Book 14 (January 1950 - July 1954) - City of Oxford

' .. ~121 :RECESS, REGULAR MEFil'ING 7:30 p. M.LIGHT A~m WATER DEPOSIT FU}ID------~.-- -_.-.. _-mLY 11, 1950A.'tvfOIDIT16673667/ ..6688Paul M. Busby, refund of balance of light depositDan Mitchell, refunc'l. of balance of light depositPeter F. Marchisio, refund of balance of light depositTOTA.L2.002.$1y:hM: __$7.98The Chase National Bank of NElVI York, exchange5.00888987Hetts Brothers H!3.rdHare, kemtoneElliott Hardware Co., ffi{ing hooksGeneral Fund, tr~nsferTarA.L7.38.25~3, 500.00:1$3,508.63* * * * * **The Mayor and Board entered into a discussion of the present need of cash on handfor current expenditures of the City government. It was brought out that certain revenuesand taxes would be available within the near future to take care of the City's current expenditureg;"~owever,it was decided that the sum of $25,000.00 would be necessary in order for theCity to meet immediately its current obligations and that a loan for such amount ~hould benegotiated. On motion of Ben J. Hilbun, seconded by Alderman T. E. Combs, it was moved thatthe Mayor be authorized to negotie.te a loan in the maXllIrum' amount of $25,900.00 for the City,and that he be authorized further to execute the necessary promissory notes or amy other paperto secure the said indebtedness. Motion was carried unanimously.* * * * * * * * *Aldermen T. E. Combs made a motion that the City issue $100,000.00 in bonds to payfor the large number of special improvements authorized and being constructed and that theCity Attorney be instructed to prepare the necessary papers and initiate the ~ecessarvprocedure. Aldermen B. J. Hilbun seconded the motion and it was carrj.ed unanimously.v* * * * * * * *On motion made, seconded and passed unanimousl..v, it was ordered that Bill Inmonbe employed by the City of Oxford as firemen for night duty. It is further orderedthat said fireman be paid $150.00 ner month.* * * * * * * * *Comp~ying with the request of E. P. Lowe, the City Engineer, for an increase in salary,Alderman Ben J. Hilbun made the motion that Mr. towels saleTY be raised from $250.00 permonth to $300.00 per month. This motion was seconded by:H. S. Sisk and passed unanimously,and it is further ordered that this increase become effective as of the 1st day of July, 1950.* * * * * * * * *L.