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

48~1I>------~-"~~ -, -- - . ,- ' "-DEfMENT - MERIDIANMINUTE BOOK NQ. 14, CITY OF OXFORDlMr. c. P. Fulmer, Deputy Clerk, brought to the attention of the Mayor and Board of Aldermensome outstanding indebtedness that should be taken care of, and since the City did not havethe funds to take care of same immediately, the Mayor and Board of Aldermen took up forconsideration the matter of borrowing the sum of $32,500.00 for the following purposes:Note at the First National Bank ----------------------------- $5,003.33Note at the First National Bank ------------------------ ---- $5,779.54Reimbursement due Special Street J~Jprovement Fund # 2 ----- $15,972.00To pay the balance of money due on tractor ---------------- $5,646.62Upon motion made by Alderman B. O. Elliott, seconded by Alderman B. J. Hilbun andpassed unanimously the following resolution was adopted:Be and is hereby resolved that the City of Oxford, 11ississippi be and ithereby is authorized to borrow the sum of $5,600.00 for the current expenses ofsaid municipality in anticipation of the ad valorem taxes to be collected for thecurrent fiscal year pursuant to and by virtue of section 3598-13 of the Mississippi.... ,Codeof 1942 as amended.Said indebtedness shall be evidenced by a negotiable note signed and executedon behalf of said City by its Mayor and City Clerk.******~*****~************Upon motion made by Alderman B. O. Elliott, seconded. by Alderman Ben J. Hilbun andPassed unanimously the following resolution was adopted:Be and is hereby resolved that the City of Oxford, Mississippi be and it herebyis authorized to borrow the sum of $26,900.00 for the current expenses of said municipalityin anticipation of the ad valorem taxes to be collected for the current fiscal yearpursuant to and by virtue of section 3598-13 of the Mississippi Code of 1942 asamended.Said indebtedness shall be evidenced by a negotiable note signed and executed onbehalf of said city by its mayor and city clerk./ I1L-R, w. W!!.::::;il;:.;l==i~ams= _____ , Mayorlsi Robert \-1. Hickey, City Clerk*********************A discussion of salaries and employees was had and motion made by Alderman Hilbunthat all regular employees of the City of Oxford be allowed a maximum of twelve dayssick leave per year and not to be paid for any time over that and sick leave not to betaken unless sick, second by Alderman Elliott and all voted Yea.__************************On motion made by Alderman Robert W. Hickey, seconded by Alderman B. O. Elliott andpassed unanimously, it was ordered that this Board do now recess until 7:30 P. M.,T~u~eS~d~_Y_' _J~a~n~ua_r_Yl'~19_52_. ________ .. _H~' _____. _______________ ~~j