Bidding Conditions we offer to pay par plus accrued Interest to date of delivery and a cash premium of $ X0.51- for $3,500,000 City of Corpus Christi, Texas, General Im- provement Bonds, Series 1976 bearing interest at the following rates: For Bonds Maturing Coupon Rate 1977 through 1.982 4.25 % 1983 through 1984 4.50 % 1985 through 1991 5.25 % 1992 through 1996 5.50 % through % We agree to accept delivery and make payment for the bonds without cost to us at Am rican National Bank, Austin, Texas; or at the , and in accordance with the Bidding Conditions. Cashiers Check No. 75513 issued by Corpus Christi National Bank payable unconditionally to the City of Corpus Christi, in the amount of $70,000 (is attached hereto) ohmobaboaaWle as a Good Faith Deposit for disposition in accordance with the Bidding Conditions. Upon delivery of the bonds, said check shall be (deducted from the purchase price) or Strike out inapplicable phrases. Corpus Christi National Bank. C pus Christi, Texas Account Manager By A thorized Representative Jerry W. Gates Accepted by the City Council on this day of April, 1976. Mayor, City of Corpus Christi, Texas ATTEST: City Secretary Please supply the following information which is not a part of this bid: Total Interest Cost $ 2,12.1_,750.00 Less Cash Premium $ 9,670.50 Net Interest Cost $ 2.L12,079.50 Effective Rate of Interest 5.21501 Receipt is acknowledged on behalf of bidder of above - described Good Faith Check This 21 day f 1976. By $3.5011,004) CITY OF CORPUS CHRISTI, TEXAS GENERAL IMPROVEMENT BONDS SERIES 1976 Average Maturlty 11.6 years ACCUMULATED YEAR AMOUNT BOND YEARS 1977 $100,000 100 1978 100,000 300 1979 100,000 600 1980 100,000 1000 1981 100,000 1500 1982 200,000 2700 1983 200,000 4100 1984 200,000 5700 1985 200,000 7500 1986 200,000 9500 1987 200,000 11700 1988 200,000 14100 1989 200,000 16700 1990 200,000 19500 1991 200,000 22500 1992 200,000 25700 1993 200,000 29100 1994 200,000 32700 1995 200,000 36500 1996 200,000 40500 Average Maturlty 11.6 years