4 - City of Oxford

97768— moms-mac=
MINUTE BOOK No. 24, CITY OF OXFORD
shall be and the said bonds are hereby awarded and sold to Alvis & Company of
Jackson, Mississippi, in accordance with the offer this day submitted to the
Mayor and Board of Aldermen, in words and figures as follows, to-wit:
Honorable Mayor & Board of Aldermen
City of Oxford, Mississippi
Gentlemen:
May 21, 1968
For $85,000.00 legally issued General Obligation Public Improvement Bonds of
City of Oxford, Mississippi delivered to us in Jackson, Mississippi, dated
June 1, 1968 to bear interest at the rates shown and to mature serially on
March 1 in each of the years, without option of prior payment, as follows:
Amount Due Rate Amount Due Rate
$4,000 1969 5% $5,000 1979 5%
4,000 197o 5% 5,000 1980 5%
4,000 1971 5% 5,000 1981 5%
4,000 1972 5% 5,000 1982 5%
4,000 1973 5% 5,000 1983 5%
4,000 1974 5% 5,000 1984 5%
4,000 1975 5% 5,000 1985 5%
4,000 1976 41% 5,00o 1986 5%
4,000 1977 41% 5,000 1987 5%
4,000 1978 41%
NON-CALLABLE
Said bonds are to be in the denomincation of $1,000.00, both principal and semiannual
interest to be payable at
Bonds to be delivered to us on or before sixty (60) days from this date or
thereafter at our option.
The City of Oxford, Mississippi, will pay all expenses incident to the issuance
of the bonds.
WE WILL PAY PAR and accrued interest from the date of the bonds to the date of
delivery to us, plus a primum of $44.80. (This bid, deducting the premium,
figures an overall interest cost of 4.93478%.)
PROVIDED further that, prior to the delivery of the above mentioned bonds to
us, you are to immediately furnish us with a full and complete certified transcript
of the proceedings had incident to and in the issuance of the bonds which
will evidence their legality to the satisfaction of Messrs. Charles and Trauerhicht,
Attorneys at Law, St. Loijis, Missouri.
We hand you our cashier's check for $1,700.00, Numbered M 13426 as evidence of
our good faith in complying with the terms and conditions of this bid. It
is to be held by you uncashed until the legality of the bonds has been approved
by the above attorneys, and to be forfeited as full liquidated damages should
we fail or refuse to take up the bonds as above provided. The check is to be
immediately to us if this bid is not accepted.
Accepted by resolution of the
MAYOR AND BOARD OF ALDERMEN
ON THE 21st DAY OF MAY, 1968.
(SEAL)
Respectfully submitted,
ALVIS AND COMPANY
UNION PLANTERS NATIONAL BANK
BY; /s/ Lester Alvis, Jr.
SECTION 2. That the Mayor and the City Clerk be and they are hereby
authorized and directed to endorse upon the aforesaid offer a suitable notation
in evidence of the acceptance thereof for and on behalf of the City of Oxford.