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

MINUTE BOOK No. 14, CITY OF OXFORDDEMENT - MERIDIAN~ .. -;:."There came on for discussion the matter of the need for the City to issue special·improvement bonds to pay for certain special improvements which have been done overthe last few months and further for those to be done during the next few months.The City Engineer estimated that it WOuld be necessary to issue such bonds in theminimum amount of $200,000.00. Tbe City Attorney stated to the Mayor and ~oardthat it would be necessarY for there'to' be an agreement between the MayQr and ~oardand himself relative to a fee for the handling of said issue. He rurtber statedthat the usual and customary fee vas in the amount of 1% of the bond issue. Afterconsiderable discussion it vas agreed b,y and between the Mayor and Board and the CityAttorney that the City Attorney would handle said issue for a fee of One ThousandDollars ($1,000), it being understood and agreed 'that the City would take care of allexpenses of the issue, including costs of printing the bonds, court costs, the feeof the state bond attorney, the fee of the usual approving attorneys, Charles &Trauernioht of St. Louis, Mo., and all other usual costs. All members of the Mayorand Board of Aldermen agreed to the foregoing arrangement, as did the City Attorney.********************************The remainder of the time of the meeting was spent in equalizing the tax roll.*********************************Upon motion made, seconded and passed, it vas ordered that this Board do now recessuntil 7 o'clock P. M. Tuesday, October 10, 1950.