HomeMy WebLinkAbout05-08-1957 Regular MeetingSTATE OF ALABA1A
COUNTY OF BALD`,") I N
The '"later and Sewer Board of the City of Fairhope met in regular session
with the following members present: Chairman Arthur C. Mannich and R. Roy
Moyers, n1 f�-y 1,051
The minutes of the previous regular meeting were read and approved as read.
"",ot i on by "Ir. Moyer seconded by tier. ",�ann i ch that the fo I lowing b i I lis be approved
for payment:
Gas Department
381i.23
Fairhope Hdwe.
8.o6
Standard Station
7.65
McKesson z Robbins
1.16
Mobile Steel Co.
80.L4
Melton Garage
35.97
Lawron Flowers
20.60
Standard Equip. Co.
93.L441
'Nittichen Chemical Co.
b8.38
Gaston Motor Co.
.75
Hallett Mfg. Co.
76.80
American Cast Iron Pipe Co.
14-96
vVa I I ace -'z Tiernan Inc.
24.50
F. H. Ross & Co.
79.58
G. E. Ferkins Agt.
48.36
Hays 10fq.Co.
I I6.12
Neptune Meter Co.
358.02
Davis Meter Repair
61.50
Gulf Oil Corp.
28.12
Pay Rol li:
;,Hack Green
941 .60
Henry Grayson
99.414
Clint Cotton
99.00
Benny %%ash i ngton
96.48
Allen Johnson
94.60
George Bush
1!98.00
George Keller.
1117.00
A I f red' Ne l son
140.00
George Dyson
237.50
Pete Wiggins
175.00
C. B. Niemeyer
100.00
Marie Moore
70.00
Motion by Mr. Moyers secnded by Mr. ,Mannich that the following Resolution be
adopted': Motion carried,.
BE IT RESOLVED by the Water Viorks and Sewer Board of the City of Fairhope,
Alabama that funds accumulated and to be accumulated in the reserve Fund created
by the Indenture executed by the Board on July I, 1950 be invested in U. S.
Government Securities in multiples of $1,000.00, such securities to be in
bearer form and to have a maturity date within five years from the da`e of
purchase.
BE IT FURTHER RESOLVED that as funds accumulate in the Reserve Fund, either
through the maturity and payment of securities presently held or through the
accumulation of interest and earnings from securities held, shall from time
to time be reinvested in U. S. Government Securities having a maturity at
the date of purchase within five years from such date.
;Motion by Mr. Boyers seconded by Mr. Mannich that the following Resolution be
adopted:
C