HomeMy WebLinkAboutMinutes 05/01/1946May lst, 1946.
Adjourned meeting of the Council of the City of .Petaluma
called to order by Mayor Woodson.
ROLL C ALL:
Present: Councilmen Brown., Deiss, Myers Penry, and Mayor
Woodson.
Absent: Councilmen King, and Seidell.
NEW BUSINESS :.
Opening 'bids - ::sale of City ' of - Petaluma - Mun.
Impv. Bonds of 1945:
This being the time set for opening bids for the
sale of $420,000.00 "City of Petaluma Municipal Improvement
Bonds of 1945 the Clerk reported having receive tnree- "
bids and proceeded to open and read said bids as follows:
Bank of America N.T. & S.A.; Blyth and Company,, Inc.;
Heller, Bruce and Company, by, Bank of America N.T.
& S.A. bidding an interest rate of 1 ®1/4% on the
entire issue, plus a premium of $109.00;
American Trust Company; Weeden & Co.; Harris Trust.
& Savings Bank.; Hannaford & Talbot, ,by American
Trust Co. bidding an interest rate of 3 -5 /410 on
bonds maturing 1947 to 1949, and an interest ratd -
of 1".1 /4fo on balance of issue maturing to 1965, plus
a premium of $126.00; and
Halsey, Stuart & Co'. Inc.;C. F. Childs and Company;
Inc. by Halsey, Stuart & Co. bidding an interest
rate of 2 -3 /4fo on bonds maturing 1947 to 1951; and
1 -1 /41, on bonds maturing 1952 to 1965, plus a
premium of $655.20.
The bids were studied and taken under advisement
until the adjourned meeting to be held at 5 o' clock P.M'
ADJOURNMEN T:
There being no further_ business to come before the
meeting, the meeting was adjourhed tntil 5 o'clock P.M:
May 1, 1946.
ATTEST: ✓ G��►ti
, (/CITY C= vMAYOR. .
May 1 1946.
5 o f , clock P.M.
Adjourned meeting 'of , the Council , of the - City of
Petaluma 0alleff to' order by Mayor Woodson.
ROLL CALL.:
`° present_ :Councl'men Brown, Deiss, Myers, Penry, and
Mayor Woodson..
Ab serif;: Councilmen. King, and Seidell..
NEW BUSINESS:
Accepting bid of Bank of "America N' *T & S.A.
for 'City'of Petaluma Mun. 'Impv. Bonds -of1945:
Resolution. #5806 C,S.
introduced by Councilman'Brown, seconded by Councilman Penry,
accepting the` bid of Bank of America_ N.. T. & S.A. ; 'Blyth and
'Company - - Inc . ; Heller, Bruce and Company; By Bank of ' America
N.T-. '& S.A. for $420,000; par value of City 'of Petaluma Municipal
Improvement Bonds of 1945 and authorizing the Treasurer of the
City. of - Petaluma to deliver said bonds to said purchaser thereon
upon ,payment to said Treasurer of the purchase .price and, a premium
:of X1009 .:00, together with -- accrued interest at the rate of 1-1/4%
per - . directing the City-Clerk to return to the unsuccessful
bidders their several checks accompanying their respective bids;
and directing the City Clerk to cause a suffic -ient number of
bonds to be printed, lithographed or engraved,.- adopted by the
-, lowing vote:
AYES: Councilmen Brown; Deiss, Myeys, Penry, and
Mayor Woodson.
NOES: None.
ABSENT: Councilmen King, and Seidell.
ADJOURNMENT :
There being no further business to come before -the
meeting:,, the meeting was declared adjourned.
MIA
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