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HomeMy WebLinkAboutMinutes - City Council - Regular - 1/22/1925Jan. 22nd., 1925` City Commission met in regular session with the following presents Mayor, F. R. Friend, Commissioners, Geo. C. Wolffarth and W. S. Posey R. a. Sowder, City kttorney and M. S. Ruby, City Manager. Mayor stated that the object of the meeting was to receive bids on the extra Unit at sewer disl-osal. The fotlowin�r bids were opened i3md Janes Condtrudtkon Companzr bid $11,536.50 and Panhanald t;vL b t r«c Lion Co. 014,104.30. It was, moved by Mr. Wolffarth and seconded by Mr. Posey that the contract be awarded Janes Construction Co. by unanimous vote. By motion made by Mr. losev and seconded by Mr. Wolffarth the mayor and Secretary were authorized to sign proposal of the Janes Conotrut-tion Co. By motion made by Mr. Posey and seconded by Mr.�,Wolffarth the Whaley Lumber Co. tax valuation on Lots 11 to 20 Blk 56 OT woT4.) reduced to $7,000.00 Upon motion made by Mr. Posev and seconded by Mr. Wolffarth James H. Goodman is to prepare petition to go to the Legislature asking for a higher court than the corporation court of the Citv of Lubbock. By motion made by Mr. Posev and seconded by Mr. Wolffarth the Secretary was instructed to pal Ed Lanham t12.00 as damage to cotton patch while diga_ing well on Mr. Friend's property. A motion was made by Mr. Wolffarth am seconded by Mr. Posey that a car be bought for the Police Department. There being no further business; the meeting ad;ourned. Reid and approved this a, (c da7 of 7'a'� (uL 1925. i A.TTE4 S T. yor, ,? of Lubbock, Tex. - J J J 4- J - &- - W - 4L Jr J Jr it J - W w ti- - 4, - � It was moved br Mr. Jones and seconded by Mr. Posey that tkie Garrett & Co. having the highest bid,was awarded the following contract by unanimous vote. ThP Stq,+P of Texas County of Lubbock. This agreement of sale of Bonds betweent the Cit7 of Lubbock, Texas a municipal corporation, and Ryan Sutherland & Co., A. i. Bell & Co. both of Toledo, 0., and Garrett & Co., of Dallas, l'exas, purchasers is as follows: The City has sold to the purchasers three (3) issues of Bonds totalling $225,000.00 being constituted of $125,000.00 Street Improvement Bonds, t75,000.00 Wager System Bonds, and 025,000.00 Sewer System Bobds, all issues being dated February 20, 1925, at five (5�) per cent semi annual interest, in denomination of $1,000.00 interest and principal payable at Hanover Rational Bank New York, 11. Y purhhasers pay par, accrued interest and 30 cents per hundred pramium on the bonds also, pay for opinion of Wood & Oakley on the Transcripts; City furhishes a copy of the Transcript with letter of approval of the Attorney General of Texas on each issue after approval by .4ttornev General, Wood & Oakley and registration Qf the bonds by the Comptrol'er, City permits purchasers attorneys to examine one bond of each issue at Citv of Attorneys' residence; purchases have deposited Cashiers Check in the sum of $10,000.00 with the City to guarantee acceptance of legally issued bonds, above stated, and when issues are fully paid for said sum to be re- turned to purchasers. It is agreed that within five (5) days after delivery of each Transcript of issue to Purchasers, that such will be submitted to Wood & Oakley for immediate examination and opinion as to legalit,T of issue, end will, within seven da.-m after such opinion has been rendered, notify the City of Lubbov k of the acceptance or rejection of each several issue, and of renuirements of such attorneys, if any which the City agrees to meeti, if same can be done and the same period of . time applies to corrections and amendments of Transcripts. The maturity of the $125.000.00 issue is beginning February 20, 1926 $3,000.00 TPr year to Feby 20, 1960, inc. and then $4,000.00 each ,year until whole series has matured; the $75,000.00 issue, $1,000.00 matures Feby 20, 1926, and each ear such amount to 1929, inc., remainder of issue beginning 1930, on said dater 2000.00 per year until whole maturity; the A25,000.00 issue has its first bonds C,000) to mature Feby 20, 1941, and a like amount annually until series has matures+ City delivers the legally issued bonds, with draft attached to the branch Bank of the -Federal Reserve System at Toledo, Ohio, and within two (2) days after approval by Wood & Oakley of the slecimen bonds sent the whole of the i_'sue shall be taken up. attest: The City of Lubbock, Texas J. R. Germany, By F. Friend, uLayor. City Secretary. r Ryan Sutherland & Co., Purchaser-------- A. T. Bell & Co., Garrett & Co.,. By Chas. L. Willis, There being no further business the meetin-- adiourned. Read and approved this �,(o day ofl (\Ca. 19.- d. ATTEST Citv Secretary �O rimm a Feb. llth., 1925. City Commission met in Special session with the following present; AUayor, F. R. Friend, Commissioners, W. :. Pose-, Geo. C. Wolffarth, H. W. Blair and J. 0. Jones, R. z. Sowder, City-ttorney, and :.'_. S . Rub.j, C itv Mgr. This being the day set for the opening of bids for incenerator the following bids were received: National Incenarator t21,818.00 and Superior Incenerator Co. $22,500.00 The proposition was discussed and it was tabled until neat meeting. The following Ordinance passe' its first .reading by unanim-�us vote.