4 - City of Oxford

332
97768— oromes-neact
MINUTE BOOK No. 24, CITY OF OXFORD
WHEREAS, the Mayor and Board of Aldermen did meet at the City Hall of the
City of Oxford, Mississippi, at 7:00 o'clock P. M., on Tuesday, the 5th day of
August, 1969; and
WHEREAS, at said time and place one (1) sealed proposal(s) for the pur-
chase of the aforesaid bonds were received, examined, and considered by the
Mayor and Board of Aldermen; and
WHEREAS, the Mayor and Board of Aldermen find and determine that the highes
and best bid made for said bonds was made by Chandler Securities Corporation,
M. A. Saunders & Company, Inc., Associates, and further find that said offer
was accompanied by a certified check payable to the City of Oxford, Missippi,
in the amount of Five Thousand Dollars ($5,000), issued or certified by a bank
located in the State of Mississippi, as a guarantee that said bidders would
carry out their contract and purchase the bonds if their bid be accepted:
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) Electric
Revenue Bonds of the City of Oxford, Mississippi, bearing date of September 1,
1969, shall be and the said bonds are hereby awarded and sold to Chandler Se-
curities Corporation, M. A. Saunders & Company, Inc., Associates in accordance
with the offer this day submitted to the Mayor and Board of Aldermen, in words
and figures as follows, to-wit:
CHANDLER SECURITIES CORPORATION
evisciFe
NiKSWORTSCIKOP2
Investment Bankers
YWNONS FA MAIM
Glwn s, atkeissippt
To Honorable Mayor and Board of Aldermen
Oxford. Mississippi
For $ 250,000 bonds proposed to be issued by the City of Oxford, Mississippi
for electric system purposes, said bonds to be date September
c.90;
to'be of the denomination of $ 1.000 or 5.000
, with interest payable semi-annually in.
the months of June and December , both principal and interest to be payable at
a place to be designated by us subiect to your approval ;
said bonds to he speFial obligations of sai City of Oxford
payable from revenues of the electric system
of said city and to be on a parity with any electric system revenue bonds now outstanding.
and to mature, withawit option of prior payment, and to bear interest as follows:
Said bonds to mature on June 1 as follows: $25,000 each year 1971 through 1980.
Bonds maturing in the years 1971 through 1978 to bear the rate of A
Bonds maturing in the years 1979 through 1980 to bear the rate of Z.
■ a
Said bonds to be callable June 1, 1975 @ 10240.
Said bonds to be delivered to us in a place to be designated
without expense to us, on or before 60 days from this date , or thereafter at our option.
We will pay you for said bonds par plus accrued interest to date of delivery.