The Courier News from Blytheville, Arkansas on September 2, 1966 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

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Blytheville, Arkansas
Issue Date:
Friday, September 2, 1966
Page:
Page 3
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Blythevim (Ark.) Courlw Nmn - Frldty, September J, 1M6- Pij* fltt NOTICE Of SALE I fll3,M» CITY OF BLYTHE- WLLE, ARKANSAS tiENERAt, ! OBLIGATION INDUSTRIAL DEVELOPMENT BONDS V DATED JANUARY I, 1968 .'I: The City of Blytheville, Arkan- Mi (called "City") hereby gives notice that there will be sold oh auction bids at the time and place specified below a proposed issue of $113,000 in principal amount of General Obligation Industrial Development Bonds, dated January 1, 1968 (called •'bonds"). Interest on the bonds Will be payable semiannually on January 1 and July 1 of each year (with the first interest pay- hient to be for the period end- Ing January 1, 1967 which will •be represented by Coupon No. "2) and the bonds will mature annually on January 1 of each year as follows, but will be subject to redemption prior to maturity as hereafter set forth: YEAR AMOUNT $3,000 3,000 4,000 4,000 4,000 4,000 5,000 5,000 5,000 5,000 5,000 6,000 6,000 6,000 7,000 7,000 8,000 8,000 9,000 9,000 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 ' 1983 1984 1985 1986 1987 1988 The bonds will be general obligations of the City to the payment of which the City will pledge its full faith, credit and taxing power, including particularly a continuing annual tax of seven-tenths (.7) of a mill on the dollar of the assessed valuation of the taxable real and personal property of the city. In this regardj the assessed valuation of the real and personal property for the year 1965, the latest assessment of record, is $16,163,750. . The bonds are being issued for the purpose of securing and developing industry and the industrial program will consist of acquisition of lands; the installation and construction of necessary utility lines and service, roads, streets and other necessary facilities for the proposed development of the lands for securing and developing of industry; and other improvements, facilities and expenditures necessary or incidental to the full utilization of the lands, improvements and facilities for the securing and developing of industry. The bonds will be subject to redemption prior to maturity in inverse numerical order at a price of par and accrued interest, as follows: from surplus | proceeds of the continuing annual tax (being tax proceeds . over and above the amount ne- j cessary to insure the prompt | payment of the principal of and interest on the bonds as the same become due) on any interest payment date; from funds from any source on any interest payment date on and after January 1, 1971. It will be provided in the ordinance authorizing the issuance of the bonds that surplus tax proceeds, defined above, must be used from time to time on each interest payment date as and to the extent available to redeem bonds prior to maturity. The expenses of the issue, in- STEEL SHINGLES for roofs of public buildings may be the coming thing. In addition to providing extra eye appeal for large structures stainless steel shingles result in a roof that lasts as long as the building and is virtually maintenance free, according' to Steel Facts magazine. Shingles above are being applied to the roof of a Leech* burg, Pa., church. eluding the expenses of printing and trusteeing the bonds, and the fee of Smith, Williams, Friday & Bowen, Little Rock, Arkansas, Bond Counsel, upon whose approving opinion the bonds will be issued, will be paid by T. J. Raney & Sons, Little Rock, Arkansas the City's fiscal agent. The purchaser of the bonds may name the Paying Agent. Supplemental and dual coupons will not be permitted but the purchaser shall have the privilege of converting the bonds to an issue bearing a different rate or rates of interest with any conversion to be in compliance with the Universal Bond Values Table and upon such terms that the City receive no less and pay no more than it would receive and pay if the bonds were not converted, with any conversion to be subject to the approval of the City Council and.the bank authenticating the bonds. Bidding will be on the basis of a single interest rate and no bid of less than par and accrued interest (with accrued interest to run from July 1,1966).will : be entertained. The award, if made, will be to the bidder whose bid results in the lowest net interest cost to the City to be determined by computing the aggregate interest cost at the jrate bid to the City from the date of the bonds to maturity and deducting therefrom any premium bid. The City reserves the right to reject any or all bids. The sale will be held upon auction bids at 2:00 o'clock p.m., on September 27, 1966 at the office of the Mayor in the City of Blytheville, Arkansas. Each bidder will be required to file a certified or cashier's check in the amount of $2,260.00 on a bank that'is a member of the Federal Deposit Insurance Corporation, payable to the City, to be retained as liquidated damages in the event the bidder is awarded the sale of the bonds but fails to complete the purchase. Checks of unsuccessful bidders will be promptly returned. Interest will not be paid on good faith checks. For further information ad- Big capacity with accuracy John Deere FB-B Grain Drill Each line, each curve, each dimension of a John Deere FB-B Drill means higher yields, faster planting, and lower costs to you. Grain and fertilizer boxes are contour-shaped to assure a steady, even flow of 'materials to the feeds . . . every inch of space is "planting" capacity ... no false bottoms or sides. See the FB-B—the drill you should own. Stop in soon for complete information. MISSCO IMPLEMENT CO. 800 S. Division Ph. PO 3-4434 dress the undersigned or T. J. Raney & Sons, Little Rock, Arkansas. GIVEN this 31st day of Aug- ust, 1966. JIMMIE EDWARDS, Mayor of Blytheville, Arkansas Airplane Spraying ** 2-Way Radio - Better Customer Service Gene Hood Flying Service DEPENDABLE — EXPERIENCED _ INSURED Blytheville — Phone PO 3-3410, PO 3-4242 Manila — Phone 561-4532 can cause ;Now, you its with a new vaccine. You don't think of plain, ordinary measles as a dangerous disease. And, fortunately, it usually isn't. However, sometimes measles causes encephalitis or inflammation of the brain. When this happens, there is a chance of permanent damage to a child's brain. '- Today, measles with all its devastating side effects can be completely prevented by a new vaccine. Unprotected children will get measles 95 times out of 100. You got them, didn't you? Don't lake the chance of measles 'meaning mental retardation for your child. Visit your doctor or clinic. Make sure your child gets the measles vaccine at the earliest time'recommended by your doctor. • There are other safeguards against mental 'retardation. You should know about them. So write for a free booklet to The , President's Committee on Mental,Retardation, Washington, D.C. Blytheville Courier News

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