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

404MINUTE BOOK No. 14, CITY OF OXFORD~-~'"'"' - ",em,,,IRECESS, RECESS, RECESS, RECESS, RECESS, REGULAR MEETING 7: 30 P. M. SEPTEMBER 24, 1951Pursuant to a recess order entered on September 1S, 1951, the Mayor and Board of Aldermenmet on Monday, September 24, 1951, in the Mayor and Board of Aldermen's Chamber in theCity Hall, when and where the following were present:JR. X. Williams, Mayor, Pres idingB. O. Elliott, Alderman at LargeBen J. Hilbun, ,Alderman Ward OneW. T. Chandler, Alderman Ward TwoH. S. Sisle, Alderman Ward ThreeRobert W. Hickey, Alderman Ward Four********************J. W. Price, City AttorneyE. P. Lowe, City EngineerC. P. Fulmer, Deputy City Clerk*****************After the meeting had been opened according to law, the following business was hadto-wit:The following resolution was presented to the Mayor and Board of Aldermen by the CityEngineer for their consideration:A RESOLUTION DIRECTING THE ISSUANCE OFTltlENTY-FIVE THOUSAND DOLLARS OF SPECIAL STREET IMRPOVE­HElIT NOTES, SERIES 1950, OF THE CITY OF OXFORD, MISS­ISSIPPI, SAME BEING NOTES 38-42 INCLUSIVE, TO M. A.SAUNDERS & COMPANY, INC., OF HEMPHIS, TENNESSEE, ANDCADY & COMPANY, INC., OF COLUMBUS, MISSISSIPPI, JC INTLY,UPON PAYHENT THEREFOR AT PAR AND ACCRUED INTEREST.Whereas, at a recess meeting of this GoverningBody held on November 22, 195.0, an ordinanc.e'l-Tas passedentitled "AN ORDINANCE AUTHORIZING AND DIRECTING THEISSUANCE OF TWO HUNDRED FIFTY-EIGHT THOUSAND DOLLARS($258,000.00) SPECIAL STREET IMPROVEMENT NOTES OF THECITY OF OXFORD, MISSISSIPPI, PRESCRIBING THE FORM ANDDET AILS OF SAID NOTES, DIRECTING THEIR EXECUTIO;T ANDDELIVERY, AND PROVIDING FOR THE PAYHENT THEREOF, BOTHPRINCIPAL ~NDINTEREST:And, whereas said notes were validated by adecree of the Chancery Court of Lafayette County,Mississippi, in Cause No. 9031 of said Court on December9, 1950;And, whereas said ordinance and said decreeauthorize this Governing Body to issue said notes atsuch time or times and in such amount or amounts as may