HomeMy WebLinkAboutResolution - 010454B - Contract Extension - 1St Southwest Co. - Auditorium-Coliseum, & Library Bonds - 01_04_1954Yr.k t
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W H E R E A S , at a special meeting of the City Commission on Janu
1954,,the First Southwest Company of Dallas, Texas, and represented by
Frank J. Medanich, appeared before the City Commission to discuss the
of `certain bonds: One Million Four Hundred Fifty Thousand and No/100
�#l, 450, 000) Dollars Auditorium -Coliseum Bonds, One Hundred Thousan
No/100 ($100, 000) Dollars Public Library Bonds, and One Million and N
($i, 000, 000) Dollars Waterworks Revenue Bonds; and submitted achedges '-
ering the sale of all of these bonds, the sale to be made on February 9,1954;
and,
W HER EAS, the City is under contract, dated November 7, 1952, with
the First Southwest Company to handle the sale of certain bonds for the City
of Lubbock, and the First Southwest Company has proposed to handle the sale
of the $100, 000 Library Bonds and the $1, 450, 000 Auditorium -Coliseum Bonds
under the same termss and conditions set out in the proposal submitted to the
Commission on November 7, 1952, which was accepted by the City Commission
NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COM1VUSSION OF THE CITY OF LUBBOC.K:
T HA T the,.proposal of First Southwest Company of Dallas, Texas to
extend its contract as set out in the preamble to this resolution so that the
terms and provisions of the proposal made November 7, 1952 will extend to
and include the Auditorium -Coliseum Bonds and the Library Bonds BE, and
the same is hereby accepted; and the First Southwest Company is authorized
and requested to proceed with the preparation of the notice-d_ sale
said sale to be set for February 9, 1954.
AND IT IS SO ORDERED.
On motion of Commissioner Davis , seconded by Coml
missioner Morris , this Resolution was passed on this the
),t.h _ day of January, 1954 by the following vote:
Commissioners voting "YEAtf: Morris, Carpenter & Davis & Mayor Tripp
Commissioners voting "NAY": None
— or
ATTEST:
L.avenia owe. City. Se retar -Treasurer
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