MINUTE BOOK No. 17, CITY OF OXFORD

~.~~~----~~~~~---------------------------------------------------------------------------------------------~f, (r--MINUTE BOOK No. 17, CITY OF OXFORD~.------------------------------------------------------------------------------------------------------------------~!II134K-TOM L.. KETCHINGS co., NATCHEZName of BidderFor Bonds Bearinginterest at therate ofAmount of BidNet InterestCost137Herman Bensdorf & Company& Alvis & CompanyHarrington & Co., Inc.M. A. ~aunders & Co., Inc.& Union Planters Natl. BankAllen and Company &Scharff and Jones &John R. Nunnery CompanyLewis & Company &Kroeze, IlIJ.cLarty & Co.First National Bank ofNemphis, Tennessee3%; 58 thru 623~%; 63 thru 673-3/4% 58 thru 623% 63 thru 673~% 58 thru 63317~ 64 thru 673~% 58 thru 633 4 % 64 thru 673~% 58 thru 61310 62 thru 63J~% 64 thru 67premium-$39.20premium $154.00premium $11.11premium $43.40premilL"Tl $50.003.1767%3.1e454545%3.265% averageinterest cost overlife of bondsFollowinr, the reading of the bids, The Mayor and Board of Aldermen proceeded to considerthem for the purpose of determining which was the best and most advantageous bid submitted.l~lhereupon,Alderman \-.fill A. Hickman offered and moved the adopticn of the following resolution:RESOLUTION DlREGrING SALE AND A.vARD OF ONE HUNDID..Ll AT\TD FO>lTY THOUSAND DOLIA qs($140,000.00). SPECIAL STREET IHPROVEME:N'I' BONDS OF THE CITY OF OXFORD, LAFAY"STTECOUNTY, MISSISSIPPI, DATED MARCH 1, 1957.WHEREAS, the Mayor and Board of Aldermen of the City of Oxford, Mississippi, on the 8thday of January, 1957, did adopt a certain resolution directing that One Hundred and FortyThousand Dollars ($140,000.00) Special street Improvement Bonds of the City of Oxford, LafayetteCounty, ~lississippi,be offered for sale on sealed bids at 7:30 o'clock P. M., on Monday, the18th day of February, 1957, in the Chambers of this governing body in the City Hall of saidCity; and~vHE=tZAb,as directed by the aforesaid resolution and as reqUired by Chapter 325, Lawsof Ynssissippi, 1946, the City Clerk of the City of Oxford did give notice of the sale of saidbonds by publication in the Oxford Eagle, a newspaper published in the City of Oxford, LafayetteCounty, Mississippi; said notice having been published in said newspaper at least two times,and the first publication having been made at least ten (10) days preceeding the 18th day ofFebruary, 1957; all as ShOI.n by proof of publication of said notice filed in the office of theCity Clerk; and~'JHE BAS, the IVlayor and Board of Aldermen did meet at the office of the said governingbody in the City Hall of said City at 7:30 o'clock P. H., on Monday, the 18th day of February,1957; and,hHEREAS, at said time and place six (6) sealed proposals for the purchase of said specialstreet improvement bonds were received, examined and considered by the Mayor and Board ofAldermen; and1r~HER.EAS,the Mayor and Board of Aldermen find and determine that the highest and bestbid made for said bonds was made by Herman Bensdorf & Company of Memphis, Tennessee and Alvisand Company, of Jackson, Memphis and further find that said offer was accompanied by a checkpayable to the City of Oxford, IJIississippi, in the amount of Twenty Eight Hundred Dollars($2,800.00), as a guarantee that said bidders would carry out their contract and purchasethe bonds if their bid be accepted.i"--