202

188

Bid of J. Lee Peeler & Company, Inc., offering to pay $318,000 and accrued interest for the blocks of said bonds maturing in the years 1965 through 1982 bearing interest as follows:

$70,000 of bonds maturing in the years 1965 through 1969 at 5% per annum;
$82,000 of bonds maturing in the years 1970 through 1974 at 3% per annum;
$37,000 of bonds maturing in the years 1975 through 1976 at 3.10% per annum;
$129,000 of bonds maturing in the years 1977 through 1982 at 3.25% per annum.

Bid of Wachovia Bank and Trust Company, offering to pay $318,000 and accrued interest for the blocks of said bonds maturing in the years 1965 through 1982 bearing interest as follows:

$56,000 of bonds maturing in the years 1965 through 1968 at 5% per annum;
$79,000 of bonds maturing in the years 1969 through 1973 at 3% per annum;
$183,000 of bonds maturing in the years 1974 through 1982 at 3 1/4% per annum.

After due consideration of said bids the following resolution was introduced by Mr. Maynard and was adopted by unanimous vote of those members present, to-wit: Messrs. Maynard, Wicker, Hill, Noble, Mrs. Lathrop, Judge Mintz and Mr. Pearsall. Those voting "Nay": None. The resolution is in the following words and figures:

RESOLUTION

BE IT RESOLVED by the Executive Committee of the Board of Trustees of The University of North Carolina that:

Section 1. Notice was duly published calling for sealed bids to be received by the Board of Trustees of The University of North Carolina, acting by its Executive Committee, at the Governor's Office, State Capitol Building, Raleigh, North Carolina, until 10:30 o'clock A.M., Eastern Standard Time, May 13, 1963, for $1,000,000 University of North Carolina Student Apartment Revenue Bonds of 1962, Series A, of the Board of Trustees of The University of North Carolina, at which hour bidding was closed and the following bids were found to have been filed and to accord in all respects with the terms of said notice:

Bid of the United States of America, acting by and through the Housing and Home Finance Agency, Community Facilities Administration, offering to pay par value and accrued interest for all of the blocks of said bonds offered bearing interest at the rate of 3 1/2% per annum.

Bid of Merrill Lynch, Pierce, Fenner & Smith, Inc., and Reynolds and Company, offering to pay $602,000 and accrued interest for the blocks of said bonds maturing in the years 1965 through 1992 bearing interest as follows: