MINUTE BOOK No. 17, CITY OF OXFORD

MINUTE BOOK No. 17, CITY OF OXFORDRECES~, RECESS, REGULAR HEETING 7:00 P. M. FEBRUARY l~, 1957Pursuant to a recess order entered on February 11, 1957, the Hayor and 80ard of Aldermen meton February It), 1957 at 7 :00 P. I'"l. in the Hayor and Board of Aldermens' Chamber in the CityHall when and where the following were present:Richard '-'I. Elliott, Hayor, :?residingB. O. Elliott, Alderm,m at LargeBennie H. Crouch, Alderman Kard One1:Jilliam ~r.Lovelady, Alderman iNard Two~"!illA. TIickman, Alderman l:Jard FourJ. w. Price, Attorney~. "") 101-'J8, ~ngineerGill \rIo Johnson, Supt. of Light DepartmentC. P. Fulmer, ClerkAfter the meeting had been calJ.ed to order, the follmving business was transacted:The Hayor and Board of Aldermen took up a~Etinfor com;ideration the matter of the saleof One Hundred Forty Thousand Dollars ($140,000.00) Special Street Improvement Bonds of theCity of Oxford, Mississippi, pursuant to a resolution adopted by said ['layor and ~oardofAldermen of the City of Oxford on the ~th day of January, 1957.The City Clerk reported that, pursuant to the aforesaid resolution, he did cause to be~)Ubli8hedin the Oxford Eagle, a ne:ispaper published in the City of Oxford, Lafayette County,l'iississippi, a notice that sealed proposals would be received by the Mayor and Board ofAldermen for the sale of said bonds in the chambers of said governing body in the City Hallof said City until the hour of 7:30 o'clock P. H., on I1onday, the 18th day of February, 1957,1\l!ere and 'iThen said bonds wOD~dbe sold, and that said notice was published in said neLvspaperon January 24th and 31st, 1957 and February 7th, 1957; and the City ~lerkpresented to theMayor and Boc::rd of Aldermen proof of publication of said notice in the aforesaid newspaper.At the hour of 7:30 o'clock P. M., on Monday, the 18th day of February, 1957, the CityClerk reported to the Hayor and Board of Aldermen that, pursuant to the aforesaid notice ofsale of Special ~treetImprovement Bonds, there had been filed with him, at or prior to thehour of 7:30 o'clock P. /t., on Honday, the l/)th day of February, 1957, Six (b) sealed proposalsfor the pDrchase of One Hundred and Forty Thousand Dollars ($140,000.00) Special ~treetImprovement Bonds of the City of Oxford, Lafayette Ccunty, Mississippi, and the clerk thenand there presented said sealed proposals to the Hayor and '3oard of Aldermen.Thereupon it was ordered by the Nayor that the City Clerk proceed to open the saidseeded :)roposals and to read the saJTle aloud in the presence and hearing of the Mayor andBoard of Aldermen and of the bidders and other persons assembled.The City Clerk thereuponproceeded to open and read the aforesaid bids, which are swmnarized as follows:j