HomeMy WebLinkAboutMinutes - City Council - Regular - 7/21/1922July 21st, 1922.
The Commission net in Special session with the following present:
Mayor, Percy Spencer, Commissioners H.G.Love, J.O.Jones, ti'y.S.Posey and
Geo.C.Wolffarth, R.A.Sowder, City Attorney and J.R.Germany, Secretary.
The Mayor stated that this was the day that the bonds had been advertised
to be sold and that several Bond Buyers were pres$at.
It was moved that the bonds be sold at auction, Mr. W.A. Myrick being
the highest bidder the following bid was accepted by a unanimous vote.
July 21st, 1922
To the Hon. Mayor and City Commission,
City of Lubbock, Texas.
gentlemen:
For your $100,000.00 issue of Sewer Bonds dated August 1st, 1922
$1,000.00 denomination, bearing 5j% interest payable semi-annually,
searilAlly as follows; 3 bonds Feb.lst, 1925 and a like number each year
thereafter for a period ending Feb lsttj 1955, and 2 bonds on the 1st day of
Feb. 1956, two Feb.lst, 1957, and 2 Feb.lst, 1958, and one on the first day
of said month thereafter until all have matured, principal and interest
payable at Hanover National Bank; New York, N.Y., and for your $50,000.00
water works bonds dated August lst, 1922 $1000.00 denomination bearing
5tia semiannually interest, bonds maturing searially as follows 2 on Feb. 1st,
1922 and 2 on the first day of said month thereafter to include 1937 and one
bond each Feb 1st, thereafter until all have matured, principal and interest
payable at Hanover National Bank, New York City. Legality subkect to opinion
approving same of Messrs, Charles V& Rutherford Attorneys, of,St.Louis, Mo.
I will pay par and accrued interest, delivered to me or to my order in St.
Louis Mo. when so approved by Messrs Charles & Rutherford, and in addition
thereto will furnish the blank bonds for signature and pay fm the attorney's
opinion. As evidence of my good faith I hand you Cashier s check of the
Lubbock State Bank, Lubbock in the Sum of $3750.00 as part purchase, con-
ditioned my faithful performance, otherwise said money to be your property.
Respectfully submitted.
yJ. A.Ilyrick
Accepted this July 21st, 1922 by order City Commission.
Attest:' Percy Spencer, Mayor.
J.R.Geritiany, Secretary.
It was moved by a unanimous vote that Mr. Ruby make trade with Fairbanks -
Morse & Co., Dallas, Texas as outlined by Proposition of Mr. Thompson.
for another Zoo H.P.L'ngine.
There being no futher business meeting adjourned.
Read and approved this the day 922.
Attest: Jayor ,
J.R.Germany, City Secret°,ry. r