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RESOLUTION NO. ;73 07 7
RESOLUTION providing for the sale and
award of $1, 300,000 Corporate Purpose
Bonds and approving and authorizing
the agreement of such sale and award.
* * *
WHEREAS notice of sale of $1, 300,000 Corporate Purpose
Bonds of the City of Waterloo, in Black Hawk County, Iowa, has
heretofore been given in str'1 ct r`rm l ! anv, with the provisions
s
of Chapter 75 of the Code of Iowa, 1979, as amended, by publication
of notice for two or more successive weeks in a newspaper published
in Black Hawk County; and
WHEREAS all sealed bids have been received and placed
on file, after which open bids were called for and received, the
highest of which open bids was as follows: the bid submitted by
, consisting of par and accrued interest
plus a premium of $ , with the bonds to bear interest
at the following rates per annum:
Year of Interest
Maturity Rate
1984
1985
1986
1987
1988
1989
1990
and thereafter Such sealed bids were opened, the substance of
the best sealed bid being as follows : the bid submitted by
Northern Trust Co. & Assoc. consisting of par and accrued interest
BODE 2v6 PAGE 829
plus a premium of $ 33.00 , with the bonds to bear
interest at the following rates per annum:
Year of Interest
Maturity Rate
1984 8.40%
1985 8.40%
1986 7.10%
1987 7.10%
1988 7.10%
1989 7.20%
1990 7.30%
NOW, THEREFORE, Be It Resolved by the City Council of
the City of Waterloo, Iowa, as follows :
Section 1. That upon being duly advised in the premises
it is hereby determined that the bid of Northern Trust Company & Assoc .
for the purchase of $1,300,000 Corporate Purpose Bonds of said City,
dated November 1, 1980, as advertised, bearing interest at the
rates specified in the preamble hereof, is the highest and best
bid received and that said bonds be and the same are hereby
awarded to said Northern Trust Company & Associajes
Section 2. That the form of agreement of sale of said
bonds be and the same is hereby approved, and the Mayor, City Clerk
and City Treasurer are hereby authorized to accept and execute
the same for and on behalf of the City of Waterloo, Iowa, and to
affix the corporate seal of said City thereto.
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GOOK 236 PAGE 830
Section 3. That all resolutions or parts of resolutions
in conflict herewith he and the same are hereby repealed. •
Passed and approved el9., f1980,
•
Leo P. Rooff, Mayor
Attest :
Larry P. B er ty Clerk
Recorded )Q{ (10/Z 19R0.
~~ Larry P. er, ty r
rn
r*u •
•
7427
-YY .4, BLACK HAWK COUNTY, IOWA:SS
INDEXED
COMPARED A Filedfor recard,��i�IJ'a/ 19.12
PAGED at Y ,3$ M, and recorded in
• 2ze,QG ' Book oe.36
Page f-/ •
Recorder
Deputy
Fee 00
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BOOK 236 PACE 831