MINUTE BOOK No. 17, CITY OF OXFORD

IIFMINUTE BOOK No. 17, CITY OF OXFORDlit-aUK-TOM L. KETCHINOS CO., NATCHEZTHE CITY OF OXFffiD MISSISSD-'PI DELIVJ.',ii.ED TOPART OF THIS BIDBONDS HATUiUNG 19',1 THROUGH 1963 INCLUSIVE TO BEAR 4% COUPONR,N0S iVIATURING IN 1970 to BEAR 2-1/2% COUPONsaid bond") to be of the denomination of 4Pl,OOO.OO.Bering interest at the rate of _______.J;per cent)er annum.Payable I~\Yto be desirnated by us and a~reeable to the city.Bank in the City of _________________WE WILL PAY PAR AND ACCiWED INTEREST PLUS A PREMIill.f OF $233.60.the le~alitya~reein,;tr' nscri,t of r,ll '~rocedinp:sother certifictes and take such further ~ction,i\..US B AS ADVE[{TISED dated MAY L, 1958, and tomature AS SHOwN ON YOUR OFFICIAL .,OTICl;; OF SALL A COpy OF 'vJHICH IS ATTACHED HE3.ETO AND I11ilDE ABONDS MATUH.ING 1964 THROUGH 1965 iliNCLUSIVE TO B1AR 2-i/2% COUPONBONDS HATURING 1966 THROUGH 1969 INCWSIVE TO BEAR 2-3/4% COUPON& NOViMBER semi-annually, both principal and interest payable at a bankThis bid is made exorcssly subject to the approval by recol::nized bond attorneys ofof said bonds an' the taxatim of rev nue pled:;ing provisons relatinr thereto, youto furnish us '")ro'nptly and prior to the celi very of sain bonds, with a fuill certifiedhad incident to the issuance of said bonds, and to furnish suchif say, as such at orneys may reasonalby request.We herewith hand you our check for $4,000.00 numbered 1790 as evidence of our p;ood faithin complyinr: with the terms and conditio s of this bid, and is to be held by you uncashed unl',ilthe ler,ality of scme has been approved by reconized bond attorneys, and to be forfeited as fullliquidated samac:es should we fail or refuse to t,lke up said bonds as above provided.Said checkis to be immediately returned to me if this bid is not accepted.ACCEPTED, t.his _6.;;..t,;;.;;h.::...-_day of May, 1 ;;5R.Respectuflly Submitted,EQUITABLE; SECUlUTIES COHPORATIONKROElE, McLARTY & COMPAN~BY: JADK McLAR.TYSECTION 2. That the Mayor be and is hereh to endorse upon.the aforesn.ir' o{Fer a sutabl, notation in evidence of the acceptance thereof for and on behalfothe City of Oxford.SECTION 3.That the "ood faith checks filed by all unsuccessful bidders forthwith beretu.rned to them u on their resnective receints therefor, and that the ~oodfaith c['eck filedby the Buccesc;fu1 bidders be retained by the City as a /!:uarantee that the bidders will carryout their contract 'md purchase the bonds.If he successful bidders should fail to purchase thebonds pursuant to their bid and contract, the amount of such ~oodfaith check shall be retainedby the City of Oxford as liquidated damaf,es for sucp failure.SECTION 4. That the Mayor and Boad of Aldermen shall hereafter, by proper ordinanceor resolution, lrovide for the preparation, execution, and delivery of the ilforesaid bonds inaccordance with the terms of the contract for the sale thereof.