HomeMy WebLinkAbout01/10/1955 - Regular Minutes - City CouncilI'OJ
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CALLED MEETING OF THE CITY COUNCIL
January 10, 1955
The City Council met in called session at 7:00 p.m. January 10, 1955,
with the following present: Mayor Langford; Councilmen Black, Orr, Pugh,
Seeger and Sorrels; City Attorney Barger; City Manager Boswell and City
Secretary McGinnis.
Mr. Rennie Baker with Rowles, Winston & Company of Houston was a
visitor at this meeting.
This meeting was called to discuss with Mr. Baker certain problems
relative to the sale of the $110,000.00 Water and Sewer Revenue Bonds on
January 17, 1955, as advertised.
After a rather lengthy and informative discussion of certain problems
involved in the sale -of the bonds voted in 1951, the following action was
taken:
Councilman Orr made a motion, seconded by Councilman Pugh, that Mayor
Langford be authorized to sign the contract entered into with Messrs. Rowles,
Winston & Company, dated January 10, 1955, merging a previous contract dated
March 12, 1951, provided the city is advised by a competent bond attorney
that the contract is in proper form and is satisfactory to Mr. Ernest L.
Brown who is acting as financial advisor to the city.
Mayor Langford and Councilmen Orr, Pugh and Seeger voted in favor of
the motion. Councilmen Black and Sorrels were absent at the time the vote
was taken, they having left the meeting earlier in the evening.
ATTEST:
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City Secretary
APPROVED:
Mayor
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