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Present:
<br />
<br />Mr. Irvin G. Horner, Chairman
<br />Mr. Leo Myers, Vice-Chairman
<br />Mr. J. Ruffin Apperson
<br />Mr. Ef Merlin O'Neill
<br />
<br />Mr. M. W. Burnett, Co. Admin.
<br />
<br />Absent:
<br />
<br />Mr. A. J. Krepela
<br />
<br />VIRGINIA: At an adjourned meeting of the
<br />Board of Supervisors of Chesterfield
<br />County, held on September 16, 1975
<br />
<br />The Board having met at 11:00 a.m. in the Finance Building, Capital Square to
<br />witness the opening of sealed bids for the purchase of $19,450,000 in County
<br />Bonds and the Board having returned to the Courthouse, the Chairman calls the
<br />meeting to order at 1:30 p.m.
<br />
<br />On motion of Mr. Apperson, seconded by Mr. Myers, the following resolution is
<br />adopted:
<br />
<br /> At an adjourned meeting of the Board of Supervisors of Chesterfield
<br />County, Virginia, held at the County Courthouse at 1:30 p.m. on September 16,
<br />1975, said meeting having been adjourned from a regular meeting held on
<br />September 10, 1975.
<br />
<br />Present
<br />
<br />Absent
<br />
<br />Irvin G. Hornet
<br />J. Ruffin Apperson
<br />Leo Myers
<br />
<br />~. Merlin O'Neill
<br />A. J. Krepela
<br />
<br /> The following resolution was adopted by a majority of all members of the
<br />Board of Supervisors by a roll call vote, the ayes and nays being recorded in
<br />the minutes of the meeting as follows:
<br />
<br />Member
<br />
<br />Vote
<br />
<br /> Irvin G. Hornet Aye
<br /> J. Ruffin Apperson Aye
<br /> Leo Myers Aye
<br />
<br /> Whereas, sealed bids for the purchase of $17,700,000 School Bonds and
<br />$1,750,000 Library Bonds (collectively the "Bonds") of Chesterfield County,
<br />Virginia (the "County"), were called for to be received for and on behalf of
<br />the Board of Supervisors of the County by the State Commission on Local Debt
<br />of the Commonwealth of Virginia, in its office, Room 101, Finance Building,
<br />Capital Square, Richmond, Virginia, until 11:00 o'clock A.M., Virginia time,
<br />on this date; and
<br />
<br /> Whereas, the following bids for the purchase of the Bonds were received
<br />by said Commission at said time and place;
<br />
<br />Name of Bidder
<br />
<br />Amount of Bid
<br />
<br />Bankers Trust Company
<br />Continental Illinois National
<br /> Bank and Trust Company of Chicago
<br />E. F. Hutton & Company
<br />First National Exchange Bank of
<br /> Roanoke and Associates, in
<br /> association with:
<br /> Reynolds Securities, Inc.
<br /> United Virginia Bank
<br />The Bank of Virginia and
<br /> Associates, in association with:
<br />Craigie, Mason-Hagan, Inc.
<br />First & Merchants National Bank
<br /> and Associates
<br />
<br />$1,075,000 bonds maturing September 1,
<br />1976 to 1986, inclusive, at 6.70%;
<br />$75,000 bonds maturing September 1, 1987
<br />at 6.60%; $375,000 bonds maturing Septem-
<br />ber 1, 1988 to 1992, inclusive, at 6.50%
<br />$75,000 bonds maturing September 1, 1933
<br />at 6.70%; $150,000 bonds maturing Septem-
<br />ber 1, 1994 and 1995 at 5%.
<br />
<br />premium - $1,735.25
<br />
<br />The Chase Manhattan Bank, N.A,,
<br /> and Associates
<br />
<br />$700,000 bonds maturing September 1,
<br />1976 to 1982· inclusive· at 7%; $675,000
<br />bonds maturing September 1, 1983 to 1990,
<br />inclusive, at 6.50%; $300,000 bonds matur-
<br />ing September 1, 1991 to 1994, inclusive,
<br />at 6.70%; 575,000 bonds maturing Septem-
<br />ber 1, 1995 at 5%.
<br />
<br />premium - $200 000
<br />
<br />
<br />
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