o CIA OTIC 0 SALE
15,000
CITY OF BE TO HARBOR
COU TY OF BERRIE ,
STATE 0 ICHIGA
LI ITED OBLIGA 10 OTES
(TA A nCIPATIO )
SEAL 0 BIDS or th p rchase of he bo e
ill receiv d by th undersigned at
, Office loea ed t 200 Wall Street.
rbor, ichigan 9022. on onday
e 25 h day of Febru rye 1980. until 1:00
p.m., Estern S ndard Tim ,at hich time
nd pi ce id bids ill b publicly opened
nd r d.
ill b dated
ovember
his issue HI not b subject
mption.
ying
, to
of th
bi d r fails to ta e up and pay for the notes.
o interest all be allowed on the good
faith ch c s and checks of the unsuccessful
bidders ill be promptly returned to each
bidder's representative or by registered mail.
A ARD OF OTES: The notes will be award­
ed to the bidder hose bid produces the lowe
interest cost computed by determining at th
rate or rates specified in the bid. the total
dollar value of all interest on the notes from
December I, 1979. to their maturity calculated
on a 360 day year basis (twelve 3O-day
months) nd deducting therefrom any pre­
mium. 0 proposal for the purchase of less
than all of the notes or at a price less than
1()()% of their par value will be considered.
LEGAL OPINIO : Bids shall be conditioned
upon the unqualified approving opinion of
iller, Canfield, Paddock and Stone, attorneys
of 0 troit, ichigan. a copy of which opinion
ill be printed on the reverse side of each
no e, and the original of which will be furnish­
ed it out expense to the purchaser of the
notes at the deli ery thereof. Th fees of
iller, Canfield, Paddock and Stone for ser­
vices rendered in conn ction with such appro -
ing opinion are expected to be paid from note
proe ds E cept to the extent necessary to
issue their unqualified opinion as to the valid­
ity of the above, notes, iller, Canfield, Pad­
doc and Stone has not been requ sted to
e mine or r e and as not examined or
r ie ny fin ncial documents, statements
o mat rials th the been or may be furnis
d in conn ction ith the authorization
issu nc or mar ting of the notes, and ccor­
di Iy ill not express ny opinion with res­
pect to th ccur cy or completeness of any
ch financi I documents, statements or
s.
roit,
upon.
E RIGHT IS RESERVED TO REJECT
V OR ALL BIDS.
VELOPES cant ining bids ould
. nly m ed "Proposal for otes. "
John Lottridge
CI , City of Benton Harbor
County of Berrien, ichigan
PPROVED: Feb 13, 1980
STATE OF ICHIGA
U ICIPAL FINA CE COM ISSIO