4 - City of Oxford

3 4
97768- RZYCIIIM-RUM
MINUTE BOOK No. 24, CITY OF OXFORD
WHEREAS, the Mayor and Board of Aldermen of said City of Oxford are now
fully empowered and legally authorized to issue the said bonds:
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND BOARD OF ALDERMEN OF THE
CITY OF OXFORD, MISSISSIPPI, AS FOLLOWS:
SECTION 1. That the Two Hundred Fifty Thousand Dollars ($250,000) Elec-
tric Revenue Bonds of the City of Oxford, Mississippi, hereafter shall be
issued under and pursuant to the declared intention of said Mayor and Board of
Aldermen of said City as declared by resolution heretofore adopted on the
3rd day of June, 1969.
SECTION 2. That said bonds shall be offered for sale on sealed bids to
be filed with the City Clerk of the City of Oxford, Mississippi, at the City
Hall in said City at or before the hour of 7:00 o'clock P. M., on Tuesday,
the 5th day of August, 1969; each bids to be accompanied by a cashier's check,
certified check, or exchange, issued or certified by a bank located in the
State of Mississippi, payable to the City of Oxford, Mississippi, in the amount
of Five Thousand Dollars ($5,000), as a guarantee that the bidder will carry
out his contract and purchase the bonds if his bid be accepted. If the success-
ful bidder fails to purchase the bonds pursuant to his bid and contract, the
amount of such good faith check shall be retained by the Mayor and Board of
Aldermen and covered into the general funds of the City ofOxford as liquidated
damages for such failure. The Mayor and Board of Aldermen reserve the right to
reject any or all bids submitted, and if all bids are rejected, to sell said
bonds at private sale at any time within sixty days after the date advertised
for the receipt of bids, at a price not less than the highest bid which shall
have been received at such advertised sale.
SECTION 3. That bidders for said bonds be requested to desipnate in
their bids the price they will pay for bonds bearing interest at a rate or
rates, but not more than three different rates, likewise to be designated in
their bids; provided however, that all bonds of the same maturity shall bear
interest at the same rate.
SECTION 4. That, as provided by Chapter 325, Laws of Mississippi, 1946,
the City Clerk shall be and is hereby authorized and directed to give notice
of the sale of said bonds by publication at least two times in The Oxford Eagle,
a newspaper published in the City of Oxford, in Lafayette County, Mississippi,
the first publication to be made at least ten (10) days preceding the date
set for the receipt of bids, and such notice to be in substantially the follow-
ing form, to-wit: