Sealed Bids Invited

August 11, 1995, 2:00 a.m. EDT 10 Min Read

<< Clay Co., Minn. (Moorehead), - $990,000 (Revision) - Selling Aug. 22, at 10:30 am CDST (not 11 am CDST), reported Aug. 10.

All other details remain the same.

<< Faribault, Minn., - $3,030,000 (Revision) - Selling Aug. 22, reported Aug. 10.

Revised details as follows:

Series A improvement unlimited tax bonds$780,000.

Due Feb. 1:

1997 $95,000

1998 95,000

1999 90,000

2000 85,000

2001 85,000

2002 70,000

2003 70,000

2004 65,000

2005 65,000

2006 60,000

<< Average Maturity 6 1/2-years.

All other details remain the same.

<< Forest Lake, Minn., - $1,245,000 (Revision) - Selling Sept. 11 (not Aug. 28), reported Aug. 10.

Dated Oct. 1, 1995 (not Sept. 1, 1995).

All other details remain the same.

NEW JERSEY

<< Edison Twp. Sch. Dist., N.J., - $3,004,278 - Sealed bids Aug. 17, at 11 am EDST, for purchase of 5 1/2-year avg. (bank qualified/book entry) school unlimited tax bonds, mentioned Aug. 4 and 10.

Dated Aug. 15, 1995. Due July 15:

1997 $420,000

1998 420,000

1999 380,000

2000 380,000

2001 340,000

2002 300,000

2003 280,000

2004 250,000

2005 234,278

<< Paying Agent: To be designated. L.O.: Wilentz, Goldman & Spitzer, Woodbridge. Delivery within 30 days after date of sale at such place to be mutually agreed upon. Certified or cashier's check for $60,085.56, payable to the District.

No recent comparable sale.

Advertisement appeared Aug. 10.

NEW YORK

<< East Hampton (Town of), N.Y., - $2,485,000 - Separate sealed and telephone bids Aug. 14, at 11 am EDST, c/o Evensen Dodge, Inc., New York, for purchase of the following (bank qualified/book entry) various 1995 bond anticipation notes:

Series A, 6-months$2,035,000.

Due Feb. 22, 1996.

Series B, 12-months$450,000.

Due Aug. 22, 1996.

All dated Aug. 22, 1995. L.O.: Whitman Breed Abbott & Morgan, New York. Financial Adviser: Evensen Dodge, Inc., New York.

<< Hendrick Hudson Central Sch. Dist., N.Y., - $1,400,000 - Sealed bids Aug. 17, at 2:30 pm EDST, c/o Sullivan & Donovan, New York, for purchase of 6 1/3-year avg. (bank qualified/book entry) series 1995A school district unlimited tax bonds.

Dated Aug. 15, 1995. Due Oct. 15, $100,000 in 1995 to 1998, $125,000 in 1999 to 2000 and $150,000 in 2001 to 2005. Paying Agent: To be designated. L.O.: Sullivan & Donovan, New York. Delivery on or about Aug. 29, in New York or at such other place to be mutually agreed upon. Certified or cashier's check for $28,000, payable to the District.

Last Comparable Sale

<< $1,738,000 - General obligation (Book Entry/Bank Qualified) bonds, Series 1991 were sold on Dec. 17, 1991 to Fleet/Norstar Securities Inc., Kemper Securities Group, Inc., Douglas & Co. Municipals, Inc., Reich & Co. Inc. (Co-managers) and Gabriele, Hueglin & Cashman Division of Tucker Anthony Incorporated, NIC 5.9737%.

Reoffered at 5.20% in 1997 to 6.50% in 2006. The bonds due 1992 to 1996 were not reoffered.

The Bond Buyer Index 6.71%.

The only other bidder was:

Roosevelt & Cross, Inc., Prudential Securities Inc., Kidder, Peabody & Co., Incorporated, Smith Barney, Harris Upham & Co. Inc. (Co-managers), and associates, NIC 5.9876%.

<< North Tonawanda, N.Y., - $1,460,000 - Sealed bids Aug. 22, at 11 am EDST, for purchase of 5 5/6-year avg. (bank qualified/book entry) series 1995 various purpose unlimited tax bonds.

Dated Aug. 1, 1995. Due Dec. 1:

1996 $190,000

1997 160,000

1998 160,000

1999 140,000

2000 135,000

2001 80,000

2002 80,000

2003 80,000

2004 80,000

2005 80,000

2006 55,000

2007 55,000

2008 55,000

2009 55,000

2010 55,000

<< Paying Agent: To be designated. L.O.: Fitzpatrick & Waterman, Secaucus. Delivery on or about Aug. 31, in New York or at such other place to be mutually agreed upon. Certified or cashier's check for $29,200, payable to the City.

Last Comparable Sale

<< $2,014,000 - Various purpose (bank qualified/book entry) bonds, Series 1994 were sold on May 3, 1994 to a syndicate headed by Roosevelt & Cross, Inc., Prudential Securities Inc., Kidder, Peabody & Co., Incorporated, Smith Barney Shearson Inc., Lebenthal & Co., Inc., Samuel A. Ramirez & Co., Inc., NIC 5.2998%.

Reoffered at 4.60% in 1999 to 5.90% in 2007. The bonds due 1995 to 1998 and 2008 to 2009 were not reoffered.

The Bond Buyer Index 6.16%.

Other bidders were:

Fleet Securities, Inc. (alone), NIC 5.3246%.

KeyBank of New York (alone), par for 51/2s.

Chemical Securities, Inc. (alone), NIC 5.59%.

<< Peekskill, N.Y., - $4,077,000 - Separate sealed and telephone bids Aug. 15, at 11 am EDST, c/o Munistat/PFA, Inc., Hopewell Junction, for purchase of the following (bank qualified/book entry) various series 1995B anticipation notes:

Bond, 12-months$2,577,000.

Due Aug. 22, 1996.

Tax, 2 1/3-months$1,500,000.

Due Nov. 3, 1995.

All dated Aug. 22, 1995. L.O.: Squire, Sanders & Dempsey, New York. Financial Adviser: Munistat/PFA, Inc., Hopewell Junction.

TEXAS

<< Alvin, Tex., - $5,100,000 - Sealed bids Aug. 17, at 6 pm CDST, for purchase of (bank qualified) series 1995 combined tax and revenue certificates of obligations.

Financial Adviser: Coastal Securities, Ltd., Houston.

No recent comparable sale.

<< Coppell, Tex., - $4,000,000 - Separate sealed bids Sept. 12, at 3:30 pm CDST, for purchase of the following (bank qualified) various 1995 issues:

General obligation$1,170,000.

Series A combined tax and revenue certificates of obligation$2,830,000.

Financial Adviser: First Southwest Company, Dallas.

Last Comparable Sale

<< $2,100,000 - General obligation (MBIA Insured/Book Entry) limited tax bonds, Series 1990 were sold on Aug. 14, 1990 to Bank One, Texas N.A., Kidder, Peabody & Co., Incorporated, First City-Texas Houston, N.A (Co- managers), Edward D. Jones & Co., NIC 7.2238%.

Reoffered at 6.10% in 1992 to 7.20% in 2010.

The Bond Buyer Index 7.22%.

Other bidders were:

Dean Witter Reynolds Inc., PaineWebber Incorporated, Southwest Securities Inc. and Texas Commerce Bank National Association Houston (Co- managers), no other members, NIC 7.2362%.

NCNB Texas National Bank, Dallas, First Southwest Co. and Merrill Lynch Capital Markets (Co-managers), no other members, NIC 7.260103%.

Smith Barney, Harris Upham & Co. Inc., Rauscher Pierce Refsnes, Inc. and Howard, Weil, Labouisse, Friedrichs Inc. (Co-managers), no other members, NIC 7.2614%.

Prudential-Bache Capital Funding, A.G. Edwards & Sons, Inc., Masterson Moreland Sauer Whisman, Inc. (Co-managers), Gabriele, Hueglin & Cashman Division of Tucker Anthony Incorporated, NIC 7.2832%.

<< Edgewood Independent Sch. Dist., Tex., - $5,000,000 - Sealed bids Aug. 22, at 11 am CDST, for purchase of (bank qualified) series 1995 school building unlimited tax bonds.

Financial Advisor: First Southwest Company, San Antonio.

Last Comparable Sale

<< $5,000,000 - School building (PSF Guaranteed/bank qualified) bonds, Series 1993 were sold on Nov. 16, 1993 to Clayton Brown & Associates, Kemper Securities Inc., Griffin, Kubik, Stephens & Thompson Inc., (Co- managers), no other members, NIC 5.11%

Reoffered at 2.80% in 1995 to 5.50% in 2019.

The Bond Buyer Index 5.46%.

Other bidders were:

Merrill Lynch & Co., Prudential Securities Inc., Dean Witter Reynolds Inc., Donaldson, Lufkin & Jenrette Securities Corp., A.G. Edwards & Sons, Inc., (Co-amangers), Gabriele, Hueglin & Cashman Division of Tucker Anthony Incorporated and Sterne, Agee & Leach Inc., par, NIC 5.1610%.

Barre & Co. Inc., Banc One Capital Corp., Crews & Associates, Inc., Edward D. Jones & Co. Morgan Keegan & Co. Inc., GSC Securities (Co- managers), Cowen & Co. Inc. and Robert W. Baird & Co. Inc., par, NIC 5.2629%.

PaineWebber Incorporated, Legg Mason Wood Walker Inc., Masterson Moreland Sauer Whisman, Inc., Rauscher Pierce Refsnes, Inc., Smith Barney Shearson Inc., (Co-managers), no other members, par, NIC 5.3323%.

First Southwest Co., Stephens Inc., (Co-managers) no other members, par, NIC 5.3421%.

<< Gainesville Independent Sch. Dist., Tex., - $6,000,000 - Sealed bids Aug. 22, at 10 am CDST, for purchase of (bank qualified) series 1995 school building unlimited tax bonds.

Financial Adviser: Rauscher Pierce Refsnes, Inc., Dallas.

No recent comparable sale.

<< Harris Co. Municipal Utility Dist. No. 102, Tex. (Houston), - $725,000 - Sealed bids Aug. 21, at 5 pm CDST, for purchase of (bank qualified) series 1995 wastewater and sewer system combination unlimited tax and revenue bonds.

Financial Adviser: Legg Mason Wood Walker, Inc., Houston.

<< Kennedale Independent Sch. Dist., Tex., - $695,000 - Sealed bids Sept. 5, at 4 pm CDST, for purchase of (bank qualified) series 1995 school building unlimited tax bonds.

Financial Adviser: First Southwest Company, Dallas.

No recent comparable sale.

<< Lubbock Independent Sch. Dist., Tex., - $13,420,000 - Sealed bids Aug. 31, at 2 pm CDST, series 1995 A school building unlimited tax bonds.

Financial Adviser: First Southwest Company, Dallas.

Last Comparable Sale

<< $15,500,000 - School building (PSF Guaranteed/Book Entry) bonds, Series 1991 A were sold on Aug. 12, 1991 to a syndicate headed by Rauscher Pierce Refnses, Inc., Merrill Lynch & Co., Prudential Securities Inc., A.G. Edwards & Sons, Inc., First Southwest Co., Legg Mason Wood Walker, Inc., PaineWebber Incorporated, Smith Barney, Harris Upham & Co., Inc., Wachovia Bank of North Carolina, N.A., NIC 6.4786%.

Reoffered at 5.20% in 1993 to 6.75% in 2009.

The Bond Buyer Index 6.94%.

Among the other bidders were:

NCNB Capital Markets, Inc., Southwest Securities, Inc., (Co-managers), and associates, NIC 6.5327%.

Bank One, Texas, N.A., Glickenhaus & Co., Alex. Brown & Sons, Incorporated, Texas Commerce Bank National Association of Houston, First City, Texas-Houston, N.A., Stephens Inc., Kidder, Peabody & Co., Incorporated, (Co-managers), and associates, NIC 6.537%.

Clayton Brown & Associates, Inc., Kemper Capital Markets, Griffin, Kubik, Stephens & Thompson, Inc., (Co-managers) and Coastel Securities Corporation, NIC 6.7327%.

<< Oglesby Independent Sch. Dist., Tex., - $400,000 - Sealed bids Aug. 17, at 7 pm CDST, for purchase of (bank qualified) series 1995 school building unlimited tax bonds.

Financial Adviser: Southwest Securities, Inc., Dallas.

No recent comparable sale.

<< Richardson Independent Sch. Dist., Tex., - $21,000,000 - Sealed bids Aug. 21, at 4 pm CDST, for purchase of series 1995 tax and revenue anticipation notes.

Financial Adviser: Southwest Securities, Inc., Dallas.

<< Tarrant Co., Tex. (Fort Worth), - $20,700,000 - Sealed bids Aug. 22, at 11 am CDST, for purchase of series 1995 certificates of obligation.

Financial Adviser: First Southwest Company, Dallas.

Last Comparable Sale

<< $10,500,000 - Certificates of limited tax (book entry) obligation, Series 1994 were sold on Aug. 16, 1994 to Morgan Keegan & Co., Inc. and Principal Financial Securities (Co-managers), no other membes, NIC 4.86%.

Reoffered at 4.30% in 1996 to 5.00% in 2000.

The Bond Buyer Index 6.22%.

Other bidders were:

William Blair & Co. (alone), NIC 4.9144%.

LaSalle National Bank, Chicago, Raymond James & Associates, Inc., Nike Securities, L.P. and Wachovia Bank of North Carolina N.A., Winston-Salem (Co-managers), no other members, NIC 4.9268%.

Smith Barney, Inc., Rauscher Pierce Refsnes, Inc., PaineWebber Incorporated, Legg Mason Wood Walker, Inc., Masterson Moreland Sauer Whisman, Inc., BA Securities Group (Co-managers), M.E. Allison & Co., Inc. and Norwest Financial Services, Inc., NIC 4.9283%.

Hutchinson, Shockey, Erley & Co. and Kemper Securities, Inc. (Co- managers), no other members, NIC 4.9499%.

First Southwest Co. and Stephens, Inc. (Co-managers), no other members, NIC 4.9542%.

Prudential Securities Inc., Dean Witter Reynolds Inc., A.G. Edwards & Sons, Inc., Donaldson, Lufkin & Jenrette Securities Corp., BancOne Capital Corporation, Southwest Securities, Inc. (Co-managers), and associates, NIC 4.9547%.

Merrill Lynch & Co., Artemis Capital Group, Inc., Robert W. Baird & Co., Inc., First Albany Corp. (Co-managers), Hill, Crawford & Lanford, Inc. and Pryor, McClendon, Counts & Co., Inc., NIC 4.9692%.

Clayton Brown & Associates, Inc. and Griffin, Kubik, Stephens & Thompson Inc. (Co-managers), no other members, NIC 4.9727%.

Kidder, Peabody & Co., Incorporated (alone), NIC 4.993%.

NationsBanc Capital Markets and Texas Commerce Bank National Association Houston (Co-managers), no other members, NIC 5.0177%