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10-24-1962 SpecialVILLAGB OF RICHFIELD Speciall Meeting. October 24, 1968 After due ca1JE and notice the council met in special session and as a Board of Canvass on i~ednesdsy , October 24, 1962 in the Village Hall, b70© Portland Ave. 9x15 P.M. 1 The meeting was called to order by Mayor Olson. Presents Anderson, Schultz, Shields and Olson. Absents Jacobsen. Canvass'. of Results of Primary Election The clerk presented the tabulation of returns and the official returns of said election as f ollow~t COUIJCILMANx Raymond H. Beane 1b6 Howard D. Burt 266 Lloyd L. McPherson. 512 Kermit M. Randalll 853' Tom Reese 632 John D. Shields 569 TQ~TAL Vc1TES CAST 2998 After due consideration of said returns it was- moved by Anderson, seconded by Schultz, that the following resolution be adopted; that it be spread in. the resolution boots and that it be made a part off'' these minutesi: R~OLUTTON NO. 2876 R'BSOtrUTION T~STBRM'iNI1~Y~ RESULTS OP VILLAGS PRIMARY BLBCTION Poll of votes Ayes ~. Anderson, Schultz, Shields and Olson. Nays - none. Absent ~- Jacobsen. Carried. This resolution appears as resolution #`2896 in resoiutioasr bosak x`18. Bond Sale It being 7s30 P.Me Mayor t}lson called for the bidbopening for the sales of $1,506~,~0® water bonds. Representatives from bidding firms wares YViiliam Lau' J. M311er, Mr« Morcan and Mr« Coolidges. 1 1 -2- FJct. 24, 1962 T. Q. E~ensen, fiscal agent for the grillage, stated that if anq of the bids had a "i~aar clauses. insetted, these bids would be rejected inasmuch as this w~.s not a progrision in the notice of sale. He opened and read the f oi- lowing bides BID N~. 1 - SORE, ~I~ORGAN & CO., Chicago; Shearson, Hammiil. & Co., New Yorkg Hagden, Stone & Co., 2nc., New York;~So~nig, Rearing & S teed, Chicago; accom~ panicd bq certified check of $30,000..00. RATE PREMIUM RATS 1965 4.00% 1966/1968 2..5+0% 196901979 3.25` 1980/1982 3.30° ~~ 1983/1984 3.40% $1.50. $654,941.00 3.2570 BID N®« 2 - HARRIS TRUST & SAVINGS BANK, Chicag®; R. VVt~. Fresaptich & C New York; Regnolds & Co., New York; accompanied bq certified check ®f $30'600.A0. RATE 1965/1968 3.75` 1969/1973 3.063`0 19?4/1979 3.3()'Ie 1986®1984 3.4t~~O .. PREMIUM RATE $532.50 $665,492.50 3.310 BID NO. 3 - COMMERCE TRUST CO., Ransas Gitq~ Goodbodq & Co.,.Chicago; 1?empsegm Teg~ler & Co., N~rv~ Yorks National. Shawmut Bank,, Boston; Luce, Thompson 8i Gtowe, Tnc.., Kansas Citq; accompanied bq,certified chedk of $30,000.00. RATS 1965/`1,969 3, ~6°k 1970~3.97~ 3.200 1978/1979 3.30° 1980/1981 3.400 1982/1984 3,30 PREMIUM RATS $330.00 $672,765.60 3.346% BID NEq. 4 -~J. M. VAIN & CQ., Minneapoli$; John Nuveen ~ Co., Chicago; Allison- 1~iiliams~ Co., Minne~.polis; American Nationall. Banks St. Fain.; gust National Bank, 5t. Paul.; Northwestern National Bank, Minneapolis; Piper, Jaffraq & Hopwo®d., Minneapolis; C~.ldwell, Phillips Co., St. Paul; Mannheimeta8gan~ Fnc., St. Paul; Shattghnessgr & Co., Inc., St. Paul; ~doodard Elwood & Co., Minneapolis; ace©m- paniecl bq certified check of $30,600.00. RATS 1965/1968 301t7'1o 1969/1975 3.20~i 1976/1982 3.409ro 1983/1984 ~ 3.50% PREMIUM RATE Par $673,265000 30348% -3- Oct. 24, 1962 BID N0. 5 - A. C. ALLYN & C{)., Chicago; Barcus, Kindred & Co., Chicago; 8, J. Van Ingen & Co., New York; 19ean Sitter & Co,, san Francisco; accompanied by a certified check of $30,000.00. RATB PREMIUi4~ RATB 1965/1978 3,25% $15.15 $673,669.85 1979/1981 3.40% 3.350% 1982/'1984 3.50% BID N0. 6 - 1~. S. SMITHBRS & CO., New York; Julien Collins & Co., Chicago; Herbert J. Sims & Co., New York; R. D..White ~ Co., New York;-Robert K. Wallace ~ Co,, Chics'go; Hutchinson,, Shocltey & Co., Chicago; accompanied by a certif~.ed check of $30,000.00. R~TB PREMIUM RATE 1965/1968 5..00% Far $677,130.00 1969%1973 3.00% 3,367% 197'4/1978 3.25% 1979//1.984 3.40% BIg3 N0. 7 • KALM~N 8c C@., Minneapolis; Stern Brothers & Cd., Kansas .City; Boettcher & Co., Denver; McDougal ~ Condon, Inc,., Chic~g©; Townsend, Dabney & Tyson, Boston; F, J, Prescott & Co., Minneapolis; Channer, Newman *ecurities, Chicago; accompanied by a certified check of $30,000.00. RAC, PREMIUM RATII 1965//1,971. 3.00% Par $685,245.00 1972/1973 3.20% 3.408% 1974®1978 3.40% 1979®1982 3..60% 1983/1984 3.50% Motion by Anderson, seconded by shields, that the following res©lution be adopted; that it be spread in the resolution b~k and that it b e made a part of these minutes ~°r' ~,,. . RBSt9LUTI0N`~ N0. 2877 RB~9LUTIt3N AQdARDII~ SALE OP $1,500,000 WATER BONES, OP 1962, FIXING THE FORM"AND TERMS OP SUCH BONDS, LEVXING TAXES FC?R - THE PAYMENT OP PRINCIPAL AND YNTSREST THEREON, AND OZHBR~fTTRB PR®VIDING POR 1HEIR ISS~i1ANCE Poll. of vrotes:: Poll of votest Ayes o Anderson, Schultz, Shields and Olson. Nays -none. - Absent_~ Jacobsen, ;Carried. This resolution appears- as resolu- tion #287 in resolution book #]:8. "' 1 1 1 -4- Qct. 24, 19b2 Motion bq Jacobsen, seconded bq Ar~erson, that the meeting be adjourned. x,11 ages - C~:rried. AFPRQVBDs Nov. 12, 1962 m 2 ~ ~ l~rJ Stanley '[~. Qlson ~Magor f O. rc len* Max~ger Edward J. Mb' ne, Glerk-Treas.