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06-16-1955VILLAGE C~' RICHEIELU Special Meeting June 16, 1955 Pursuant to action of the Village Council on May 23~ 1955, the council met in special session at the Village Ha17~at 8:00 P. Nl.~ Thursdays June 16, 1955, for the purpose of receiving and considering bids on ~1y1t7.0~000.00 Improvement Bonds of 1955, The meeta.ng was called to order by Mayor Kittell~ Present: Roses Shields, Wallick and Ki.ttel7:. Absent: Walt ers. Bond Sale r Tt being 8:00 P, M,, Mayor Kittell cal7e d for bids on ~1~14].0~000 Impr ove- ment Bonds of 1955 and read the notice of bond sale. Motion by Wallick, seconded by Shields that no further bids be received.. Carriede The following bids were opened and read aloud: Bid No. 1 - A. Ca ~11yn & Co,, Inc. Barcus~ Kindred & Ca.; B. J. Van Ingen _~:._. ~e Co.! Inc} Central Republic Co. and M. B. Vick & Co.; accompanied by a cert3.- fied check in the amount of ~20,~000,00~ Bonds due June l,~ 1957 to 1970 inclusive - 3~50~ Bonds due June 1, 1971 to 1974 inclusive - 3.60 .Bonds due June ly 1975 to 19?6,inclusive - 3.50 Premium X155.10; Net interest rate 3«5294 Bid No. 2 - J. M. Dain 8e Cot;, Allison-Williams Coe; Northwea~ern l~.tiona~ Bank; John Nuveen & Co.; Paine, Webbert Jackson & .Gt~[rtis; Piper, Jaffrey & Hopwood; Mannheimer-Egan, Inc.; Harold E. TrJood & Co.; Woodard-Elwood & Co.; Caldwell Phillips Co.~ Shaughnessy & Co.; E. J, Prescott & Co' accompanied by e certified check in the amount of $p20,000,Q0,, K: ~ '".3 ~` ~lw 'j~''3yy~~A` ~ f'i G'~f ~:,~, 9ne t- F i _ f _~1 ~~ -V.. ~. ._ ~I ,_ ., it . f: F _ ,: ~~- 1 e ~j °- sonde due June 1, 1957 to ;196$ inclusive - 3 ~49~ <. Bonds- due June ~., 1969 .to 1971. 3xiclue3.ve ~ ~,; . Bands due J~ine 1., 1972 to 1Q76 inel~sive - ~. F No Premium; Net interest rate 3...29798 , Bid No. 3 «• Reynolds & Co.; :accompanied.. by a cert~i.f-i-ed-a~ieok ~.n the aYaourtt of ~20~00000. Bonds due June 1~ ].957 ~ to 1976 inclusive - 3.6o~b s r . ~ No .Premium; 3b0~ net interest rate ~ l~rs Evena~en presented the tabu,lati.on of bids. ;1`. Mot3:an by ,Wallick, seconded by Shields, than the low bid of ~~ M~ Dain 8e Co. :xr ^' '^^ ~cceptad, Carried. - ~~. Motion by Wall3.ck,. seconded by .Rose, that the. council. extend their thanks :bo the firm of ~T. G., Evensen and'~-ssociates, Tn~. for -the excellent work`~Sex'forri~d °~ on beh~7.f o~ the Vi7,lagea Carriede 4' Condolences_to Spillanes Mohan by Shields, seconded by Rose, that the council .extend oondoleneee. ~Yg ' ti.:` ,~t,. Mrs.., James; Spillane, 6914 Oakland Ave6 Carried. -~ ~. Add ournment Mot~.on by Wal'~i.ck, .seconded by Shields, that the meet~.ng be adjourned, ° ~. . ll, 1955 APPFt.OVED s~ July er' ,i agent ge ©:: . ~., R. ' e~ _ re e ~. O, e~ ~ , Hager . =x