HomeMy WebLinkAbout04-30-1936 Special Meeting10-
LaIlUT`ES OF SPECIhL I MTIl1� OF TF ; T0'�iI1 C OU',XIL
OF THE TUO OF F -JiZHOPE I1ELD 01T THURSDAY, aPRIL
30 TT3, 1.936.
The T mNin Council of the TOW11 of Fairhope, Baldwin C oun ty,
Alabama, filet in special laeeting at the Town Hall, in Fair -hope, 4.l.a-
baraa, Ap ri 1 30 th, 1936s at 10 : 30 A. T;;. , when and ;riie re the follow-
ing raembers viere present, to -wit: Hoviard Huge, i.Talror; T.Iessrs.
C. n. Gaston, T. J. I;1tLtpp, J. 0. Stirapson and 0. Bprglin,
C ounc ilri.en
(,. 'eeble: being absent.
Due and proper notice of said special meeting of the
y mvn Council having been �__ ven to each of tile i iei:ibe rs of said
Tovin Council, alid each bein- present, does ilereby viaive formal
notice of the said me etinr�, and as evidence thereof sill the rainutes
of this i,leetin-.
Tile follovring business v:as transacted:
Tile �y�ovi�; r1ouncil, ill accordance -, itil ordinances and
notices duly passed and s iven, proceeded to sell to the highest
bidder, at auction, its neLotiable coupon bonds to the a_nlount of
orty-tro T=lous,anC� (,412, 000,o00) Dollars (Refunding ponds) , in de-
noriin ti ons of ClIe Tllous and (V;1, 000.00) Dollars each, and the First
1ational Boalk of .Io;�i le, obile, 11a j '. La, vlas the highest, best,
and lest bidder for said bonds, bidding I•;ir.ety-seven an�1 40/100
Dollars at four and. three-quarters (4 3/4Io) per cent in-
terest. Merchants rational
-sank of Mobile bidding
97.35 at 4
3/4 .
Motion was iaade
by Cotzncili-aan Stimpson
and seconded
by
Counc i lr1ran Gaston that the offer of the First ITati onal Bank of
I:Iobile, I,Iobile, ,lal�a_la, be accepted and bonds sold to said First
IlationalBanli of I,Tobile, and said riotion being pit upon its passage
vlas adopted; votinL therefor I.?ayor Ruge, Councilmen Gaston, Stii:ip-
son, 1:lur1lyap, and i er glin; voting a _;ains t the s ai:ie, none. `l'1e Irlayor
declared the motion carried.
Lotion was iilade by Councilman Gaston and seconded by
'Ofo 9
-2-
Councilman Stimpson that the money received fro: i- the sale of said
bonds be deposited in the Fi
rst -T,,tional Bank of I,Tobile, I-obile,
,aaba--ria, and t.;-ie swie being put upon its passage <"as adopted;
voting therefor Iiayor Ruse, Gouncilmen aaston, humpy), Stimpson,
X,
and -erglin; vot-inE, against the sa?ie r
one The :jailor declared
the riot ion carried.
11otion was i,iade bar Councilman 13erglill and seconded by
Councilman Gaston t11at- the r.,ieetinL adjourn. 1.1otion carried.
"'IMST:
ToWn 4le ri-
T
I, lai.�iber of Council.
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-i i 4i � 0 �2�
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