Sealed Bids Invitied

<< Casa Grande Union High Sch. Dist. No. 82 (Pinal Co.), Ariz., - (Cancellation) $9,900,000 - The series A 1995 (Project of 1995) school improvement unlimited tax bonds originally scheduled for sale June 15, reported May 19, have been canceled.

CALIFORNIA

<< California Community College Financing Authority (Sacramento) - Change in Amount $90,795,000 Approximate (Not $75,000,000) - Selling June 13, reported May 24 and 26.

All other details remain the same.

<< Healdsburg Union High Sch. Dist. (Sonoma Co.), Calif., - $10,000,000 (Approximate) - Sealed bids June 21, at 10 am PDST, c/o Sutro & Co., Inc., San Francisco, for purchase of (bank qualified/book entry) series 1995 election of 1994 general obligation bonds, mentioned May 31 and June 5.

Dated June 1, 1995. Due July 15, 1999 to 2019. The bidders shall have the option to designate Serial and/or Term bonds according to the terms and prices set forth in the Official Notice of Sales. Bonds shall be callable in accordance with the specifications also set forth therein. Paying Agent: Bank of America National Trust and Savings Association, San Francisco. L.O.: Orrick Herrington & Sutcliffe, San Francisco. Delivery on or about June 28, at The Depository Trust Company, New York. Certified or cashier's check for 1% amount of issue, payable to the District. Financial Adviser: Sutro & Co., Inc., San Francisco.

If no legal bids are received on the above date the District will accept bids at the same time and place on June 21 and June 28 or until bonds are awarded.

No recent comparable sale.

Advertisement appeared June 5.

<< San Francisco City and Co., Calif., (San Francisco) - $44,230,000 (Approximate) - Sealed bids June 14, at 9 am PDST, for purchase of 1995A sewer revenue current interest bonds.

L.O.: Orrick, Herrington & Sutcliffe and Leslie M. Lava, Esq., both of San Francisco. Financial Adviser: Public Financial Management Inc., San Francisco.

Last Comparable Sale

<< $11,920,000 - Tax allocation San Francisco redevelopment projects revenue (book entry bonds, 1995 Series A, were sold on April 18, 1995 to a syndicate headed by Smith Barney Inc., Bear, Stearns & Co., Inc., PaineWebber Incorporated, at TIC 6.118%, as follows:

The $10,880,000 serial bonds were reofferd at 4.50% in 1996 to 6.20% in 2025.

The Bond Buyer Index 6.03%.

Among the other bidders were:

BA Securities, Inc. Securities, Inc., Alamo Capital, Artemis Capital Group, Inc., Donaldson, Lufkin & Jenrette Securities Corp., Raymond James & Associates, Inc. and Smith Mitchell & Associates, Inc., TIC 6.1674%.

Merrill Lynch & Co., (alone),TIC 6.1700%.

Stone & Youngberg, (alone), TIC 6.198%.

<< San Francisco City and Co., Calif., (San Francisco) - $11,689,000 (Approximate) - Sealed bids June 14, at 10 am PDST, for purchase of 1995B sewer revenue capital appreciation bonds.

L.O.: Orrick, Herrington & Sutcliffe and Leslie M. Lava, Esq., both of San Francisco. Finanical Adviser: Public Financial Management Inc., San Francisco.

See above issue for last comparable sale.

ILLINOIS

<< Official Report to The Bond Buyer

<< Glen Ellyn, Ill., - $2,315,000 - Sealed bids June 26, at 11 am CDST, c/o Chapman & Cutler, Chicago, for purchase of series 1995 general obligation bonds.

Dated July 1, 1995. Due Feb. 1, 1997 to 2005. L.O.: Chapman & Cutler, Chicago.

No recent comparable sale.

IOWA

<< Newton, Iowa, - $1,610,000 (Approximate) - Sealed bids June 19, at 1 pm CDST, for purchase 13 1/3-year avg. (bank qualified/book entry) series 1995 A general obligation bonds.

Dated June 1, 1995. Due June 1:

1996 $25,000

1997 30,000

1998 35,000

1999 40,000

2000 45,000

2001 55,000

2002 60,000

2003 100,000

2004 105,000

2005 105,000

2006 110,000

2007 100,000

2008 100,000

2009 100,000

2010 100,000

2011 100,000

2012 100,000

2013 100,000

2014 100,000

2015 100,000

<< Callable June 1, 2005 at par. Paying Agent: Bankers Trust Company, Des Moines. L.O.: Ahlers, Cooney, Dorweiler, Haynie, Smith & Albee, Des Moines. Delivery on or about June 29, at The Depository Trust Company, New York. Certified or cashier's check for $32,200, payable to the City. Financial Adviser: Piper Jaffray, Inc., Des Moines.

Last Comparable Sale

<< $1,085,000 - General obligation (Bank Qualified) bonds, Series 1992B, were sold on Dec. 7, 1992 to United Missouri Bank of Kansas City (alone),NIC 5.6561%.

The bonds were not reoffered.

The Bond Buyer Index 6.26%.

Other bidders were:

Piper, Jaffray Inc. and Dougherty, Dawkins, Strand & Bigelow Inc.,NIC 5.6907%.

Harris Trust & Savings Bank, Chicgo, Norwest Investment Services, Inc. (Co-managers), Ruan Securities Corp. and R.G. Dickinson & Co., NIC 5.7085%.

Chiles Heider Division of Lehman Brothers, Dain Bosworth, Inc., KirkpatrickPettis and Commerce Bank of Kansas City, N.A. (Co-managers), no other members, NIC 5.7101%.

MARYLAND

<< University of Maryland System (Annapolis) - $55,000,000 - Sealed bids June 14, at 11 am EDST, c/o Ballard Spahr Andrews & Ingersoll, Baltimore, for purchase of 1995 series A auxiliary facility and tuition revenue bonds, mentioned June 7 and 9.

Dated June 1, 1995. Due April 1, 1997 to 2016. Callable in accordance with the specifications set forth in the Official Notice of Sales. Paying Agent: First National Bank of Maryland, Baltimore. L.O.: Abramoff, Neuberger & Linder and Ballard Spahr Andrews & Ingersoll, both of Baltimore. Delivery on or about June 28, at The Depository Trust Company, New York. Certified or cashier's check for $550,000, payable to the University. Financial Adviser: Public Financial Management Inc., Boston.

Last comparable sale appeared June 7.

Advertisement appeared June 9.

MASSACHUSETTS

<< North Andover, Mass., - $5,303,000 - Sealed bids June 20, at 11 am EDST, c/o Fleet Bank of Masschusetts, N.A., Boston, for purchase of 9 1/6- year avg. (book entry) 1995 general obligation municipal purpose loan limited tax bonds.

Dated June 15, 1995. Due June 15:

1996 $468,000

1997 460,000

1998 455,000

1999 240,000

2000 240,000

2001 240,000

2002 240,000

2003 240,000

2004 240,000

2005 240,000

2006 240,000

2007 240,000

2008 240,000

2009 240,000

2010 230,000

2011 230,000

2012 230,000

2013 230,000

2014 180,000

2015 180,000

<< Callable June 15, 2005 at 102% declining to par June 15, 2007. Paying Agent: Fleet Bank of Massachusetts, N.A., Boston. L.O.: Palmer & Dodge, Boston. Delivery on or about June 29, at the Depository Trust Company, New York. Financial Adviser: Fleet Bank of Massachusetts, N.A., Boston.

Last Comparable Sale

<< $7,100,000 - Municipal purpose limited tax (Book Entry/Bank Qualified) loan of 1992 were sold on Oct. 22, 1992 to a syndicate headed by Kidder, Peabody & Co., Incorporated, Prudential Securities, Inc., State Street Bank and Trust Company of Boston, Bear, Stearns & Co., Inc., BayBank Boston, N.A., Donaldson, Lufkin & Jenrette Securities Corp., Advest Inc. and Tucker Anthony Incorporated, CIC 6.5105%.

Reoffered at 5.75% in 1998 to 6.75% in 2012. The bonds due 1993 to 1997 were not reoffered.

The Bond Buyer Index 6.34%.

Other bidders were:

Shawmut Bank, N.A./Connecticut National Bank, N.A., BNE Capital Markets, Inc. (Co-managers), Gabriele, Hueglin & Cashman Division of Tucker Anthony Incorporated and Cowen & Co., CIC 6.5294%.

Bank of Boston, N.A., Fleet Securities, Inc., Roosevelt & Cross, Inc. (Co-managers), Legg Mason Wood Walker, Inc. and Douglas & Co. Municipals, Inc., CIC 6.5674%.

MICHIGAN

<< Allegan Co. Intermediate Sch. Dist., Mich. (Allegan), - $300,000 - Sealed bids June 14, at 2 pm EDST, in the alternative at the office of the Municipal Advisory Council of Michigan, Detroit, for purchase of 9-months (bank qualified) general obligation vocational education limited tax tax anticipation notes.

Dated July 5, 1995. Due April 4, 1996. L.O.: Thrun, Maatsch and Nordberg, Lansing.

<< Dearborn Sch. Dist., Mich., - $7,600,000 (Revision) - Selling today, June 12, at 3:30 pm EDST, reported June May 16 and June 7.

Revised details as follows:

The 1995 school bonds are not AMBAC Insured.

All other details remain the same.

<< Fisher & Branch Drain Drainage Dist., Mich., - $500,000 - Sealed bids June 14, at 11 am EDST, in the alternative at the offices of the Municipal Advisory Council of Michigan, Detroit, for purchase of series 1995 drain limited tax bonds.

<< Howell Public Sch. Dist., Mich., - $2,100,000 - Sealed bids today June 12, at 2 pm EDST, in the alternative at the office of the Municipal Advisory Council of Michigan, Detroit, for purchase of 6-year avg. (bank qualified) 1995 general obligation energy conservation improvement limited tax bonds.

Dated July 1, 1995. Due May 1:

1996 $100,000

1997 175,000

1998 185,000

1999 195,000

2000 210,000

2001 220,000

2002 235,000

2003 245,000

2004 260,000

2005 275,000

<< Paying Agent: To be designated. L.O.: Thrun, Maatsch and Nordberg, Lansing. Delivery within 45 days after date of sale at such place to be mutually agreed upon. Certified or cashier's check for $42,000, payable to the District. Financial Adviser: Stauder, BARCH & ASSOCIATES, Inc., Ann Arbor.

No recent comparable sale.

<< Portage Building Authority, Mich., - $3,300,000 - Sealed bids June 19, at 2 pm EDST, in the alternative at the office of the Municipal Advisory Council of Michigan, Detroit, for purchase of 12 1/3-year avg. (bank qualified) series 1995 building authority limited tax bonds.

Dated June 1, 1995. Due July 1:

1996 $100,000

1997 100,000

1998 100,000

1999 100,000

2000 100,000

2001 100,000

2002 150,000

2003 150,000

2004 150,000

2005 150,000

2006 150,000

2007 200,000

2008 200,000

2009 200,000

2010 200,000

2011 200,000

2012 200,000

2013 200,000

2014 250,000

2015 300,000

<< Callable July 1, 2006 at 102% declining to par July 1, 2012. Paying Agent: First of America Bank-Michigan, N.A., Bloomfield Hills. L.O.: John R. Axe & Associates, Grosse Pointe Farms. Delivery within 45 days after date of sale in Detroit. Certified or cashier's check for $66,000, payable to the Authority. Financial Adviser: Municipal Financial Consultants Incorporated, Grosse Pointe Farms.

Last Comparable Sale

<< $2,000,000 - Building authority limited tax (bank qualified) bonds, Series 1993 were sold on Nov. 9, 1993 to Dean Witter Reynolds Inc., A.G. Edwards & Sons, Inc., PaineWebber Incorporated, Prudential Securities Inc., The Ohio Company, Hamilton Investments (Co-managers), Mabon Securities Corp. and Raffensperger, Hughes & Co., Inc., NIC 5.0680%.

Reoffered at 2.75% in 1994 to 5.45% in 2013.

The Bond Buyer Index 5.45%.

Other bidders were:

Roney & Co., NIC 5.174%.

J.J.B. Hilliard, W.L. Lyons, Inc. and Robert W. Baird & Co., Inc. (Co- managers), no other members, NIC 5.17800%.

A group headed by Kemper Securities Inc., First of Michigan Corporation and Michigan National Bank, Farmington Hills (Co-managers), no other members, in association with Old Kent Bank, Southwest (alone), NIC 5.26901%.

<< Three Rivers, Mich., - $525,000 - Sealed bids June 20, at 2 pm EDST, in the alternative at the office of the Municipal Advisory Council of Michigan, Detroit, for purchase of (bank qualified) series IV water supply and sewage disposal system revenue bonds.

Dated June 1, 1995. Due May 1, 1996 to 2005. Bidders shall have the option to designate Term bonds according to the terms and prices set forth in the Official Notice of Sale. L.O.: Miller, Canfield, Paddock & Stone, Detroit. Certified or cashier's check for $10,500, payable to the City. Financial Adviser: R.W. Baird & Co., Inc., Naperville.

<< Westwood Community Sch. Dist., Mich., - $995,000 - Sealed bids June 15, at 3:30 pm EDST, for purchase of 1995 energy conservation improvement limited tax bonds.

Financial Adviser: Stauder, BARCH & ASSOCIATES, Inc., Ann Arbor.

<< Wright & Ellis Drain Drainage Dist., Mich., - $410,000 - Selaed bids today, June 12, at 3:30 pm EDST, for purchase of 4-year avg. (bank qualified) 1995 drain notes.

Dated June 15, 1995. Due June 15, $58,572,000 in 1996 to 1998 and $58,571 in 1999 to 2002. L.O.: Hubbard, Fox, Thomas, White & Bengston, Lansing. Certified or cashier's check for $5,000, payable to the District.

MINNESOTA

<< Sleepy Eye, Minn., - $1,375,000 - Sealed bids June 27, at noon CDST, for purchase of 14 3/4-year avg. (bank qualified) series 1995 general obligation improvement unlimited tax bonds.

Dated July 1, 1995. Due Feb. 1:

1997 $30,000

1998 35,000

1999 35,000

2000 45,000

2001 50,000

2002 55,000

2003 55,000

2004 60,000

2005 50,000

2006 65,000

2007 70,000

2008 125,000

2009 125,000

2010 135,000

2011 140,000

2012 100,000

2013 100,000

2014 100,000

<< Callable Feb. 1, 2002 at par. Paying Agent: To be designated. L.O.: Holmes & Graven, Minneapolis. Delivery as soon as bonds are prepared at such place to be mutually agreed upon. Certified or cashier's check for $27,500, payable to the City. Financial Adviser: Ehlers & Associates, Inc., Minneapolis.

Last Comparable Sale

<< $1,115,000 - General obligation water and sewer revenue refunding (Bank Qualified) bonds, Series 1991 were sold on April 9, 1991 to Piper, Jaffray & Hopwood Inc. and John G. Kinnard & Co., Inc.

Reoffered at par.

The Bond Buyer Index 7.06%.

Other bidders were:

FBS Investment Services, Inc., Norwest Investment Services, Inc. (Co- managers) and Moore, Juran and Company, Inc., NIC 6.789%.

Cronin & Co., Inc. and Miller, Johnson Kuehn Inc. Investment Securities (Co-managers), no other members, NIC 6.8103%.

American National Bank & Trust Co., St. Paul, Juran & Moody, Inc., Dougherty, Dawkins, Strand & Yost, Inc. and Park Investment Corp., NIC 6.8484%.

<< Watkins, Minn., - $610,000 - Sealed bids June 13, at 11 am CDST, for purchase of 1995 tax increment general obligation bonds.

Due Dec. 1, 1996 to 2015. Financial Adviser: Juran & Moody, Inc., St. Paul.

NEW JERSEY

<< Great Meadows Regional Sch. Dist., N.J., - $9,536,000 - Sealed bids June 29, at 11 am EDST, for purchase of (bank qualified/book entry) school bonds.

Dated July 1, 1995. Due Jan. 15, 1996 to 2025. L.O.: Wilentz, Goldman & Spitzer, Woodbridge.

No recent comparable sale.

<< Official Report to The Bond Buyer

<< Morris Co., N.J. (Morristown), - $70,086,000 - Selling June 20, reported May 31.

Advertisement appears today.

<< Official Report to The Bond Buyer

<< Union Co., N.J. (Elizabeth), - $10,295,000 - Sealed bids June 20, at 11 am EDST, for purchase of 4-months series 1995A bond anticipation notes.

Dated June 30, 1995. Due Sept. 29, 1995. L.O.: McCarter & English, Newark.

Advertisement appears today.

NEW YORK

<< Hoosic Valley Central Sch. Dist., N.Y., - $2,800,000 - Sealed and telephone bids June 14, at 1:30 pm EDST, c/o Fiscal Advisors & Marketing Inc., Cicero, for purchase of 12-months (bank qualified/book entry) 1995 general obligation bond anticipation notes.

Dated June 21, 1995. Due June 21, 1996. L.O.: Willkie Farr & Gallagher, New York. Financial Adviser: Fiscal Advisors & Marketing Inc., Cicero.

<< Indian River Central Sch. Dist. at Philadelphia, N.Y., - $7,000,000 - Sealed and bids June 14, at 2 pm EDST, c/o Willkie Farr & Gallagher, New York, for purchase of 5-year avg. (bank qualified/book entry) 1995 school district unlimited tax bonds.

Dated June 15, 1995. Due June 15:

1997 $800,000

1998 900,000

1999 1,000,000

2000 1,000,000

2001 1,100,000

2002 1,100,000

2003 1,100,000

<< Paying Agent: To be designated. L.O.: Willkie Farr & Gallagher, New York. Delivery on or about June 27, at The Depository Trust Compnay, New York. Certified or cashier's check for $140,000, payable to the District. Financial Adviser: Fiscal Advisors & Marketing, Inc., Cicero.

Last Comparable Sale

<< $8,200,000 - School district (Bank Qualified) bonds, 1991, were sold June 6, 1991 to Marine Midland Capital Markets Corporation and Fleet/Norstar Securities (Co-managers), no other members, NIC 7.0582%.

Not Reoffered.

The Bond Buyer Index 6.97%.

The only other bidder was:

Roosevelt & Cross, Inc. (alone), NIC 7.75000%.

<< Massena Central Sch. Dist., N.Y., - $4,600,000 - Sealed and telephone bids June 14, at 11 am EDST, c/o Fiscal Advisors & Marketing Inc., Cicero, for purchase of 12-months (bank qualified/book entry) 1995 revenue anticipation notes.

Dated June 21, 1995. Due June 21, 1996. L.O.: Willkie Farr & Gallagher, New York. Financial Adviser: Fiscal Advisors & Marketing Inc., Cicero.

<< Niagara Wheatfield Central Sch. Dist., N.Y., - $2,500,000 - Sealed and telephone bids June 22, at 11 am EDST, c/o David E. Allardice, Inc., Canandaigua, for purchase of 12-months (bank qualified/optional book entry) 1995 tax anticipation notes.

Dated July 6, 1995. Due July 3, 1996. L.O.: Willkie Farr & Gallagher, New York. Financial Adviser: David E. Allardice, Inc., Canandaigua.

<< North Syracuse Central Sch. Dist., N.Y., - (Cancellation) $4,250,000 - The 1995 bond anticipation notes originally scheduled for sale June 14, reported June 9, has been canceled.

<< Oneida City Sch. Dist., N.Y., - $2,810,000 - Separate sealed and telephone bids June 14, at 11 am EDST, c/o Fiscal Advisors & Marketing, Inc., Cicero, for purchase of the following 12-months (bank qualified/book entry) various 1995 anticipation notes:

Bond$1,840,000.

Revenue$970,000.

Dated June 22, 1995. Due June 21, 1996. L.O.: Willkie Farr & Gallagher, New York. Financial Adviser: Fiscal Advisors & Marketing, Inc., Cicero.

<< Rockville Centre Union Free Sch. Dist., N.Y., - $4,250,000 - Sealed bids June 14, at 11 am EDST, c/o New York Municipal Advisors Corporation (NYMAC), Hicksville, for purchase of 12-months (bank qualified/book entry) 1995 tax anticipation notes.

Dated June 22, 1995. Due June 21, 1996. L.O.: Willkie Farr & Gallagher, New York. Finanical Adviser: New York Municipal Advisors Corporation (NYMAC), Hicksville.

<< Rome, N.Y., - $10,160,000 - Separate sealed bids June 13, at 11 am EDST, c/o Willkie Farr & Gallagher, New York, for purchase of the following (book entry) various 1995 public improvement unlimited tax bonds:

Series A, 9-year avg.$6,960,000.

Due June 15:

1997 $435,000

1998 425,000

1999 425,000

2000 425,000

2001 500,000

2002 500,000

2003 500,000

2004 500,000

2005 500,000

2006 500,000

2007 525,000

2008 525,000

2009 600,000

2010 600,000

<< Callable June 15, 2004 at 102% declining to par June 15, 2006. Certified or cashier's check for $139,200, payable to the City.

Series B (bank qualified), 11 1/2-year avg.$3,200,000.

Due June 15, $150,000 in 1997 to 2004, $175,000 in 2005 to 2012 and $200,000 in 2013 to 2015. Callable June 15, 2004 at 102% declining to par June 15, 2006. Certified or cashier's check for $64,000, payable to the City.

All dated June 15, 1995. Paying Agent: To be designated. L.O.: Willkie Farr & Gallagher, New York. Delivery on or about June 27, in New York. Financial Adviser: Fiscal Advisors & Marketing, Inc., Hicksville, Cicero, Gansevoort and Vestal.

Last Comparable Sale

<< $5,116,000 - Public improvement (book entry) bonds, 1994 were sold on Dec. 13, 1994 to a syndicate headed by Roosevelt & Cross, Inc., Samuel A. Ramirez & Co., Inc., Oppenheimer & Co., NIC 6.7671%.

Reoffered at 5.25% in 1996 to 7.00% in 2009.

The Bond Buyer Index 6.88%.

Other bidders were:

Fleet Securities Inc., Douglas & Co. Municipals, Inc., Marine Midland Bank and Gabriele, Hueglin & Cashman Division of Tucker Anthony Incorporated, NIC 6.9112%.

Chemical Securities Inc. (alone), NIC 7.3993%.

<< South Jefferson Central Sch. Dist., N.Y., - $3,988,000 - Sealed and telephone bids June 14, at 2:30 pm EDST, c/o Fiscal Advisors & Marketing Inc., Cicero, for purchase of 12-months (bank qualified/book entry) 1995 revenue anticipation notes.

Dated June 21, 1995. Due June 21, 1996. L.O.: Hiscock & Barclay, Syracuse. Financial Adviser: Fiscal Advisors & Marketing, Inc., Cicero.

<< South Colonie Central Sch. Dist., N.Y., - $3,272,000 - Separate sealed and telephone bids June 14, at noon EDST, c/o Fiscal Advisors & Marketing, Inc., Cicero, for purchase the following (bank qualified/book entry) 1995 general obligation issues:

School district unlimited tax bonds, 4 5/6-year avg.$490,000.

Dated June 15, 1995. Due June 15, $50,000 in 1996 to 1999, $65,000 in 200 and $75,000 in 2001 to 2003. No good faith check is required.

Tax anticipation notes, 4-months$2,782,000.

Dated June 22, 1995. Due Oct. 20, 1995.

L.O.: Willkie Farr & Gallagher, New York. Financial Adviser: Fiscal Advisors & Marketing, Inc., Cicero.

RHODE ISLAND

<< Rhode Island and Providence Plantations (Providence) - $49,760,000 - Separate sealed bids June 15, at 11 am EDST, for purchase of the following various (book entry) 1995 consolidated capital development loan bonds.

Series A, $33,745,000.

Due Aug. 1, 1996 to 2014. Certified or cashier's check for $337,450, payable to the Plantations.

Series B (AMT)$15,925,000.

Due Aug. 1, 1996 to 2014. Certified or cashier's check for $159,250, payable to the Plantations.

All dated June 15, 1995. The bidders shall have the option to designate Serial and/or Term bonds according to the terms and prices set forth in the Official Notice of Sales. Bonds shall be callable in accordance with the specifications also set forth therein. Paying Agent: To be designated. L.O.: Ropes & Gray, Boston. Delivery on or about June 26, at The Depository Trust Company, New York. Financial Adviser: Fleet Securities, Inc., Providence.

Last Comparable Sale

<< $94,530,000 - General obligation (AMBAC Insured) (94-98) and FGIC Insured (09-10) consolidated capital development Loan of 1993 (book entry) bonds, Series A, were sold on Oct. 28, 1993 to Lehman Brothers, J.P. Morgan Securities, Merrill Lynch & Co., Bank of Boston, N.A. (Co-managers), J.C. Bradford & Co., E.A. Moos & Co., Inc., Tucker Anthony Incorporated, in association with Morgan Stanley & Co., Inc. (alone), in association with Dean Witter Reynolds, Inc. (alone), TIC 5.0727%.

Reoffered at 2.80% in 1994 to 5.35%, in 2013.

The Bond Buyer Index 5.20%.

Other bidders were:

PaineWebber Incorporated, Dillon, Read & Co., Inc., Bear, Stearns & Co., Inc., Kidder, Peabody & Co., Incorporated, Shawmut Bank (Co-managers), and associates, TIC 5.0819%.

CS First Boston, First Chicago Capital Markets, Inc., Lazard Freres & Co., Clayton Brown & Associates, Inc. (Co-managers) and Northern Trust Co., TIC 5.0899%.

A group headed by Donaldson, Lufkin & Jenrette Securities Corp., Prudential Securities, Inc., Goldman, Sachs & Co., Smith Barney Shearson Inc., Harris Trust & Savings Bank, Chicago, George K. Baum & Co., in association with Fleet Securities, Inc. (alone), TIC 5.10016%.

TENNESSEE

<< Johnson City, Tenn., - $8,000,000 - Sealed bids June 15, at 11 am EDST, for purchase of 12 1/6-year avg. (bank qualified) various series 1995 water and sewer revenue and tax bonds, mentioned June 7:

Series 1995$6,900,000.

Series 1995 (Regional System)$1,100,000.

Dated June 1, 1995. Due May 1:

1996 $245,000

1997 255,000

1998 265,000

1999 280,000

2000 290,000

2001 305,000

2002 320,000

2003 335,000

2004 355,000

2005 370,000

2006 390,000

2007 405,000

2008 430,000

2009 450,000

2010 475,000

2011 505,000

2012 535,000

2013 565,000

2014 595,000

2015 630,000

<< Callable May 1, 2001 at par. Paying Agent: First Tennessee N.A., Memphis. L.O.: Bass, Berry & Sims, Nashville. Delivery on or about June 28, at the Depository Trust Company, New York. Certified or cashier's check for $160,000, payable to the City. Financial Adviser: Public Financial Management, Inc., Memphis.

Last comparable sale appeared June 7.

Advertisement appeared June 7.

TEXAS

<< Nacogdoches Independent Sch. Dist., Tex., - $4,915,000 - Sealed bids June 13, at noon CDST, for purchase of 16-year avg. (bank qualified/book entry) series 1995 schoolhouse unlimited tax bonds, mentioned June 1.

Dated June 15, 1995. Due Feb. 15:

1996 $20,000

1997 90,000

1998 100,000

1999 100,000

2000 110,000

2001 115,000

2002 125,000

2003 130,000

2004 150,000

2005 150,000

2006 160,000

2007 175,000

2008 175,000

2009 190,000

2010 200,000

2011 220,000

2012 230,000

2013 250,000

2014 260,000

2015 275,000

2016 300,000

2017 310,000

2018 340,000

2019 360,000

2020 380,000

<< Callable Feb. 15, 2005 at par. Paying Agent: First Interstate Bank of Texas, N.A., Houston. L.O.: State Attorney General and Fulbright & Jaworski, Dallas. Delivery on or about July 18, in Houston. Certified or cashier's check for $98,300, payable to the District. Financial Adviser: Legg Mason Wood Walker, Inc., Houston.

No recent comparable sale.

UTAH

<< Official Report to The Bond Buyer

<< Davis Co. Sch. Dist., Utah (Farmington), - $12,500,000 - Selling June 20, reported June 9.

Advertisement appears today.

VIRGINIA

<< Virginia Housing Development Authortiy (Richmond) - $279,000,000 - Sealed bids June 15, at 11 am EDST, for purchase of (book entry) 1995 series commonwealth mortgage revenue bonds.

Subseries C-Stem$60,000,000.

Initial STEM Tender Date Oct. 12, 1995.

D-Stem-I$55,000,000.

Initial STEM Tender Date Nov. 16, 1995.

D-Stem-II $55,000,000.

Initial STEM Tender Date Jan. 4, 1996.

D-Stem-III$55,000,000.

Initial STEM Tender Date Feb. 15, 1996.

D-Stem-IV$54,000,000.

Initial Stem Tender Date March 21, 1996.

Callable in accordanc with the specifications set forth in the Official Notice of Sales. Paying Agent: To be designated. L.O.: Hawkins, Delafield & Wood, New York. Delivery as soon as bonds are prepared in New York. Certified or cashier's check for $5,600,000, payable to the Authority.

Last Comparable Sale

<< $76,400,000 - Various commonwealth mortgage revenue (book entry) bonds, were sold on May 4, 1995 to CitiCorp Securities, Inc. (alone), Remarketing Fee $6,869,000, TIC 4.1607%.

The bonds are being issued for the following purposes:

Series 1993 F, Subseries F-STEM$35,000,000.

Series 1994 D, Subseries D-STEM$41,400,000.

The bonds were not reoffered.

The Bond Buyer Index

Other bidders were:

Merrill Lynch & Co., J.P. Morgan Securities, Inc. (Co-managers), Scott & Stringfellow and Artemis Capital Group, Inc., Remarketing Fee $10,696.00, for TIC 4.1808%.

Bear, Stearns & Co., Inc. (alone), Remarketing Fee $9,000.00, TIC 4.1993%.

PaineWebber Incorporated and Oppenheimer & Co., Inc., Remarketing Fee $9,168.00, TIC 4.1999%.

Smith Barney, Inc. (alone), Remarketing Fee $9,932.00, TIC 4.203%.

BT Securities Corp. and Chemical Securities, Inc., Remarketing Fee $18,336.00, TIC 4.2160%.

Prudential Securities, Inc. (alone), Remarketing Fee $14,516.00, TIC 4.2210%.

Lehman Brothers (alone), Remarketing Fee $29,032.00, TIC 4.228%.

Morgan Stanley & Co., Inc. (alone), Remarketing Fee $22,920.00, TIC 4.2542%.

WISCONSIN

<< Adams Co., Wis. (Friendship), - $4,075,000 - Separate sealed bids June 20, at 11 am CDST, for purchase of the following (bank qualified/book entry) various general obligation issues:

County improvement bonds$3,235,000.

Due July 1, 2004 to 2014.

Promissory notes$840,000.

Due July 1, 1997 to 2005.

All dated July 1, 1995. L.O.: Quarles & Brady, Milwaukee. Financial Adviser: Ehlers & Associates, Inc., Brookfield.

Last Comparable Sale

<< $4,500,000 - General obligation law enforcement center (bank qualified/book entry) bonds were sold on Oct. 19, 1993 to Robert W. Baird & Co. Inc., Prudential Securities Inc., Dean Witter Reynolds Inc., Smith Barney Shearson Inc., LaSalle National Bank, Chicago, Banc One Capital Corp., Piper, Jaffray Inc., Cronin & Co. Inc., (Co-managers), no other members, NIC 4.7951%.

Reoffered at 4.00% in 2002 to 4.80% in 2008. The bonds due 1996 to 2001, 2003, 2004, 2006, 2007 and 2009 to 2012 were not reoffered.

The Bond Buyer Index 5.20%.

Other bidders were:

Griffin, Kubik, Stephens & Thompson, Inc., Clayton Brown & Associates, Inc.,Kemper Securities Inc., (Co-managers), no other members, NIC 4.8202%.

Firstar Bank, Milwaukee, A. Webster Dougherty & Co. Inc., Dougherty, Dawkins, Strand & Bigelow, Inc., (Co-managers), Securities Corporation of Iowa, Commerce Bank of Kansas City, N.A. and First Tennessee Bank, Memphis, NIC 4.8841%.

<< Cudahy, Wis., - $1,475,000 - Sealed bids June 20, at noon CDST, (parity bids accepted), c/o Ehlers & Associates, Inc., Brookfield, for purchase of 6 5/6-year avg. (bank qualified/book entry) general obligation promissory notes.

Dated July 1, 1995. Due June 1:

1999 $55,000

2000 80,000

2001 100,000

2002 200,000

2003 240,000

2004 300,000

2005 300,000

<< Callable June 1, 2002 at par. Paying Agent: To be designated. L.O.: Godfrey & Kahn, Milwaukee. Delivery within 45 days after date of sale to the Depository Trust Company, New York. Certified or cashier's check for $29,500, payable to the City. Financial Adviser: Ehlers & Associates, Inc., Brookfield.

Last Comparable Sale

<< $2,575,000 - General obligation corporate purpose (FGIC Insured/bank qualified/book entry) bonds were sold on May 25, 1994 to Raymond James & Associates, Inc., LaSalle National Bank, Chicago, Nike Securities Inc., NIC 5.59%.

Reoffered at 4.40% in 1996 to 5.95% in 2009.

The Bond Buyer Index 6.14%.

Other bidders were:

Kemper Securities,Inc. (alone), NIC 5.6104%.

Firstar Bank Milwaukee, Oppenheimer & Co., Inc. (Co-managers), Dain Bosworth, Inc., Howe, Barnes Investments, Inc. and Security Corporation of Iowa, NIC 5.6185%.

Robert W. Baird & Co., Inc., Prudential Securities Inc., Dean Witter Reynolds Inc., PaineWebber Incorporated, Josephthal Lyon & Ross Inc., Cronin & Co., Inc., Dougherty, Dawkins, Strand & Bigelow, Inc., (Co- managers), no other membrs, NIC 5.6405%.

Griffin, Kubik, Stephens & Thompson Inc., (alone), NIC 5.6434%.

BancOne Capital Corporation, Northern Trust Securities, Inc., (Co- managers), no other members, NIC 5.6516%.

Harris Trust & Savings Bank, Chicago, Norwest Investment Services, Inc., (Co-managers), Hill, Crawford & Lanford, Inc., Commerce Investments Corp., NIC 5.6700%.

<< Madison Metropolitan Sch. Dist. (Dane Co.), Wis., - $17,525,000 - Sealed bids June 19, at 10 am CDST, for purchase of (book entry) general obligation capital improvement bonds.

Dated July 1, 1995. Due April 1, 1996 to 2015. L.O.: Quarles & Brady, Milwaukee. Financial Adviser: Banc One Capital Corporation, Milwaukee.

Last Comparable Sale

<< $18,400,000 - General obligation capital improvement bonds were sold on March 1, 1993 to Griffin, Kubik, Stephens & Thompson, Inc., Clayton Brown & Associates, Inc., Kemper Securities, Inc. and State Street Bank and Trust Company of Boston (Co-managers), no other members, NIC 4.7471%.

Reoffered at 3.30% in 1995 to 5.30% in 2009. The bonds due in 2010 to 2012 were not reoffered.

The Bond Buyer Index 5.67%.

Other bidders were:

Harris Trust & Savings Bank, Chicago, Kidder, Peabody & Co., Incorporated, Piper, Jaffray Inc., Wachovia Bank of North Carolina, N.A., Winston-Salem, (Co-managers), and associates, NIC 4.7660%.

Robert W. Baird & Co., Inc., Dean Witter Reynolds, Inc., Smith Barney, Harris Upham & Co., Inc., Prudential Securities Inc., Bear, Sterns & Co., Inc., William Blair & Co., A.G. Edwards & Sons, Inc., GMS Group, Inc., (Co- managers), and associates, NIC 4.7880%.

Hutchinson, Shockey, Erley & Co., Lehman Brothers, Rodman & Renshaw, Inc., (Co-managers), and Raffensperger, Hughes & Co., Inc., NIC 4.8025%.

Firstar Bank, Milwaukee, Merrill Lynch & Co., First Chicago Capital Markets, Inc., Norwest Investment Services, Inc., (Co-managers), Oppenheimer & Co., Inc., Securities Corporation of Iowa and Howe, Barnes Investments, Inc., NIC 4.9229%.

IOWA

<< Newton, Iowa - $580,000 (Approximate) - Sealed bids June 19, at 1 pm CDST for purchase of 10-year avg. (bank qulaified/book entry) series 1995 (taxable) general obligation bonds.

Dated June 1, 1995. Due June 1:

1998 $30,000

1999 30,000

2000 35,000

2001 35,000

2002 35,000

2003 40,000

2004 45,000

2005 45,000

2006 50,000

2007 55,000

2008 55,000

2009 60,000

2010 65,000

<< Callable June 1, 2005 at par. L.O.: Ahlers, Cooney, Dorweiler, Haynie, Smith & Albee, Des Moines. Certified or cashier's check for $11,600, payable to the City. Financial Adviser: Piper Jaffray, Inc., Des Moines

For reprint and licensing requests for this article, click here.
MORE FROM BOND BUYER