05-24-1949 Special Meeting - Laserfiche WebLink

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285 MINTITES - SPECIAL MEIfi IN~ LA PoRTE CIT~c CoM~ssION ~- ZdAY 24, 1949 -10:00 A. ~d. Speo3.a1 ieeeting of tho City Caamiission was galled to order by Mayor H. J. Ppeiffer, with the folltrwiag members and pity affioials present: Commissic~ers Jas. S . Crate, Jr. s and Y~at. P. Jones, .Supt. of Publio 1Porks Raleigh Srxtn, llbn. Maness, representing matt C. Hedriek, City Pmgigeer, City Attorney Carl C. Fhtriak, and J. $. Muldoon, Ciiy Clerk. Motion by Crate, seaoad by Joaea, authorising the City Clerk to issue _a larvd speaker permit gratin to ~. t3. Mathis, Jr., for the benefit of the La P©rte Volunteer Fire D®partaaent in their sale of tiolaets to the Air Shan. Carried. The Caeuaissia¢i instructed the City Clerk to open the bids an $25,000 Qarbage Incisterator "Saasds, and $75•~ Street Improvement Bands. Motion by Crat®, secaout by Jones to aasspt bid aub~ai.tted by Mc Clung and Kniokerbooker and Ernest L. Brown, Jr. The bid was as follows: BID FOR BONDS The Hauscrable Mayor and City Ca®aissioas ,~ LR Pay-te, Teaas. For your. $25,000 t~rbage Iaoinerator Baonds ~e bid par and scoured interest t® date a~f deliv plus a Dash pure~aium of $ b7.00 for Bands bearing interest at the rate of 3e . :T®ta1 interest c®st $5tr~7.00 For your $75,000 Street Improrement Bands ~ bid par and notated interest to date of delivery plus a Dash premium of $ 134.00 Par Beds bearing interest as Pollo~rs s 3~ aas all Boards maturing 1960 thru 1969 Tate], interest goat $43,680.00 .As an alternate bid on the $75,000.00 Street Imprcrvem9nt Bawds wa bid you par and aooured inteorest to date of delivery plus a sash premium au£ $ 2..00 far Boa~tds cantaiui~ an option for their redemption ®n airy interest paying date on or after 15 years from their date, for Banda beaxi,ag interest as folloRS: 3~ aaa all Bounds maturing 1960 thrn 1969 Total Interest goat to maturi~ date $4j3,680.00 It is agreed that all Bonds will be dated and mature as ahowu an trre Notice of Sale. The paying agent shall be the First Aatiaoaal Bask, La Porte, Tezas. It is agreed that this is a bid for all or Wane of the $100,000 of Bawds. The City Agrees that it will consider all bids an this same basin and not as separgte bide for each issue.