HomeMy WebLinkAbout09-12-1953 Regular Meetingw
STATE OF ALABAMA
County of_Baldwin
The eater and Sewer Board of the. City of Fairhope met in regular
session at the City Hall, Wednesday, September 12, 1953 with
the following members present: Chairman R. Roy Moyers, City Man-
ager C. B. Niemeyer, A. C. Mannich and L. A. Berglin, Sr.
The minutes of the previous regular meeting were read and approved
as read.
Motion by Mr. Mannich seconded by Mr. Berglin that the following
bills be approved for payment:
Western Auto Associate Store
$ 9.00
Ponder Company
2.10
Wittichen Chemical Company
34.50
W. S. Dickey Clay Manufacturing Co.
31.50
Chicago Pump Company, Inc.
102.31
M & S Service Station
9.01
Green's Service Station
1.15
Standard Equipment Company
24.60
Gaston Motor Company, Inc.
3.75
Turner Supply Company
6.06
Carl L. Bloxham Agency
191.00
0. Forster and Sons
20.00
Gas Department
281.84
Motion by Mr. Mannich seconded by Mr. Berglin that Mr. Niemeyer
be authorized to secure the services of Smith, Dukes, and
Buckalew to make the annual audit. Motion carried.
Iotion by Mr. Mannich seconded by Mr. Berglin that the Water
nd Sewer Board enter into contract with Hugh Morrow, Jr. of
atkins, Morrow and Company for the purchase of $,801000
Second Lien dater and Sewer Revenue Bonds, Mo-rio/v Cann/tb,
It was duly moved and seconded that the meeting adjourn.
Motion carried.
Approved
—/61-,
41haan
Attest: 4 ,A_W.deQ _
Acting Secre ary and Treasurer
9ratkiTtORorrouU W Oo -
- INVESTMENT SEGURITIES -
WOODWARD BUILDING
BIRMINGHAM,ALABAMA
Water Works and Sewer Board
Fairhope, .Alabama,
Gentlemen:
TELEPHONE 54-6684
TELTYPE B-HAM 94
1-e understand that you desire to mare certain extensions to your existing water
system and that it will be necessary, to issue and sell approximately 4_50 GOO
Second Lien Water and Sewer Revenue Bonds. (fkp o ee
We agree to accept employment from you to furnish the followinc to you:
1. All resolutions and indentures of trust that may be necessary in order
to legally authorize, issue and sell said Revenue Bonds.
2. To furnish the approving legal opinion of Messrs. i,,hite, Bradley, Arant,
All & Rose as to the legality of the issue.
3. To furnish printed bond blaLks read
y for execution.
4. To pay for all legal advertising and to pay any Trustee acceptance fees.
5. To reco-mmend maturity schedules and appropriate redemption provisions.
For our services and expenses, you are to pay us the sum of 5% of the principal amount
of the securities issued.
In the event that you wish to sell us the bonds to be issued, we agree that we will
maze a legal bid for them. This agreement is to remain in effect for a period of
five years or until this firm is no longer in business, whichever is shorter.
Respectfully submitted,
WATKINS, MORE Otiv & CONPt ANY
BY A/ ),
P r ner
Accepted by resolution of the %eater Worxs and Sewer Board of the City of Fairhope, Ala-
bama, this - _ day of Wit, 1953.
ti]i-i` i ,R IIORaS & c a,ER BUAPD
BY
ChairLyan
Director
Director --�-