HomeMy WebLinkAbout1946-01-28 Minutes43
ayetteville City Council met in adjourned sessibn; Monday January 28th, 1946.
resent: Mayor G.T.Sanders; City C1gr.k.J.W.McGebee, City Attorney Price Dickson, and
ldermen: Bronson; Gregory, Banks, tuhblefield, Williams, McRoy, and Hale. Absent: n.
lderman Adkisson.
The Mayor stated this was the date that had been set for the sale of
ale of $125,000.00.0f 2% Sewer Revenue bonds maturing from one to, twenty-five years, after
discussion it was agreed that the bonds would be callable in inverse numerical order
25.000 after three years from any supplus inctyha;$ewer Funds, and after Ten ,years from any
fund, and purchaser to pay all expencne:;in connection with printing of the bonds', als
ewer legal approving opinion of Rose,Loughborough, Dobyns and House��t
• There being four. bond buyers represented, Viz:. W.R.Aens Investment Company,
onds T.J.Raney;;*. Sohs, Walton, Sullivan & Company, all of Little Hock, and the Mcllroy
Bank of Fayetteville.'
Eachconb of bidders put up a certified check for �J12,500.00., after which the
• bidding proceeded with the following result:Starting @ 98,.,, and closing @ 102.30, the last
bid of 102.30 being made by W.R.Stephens Gnvestment Co.,_. -:was declared successful bidder.
J.Ranej; & Sons 982-100.00-100.69-1OD.�0-lO1.J5.1olt35,.Out................................
R.Steph ns Co. 99. -100.25 -100.70-100.95-101.20-----=--101.45-10.6.0-101.70-101.80-10190 -102'.00
lton & Coo 99.,25-100-35-100.75-101.00-101.30-.rcmr=C-101.60-
Ilroy•Bank 99.50-100.50-100.80-101.05- ----- 101.40-1O1•.55-101.,65-101.75-101.85-101.96-102.05
R.Steens C6 -102.10p102.20 -102.30 -(sold}
Ilroy.Baink 102.15-102.25- Out..........
The Mayor declared W.R.Ste%ns Investment Company•was the successful bidder,
alderman McRoy made a motion that"the sale be approved, and all certified checks be
returned except the W.R.Stephens Investment Company check, this motion was seconded
by alderman Banks, and received the unanimous vote of the, Council.
There being no further business, alderman McRoy moved to adjourn, seconded
by alderman Williams, which was, duly passed by the Council, and the Mayor declared the
gouncil adjourned.
hestiV44 Anproved .
Leval, Y 1eerk Aayor
Fayetteville City Council met in regular session, Monday, February 4th, 1946.
resent: Mayor G.T,Sanders, City Clerk J'.W.McGehee, aldermen; Bronson, Stubblefield andle. .
The absence of a quorum was noted, and alderman Bronson made a motion that the
Council adjourn toll 7-30 P.MeMonday , February 11 th, 1946, this motion was seconded by
alderman Stubblefield, and was passed unanimously by the Council, and the Mayor declared
the Council adjourned till 7-30 O'clock, Monday February 11th, 1946.
Attest 9&ft
ity Clerk
i
Approved
Mayor