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Brot ~~d. <br />or more of the Bond holders had agreed to exchange their <br />Bonds for the new issue and the Bonds had been approved <br />by the Attorney General. Zhe balance of 2 of 1% to be <br />' paid as exchange was effected. <br />~TUdge Jessup representing Phillips investment Co. presented <br />aproposition the same in detail as that presented by the <br />firm of Harvey Lyons and King except that the cost to <br />the City would be 2~ of all Bonds exchanged. 1~ to be paid <br />when the Bonds had been approved by the Attorney General, <br />the balance to be paid as Bonds were exchanged. <br />Mr. A~.den, representing H C Burt and Co. reccommended that <br />the City only attempt to refund such Bond as had. matured <br />and were unpaid at maturity.His proposition was re3ected <br />in favor of refunding all of the Bonded indebtedness. <br />& poll of the Council was taken for the awarding of the <br />contract and the results were as follows in favor of <br />Harvey Lyons and Bing an their bid of 1~2,%'. <br />It~~i~#v~~~3~~~r <br />.&.1d. Geo. Counts Yea. <br />" L C Lawrence Yea. <br />" C b~ Agee Yea. <br />" J J Roark Yea. <br />The Mayor declared the award to Harvey $yons and King. <br />The City Secs y. was authorized to procure copy of tah <br />title deed to lots assessed to n L dphel and bot by the <br />City Dec. 4, 1923. <br />Motion was made to ad3ourn . <br />Carried. <br />`. <br />c {~~~ <br />pia yor <br />~. <br />