HomeMy WebLinkAbout1945-02-04 MinutesSale of
125.000
sewer
3onds
.J.Ranejr
.R .Step
Ilton &
;Ilroy
Ilroy
eeeeeN
42
ayetteville City Council
met
in
adjourned
session;
Monday January
28th,
1946.
resent: Mayor G.T.Sanders;
City
C1grk.J.W.McGeliee,
City Attorney
Price
Dickson,
and
ldermen: Bronson; Gregory, Banks, tuhblefield, Williams, McRoy, and Hale. 9bsent:elli.
lderman Adkisson.
The Mayor stated this was the date that had been set for the sale of
$l25,000.00.Of 2% Sewer Revenue bonds maturing from one to twenty=five years, after
discussion it was agreed that the bonds would be callable in inverse numerical order
after three years from any supplus incthidaZewer Funds, and after Ten ,years from any
fund, and purchaser to pay all expene„,ec,Yn connection with printing of the bonds', also
legal approving opinion of Rose, Loughborough, Dobyns and House��
There being four. bond buyers represented, Viz: W.R.Sre ens Investment Company,
T.J.Raney, S Ms, Walton, Sullivan & Company, all of Little Hock, and the McIlroy
Bank of Favetteville.
EachG:orie of bidders put up a certified check for9j2,500.00., after which the
ridding roceeded with the following result:Starting @ and closing Ca 102.30, the la§t
z)id of 12.30 being made by W.R.Stephens (Investment Co.,_swas declared successful bidder.
is Sons 98z-1oo.00-100.69-1OD.90-101.15.1olt35r.Out.................................
ns Co. 99. -100.25 -100.70-100.95-101.20-----=--101.45-10.60-101.70-101.80-10190 -102'900
0. 99.25-100-35-100.75-101.00-101.30-ia'r=e-101.50-
99.50-100.50-100.80-101.05- ----- 101.40-101.55-101.,66-101.75-101.85-101.96-102.05
C6-102.1Og102.20-102.30-(sold:} ,
102.15-102.25- Out..........
The Mayor declared W.R.SteVvens Investment Company ,was the successful bidder,'
derman McRoy made a motion that"'the sale be approved, and all certified checks be
turned except the W.R.Stephens Investment Company check, this motion was seconded,
alderman Banks, and received the unanimous vote of the. Council.
There being no further business,
y alderman Williams, which was, duly passed
ouncil adjourned.
Attest
iterTz—
alderman McRoy, moved to adjourn, seconded
by the Council, and the Mayor declared the
Arlproved ,</,7��y,/
ya or
ayetteville City Council met in regular session, Monday,• February 4th, 1946.
esent: Mayor G.T.Sanders, City Clerk J.Pl.McGehee, aldermen; Bronson, Stubblefield and
le. ,
The absence of a quorum was noted, and alderman Bronson made a motion that the
ouncil adjourn t(bll 7-30 P.M.Monday , February 11 th, 1946, this motion was seconded by
lderman Stubblefield, and was passed unanimously by the Council, and the Mayor declared
he Council adjourned till 7-30 O'clock, Monday February 11th, 1946.
Attest /&Xity Clerk/
Approved
Mayor