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HomeMy WebLinkAbout01/17/1955 - Regular Minutes - City CouncilREGULAR CITY COUNCIL MEETING January 17, 1955 The City Council met in regular session at 7:00 p.m. January 17, 1955 with the following present: Mayor Langford; Councilmen Black, Boyett, Orr, Pugh, Seeger and Sorrels; City Attorney Barger; City Manager Boswell and City Secretary McGinnis. Mr. R. H. Baker with Rowles, Winston & Company, Mr. J. F. Kocurek with Rauscher, Pierce & Company, Mr. Ernest L. Brown with Moroney, Beissner & Company, and Bill Fullerton of the Battalion were visitors. Councilman Pugh made a motion, seconded by Councilman Sorrels, that Ordi- nance No. 202, an ordinance granting a franchise to the Southwestern States Telephone Company, be passed to the second reading. The vote of the Council was unanimous in favor of the motion. Mayor Langford reported that an amicable agreement had been reached be- tween the City of College Station, Rowles, Winston & Company, and Mr. Ernest L. Brown relative to the $110,000.00 Waterworks and Sewer System Revenue Bonds, Series 3, 1951, and that he had signed the contract with Rowles, Winston & Company as authorized by the Council at the meeting held on January 10, 1955• Councilman Sorrels made a motion, seconded by Councilman Boyett, that Mayor Langford be congratulated for the honor he had brought to the Council and the City of College Station by being selected as "Man -of -the -Year" by the College Station Development Association and Chamber of Commerce. The vote of the Council was unanimous in favor of the motion, Mayor Pro - tem Orr presiding. Bids on the sale of the $265,000 Electric Light and Power System Revenue Bonds, Series 1955, were opened as advertised, -the following companies having submitted bids: Rowles, Winston & Company of Houston First of Texas Company of San Antonio Ditmar & Company of San Antonio Rauscher, Pierce & Company of San Antonio Russ & Company of San Antonio Fridley & Hess of Houston First Southwest Company of Dallas Tabulation of bids showed that Rowles, Winston & Company had submitted the most favorable with an effective interest rate of 3.0455 percent. Councilman Orr made a motion, seconded by Councilman Sorrels, that the city accept the bid of Rowles, Winston & Company for the 0265,000 Electric Light and Power Revenue Bonds, Series 1955, voted by the Citizens of College Station on December 11 1954• The vote of the Council was unanimous in favor of the motion... X35 30 I /4, (' Regular City Council P4eeting Continued January 17, 1955 ® The Council set 6:00 p.m. Tuesday, January 25, 1955, as the date for a special meeting for the purpose of passing ordinances authorizing the issuance of the bonds. Councilman Sorrels made a motion, seconded by Councilman Orr, that Mr. Rennie Baker, of Rowles, Winston & Company, be requested to employ Vinson, Elkins, Weems, & Searles, of Houston to prepare the ordinances, etc., relative to the issuance of the bonds. The vote of the Council was unanimous in favor of the motion. Z APPROVED: U) Mayor ATTEST: CejL��C, d i r City Secretary t� Z UU531