3203 RESOLUTION NO. 3,203
A RESOLUTION AWARDING TO PURCHASERS THE CITY OF LITTLE
ROCK, ARKANSAS GENERAL OBLIGATION BONDS, SERIES 1964,
DATED JULY 1, 1964, IN THE PRINCIPAL AMOUNT OF
$3,150,000
WHEREAS the City of Little Rock, Arkansas (called "City")
duly advertised by publication in The Bond Buyer, the Arkansas
Democrat, and otherwise , and now has under consideration the sale
of $3,150,000 City of Little Rock, Arkansas General Obligation
Bonds, Series 1964, dated July 1, 1964 (called "Series 1964 Bonds") ;
and
WHEREAS the following bids were received:
The First Boston Corporation, White Weld and Company, and Hill,
Crawford & Lanford, Inc. ; Net Interest Cost $1,891,687.00, with
Average Annual Interest Cost of 3.26271 per cent.
The first National Bank of Memphis, Memphis, Tennessee, W. H.
Satterfield & Company of Little Rock, Arkansas , and Associates ;
Net Interest Cost $1,935,590.00, with Average Annual Interest
Cost of 3.3384 per cent.
Halsey, Stuart & Company, Inc. , Dabbs Sullivan Company, Inc. ,
E. L. Villareal & Company, Inc. , and Associates; Net Interest
Cost $1,864,043.30, with Average Annual Interest Cost of
3.21503 per cent.
First National City Bank and Austin Tobin & Company, Inc. , by
Booker Worthen, Agent ; Net Interest Cost $1,952,150.00, with
Average Annual Interest Cost of 3 .3669 per cent.
Stephens, Inc. , Little Rock, Raney Investment Co. , Inc. , Little
Rock, Mercantile National Bank of Dallas, Texas, and Mercantile
Trust Company of St. Louis; Net Interest Cost $1,872,300.00,
with Average Annual Interest Cost of 3.22927 per cent.
Page 2
WHEREAS the City has received and considered the said
bids;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS:
Section 1 . That the bid of Halsey, Stuart & Company, Inc. ,
Dabbs Sullivan Company, Inc. , E. L. Villareal & Company, Inc. , and
Associates
for the Series 1964 Bonds is hereby found and declared to be the
best bid and said bid is hereby accepted, subject to the terms and
conditions of the Notice of Sale of the Series 1964 Bonds .
ADOPTED:
August 6, 1964 APPROVED:
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Asst. Mayor
ATTEST:
City Clerk