HomeMy WebLinkAbout1960-02-11 - Special City CouncilR
Stephenville, Texas
- February 11, 1960.
The City Council met in called session on the above date with Mayor Evans
presiding and the following aldermen present: Virgil Dickerson, Chas. Riggins,
Walter Brandon, Dean Murray, Albert Graves and J. P. Hedrick.
It was moved by Alderman Riggins, seconded by Alderman Dickerson, that the
City authorize Mr. Taylor Almon, of Rauscher, Pierce & Co., to set up principle
And interest payments on the $175,000.00 Water Improvement Warrants so they can
be paid out in eight years. Motion carried.
It was moved by Alderman Murray, seconded by Alderman Hedrick, that the
following resolution be adopted:
NOTICE OF INTENTION TO ISSUE REFUNDING BONDS:
Notice is hereby given that on the 5th day of April, 1960, the City Council
of the City of Stephenville, Texas, will pass an ordinance authorizing the issu-
ance of Refunding Bonds in the amount of Seventy -five thousand Dollars ($75,000.00)
bearing interest at a rate not to exceed 4 3/4 % per annum, maturing serially in
such installments and during such years as may be determined by the City Council,
the maximum maturity or final maturity to be not later than December 30, 1978, for
the purpose of taking up, cancelling, refunding and in lieu of a like amount of
interest bearing time warrants described as follows:
City of Stephenville Airport Time Warrants, Series 1959, dated April 1, 1959,
numbered from 1 to 75, both inclusive of the denomination of $1000.00 each, ag-
gregating $75,000.00, bearing interest at rate of 4 3/4 % and maturing serially on
June 1st in each of the years 1974 to 1978, both inclusive. Motion carried.
Mr. George Fagan, with Homer A. Humter Associate Consulting Engineer, reported
to the Council their recommendation for the Contracts A B, C, D & -E and after some
Al
discussion, it was moved by Alderman Hedrick, seconded Ly derman Riggins, that an
ordinance approving the issuing of $175,000.00 in warrants for Water Improvment
Program and naming the companies awarded the contract for A, B, C, D & E, as rec-
ommended by Homer A. Hunter Associates (said ordinance being attached to and be-
coming a part of these minutes). Motion carried.
There being no other business at this time, the Council tood ad' urned sub-
ject to the Mayor's call.
Mayor.
ATTEST:
,ty becretary.