4 - City of Oxford

the amount of Five Thousand Dollars ($5,000), issued or certified by a panic
cated in the State of Mississippi, as a guarantee that said bidders would
rry 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
:TY OF OXFORD, MISSISSIPPI, AS FOLLOWS:
SECTION 1. That the Two Hundred Fifty Thousand Dollars ($250,000) Electric
'venue Bonds of the City of Oxford, Mississippi, bearing date of September 1,
)69, shall be and the said bonds are hereby awarded and sold to Chandler Se-
irities Corporation, M. A. Saunders & Company, Inc., Associates in accordance
ith the offer this day submitted to the Mayor and Board of Aldermen, in words
nd figures as follows, to-wit:
CHANDLER SECURITIES CORPORATION
eginaracesumav
MIGUMEMMOWR
Investment Bankers
NILLEPOIONS 1011170
Colounbes, Mississippi
IN) Honorable Mayor and Board of Aldermen -
Oxford. Mississippi
For S. 250, 000
for electric system purposes, said bonds to be datedlt .
the months of June and December both principal and interest to be payable at
Accepted and agreed to by resolution duly passed by the
'of the City of Oxford, Mississipni t
this day of August
, as 69
7L/
MnynD anri Tinarsi of Alaprmon
WEAL) Olementagia-Mayor.
7/
on
August 5, 1969
bends proposed to be issued by the City of Oxford, Mississippi
to•be of the denomination of $1..Q.KSKaa..00 , with interest payable semi-annually in.
a place to be designated by us subject to your approval
said bonds to be_special obligations of said 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, witiunat 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.
• o
Said bonds to be callable June 1, 1975 @ 102.00.
Said bonds to be delivered to us in
a place to be designated
without expense to us, on or before 60days from this date , or thereafter at our option.
We will pay you for said bonds par plus accrued interest to date of delivery.
sh. KS A PArariten so rgirrie xereear---ct, cr--thcrt.,4
All expenses of the issue to be paid by said city in accordance with your notice of
sale.
PROVIDED that you promptly furnish us, prior to the delivery of the bonds to us, without cost to us, a full
transcript, properly certified, of all proceedings had prior to and incident to this issue, satisfactorily evidencing to
our attorneys the legality of the issue in all respects; end, you agree to take such further action as our attorneys
may requre, to establish the validity of said issue.
As an evidence of our good faith, we hand you herewith our check No. 22167 for $ 5,000.00
to be held by you uncashed pending our compliance with the terms and conditions of this bid, and to be forfeited
by us as full liquidated damages in case of our failure to comply with the terms and conditions of this
agreement. rf for any reason this bid is not accepted, or if for any reason our attorneys decline to approve the
issue, said check is to be immediately returnd to us.
ASSOCIATES:
M. A. Saunders & Company, Inc.
Memphis, Tennessee
Respectfully submitted,
GRANDEE EDIDINEMINEWZIKEITL
ITIES CORPORAT
By
1