4 - City of Oxford

44
97768—armowitom
MINUTE BOOK No. 24, CITY OF OXFORD
The Mayor and Board of Aldermen again took up for consideration the matter
of the sale of Eighty-five Thousand Dollars ($85,000) Public Improvement
Bonds of the City of Oxford, Mississippi, pursuant to resolutions adopted on
the 19th day of March, 1968, and on the 23rd day of April, 1968.
The City Clerk reported that, pursuant to the aforesaid resolution, adopted'
on the 23rd day of April, 1968, he did cause to be published in The Oxford
Eagle, a newspaper published in the City of Oxford, Lafayette County, Mississ-
ippi, a notice that sealed proposals for the purchase of the aforesaid bonds
would be received by the Mayor and Board of Aldermen at the City Hall of said
City of Oxford until the hour of 7:30 o'clock P. M., on Tuesday, the 21st day
of May, 1968; that said notice was published in said newspaper on May 9th and
May 16th, 1968; and the City Clerk presented to the Mayor and Board ofAldermen
proof of publication of said notice in the aforesaid newspaper.
The hour of 7:30 o'clock P. M., on Tuesday, the 21st day of May, 1968,
having arrived, the City Clerk reported to the Mayor and Board ofAldermen that,
pursuant to the aforesaid notice of bond sale, there had been filed with him,
at or prior to the hour of 7:30 o'clock P. M., on Tuesday, the 21st day of May,
1968, four (4) sealed proposals for the purchase of the aforesaid bonds of the
City, and the City Clerk then and there presented said sealed proposals to the
Mayor and Board of Aldermen.
Thereupon, it was ordered by the Mayor that the City Clerk proceed to open
the said sealed proposals and to read the same aloud in the presence and hearing
of the Mayor and Board of Aldermen and of the bidders and other persons assembled.
The City Clerk thereupon proceeded to open and read the aforesaid bids, which
are summarized as follows:
NAME OF BIDDER
Alvis & Company
The First National Bank
of Memphis
United Municipal Investment
Corporation
National. Bank of Commerce
in Memphis
FOR BONDS BEARING AVERAGE
INTEREST AT THE AMOUNT INTEREST
RATE OR RATES OF OF BID RATE
1969-1975 - 5%
1976-1978 - 41%
1979-1987 - 5% $85,044.80 4.93478%
1969- 1979 - 51%
1980 -4.70%
1 981 -4.80%
1982-1987 - 5% $85,000.00 5.0407%
1969-1975 - 6%
1976-1987 -5.40% $85,000.00 5.4721%
1969-1987 - 51% $85,100.00 5.4885%