MINUTE BOOK No. 17, CITY OF OXFORD

(211)L------MINUTE BOOK No. 17, CITY OF OXFORDA T;SOLUTEIJ'J D W'TElIi;} [c01 TIL ;::>;,L::: OF TE2 SL2CT.1ICAL}.=";l.l.TI~:G SYi.JT.sI': OR ~~LJ;CTU C;\L G.6N~3.I',TING P10?~ ~TI'SSOF TIlE CITY OF OXF03.D, AFD DECL.AJT'G THZ INTENTICNOF TIL~ HAY01 AND BOL~ Oli' ALDEm1~'J; OF SLID CITY TOST~LL SAIJ~L3CT ue; GI~~E l.ATING ~)YST:H OR. :;:;;L.~CTRICJ2N .G.ATr~3 ?WPERTI~S, PRUVIDPTG TEE ~j.ANlri~,l OF FIXINGTIl2 p:nC2; THK~.:W[i', J'l}!') P:WVIDHTG FOlt Si'L:~ OF SI·,ID?1\.)?":;'lTISS 2'Cn CASH 0.1 ON DO~'N "J\.YNENT AND DEF'E111iJPJ'Y:'ljNTS'.TTH nfTE1~~ST, P3.0VIDDJG FOR }TO'l'IC8 TO THi~JUALIFISD VOTEi1S OF 'lHE Sl[ D CITY OF OTFORD, AND3ET;"DJG THE TIn~ 701 FINPJ, ACTION OF SAID l1AYOl. PJJD'30JU.D OF ALDER.H"3N ON ITS 1FT iSi'TTIONO S~LL A~TD ONEn ~);:.L'2 OF SAID .:i;Li;CT1IC G;£F i:[tATIFG 3Y3T21-1 OR~:~L~CTUC GEilT~.1ATING P.1C!?:i:l.TI :';S, jellD P~UVIDING ?0i1~H::; PUDLI CATION ()F TIE rr':::';SOU:TICJNBi~ IT 1:,SOLV:::D BY 'l':{ ~ l·JAYl.U ;~Jm :=lOA;LD OF' ALDKUi~'N OF TEi; CITY OF' OXF011D,VISSlo IP'?I, 1,'.:) FOLLOLJ:(1) That the said ::::ity of Oxford sell its municipal electric?,eneratin::r, s'stcm or electric r,:erlcratins proc)erties either [l~.Ca Hhole oroi .ce by Diece, or unit by 1mit, to the hi::;hest r8s~)onsiblebidder for cash,or on such do'm ~ayrnent2ni 1-li th such deferred ;Jayments on the rurchase price,,mj ',-i th such l~;\.Tful ~·2..te of interest as may be deemed reasonable by saidHo.yor and 'loard of Aldermen, ani ~:ith such safe-~~uards as "Jill"est promoteand protect the public interest. Said electric gener~tingsystom, orelectric zenerc:ting proJerties, is des cri bed as follmJ3:1 - Busch 0ulzer Jiesel ~ngin, 1500 H. P. Turbo charged 257 [1. P. H.1000 K. ·H. - G.S.}enerator 2400 Volts, h'ith 125 AEP. :2;xciter125 Volts V-Pelt drive.1 - DeLaver~~ne Diesel ~:;n:;ir}e 750 H. ? 327 !1. ? H. 525 K.2400 Volt ,;ith 125 Al"~P 1:. H. V ~elt Drive Exciter.1 - 400 H. P. Dies,,:;;l :::;ngine 277 :1 .• r. II!. model V."". 'J. ~.,.1enerator 275 K.i • 2300 Volts direct exciter connection 86JUclP-125 Volts.1 - Delaver'~nG :;:nzine 260 lIe P. 277 .l. P. lie 175 K. 1 .• 'l.o.}enerator 2300 Volts Direct connected exciter b5 MiJPS-125 volts.(2) That said ~Jlayor anJ Board of Aldermen by and throu::;h thG r'!;ayorof sDid C;ity, for an~lon ')ehalf of said Sity of Oxford, transfer title to suchelectric::eneratin;; system or electric Generating properties by l-varranty deed,bill of s;:;le, cOY'tro.ct, or in any otberanner provided by lairJ.(3) That notice of the intention of said j'-Iayor and 30ard of ;udermento make s1]ch sc:.le of said electric .zeneratin:~system or electric 'IeneratingprODerties E'or the price ~mdunder the :"eneral terms and condi"ions set outin this 1esolution, be given by pU81ication once a ·\.T8,:;k for three consecutiveweeks in The Oxfocd jagle, a le~'aln81'[S?iJper ;'Jublished in the City of Oxford,l'iississi9:)i, and havinG general circulation in spid :=i-ty of OXfOl'd, and thatunless ',:ithin ten days after the last pUblication of said notice, that is,on or before September 2, 1957, a peti tion si~~nedby not les s than brentyoc,rcent of tlw '~'alifiedvoters of the City of Oxford, .tvdssissiPl)i, be file)obj8ctin; to and ~rotestini~against such sale of said electric generatingsystem or electric ic::eneratin[,: proY;rtie~;,then said';ayor and Board of ,6.1dermen