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Home My WebLink AboutMinutes - City Council - Regular - 12/5/1950RECESSED REGULAR MEETING Lubbock, Texas December 5, 1950 The City Commission of the City of Lubbock, Texas, met at 1:30 P.M. in recessed regular session, recessed from Regular Meeting of November 22, 1950, at the regular meeting place in the City Hall, the following members thereof being present, to-irit: Mayot Clarence K. Whiteside, Commissioners Harry Morris, E. K. Hufstedler, L. E. Davis, Lucian Thomas, City Attorney Vaughn E. Wilson, City Manager Steve Matthews, City Secretary Lavenia Lowe. Absent: None. Motion was made by Commissioner Morris, seconded by Commissioner Thomas, that Ordinance No. 1040 be passed on second and final reading. This motion carried by the following vote: Mayor Whiteside, Commissioners Norris, Thomas, Hufstedler and Davis voting AYE None voting NAY ORDINANCE NO; 1040 AN ORDINANCE AMENDING ZONING ORDINANCE N0. 661 AND TIE OFFICIAL ZONING MAP OF THE CITY OF LUBBOCK SO AS TO MAKE THE FOLLOWING CHANGES: (1) CHANGE ALL OF RIDGECREST SUBDIVISION FROM A TEMPORARY "A" DISTRICT TO A "B" DISTRICT; (2) CHANGE ALL OF THE SOUTHWEST CORKER OF BLOCK EIGHTY NINE (89), ROBERTS & MCWHORTER ADDITION, ABOVE TBE CANYON RIT:, FROM A TY "A" DISTRICT TO AN "F" DISTRICT; (3) CHANGE LOTS NINE (9) AND TEN (10), BLOCK THIRTY-FIVE (35), DENNISON'S SUBDIVISION OF ROBERTS & MCWHORTER ADDITION, FROM A "C" DISTRICT TO AN "H" DISTRICT; (4) CHANGE AT AREA OUT OF WHEELOCK SEGOI:D ADDITION DESCRIBED AS FOLLOWS: BEGINNING AT TIE INTERSECTION OF TI-E NORTH RIGHT OF WAY•LINE OF THE FORT WORTH AND DENVER RAILROAD COMPANY AND THE CENTER LINE OF GLOBE AVENUE; THENCE NORTH TO THE INT& SECTION OF EAST n4EITTY-EIGHTH (28) STREET; THEI:CE EAST TO TT E INTERSECTION OF JUNIPER AVEIM; THENCE SOUTH TO THE INTERSECTION OF EAST THIRTY-FIRST (31) STREET; THENCE EAST TO TIM INTERSECTION OF MAGNOLIA AVENUE; TIENCE.NORTH TO THE INTERSECTION OF RAILROAD AVENNUE; THE_;CE IN A SOUTH- EASTEHLY"' DIRECTION ALONG THE CEITTER LINE OF RAILROAD AVENUE TO TIE NORTH RIGHT OF WAY LINE OF THE FORT WORTH AND DEI<!VER RAILROAD COMPANY; ITTIENCE IN A NORTHEASTERLY DMCTi6N TO THE PLACE OF BEGINNING, FROM AN "A" DISTRICT TO A "J" DISTRICT; (5) CHANGE AN AREA GUT OF WITEELOCK SECOND ADDITION DESCRIBED AS FOLLOWS: BEGINNING AT THE INTERSECTION OF EAW THIRTY- FIRST (31) STREET AND JUNIPER AVE=; ' Ti , NCE NORTH TO THE INTERSECTION CF EAST TVTNTY-EIGHTH STREET; THENCE EAST TO THE INTERSECTION OF KING AVENUE; THENCE NORTH TO TIE INTERSECTION OF RAILROAD AVENUE; THENCE IN A SOUTHEASTERLY DLDECTION TO THE INTERSECTION OF MAGNOLIA AVENUE; THENCE SOUTH TO TIE INTERSECTION OF EAST THIRTY-FIRST (31) STREET: THIEIiCE WEST TO THE PLACE OF BEGINNING, FROM AN "A" DISTRICT TO Ali "E" DISTRICT (7) CHANGE LOTS ELEVEN (11) THROUGH TWENTY (20), BLOCK SEVEN (7), AND LOTS ELEVEN (11), TWELVE (12), THIRTEEN (13) FOURTEEN (14) AIID WEST THIRTY-TWO (321) FEET OF SIXTEEIN (16), BLOCK EIGHT (8), ZUNI PARK ADDITION, FROM AN "A" DISTRICT TO A "B" DISTRICT. Notion ergs made by Commissioner Morris, seconded by Commissioner Thomas, that Ordinance No. 1041 be passed on second and final reading. This motion carried by the following vote: Mayor Whiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting AYE None Voting NAY. ORDINANCE N0, 1041 AN ORDINANCE ANIEITDING ZONING ORDINANCE NO. 661 AND THE OFFICIAL ZONING IiAP OF THE CITY OF LUBBOCK SO AS TO MAKE TEE FOLLOWING CHAITGES: (6) CHANGE LOTS 31, 32, 33, BLOCK 11 PERKINS ADDITION, FROM A "G" DISTRICT TO A "J" DISTRICT, AND LOTS 34, 35, 36, AND 13, BLOCK 1, PERKINNS ADDITION, FROM A "C" DISTRICT TO A "J" DISTRICT. Motion bgs made by Commissioner Morris, seconded by Commissioner Hufstedler that Ordinance No. 1042 be passed on first reading.. This motion carried by the following vote: Mayor Whiteside, Commissioners-Morz-is, Hufstedler, Davis and Thomas voting YEA None voting NAY ORDINANCE NO. 1042 AN ORDINANCE CLOSI-IG AND ABONING A PORTION OF COLLEGE AVENUE LYING WEST OF AID ABUTTING LOT 12 BLOCK 2 OF THE CROUGH SUBDIVISION OF ROBERTS Ai'D MCWHORTER ADDITION MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHWEST CORNER OF LOT 12, BLOCK 2 OF TI.E CROUCH SUBDIVISION OF THE ROBERTS AND I:CWHOT,TER ADDITION TO THE CITY OF LUBBOCK, LUBBOCK COUNTY, TEXAS; THENCE WEST 22.99 FEET; THENCE, NO11THEAST A DISTANCE CF 127.87 FEET TO A POINT IN A PROJECTION OF THE NORTH LINE OF SAID BLOCK 2) SAID POINT BEING 13.14 FEET WEST OF THE NORTHWEST CORNER OF SAID LOT 12, BLOCK 2 OF THE CROUCH SUBDIVISION; THENCE EAST 13.14 FEET TO TIE NORTHWEST CORNER. OF TIDE SAID LOT 12; THENCE,, SOUTH 127.5 FEET ALONG TIE WEST PROPERTY LINE OF TIE SAID LOT 12 TO THE PLACE OF BEGINNING; A D DIRECTING THE TAX ASSESSOR AND COLLECTOR TO DESIGNATE THE SAID TRACT OF LUID BY APT, OUT LOT NUTIBER FOR TAXATION PURPOSES. This being the date set to receive bids on sale of $3,000,000.00 City of Lubbock, Texas, General Obligation Bon s, Series 1951, and $774,000.00 City of Lubbock, Texas, Electric Light System Revenue Bonds, Series 1951, "Notice of Sale and ttConditions of Sale" being of record at Page 490 and 491, Minute Book 9, motion was made by Commissioner Huf'stedler, seconded by Commissioner Davis, carried unanimously, that the bids be opened sad read, whereupon the following bids were opened and read: OFFICIAL BID FORM $3,000,000 CITY OF LUBBOCK, TZ= GEITERAL OBLIGATION BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Sale". dated November 15, 1950, of $3,0002000 City of Lubbock, Texas General Obligation Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $None for bonds bearing interest as follows: January 1, 1952 through January 1, 1956 - 3 1/2% January 1, 1957 through January 1, 1979 - 2 1/2% January 1, 1980 through January 1, 1981 - 2 1/4% January 1, 19_, through January 1, 19 - This bid is for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $19495,662.50 Less Premium None Net Interest Cost $1,495,662.50 Effective Interest Rate 2.463577 Attached hereto is Cashiered - Certified Check of the Citizens National Bank, Lubbock, Texas, in the amount of $60,000.00, which is our Good Faith Deposit wELeh is submitted under the terms set forth in the "Official Notice of Salett. The National City Bank of New York Virst Southwest Company Underwood, Neuhaus & Co. The Milwaukee Company Martin, Burns & Cobbett, Inc. Thomas & Company Fridley and Hess Respectfully submitted, Roe & Company Dittmar & Company Harold S. Stewart & Company William N. Edwards & Company By /S/ FRANK J. MEDANICH Authorized Representative OFFICIAL BID BOND $32000,000 CITY OF LUBBOCK, TEXAS GENERAL OBLIGATION BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Salel 9, dated November 15, 1950, of $31000,000 City of Lubbock, Texas General Obligation Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $840.00 for bonds bearing interestes follows: January 1, 1952 through January 1, 1981 This bid is for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $1,517,775.90 Less Premium 840.00 Net Interest Cost $1,516,935.00 Effective Interest Rate 2.49861639 Attached hereto is Cashier's Check of the Citizens National Bank, amount of $60,000,00, which is our Good Faith Deposit and which is terms set forth in the "Official Notice of Sale1e. HARRIMAN RIPLEY & CO., INCORPORATED STOET & WEBSTER SECURITIES CORPORATION LEE HIGGIIIS CORPORATION] WRITE, UELD & CO. THE ILLINOIS COMPANY BLUNT ELLIS & SII-IPiONS T. Ii. JONES & COMPANY I'MNOWER, 14kCARTHUR & CO. Respectfully submitted, Lubbock, Texas, in the submitted under the WHEELOCK & CUMMINS, INC. P:CILA. TER, HUTCHINSOI: & CpIIPANY J. M. DAIN & COMPANY FIRST OF TEXAS CORPORATION AIIES, EMERICH & CO. By. /S/ WALLEY E. LAND Mgr. Municipal Dept. Authorized Representative HARRIIIAN RIPLEY & CO., INCORPORATED JOINT ACCOUNT MANAGER r1 OFFICIAL BID FORM $3,000,000 CITY OF LUBBOCK, TEXAS GENERAL OBLIGATION BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Sale", dated November 15, 1950, of $3,000,000 City of Lubbock, Texas General Obligation Bonds, Series 1951, which is attached hereto and made a Dart hereof. For your legally issued bonds, as described in said Notice, interest from date of issue to date of delivery to us, plus bonds bearing interest as follows: January 1, 1952 through January 1, 1961 - January 1, 1962 through January 1, 1974 - 2i4 January 1, 1975 through January 1, 1981 - 2 3/4o This bid is for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $11601,142.50 Less Premium - 0 - Net Interest Cost $151601,142.50 Effective Interest Rate 2.6373 we will pay you par and accrued a cash premium of $ - 0 - for Attached hereto is Cashier's - Certified Check of the First National Bank in Dallas, Dallas Texas, in the amount of $601,000.00, which is our Good Faith Deposit and which is submitted under the terms set forth in the "Official Notice of Saletl. Respectfully submitted, EQUITABLE SECURITIES CORPORATION CENTRAL INVESTI-MITT COIIANY OF TEXAS STRAMAHAN, HARRIS & COMPANY, INC T,lULLANEY, WELLS & COMPANY HIRSCH & COMITY SEASONGOOD & MAYER LULUS, EISEN & WAECYERLE, INC. C. R. WOOLSEY & COMPANY RAFFENSPERGER, HUGH'ES & COMPANY, INC. DOLL & ISPHORDING, INC. All-MICAN SECURITIES CORPORATION By /S/ J. PI. BAREER ALLISON WILLMZ CO11PA2•TY OFFICIAL BID EORI4 $3,000,000� CITY OF LUBBOCK, TEXAS GENERAL OBLIGATION BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Sale", dated November 15, 1950, of $3,000,000 City of Lubbock, Texas General Obligation Bonds, Series 1951, which is attachedlereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $1,300.00 for bonds bearing interest as follows: January 1, 1952 through January 1, 1966 - January 1, 1967 through January 1, 1968 - January 1, 1969 through January 1, 1981 - 22% January 1, _ through January 1, 19 _ - _ This bid is for all or none of the bonds. Interest cost, in accordance with theabove, is as follows: Gross Interest Cost $12512,452.50 Less Premium 1,300.00 Net Interest Cost 1,511,152.50 Effective Interest Rate 2.48909 Attached hereto is Cashier's - Certified Check of the First National Bank, Lubbock Texas, in the amount of $601,000,00, which is our Good Faith Deposit and which is submitted under the terms set forth in the "Official Notice of Sale". Respectfully submitted, Check Rec. by Dorgan 1E. Cox JOHN NUVEEN & COMPANY COLUMBIAN SECURITIES CORPORATION And Associates BY: ISI MORGAN H. COX OFFICIAL BID FORM $3,000,000 CITY OF LUBBOCI•:, TEXAS 13MTRAL OBLIGATION BOTTDS, SERIES Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Sale", dated November 15, 1950, of $3,000,000 City of Lubbock, Texas General Obligation Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $21.00 for bonds bearing interest as follows: January 1, 1952 through January 1, 1964 - 2c7% January 1, 1965 through January 1, 1967 - 24f� January 1, 1968 through January 1, 1981 - 20 This bid is for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $1,510,755.00 Less Premium 21.00 Iiet Interest Cost $1,510,734.00 Effective Interest Rate 2.4884 Attached hereto is Cashier's - Certified Check of the Lubbock National Bank Ck. 6854 Lubbock, Texas, in the amounnt of $60,000.00, which is our Good Faith Deposit and which is submitted under the terms set forth in the "Official Notice of Sale" (Agreed to the legality of the issue to be approved b-:- Iiessrs Charnpan and Cutter of Chicago wherefor we agree to pay. Respectfully submitted, FiALSEY, STUART & CO., INC. McDOUGAL AND 9101a ANY. LEHOIT,IBBOTHERS KIDDER, PEABODY & C01-H'AN_Y R. J. EDWARDS, INC. R. S. DICXSON & C011PANY2 IIICORPORATED �=EN & C01TANY PAIIdE, I-tE-t3BER, JACKSON & CURTIS COMPIERCE TRUST C011TANY BY: 181 EUGENE A DASS OFFICIAL BID FOR-1 $774,000 =-- Y OF LUBBOCK, TEXAS ELECTRIC LIGHT SYSTM-i REVEITMBOIMS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Sale", dated November 15, 1950, of 1774,000 City of Lubbock, Texas Electric Light System Revenue Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $None for bonds bearing interest as follows: January 1, 1952 through January 1, 1961 - 22-% January 1, 1962 through January 1, 1964 - 2 % January 1, 1965 throu -h January 1, 1971 - 2 This bid is for all or mnecf the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $198,332.50 Less Premium None Net Interest Cost $1982332.50 Effective Interest Rate 2.264069 Attached hereto is Cashiers Check of the Citizens National Bank, amount of $15,480,00, which is our Good Faith Deposit and which is terms set forth in the "Official Notice of Sale". FIRST SOUTHWEST 00111PANY CENTRAL REPUBLIC COMPANY THOMAS & COMPANY' ROE & COMPANY WILLIAM N. EDWARDS & COMPANY Lubbock, Texas, in the submitted under the Respectfully submitted, UPlaDEERW00D, NEUHAUS & COMPANY THE MILWAUKEE C012ANY MARTIN,HURNS & CORBETT, INC. FRIDLEY & HESS DITTIM & COMPANY HAROLD S. STEWART & COMPANY Bv: /S/ FRANK J._1,IEDAM11 Authorized Representative OFFICIAL BID FORM $774,000 CITY OF LUBBOCK, TEXAS ELECTRIC LIGHT SYSTEM REVENUE BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock Gentlemen: Reference is made to your "Official Notice of Sale", dated November 15, 1950, of $774,000 City of Lubbock, Texas Electric Light System Revenue Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, interest from date of issue to date of delivery to us, plus bonds bearing interest as follows: January 1, 1952 through January 1, 1960 - 3% Januar-• 1, 1961 through January 11 1967 - 2% January 1, 1968 through January 1, 1971 - 2 This bid is for all or mnecf the bonds. we will pay 3pur par and accrued a cash premium of $ - 1 - for Interest Cost, in accordance with the above, is as follows: Gross Interest Cost $199,365.00 Less Premium - 0 - Net Interest Cost $199,365.00 Effective Interest Rate 2.2755c` Attached hereto is Cashier's C1_eck of the I:ercantile ,National Bank, amount of $15,480.00, which is our Good Faith Deposit and which is teniis set forth in the 'Official P?otice of Sale". Respectfully submitted, PHELPS, FENN & CO. 1dEW YORK31 lWi YORI: RAUSCIER, PIERCE & CO. DALLAS, TEXAS A7-D ASSOCIATES Dallas, Texas in the submitted under the BY 181 JOE W. ELLIS Authorized Representative OFFICIAL BID FORM $774,000 CITY OF LUBBOCK, TEXAS ELECTRIC LIGHT SYSTEM REVENUE BONDS SERF 1951 December 5, 1950 Honorable Mayor and City Commissioh City of Lubbock, Texas Gentlemen: Reference is made to your '}Official Notice of Sale", dated November 15, 1959, of $774,000 City of Lubbock, Texals Electric Light System Revenue Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay;pu par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $ - 0 - for bonds bearing interest as follows: Janmary 1, 1952 through January 1, 1961 - 2-41% January 1, 1962 through January 1, 1971 - 22-1% The bid is for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $214,162.50 Less Premium - 0 - Net Interest Cost $214,162.50 Effective Interest Rate 2.44477% Attached is Cashier's - Certified Check of the Republic National Bank, of Dallas, Dallas Texas, in the amount of $15,480.00, which is our Good Faith Deposit and which is submitted under the term set forth in the 1'Official Notice of Sale% Respectfully submitted, EQUITABLE SECUTIRIES CORPORATION CENTRAL INVESTMENT COMPANY OF TEXAS STRANAHAN, HARRIS & COMPANY, INC. HIRSCH & COMPANY MULLANEY, WELLS & COMPANY LUCAS, EISEN & WAECKERLE, INC. SEASONGOOD & MAYER RAFFENSPERGER, HUGHES & COMPANY, INC. C. R. WOOLSEY & COMPANY AMERICAN SECUTIRIES CORPORATION DOLL & ISPHORDING, INC. ALLISONSWILLIAliS COMPANY BY: IS/ J. M. BARKER Authorized Representative OFFICIAL BID FORM $774,000 CITY OF LUBBOCK, TEXAS ELECTRIC LIGHT SYSM. REVENUE BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texds Gentlemen: Reference is made to'your "Official Notice of Sale°', dated November 15, 1950, of $774,000 City of Lubbock, Texas Eledtric Light System Revenue Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay you par and accrued interest from date 6f issue to date of delivery to us, plus a cash premium of $2878.00 for bonds bearing interest as follows: January 1, 1952 through January 1, 1961 - 2% January 1, 1962 through Januagyl, 1971 -22 This bid is'for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $209,325.00 Less Premium 21878,00 Net Interest Cost $2061447.00� Effective Interest Rate 2.3567 Attudtbd hereto is Cashier's - Certified Check of the Citizens National Bank, Lubbock, Texas, in the amount of $15,,18Op00 which is our Good Faith Deposit sx* w4ch is submitted under the terms set forth in the "Official Notice of Sale." Respectfully submitted, WILLIAI•: BLAIR AND COMPANY EDDLEMAN-POLLOCK COMPANY MOORE, LEONARD AND LYNCH DOMINICK AND DOMINICK FOSTER AND MARSHALL By /S/ GEO. E. BENSON Authorized Representative OFFICIAL BID FORM $3,000,000 CITY OF LUBBOCK, TEXAS GENERAL OBLIGATION BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Sale", dated November 15, 1950, of $3,000,000 City of Lubbock, Texas General Obligation Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice, we will pay you par and accrued interest from date of issue to date of delivery to us, plus a cash premium of $ - 0 - for bonds bearing interest as follows: January 1, 1952 through January 1, 1964 24 January 1, 1965 through January 1, 1973 - 4 January 1, 1974 through January 1, 1981 - Zj% This bid is for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $1,4799210.00 Less Premium - 0 - Net Interest Cost $12479,210.00 Effective Interest Rate 2.4364% Attached hereto'is Cashier's Check of the Mercantile National Bank, Dallas Texas, in the amount of $60,000.00, which is our Good Faith Deposit and'which is submitted under the terms set forth in the *Official Notice of Sale*. PHELPS, FENN &_ COMPANY NEW YORK, IdEW YORK RAUSCHER, PIERCE & COMPANY DALLAS, TEXAS AND ASSOCIATES ACCEPTANCE CLAUSE The above and foregoing bid is hereby in all things thid the 5th day of December, 1950. ATTEST: LAVENIA LMTE City Secretary Respectfully submitted, BY /S/ JOE W. ELLIS Authorized Representative accepted by the City of Lubbock, Texas, CLAREI;CE K. WHITESIM Mayor, City of Lubbock OFFICIAL BID FORM $774,000 CITY OF LUBBOCK) TEXAS ELECTRIC LIGHT SYSTED, REVENUE BONDS, SERIES 1951 December 5, 1950 Honorable Mayor and City Commission City of Lubbock, Texas Gentlemen: Reference is made to your "Official Notice of Sale", dated November 15, 1950, of $774,000 City of Lubbock, Texas Electric Light System Revenue Bonds, Series 1951, which is attached hereto and made a part hereof. For your legally issued bonds, as described in said Notice,ie will pay you par aid accrued interest from date of issue to date of delivery to us, plus a cash premium of $75,00, for bonds bearing interest w follows: January 1, 1952 through January 1, 1971 - 2 This bid is for all or none of the bonds. Interest cost, in accordance with the above, is as follows: Gross Interest Cost $197,100,00 Less Premium 75.00 Net Interest Cost $1979025.00 Effective Interest Rate 2.2491% Attached hereto is Cashier's - Certified Check of the First National Bank, Lubbock, Texas, in the amount of $15,480.00, which is our Good Faith Deposii and which is submitted under the terms set forth in the "Official Notice of Sale". Respectfully Submitted, JOHN NUVEEN & CO. COLUMBIAN SECURITIES CORP. AND ASSOCIATES By: ISI MORGAN K. COX Authorized Relr esentative ACCEPTANCE CLAUSE The above and Sbregoing bid is hereby in all things accepted by the City of Lubbock, Texas, this the 5th day of December, 1950. CLARENCE K. WHITESIDE Mayor, City of Lubbock ATTEST: LAVENIA 1&�E City Secretary RESOLUTION CONFIRMING SALE OF BONDS THE STATE, OF TEXAS X CITY OF LUBBOCK Z Z COUNTY OF LUBBOCK ON THIS, the 5 day of December, 1950, the City Commission of the City of Lubbock, Texas, convened in Special session at the regular -meeting place thereof in the City Hall, with the following members present, to -wit: CLARE14CE K. I'd iITESIDE, l•iAYOR, Presiding, LUCIAN THOMAS ) E. K. HUFSTEDLER ) COIZIISSIONLRS, L. E. DAVIS ) HARRY ItiiORRIS ) and 1,IRS. LAVEIIIA LOIfE, CITY SECRETARY, and the following absent: None, Constituting a quorum; when, among other proceedings had were the following: Commissioner Davis introduced a resolution relative to the sale of bonds of the City of Lubbock. The resolution was read in full by the City Secretqry. Thereupon Commissioner Thomas moved that the resolution. be passed and adopted. The motion was seconded by Commissioner Hufstedler, and the motion carrying with it the passage and adoption of the resolution, was unanimously carried by the following vote: AYES: Commissioners Thomas, Hufstedler, Davis and Morris, and Mayor Whiteside. NOES: None; The RESOiLUTION follows: -WHEREAS, there has been submitted to this City Commission the bid of Phelps, Fenn & Co., of New York City, New York, and ASCOCIATES, tb purchase the following described general obli,tiation tax bonds of the City of Lubbock, Texas, to -wit: $1,824,000 11CITY OF LUPBOCIi, TEXAS, '4ATER, ' SEj4-ER AND ELECTRIC LIGHT BONDS, SERIES 1951T1, dated January 1, 1951 (bein�. the first installment of a total authorized issue of $6,0587000); $1203000 11CITY OF LUBBOCK TEXAS, FIRE STATION BONDS, SERIES 1951", dated January 1, 1�51 (being the first installment of a total authorized issue of 4431,000) ; 43002000 "CITY OF LUBBOCK, TEXAS, PUBLIC LiBUARY BONDS, SLI-TIES 1951) SERIES 195117, dated January 1, 1951 (being the first installment of a total authorized issue of $p500,000); $2001000 11CITY OF LUBBOCK, TEXAS, PARK BONDS, SERFS 1951111 dated January 1, 1951 (being the first installment of a total authorized issue of $625,000); 4`75,000 "CITY OF LUBBOCK, TEXAS, STREET LIGHTING BONDS, SERII_;S 1951". dated January 1, 1951 (being the first install- ment of a total authorized issue of $1$$,000); $3701000 TICITY OF LUBBOCK, TEXAS, STORM SEWER BONDS, SERIES 195111) dated Januaryl, 1951 (being, the first installment of a total authorized issue of $500,000); $111,000 t1CITY OF LUBBOCK, TEXAS, EQUIPMENT -STORAGE AND GARAGE BUILDING BONDS, SERIES 195111, dated January 1, 1951; at a price of par and accrued interest to date of delivery; and Whereas, this City Commission, upon advice and consideration, finds that the said bid of PHELPS, FENN & CO., and ASSOCIATES, for the purchase of said bonds at the price of par and accrued interest to date of delivery, was the highest and best bid received by this City Commission in respect of the purchase of said bonds; and WHEREAS, there has been submitted to this Citv Commission the bid of JOHN NUVEEN & CO., of Chicago, Illinois, and ASSOCIATES, to purchase the following described revenue bonds of the City of Lubbock, Texas, to -wit: 0774,000 T1CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT SYSTEi•I REVENUE BONDS, SERIES 1951T1, dated January 1, 1951 (being the tr�ird and final parcel or installment of a total authorized issue of $p4)924,000 ) at a price of par and accrued interest to date of delivery, plus a premium of �7 rvAOO -- and WHEREAS, this City Commission, upon advice and consideration, finds that the said bid of JOHN NUVELN & CO., and ASSOCIATES, for the purchase of said bonds at the price of par and accrued interest to date of delivery, plus a premium of $75.00, was the highest and best bid received by this City Commission in respect of t1Le purchase of said bonds; therefore BE IT RESOLVED BY THE CITY C01,11ISSION OF THE CITY OF LUBBOCK: I. That t rebid of PHELPS, FE�:IN 8 CO. , of New York City, New York, and ASSOCIATES, for the purchase of the following described general obligation tax bonds of the City of Lubbock, Texas, at a price of par and accrued interest to date of delivery, shall be and the same is -hereby accepted, said bonds being as follows, to -wit: (1) 011824,000 "CITY OF LUBBOCK, TEXAS, '�IATEH, SEVER AI.D ELECTRIC LIGHT BOl:DS, SERIES 195111, dated January 1, 1951, (being the first instal- ment of a total authorized issue of y6,058,000 bonds voted at an election held for that purpose in said City on the 26th day of September, 1950), numbered consecutively from 1 to 1824, both inclusive, in denomination of $1,000 each, due and payable seriallon January lst in each of the years as follows: 024,000 1952 and 1553, 425,000 1954, $26,00o 1955 and 1956, �27,000 1957; 2C, 1958 and 1959, 2;2000 1960, $30 000 1961; $312000 1962 and 1963, $32,000 1964; $33,000 19652 �34,000 1961 and 1967, $35,000 1968, 361000 19692137;000 1970, $38,000 1971, $lo8,000 1972, $111,000 1973; 114,000 1974, 117,000 1975, $120 000 1976) $123,�00 1977, $1261 000 1978, 1129)000 1979, 1322000 1980, and 436,000 1981; Bonds Numbered 1 to 361, both inclusive maturing on January lst in each of the years 1952 and 1964, both inclusive, and Bonds Numbered 828 to 1824, both in=sive, maturing on January lst in each of the years 1974 and 1981, both inclusive, bear interest at the rate of 21% per annum, and Bonds Numbered 362 to 827, both inclusive; maturing on January lst in each of the years 1965 to 1973, both inclusive, bear interest at the rate of 21,% per annum, such interest bein,payable on January 1, 1952, and semi-annually thereafter on July lst and January lst in each year, both principal and interest bein- payable at the CHE1,1ICAL BANK AND TRUST COT.-IPANY, I:LW Y0111)1, NEW YORK, or at the option of th;. holder at the CITIZENS NATIONAL BANK, LU OCK, TEXAS. (2) $p1201000 "CITY OF LUBBOCK, TEXAS, FIRE STATION BONDS, SERIES 1951TT, dated January 1, 1951, (being the first installment of a total author- ized issue of $431 000 bonds voted at an election held for that purpose in said City on the 26th day of September 1950) numbered consecutively from 1 to 120, both inclusive, in denomirtion,of $1,000 each, due and payable serially on January lst-in each of the years as follows: $210.0 1952 to 1971, „7,000 1972 to 1974, �.8,000 1975 to 1978, and 49,000 1979 to 1981, all inclus- ive; Bonds Numbered 1 to 26, both inclusive, maturing on January lst in•each of the years 1952 to 1964, both inclusive, and Bonds Numbered 55 to 120, both inclusive, maturing on January lst in each of the years 1974 to 1981, both inclusive, bear interest at the rate of 22o per annum; and Bonds Numbered 27 to 54, both inclusive maturing on January lst in each of the years 1965 to 1973, both inclusive, bear interest at the rate of 210 per annum, such interest being payable on January 1, 1952, and semi-annually thereafter on July lst and January lst in each year, both principal and interest being pay- able at the CHEIiICAL BANK A"D TRUST C„1,&ANY, I'-EW YORK, P;EW YORK, or at the option of the holder at the CITIZENS NATIONAL BAPqK, LUBBOCK, TEXAS. (3) $300,000 "CITY OF LUBBOCK, TEXAS, PUBLIC LIBNARY BONDS, SERIES 1951111 dated January 1, 1951, (being the first installment of a total author- ized issue of $500 000 bonds voted at an election held for that purpose in said City on the 2�Zh day of May, 1947) numbered consecutively form 1 to 300, both inclusive, in denomination of $1,000 each due and payable serially on January lst in each of the years as follows: 4.9,000 1952-to 1955, $10,000 1956-to 1959, yp11,000 1960 to 1962, $12,000 1963 to 1966, $13,000 1967 to 19692 $14,000 1970 to 1972, $15,000 1973 and 1974, and $16,000 1975 and 1976, all inclusive; Bonds Numbered 1 to lA both inclusive, maturing on January lst in each of ti-le years 1952 to 1964, both inclusive, and Bonds Numbered 254 to 300, both inclusive, maturing on January lst in each of the years 197LP to 1976, both inclusive, bear interest at the rate of 22f per annum; and Bonds Numbered 134 to 253, both inclusive, maturing on January lst in each of the years 1965 to 1973, both inclusive, bear interest at the rate of 24o per annum, such interest being payable on January 1, 1952, and semi-annually thereafter obi July lst and January lst in each year, both principal and interest being pay- able at the CHEMICAL BANK &-. TRUST CC11PANY, NEW YORK, NEW YORK, or at the option of the holder at the CITIZENS NATIONAL BANK, LUBBOCK, TEXAS. (4) $200,000 TT CITY OF LUBBOCK, TEXAS, PARK BONDS, SERIES 1951112 dated January 1, 1951 (being the first installment of a total authorized issue of $625,000 bonus voted at an election held for that purpose in said City on the 26th day of September, 1950), numbered consecutively from 1 to 200, both inclusive, in denomination of $1,000 each, due and payable serially on January lst in each of the years as follows: $3 000 1952 to 1964, $4,000 1965 to 19712 $12,000 1972 and 1973, 0131000 1974 to 1�77 $142000 1978 to 1980, and $15,000 1981, all inclusive; Bonds Numbered 1 to 3� both inclusive, maturing on January lst in each of the years 1952 to 19641 both inclusive, and Bonds Numbered 92 to 200, both inclusive, maturing on January lst in each of the years 1974 to 1981, both inclusive, bear interewt at the rate of 2.1' per annum; and Bonds Numbered 00 to 91, both inclusive., maturing on January lst in each of the years 1 $ to 1973, both inclusive, beyr interest at the rate of 2�.% per annum, such interest being payable on January 1, 1952, and semi-annually thereafter on July lst and January lst in each year; both principal and interest being payable at the CnEiyiICAL BALK & TRUST COi1FAI;Y, 1,EW YORK, NEW YORY, or at the option of the holder at the CITIZENS NATIONAL BAH, LUBBOCK, TEXAS. (5 ) $75,000 "CITY OF LUi-,BOCK, TEXAS, STREET LIGHTING BONDS, SERIES 1951111, dated Januar 1, 1951 (bein~ the first installment of a total authorized issue of il88,000 bonds voted at an election held for that purpose in said City on the 26th day of September, 1950, numbered consecutively from 1 to 75, both inclusive, in denomination of $1,000 oath, due and payable serially on January lst in _.ach of the years as follows: �`1,000 1952 to 1966, v22000 1967 to 1971, $4,000 1972, 01000 1973 to 1910, and $6,000 1981, all inclusive; Bonds Numbered 1 to 13, both inclusive, maturing on Januaty lst in each of the years 1952 to 1964, both inclusive, and Bonds Numbered 35 to 75 both inclusive, matur- ing on January lst in each of the years 1974 to 141, both inclusive, bear interest at t-.'e rate of 22% per annum, and Bonds Numbered 14 to 34, both inclusive, maturing on January lst in _ach of the years 1965 to 1973, both inclusive, bear interest at -the rate of 2'% per anrlum, such interest being payable on January 1, 1952, and semi-annually thereafter on July lst and January lst in each year, both principal and interest being payable at the CHEIiICAL BAIjK & TRUST COEPANY, hEW YORK, NEW YORK, or at the option of the holder, at the CITIZENS NATIONAL BANK, LU:_-BOCK, TEXAS. (6) 43701000 "CITY OF LUBBOCK, TEXAS, STORL SEWER BONDS, S,=ES 15;511t, dated January 1, 1951, (being the first installment of a total authorized issue of $500,000 honds voted at an election held for that pur- ,�,-pose in saip City on the 26th day of September, 1950), numbered consecut- ivley from 1 to 370, both inclusive, in denomination of $1,000 each, due and payable serially on January lst in each of the years as follows: $5,000 1952 to 1957, $62000 1958 to 1964, 472000 1965 to 1969, $8)000 1970 and 1971, 8222000 19722 �23,000 1973 and 1974, $24,000 1975 and 1976, 425,000 1977) 26)000 1978 and 1979, and $27,000 1980 and 1981, all inclusive; Bonds Numbered 1 to 72 both inclusive, maturing on January lst in each of the years 11,,52 to 19t4, both inclusive, and Bonds Numbered 169 to 370, both inclusive, maturing on January lst in each of the years 1974 to 1981, both inclusive, bear interest at the rate of 22 % per annum; and Bonds Numbered 73 to lo$ both inclusive, maturing on January lst in each of the years 19a5 to 1173, both inclusive, bear interest at the rate of 21% per annum, such interest being payable on January 1, 1952, and semi-annually thereafter on July lst and January lst in each year, both principal and interest being payable at the CHEMICAL BANK & TRUST CO1IPANY, NEW YORK, NEW YORK, or at the option of the holder, at the CITIZENS NATIONAL BANK, LUBBOCK, TEXAS. (7) qlp�111,000 11CITY OF LUBBOCK, TEXAS, EQUIPMENT -STORAGE; AND GARAGE BUILDING BONDS, SERIES 1951". dated January 1, 1951,'numbered consecutively from 1 to 111, both inclusive, in denomination of $1,000 each, due and pay- able -serially on January lst in each of the years as follows: $1,000 1952 to 1954) $2,000 1955 to 1971, $7,000-1972 to 1977, and $8,000 1978 to 1981, all inclusive; Bonds Numbered 1 to 23, both inclusive, maturing on January lst in each of the;ears 1952 to 1964, both inclusive bear interest at the rate of 21% per annum; and Bonds Numbered 24 to 51 both inclusive, maturing on January lst in each of the years 196> to 1�73, both inclusive, bear interest at the rate of 21,% per annum, such interest being payable on January 1, 1952, and semi-annually thereafter on July lst and January lst in each year, both principal and interest being payable at the Chemical BANK AID TRUST CGAiPANY, NEW YUHK, NEW YORK, or at the option of the holder, at the CITIZENS NATIONAL BANK, LUBBOCK, TEXAS. II. That said bonds are hereby declared to be sold, and the same are on this date sold, to the said PHELPS, FENI4 & CO., of New York City, New York, and ASSOCIATES, at the price of par and accrued interest to date of delivery. That the bid of JOHN NUVEEN & CO., of Chicago, Illinois, and ASSOCIATES, for the purchase of the following described revenue bonds of the City of Lub'_,ock, Texas, at a price of par and accrued interest to date of delivery, plus a pre - ,, mlum of `75(,00, shall be, and the same is hereby accepted, said bonds being as follows, to -wit: $774,000 "CITY OF LUBBOCK, TEXAS, ELECTRIC LIGHT SYSTEM 1EVENUE BONDS, SERIES 195111, dated January 1,-1951 (being the third and final installment of a total authorized issue of $4,924,000 bonds voted at an election held for that purpose in said City on the 2nd da;r of December, 1947), numbered consecutively from 1 to 774, both inclusive, in denomination of $1,000 each; due and -payable serially on January lst•in each of the years as,follows: §30,000 1952; §31,000 1953, �32)000 1�54, 33,000 1955, and 1956, v'�'34,000.1957, 35,000-195$, 36,000 1959, 07 000 1960, 3� 000 1961 <� 2 �' 0 000 19 3 ��4 $39,000 . 2 $4 , , $41 000 lr , 4z,0o0 1�b5, �43,000 1966, 44,000 1967, N45,o00.19682 v?46,000 1�69, y;-47,000 1970 and 448,000 1971; Bonds Numbered 340 to 774, both inclusive, maturing on January lst in -.ach of the years 1962 to 1971, both inclusive, are redeemable in Whole or in part, on January 1, 1961, or on any interest payment date there- after, at par and accrued interest; all of said bonds bear interest at the rate of 21% per annum, payable on July 1, 1951, and semi-annually thereafter on January lst and July 1st in each year, both principal and interest being payable at the Ai��ERICAN NATIONAL BANK AND TRUST COMPANY OF CHICAGO, CHICAGO, ILLINOIS. IV. That said bonds are hereby declared to be sold, and the same are on this date sold, to the said JOHN NUV;EPa & COS, of Chicago, Illinois, and ASSOCIATES, at the price of par and accrued interest to date of delivery, plus a premium of $75.00. PASSED AI4D APPROVED, this the 5 day of Z3ecember, 1950. CLARE14CE K. WHITESIDE Mayor, City of Lubboc , Texas ATTEST: L_"VENIA LOWE City Secretary, City of Lubboc Texas. (City Seal) After consideration of all bids, motion was made by Commissioner Hufstedler, seconded by Commissioner Thomas, that the bid of Phelps, Fenn and Company, Rauscher, Pierce and Company and Associates, be accepted for purchase of the $3,000,000 City of Lubbock, Texas, General Obligation Bonds, Series 1951. This motion carried by the following vote: Mayor Whiteside, Commissioner Morris, Hufstedler, Davis and Thomas voting YEA None Voting NAY. Motion was made by Commissioner Hufstedler, seconded by Commissioner Davis, that the bid of John Nuveen & Company, Columbian Securities Corp. and associates, be accepted for the purchase of the $774,000 City of Lubbock, Texas Electric Light System Revenue Bonds, Series 1951. This motion carried by the following vote: Mayor Whiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting YEA None voting -NAY. Motion by Commissioner Morris, seconded by Commissioner Thomas, that Application of Rev. Travis A. White, Chairman of The Salvation Army Advisory Board of Lubbock to install a 'Kettle House° in the 1000 Block near the alley on Broadway, in front of Levin4s Dept. Store, begranted. The wKettle House" to be operated to be operated from December llth to December 23, 1950. This motion carried by the the following vote: Mayor Whiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting YEA... None Voting NAY. Motion by Commissioner Morris, seconded by Commissioner Hufstedler,-that South College Avenue from the end of present paving to 50th Street be added to the paving program and be included in the next paving contract. This motion carried by the following vote: Mayor Whiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting YEA. None voting Nay The county to extend the pavement one or two miles South of 50th Street. Motion by Commissioner Hufstedler, seconded by Commissioner Davis, to approve Change Order No. 3'to R. B. Hodgson and Company Contract of date February 6, 1950, G.W.O. #491, covering construction of Waterworks Improvements. This change order to provide for construction of eleven (11) Manholes in the Water supply and collector lines. Original amount of Contract: $238,765.39. This change order to add $3,117:12. This motion carried by the following vote: Mayor Whiteside, and Commissioners Morris, Hufstedler, Davis and Thomas voting YEA. None voting Nay. Motion bas made by Commiissioner Davis, seconded -by Commissioner Thomas, to authorize Vaughn E. Wilson, City Attorney, to defend L. L. Pettit, Electric Inspector, in suit filed by Mr. Gene White, for $35,000.00. This motion carried by the following vote: Mayor Whiteside, Commissioners Morris, Bufstedler, Davis and Thomas voting YEA. None voting NAY. Request was received from Mr. J. C. Hunsaker, District Manager of American National Insurance Company, to remove 26 linear feet of curb at 1610 Avenue H, to permit head -in perking. It being 14 feet from back of present curb to sidewalk. Motion was made by Commissioner Morris, seconded by Commissioner Thomas, to reject this request. The motion carried by the following vote: Mayor Whiteside, Commissioners Morris, Thomas and Davis voting YEA. Commissioner Hufstedler voting NAY. Bids as follows were read on purchase of 50,000 Linear Feet of 311 Transite Water pipe and 50,000 Linear Feet of 2J" Cast Iron water pipe: Johns Manville Pipe Company - 3" Transite Pipe, .66 per Foot McWane Cast Iron Pipe Company- 24"`Cast Iron Pipe .58 per foot U. S. Pipe & Foundry Co. - 3" Transite Pipe .85¢ per foot After consideration of bids, motion was made by Commissioner Hufstedler, seconded by Commissioner Morris, that the bid of Johns Manville Pipe Co. be accepted for purchase of 50,000 Ft. of 30 Transite Pipe, and that the bid of McWane Cast Iron Pipe Co. be accepted for purchase of 50,000 Feet of 2" Cast Iron pipe. This motion carried by the following vote: Mayor Whiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting YEA. Pi one voting NAY. Bids as follows were read on purchase of Transformers for the Electric Department, being bid No. 2179. Bid #2179 Southwest Anderson 11/29/50 Nelson Electric Young Gravbar A&A Supply Nunn Elec. Make Allis Chal. (Maloney) (Wagner) (Gen. Elec) (Standard) (Uptigraph) 6 - 10KVA 60 cyc. SPH, 4160/7200 Y 120/240 dist. trans. with tap, hangers TYPE DISC, conventional 3 - 25 KVA, Ditto 6 - 372, KVA, Ditto 9 - 10KVA 60 cyc SPL, 13200 120/240 volt Dist Trans. with 4 2-�% tap TYPE 01SC conventional 6 - 15 KVA, Ditto 6 - 25 KVA, Ditto Hangers for 15 KVA Ha gvrs fob 25 KVA Hangers for 37-- KVA Delivery Terms F 0B Escalator 163.40 10* 0 160.60 163.40 152.00 163.00 291.54 291.54 286.54 291.54 ,271.00 291.0.0 376.65 376.68 370.66 376.68 350.00 377.�,0 2o6.40 2o6.40 204.37 206.40 192.C,0 2o6.00 258.00 258.00 258.c:o 258.00 240.00 258.00 343.14 343.14 343.14 343.14 319.00 343.00 Feb.151 Part SK 12/18 wk 1-31 16/18 75/120 da to 10 Wk wk. 4-1sk, bal 6, 5-1 sk bal 3 wk 6-16wk Net Net Net Net Net Lub. Lub. Lub, Lub. Lub. 10% 10% 10%' 10% 10% Bid E2179- Continued C.B. 11-29-50 Cummins Cummins Ander Make (Maloney) (Uptigraph (L M) 6 - 10KVA 60 cyc SPH, 4160/7200 Y 120/240 dirt. trans. with tap hangers TYPE 01SC, conventional 3 - 25 DVa, Ditto 6 - 3?h , KVA, Ditto 9 - 10KVA 60 cyc SPL, 13200 120/240 volt Dist Trans. with 4- 2j% tap TYPE 01SC conventional 6 - 15 KVA, Ditto 6 - 25 KVA, Ditto Hangers for 15 KVA Hangers for 25 KVA Hangers for 37-2- KVA Bell -very General Westin.ahouse Electric (W H) y (G E) 25/100 KVA-4/7 mo. small 14 mo. Net Lub. 10% (A C Elec. Supply '(Wagner) 163.40 163.00 163.40 10.40 163.40 163.40 163.40 291.54 291.00 291.54 291.54 291.54 291.54 291.54 376.68 377.00 376.68 376.68 376.68 376.68 376.68 20 6.40 206.00 206,40 206.40 206.40 219.30 206. 258.00 258.00 298.00 258.00 258.00 274.34 258. 343.14 343-C O 343.14 343.14 343.14 364.64 343. Sk to 25/100 KVA 1-4 - V Comp. in 4/7 Mo. 10 mo, 5- 10 wk Smaller 6 stock 12 Mo. 120 da Terms Net Net Net Net F 0 B Lub. Lub. Lub. Lub. Dscalator 100 10% 10% 10% 1,2,3- 16/18 wk 4 stock 6 Rk bal 16 wk, 5-1 sk 3 wk bal 16 wk, 6-16 wk Net Lub, 10p 20 wk Net Lub. 10% Star wk, 18 w; Net Lib. 10% After consideration of all bids, motion was made by Comnissioner Hufstedler, seconded by Commissioner Davis, that bids as follows be accepted: Bid of Anderson -Young to be accepted for purchase of 6-3i! KVA; 3-25 KVA, 6-37 1/2 KVA, 60 Cycle, SPH, 4160/7200 Y 120/240 Dist. transformers, also 9 - 10KVA 60 Cycle, SPL, 13200 120/240 volt Distribution'transformers and that the bid of C. B. Anderson Company be accepted for the purchase of 6 - 15 KVA and 6-25 KVA 60 cycle, SPL, 13200 120/240 volt distribution transformers. This motion carried by the following vote: Mayor Whiteside, Commissioners Hufstedler, Morris, Davis and Thomas voting YEA. None voting NAY. The bid on Uptigraph and Standard transformers was not accepted because of the City not being able to obtain spare parts, and information being secured by the City being that the trans- formers would not stand an overload, which is, at times required in the City's operation. Bids as'follows were read on purchase of Transformers for the Electric Department, being Bid No. 2180. SouthVest Electric BID #2180 Rravbar Electric Cummins Sup-Oly Westinhouse Nunn Make (G E (Maloney) (Maloney (Wagner) ( W S ) (Uptigraph) Uptigraph) 24 - 5 KVA, 60 CSP 240OA16U Y 120/240 Volt Dist. Trans 98.04 98.04 98.04 98.04 98.04 98.00 98.00 150 - 10 KVA, Ditto 149.64 149.64 149.64 149.64 149.64 149.00 149.00 90 - 15 KVA, Ditto 190.06 190.06 190.06 190.06 190.106 190.00 190.00 40 - 25 KVA, Ditto 264.02 264.02 264.02 264.02 264.102 264.00 264.00 6 - 3'7-2- KVA, Ditto 344.00 344.00 344.00 344.00 344.00 344.00 344.00 10 - 50 KVA, Ditto, 413.66 413.66 413.66 413.66 413.66 413.00 No.' Han. 413.00 6 - 75 KVA, Ditto, 552.12 552.12 552.12 552.12 552.12 552.00 No. Hang. 552.00 Delivery sk to as ak to 10 Maloney sk 10 KVA 120 da. 10 KVA needed wk to 10 wk, smaller 4/7 mo. Uptigraph start 12 Uptigraph 15 KVA small wk; 15 15 14 mo. er com. 12 KVA larg- mo. larger er start 4/7 mo. 18 wk. Terms Net Net Net Net Net Net F 0 B Lub. Lub. Lub. Lub. Lub. Lub. Pricing: 10% 10% 10% 10% 10% 10% Bid #2180- Continued 24 5 KVA, 60 'CSP 240OA160 Y 120/240 volt Dist.' trans. 150- 10 KVa, 'Ditto 90 - 15 KVA, Ditto 40 '- 25 KVA, 'Ditto 6 - 37-21- KVA, Ditto 10'- 50 KVA, 'Ditto, No. Han. 6 - 75 KVA, Ditto, No Han. Delivery: Terms: F 0 B Pricing Bi ham C. B. Anderson Anderson Youn Gen. E ec Nelson ( A C L M (Wagner) G E ( A C) 98.04 98.04' 98.04 98.04 98.04 149.64 149.64' 149.74 149.64 149.64 190.06 190.06. 189.99 190.06 190.06 264.02 264.02' 262.02 264.02 264.02 344.00 344.00 340.57 344.00 344.00 413.66 413.66' 409.46 413.66 413.66 552.12 552.12 552.12 552.12 552.12 Start 1-60 day; 12/18 wk 1. 18-6 wk Jan. 151 18 wk ' 2- 4Am' ' complete Stock, 12 ' 25 wk. Jan 51, 26 Feb 51, 26 thereafter; 3-15 Feb 51, 16 per mo. 1 J Mar 51, 18 thereafter; 5. 2 Tulaa; 6. 3 Tulsa;3 Mar 51; 4 Apr 51; 7; 3 Jan 51 3 - Mar 51, Net Net Net Lub. Lub. Lub. 10% 10% 10% 4-8 wk. 2-12 2. 20 wk, 50- 8 wk, Bal 19 per wk- 16 wk 3. 3-4 wk, 10- 10 wk, 10 pr wk 16 wk; 4. 13- 4 wk, 10-7 wk, 10 pr wk, 16 wk 5. 6-11 wk, other 18 wk. 6. 6-7 wk, 4-8 wk, other 18 wk; 7. 1-5 wk, 1-4 wk,' 4-5 wk, other 17 wk Net Net Lub. Lub. 10% 10% After consideration of all bids, mot&on was made by Commissioner Hufatedler, secondediby Commissioner Davis, that bids of GrA.*bar Electric Company, Southwest Electric Company, Gamins Electric, C. B. Anderson, General Electric and Nelson Electric, be accepted for purchase of approximately 810,329.14 from each firm, the bias having been identiral--ifi'.= price, and_very.little,didference in deliv-bry'dateb. This motion carried by the fo bwy ing vote: Mayor Whiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting YEL None voting NAY* Bids as follows were read on purchase of Transformers for the Electric Department being Bid #2181 General C. B. Bid #2181 Nelson GraYbar Electric Westinghouse Anderson Nunn Elec {A C) G E { G E7 W H) { L M) (Uptigrap 16 - 5 KVA 7200/12470 Y 120/240 Dist. Trans 117.82 ll'.82 117.82 117.82 117,82 117.00 58 - 10 KVA, Ditto 185.76 185.76 185.76 185.76 185.76 185.00 45 - 15 KVA, Ditto 237.37 237.36 237.36 237.36 237.36 237.00 20 - 25 KVA, Ditto 325.08 325.08 325.08 325.08 325.08 325.00 4 - 3* KVA) Ditto 423.98 423.98 423.98 423.98 423.98 424.00 6 - 50 KVA, Ditto 505.54 506.54 506.54 506.54 506.54 506.00 2 - 100 KVA, Ditto 801,52 801.52 s 801.52 801.52 ' 801.52 801.00 Delivery Dec & Jan Part wk 1-5 wk;2= 120 da. 1.60 da 5/15 KVA bal as 22-5Wk;12 2.3.4.7 14 mo. 25 needed' 7wk, lOpr /9 mo 5. up 4/7 m o 1-5 wk-16 wk-16 wk; Feb 1 Mar wk; 2-22 3 4 wk, 25- 1 Apr 1 5 wk, 12-7 3wk, 10- May 1; 6. wk, 10-`16 4wk, 4-11 2-7 wk,1 wk; 3-4wk wk, 10 pr Feb 1, 1 25-3wk,'10 16wk; 4= liar 1; 7. 4 wk,4-�l 2wk bal 4 Indefinite wk4-16'wk; wk;5-9 wk 4-2 tex,bal 6- 4-5 wk 4 wk; 5-9 wk; bal 18 wk; 6 - 4/5 wk; 7- 7 wk. 7- 7 wk. Terms Bet Net Net Net Net Net F 0 B Lub. Lub. Lub. Lub. Lub. Lub. Pricing: 10% 10% 10% 10% 10% 10% Bid #2181 Continu&d Eldctric Anderson Cummings S.W. Elec, Supply Bigham A & A Young Maloney Uptigraph Pialoney Wagner A C Standard Wagner 16- 5 KVA 720G/12410 Y 120/240 Dist, Trans LL$.82 117.82 117.82 117.82 109,00 117.78 117.00 58- 10 KVA, Ditto 185.76 185.76 185.76 185.76 172.00 181.76 185.60 ' 45 - 15 KVA, Ditto 237.36 237.36 237.36 237.36 220,00 220.20 237.00 20 - 25 KVA, Ditto'_ 325.08 325.08' 325.08 325.08 302.00 323.08 ' 325.00 4 - 372- KVA, Ditto' 423.98 423.98' 423.98 423.98 394,00 1:19.74 1,.24.00 6 - 50 KVA, Ditto' 506.54 506:.54 506.54 506.54 471.00 500.52 506.00 2 - 100 KVA, Ditto 801.52 801.52 801.52 801.52 745,00 801.52 801,00 Delivery Maloney Stock 10 KVA Start 75/120 12/18 wk to 10 to 10 & Small 18 wk da�,s wks. wk. Upti. wk et, start complete graph 5/ 12 wk; 15 25 wk. 15 KVA 12 up ttart mo. 25 up 18 wk. 4/7 mo. Terms: Net Net Net Net Net Net F, 0, B, Lub. Lub. Lub. Lub. Lub. Lub. Pricing: 10% 10% 10% 10% 10% 10% Pricing 10 days: After consideration of all bids, motion was made by Commissioner Hufstedler, seconded by Commissioner Davia,that bids of Nelson Electric, Graybar Electric Company, General Electric Supply, C. B. Anderson, Cummings Electric Company, (on the Maloney Transformers) and Southweste2n Electric, be accepted for purchase of approximately $6,030.03 from each firm, the bids having been identical, and delivery dates of all being satisfactory. This motion carried by the following votes Mayor Vhiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting YEA. None voting NAY. It being consiclordd that the Uptigraph and Standard Transformers were not satisfactory to the City's operation because of spare parts being hard to purchase and information secured by the City being that said transformers would not stand an overload, which at times is required in the City's operation. Bids as follows were read on purchase of Electric Wire for the Electric Departments Anderson Electric G•. E. Western C. B. Bid 112182 Young Supply Cummins W H Graybar Jones Electric Anderson (CL) (CL) 14,000 - 3500 lb. #8 Solid MHD wp .3849 .3949 .3919 .3594 .3594 .3594 .3590 .3749 402000 - 10000 1b #6 Bare S WHD 0326 .3461 .3432 .3348 ' .3348 .3348 .3047 .32�16 12 4,000- 31000 lb #4 Bare S MHD .3301 .3436 .3407 .3323 .3323 .3323. .3027 .3186 20,060 - 5000 lb. #4 /0 7 Strand .3465 .3600 .3518 .3488 .3488 .3488 .3166 .3360 10,000 - 25000 lb #6 Solid MHD WP .3674 .3774 .3744 .3464 .3464 •3464 .3415 .3574 10,000 - 2500 lb. #4 Solid MHD wp .3614 .3714 .3684 .3419 .3419 .3419 .335 .3414 5,000 - 1250 lb. #4 /07 st. WHD wp.3448 .3548 .3526 .3419 .3419 .3419 .31 .3348 40,000 - 10500 lb. #2 Solid Bare " .3291 .3426 .3397 .3313 .3313 .3313 .3017 .3176 FOB: Lub. Lub. Lub. Lub. Lub. Lub. Lub.! I Lub. Terms: 2 -0 0 2% Pricing: T.of Ship . T of S T of S T of S T of S T of S T of S T of S Delivery Estimate #8-6-4 June 151 Based on 6/8 mo. Based on 3rd ;Dart 34d Pt of to Start WP in 12/ unless Avail- depending Avail- of 151 151 April 151 14 wks. do rat- ability on avail- ability with 30, bal. no ing can of raw ability of raw 000 lb. & quote. be sup- mat. of raw ;_at. finish in If less plied mat. May. 30, than CL 000 lbs. add .53 min. order CWT, for on ship. 10;000 lh; 63 cwt, for 50,000 lbs. .75 for car load Unable to Bid: Okenite Co., R. & R. Supply, SfrdE, C. G. Maxey, A & A Supply, Tenn. C. I. & RR Co. No bid received fromi G.E. Supply, Nunn Elea., Nelson Elea. After consideration of all bids, motion was made by Commissioner Hufstedler, .seconded by Commission er Morris, that the recommendation of the City Manager be accepted and that purchase be made gs follows: Approximately $13,016.60 from Electric Supply Corporation Approximately 18,252.50 from AndersonrYoung Approximately 18,809.00 from Cummins Electric Co. Approximately 16,728.00 from Western Electric Co. Approximately 17, 630.00 from C. B. Anderson Electric This motion carried by the following votes Mayor Whiteside, Commissioners Morris, Hufstedler, Davis and Thomas voting YEA None voting NAY. No further business coming up for consideration the City Commission adjourned 8th December Read and approved this the day of , 1950. ATTEST: MAYOR i CITY SECRETARY