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<br />- <br /> <br /><- <br /> <br />THURSDAY <br /> <br />OCTOBER 2, 1969 <br /> <br />ANDERSON & STRUDWICK OFFER <br /> <br />For $2,100,000 City of Martinsville, Virginia Public Improvement <br />bonds due $125,000 each year November 1, 1970 through 1974 and <br />$135,000 due November 1, 1975 through 1984 and $125,000 due <br />November 1, 1985, without right of prior redemption, bearing <br />interest at the rate of 6 per centum per annum, coupons to <br />be payable semi-annually May 1, and November 1, we will pay <br />$2,100,063.00. <br /> <br />The bonds are to be in denominations of $5,000 and are to be <br />payable at the principal office of the First National City Bank, <br />New York City and The First & Merchants National Bank, Richmond, <br />and at the First National Bank of Martinsville & Henry County or <br />the Piedmont Trust Bank, Martinsvi1le. The cost of printing the <br />bonds is to be borne by the City and the approving legal opinion <br />of Messrs. Reed, Hoyt, Washburn & McCarthy, New York City stating <br />that the bonds are legally issued general obligations of the City of <br />Martinsvi11e, payable from ad valorem taxes without limit as to <br />rate or amount, is to be supplied the purchaser without cost. When <br />the bonds are printed, they are to be delivered in Richmond, Virginia, <br />at which time the buyer will pay the above amount plus accrued <br />interest not to exceed 6-months' interest. <br /> <br />The bidder may, at his option, refuse to accept the bonds is prior <br />to their delivery any income tax law of the United States of America <br />shall provide that the interest on such bonds is taxable, or shall be <br />taxable at a future date, for federal income tax purposes, and in <br />such case he will be relieved of his contractual obligations arising <br />from the acceptance of his proposal. <br /> <br />This bid is to be considered firm until noon, E.D.S.T. October 2, <br />1969. <br />