The Wilmington morning star., 1940-11-22

The resolution of the Housing Authority of the City Of Whining.
s It %SssH an a@ asdaon ad1'ssii ,7sooeo of s It's aso HOUSING sfssr &a9h1 @9aq: b lass
a asttsdt p 5ssss2 ~h !. hs4 %' viii III S Ssssn intsrss Is a s: = ~ , per- sen snnu mn aa es
E; SR2ads VII : b = seq lt t. h r 9st t I! States = Housing }S%s nj 4 &utno rRs Sss'ss
N''A. The ' series 'A A R a0sA r r ss eerehnai at fb sta nnt1on Of the Housing
Authe1ity Ss # n : City q : w!$ sSss4as N . e s%SSa ;! : \ = any sos iasss:
f fsna sax%s8 WITH S't the P rsi f{& tnt' Of a ai seass But B B eny a a a % vi s'%e or
interest to the date of redemption, plus a premium Of four per
fsa5' on & e 5Ss@ of tnsi Of tar PsFs ya ana If dn ssass%s pr on ee 9f nsf9 @sM 4sSe on sasi i:
&c. s. v Or a p ri aSas1 of three aesF pr csn9 u . Ss% 81 Of sst their p pr 1alus i II
the cost and expense Of deyelopng a lGw-rsnt housing project son
cs ~ = y y Ss ' SSse i II; Homes :: 5Es szz;45ds so Rsejss s15 Nss: n; NJ
lS5 %ais9 Of T the eS eit7 IF Z w zEns in % North Ses c !s1a ma t assist ISL il
4 f RaSs;t t. t 5st PaTf5si s5, The , Ss5{A Unit viii ss 5sd SsiT : = + s, an s s%oS1t
A. Of the hs city 5so Of wilmington lining in M North t Carolina in an amount Mount
e! ss:s: sE:sss Vi. + f. v :a:f9s.! :sE; E s:4 T 4 : 4: Ell, ;ss; : sSss: :: s?s &:
to pay pay ali ether 1ssF items II included dsz d. in the latest estimated min minimum II
sss5 ef 10% e9st Of ea 'ss sssse sfi the tR Rso sysnt sn s1f be 's' ssee ESTIMATES tss
t Ssn4 s sss s91 s ssnas to iR Rus sa amount at sas sa sas sss'q ts d !o5spsst "a sss
Series Ssa5ss5 3 But BSna dst as s5sesa'aS BY IN s ANY s sssat tns maximum amount of
seue T1 d 5Gnas nsrei in G fife ao f1s sale AS Sana ths 81 Series Ties E e sSn ef w ans
mnston, Not5 carolina and are secured ! By .a,d first sto pledge !. Of the
f met revenues sscgss defi " { dns%n the n 0p . onnf Of sad rrH T. It, m and IT re
s sSs Hsq sSss,i zat { S.s e h city . % s1ssSs!s S s ssss5,@ .
S sSntFast % %eefh e esrsfna tn nsd H tss 1sz AatR snaSn Of as t the city aHs. at %s:
consrset.5 S1 Under the PROVISIONS w IN esl said Assistance Ass se Contract and
s e. apg 5ssSs fs:5 T. t 5ss g@ ;as%s' of S 5sss5sss aaa gr! sS ss ss t. : :aas
Series A Bonds. For a more complete description of the Bonds
herein offered for sale and a more complete statement of the rev.
enues and annual contributions pledged for their payment, bidders
are referred to said resolution and Assistance Contract" copies
of which may be obtained from the Executive-Director of the Hous
ing Authority of the City of Wilmington, North Carolina.
thereon, are by the provisions of the United States Housing Act
of 1887 exempt from all taxation now or hereafter imposed by the
United States.
The Bonds hereby offered will bear interest, payable sem+an-
nuany, at the rate o. rates fixed in the proposal (Which shall be In
multirles of u or 110 of 1907 which is accepted for the purchase
of such Bonds. Bidders may specify more than one rate of inter-
est to be borne by such Bonds but may not specify more than one
interest rate for the bonds of any maturity n a n interest at Tor the
Bonds of any maturity in excess of three and one-haf per centum
(3h%) per annum. The Series A Bonds will be sold to the bidder
offering to pay therefor not less than par and accrued interest u
the date of delivery and whose bid results in the lowest interest
cost. The interest cost Of the Bonds bid for by any bidder shall
such Bonds over the life of the series at the rate o r. rates of interest
specified in the bid and deducting therefrom the PREMIUM, II any:
offered by the bidder.
All bids must be unconditional. The validity Of the Bonds VIII
he approved by Messrs. Chapman & Cutler, Ill w. Monroe Street,
Chicago. Illinois, a copy of whose opinion, together WITH TN iran
scrint Of proceedings authorizing the issuance of the Bonds, Will o
delivered to the purchaser free Of charge. The form OF up
proving opinion can be obtained upon request Q n executive
director of the Housing Authority of the City OF wilmington North
Carolina Of from Messrs. Chapman & Cutler, H. w Monroe Street,
Chicago, Illinois. All proposals for the purchase OF Bonds snaho o.
submitted in the form set out below. The right is reserved to Z"
iet any and all bids. For further information apply to. h.. K.
of wilmington, North Carolina, Post Office Box 1881, Wilmington,
North Carolina Of to the United States Housing Authority, Interior
0u"oi"s 1"N' HOUSING AUTHORITY OF THE CITY
OF WILMINGTON, NORTH CAROLINA
BY H. r. EMORY, Secretary