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

______\349 .MINUTE BOOK No. 14, CITY OF OXFORDThe Mayor and BOt!rd Entered into Q cliscussion 0: the present necd of cash onhand for current expenditures of the City ~;oyer~nt. It \-Tas brol1ght outthat certain revenues and taxes uOl:ld be available Hithin the near future totake care of the City's cu...ryent expenditures; ho'.!ever, it 'as decided that thesUl'l. of ~)8,000.00 uoul(l. be necessary in order for the City to meet irnmedi2telyits current obligations and tbat a loan for such amount should ho negotiated.On motion of Alderman Hickey, seconded b-' Alc'l.erman Sisk, it Has movGd that the:Hayor be authorized to negotiate a loan in the maximum 8;.110tU1t of ;:;;8,000.00for the City and that he be authorized further to execute tbe necessary promissorynoteG or any other paper to seCUL8 the said indebtedness. Notion ,·rascarried unanimously.******************************Cn motion made, soconded 9.nd passed unanimously, it 1,113.8do nm! recess until 7:30 p. 1:., Honday, }19.y 21, 1951.•. _ __ _ _____ .• _ _ __ . __ ~ordered ths.t th:.ts Board~J.___ ~_ ••_________________________..JL__,IIIIII