4 - City of Oxford

MINUTE BOOK NO. 24, CITY OF OXFORD 20-D
Proposals shoulc be addressed to the Mayor and Board of Aldermen and
should be plainly marked "Proposal for Bonds," and should be filed
with the City Clerk on or prior to the date and hour hereinabove
named. Each bid must be accompanied by a cachier's check, certified
check, or exchange, payable to the City of Oxford, Mississippi, issued
or certified by a bank located in the State of Mississippi, in
the amount of One Thousand, Seven Hundred Dollars ($1,700), as a
guarantee that the bidder will carry out his contract and purchase
the bonds pursuant to his bid and contract, the amount of such good
faith check shall be retained by the City and shall be paid into the
Treasury of the City.
The Mayor and Board of Aldermen reserve the right to reject any or
all bids.
In the opinion of Counsel, these bonds will be general obligations
of the City, payable, both as to principal and interest, from ad
valorem taxes which may be levied, without limit as to rate or amount,
upon all taxable property within said City.
These bonds are offered subject to the unqualified approval of the
legality thereof by the law firm of Charles and Trauernicht of St.
Louis, Missouri. The City will pay the legal fees and will pay for
the printing of the bonds and the cost of the validation of said
bonds. Delivery of the bonds will be made to the purchaser within
sixty days after the date of sale, at a place to be designated by
the purchaser and without cost to the purchaser.
By order of the Mayor and Board of Aldermen of the City of Oxford,
Mississippi, this 23rd day of April, 1968.
SECTION 6. That the City Clerk shall obtain from the publisher of the
aforesaid newspaper the customary publisher's affidavit proving publication
of said notice for the time and in the manner required by law, and such proof
of publication shall be filed in the Clerk's office.
Alderman King seconded the motion to adopt the foregoing resolution,
and, the question being put to a roll call vote, the result was as follows:
Alderman Hannaford voted yea
Alderman King voted yea
Alderman Owens voted yea
Alderman Sisk voted yea
Alderman McLaurin voted yea
The motion having received the affirmative vote of all the members of
the Board of Aldermen present, the Mayor declared the motion carried and the
resolution adopted, this 23rd day of April, 1968.
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