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HomeMy WebLinkAbout05-11-1960 Regular MeetingA STATE OF ALABAMA County of Baldwin The Water and Sewer Board of the City of Fa4rhope met in regular session at the City Hall, Wednesday, May II, 1960, with the following members presents Chairman A 1- C . Menn i ch, R. Roy Moyers, R. R. Teamer, C . B. Niemeyer, George Dyson and Frank Wiggins. Residents from across the gu l I ey in Magnolia Beach area requested the Board to run 2" water line to their property. The Board agreed to run the line providing the property owners paid for pipe, approximate cost $1,959.00/ The minutes of the previous regular meeting were read and approved. Motion by Mr. Teamer seconded by Mr. Moyers that the following bills be approved for payment: Motion carried. Western Lumber and'Supply &60 Maury Ins. Agency 48.36 Ruffles Co. 97.50 Fairhope Hardware and Supply 3.55, McKean Paint & Hdwe. 9.46 Klumpp Motor Co, 8.80 Moore Suppliy Co. 42.08 Fairhope Clay Products Co. 60.00 Wittichen Chemical. Co. 19.13 Neptune Meter Co. 319.60 Davis. Meter and Supply 54.00 Clarence E. Carrier 204.37 Standard Equipment Co,. 146-56 Hand' s. We l.d i ng Shop 64•93 Hackmeyer Iron Works 16.50 Goodrich Tire Co. 8.04 Coastal Concrete Co. 8.38 M- & S Service Station 9.35 Green Nurseries 35.00 Harvey Beaty 25.00' Jansen Mfg. Co. 21.33 Gulf Oil 39.94 Gas Dept. 127.70 Pay Rol 14. Henry Grayson 128.38 Clint Cotton 127.06 Benny Washington 123.75 Allen Johnson 132.65 Lawrence Dade 124.58 Louis Bush 117.43 Willie Wilson 12l.83 George. Bush 249.15 Edward Kel I er 150.16 A I f red, Ne l song 177.33 Loyd V i ck 124.58 C . B. Niemeyer 105.00 Marie Moore 105-00 George Dyson 249.37 Frank Wigging 200,00 Motion by Mr. Teamer seconded by r. Moyers that the following Resolution be adopted. Motion carried. BE IT RESOLVED BY THE WATER AND SEWER BOARD OF THE CITY OF FAIRHOPE, ALA. that the Merchants Nat i onaI Bank of Mob i I e as Trustee for Water and Sewer Board 4 3N&. Second; Series Bonds, be authorized to pay, when presented for payment $1:0,000.00 pri nc i pal amount Second -Series Bonds, due 1986, on a 106.50 basis to first calf date of July I, 1,963, plus accrued interest. BE IT FURTHER RESOLVED that #10,474.00 plus accrued' interest on deposit in the surplus Fund be applied toward, the redemption of the bonds and the balance of $176.00 that will be due be paid from the Water and Sewer Revenue Account. Motion by Mr. Moyers. seconded by Mr. Teamer that the Board pay expenses for George Dyson and Frank Wiggins to attend Waterworks School at Auburn on June 6,7 & 8. Motion carried. Motion by Mr. Moyers seconded by Mr. Teamer that George Dyson be authorized to extend sewer tine on Lot 19, Block 15, Volanta Subdivision. Motion carried. , It was duly mo✓ed and seconded that the meeting adjourn. Motioncarried. Attest: Approved 0 E A S E M E N T STATE OF ALABAMA BALDWI N COUNTY K OW ALL MEN'BY THESE PRESENTS, that we, an U , his. wife, for and consideration of: s ✓- the sum of ONE ('s1:.00)DOLLAR, and other -good and valuable considerations to us in hand paid by the City of Fairhope, a+ Mun i c i'pa l C orporat i m , the receipt of which is hereby acknowledged, do hereby GRANT, BARGAIN, SELL and CONVEY unto the City of Fairhope, the right and easement to construct, operate, lay and maintain sewer pipe lines and appurtenances thereto and. thereon, together -with the right to trim and cut dangerous trees, over, on andi under the following described lands, to-w,i is Beginning at the north corner of Lot 19 andi20, Block 15, Volanta, and thence South to the corner of Lot 18 and 19, a+ piece of land five feet on each s i de of center line. Said parcel of land being on Lot 19, Block 15,, of Volanta Subdivision, in the City of Fairhope, Fairhope, AlabamaE. TO HAVE AND TO HOLD, to use: and exercise any and all rights, powers and privileges on, over and under the said lands hereinabove granted, unto the City of Fairhope, its successors and assigns, forever. IN WITNESS WHEREOF, we have hereunto set our hands and seals, this the i(� day of _ , 1960. (SEAL) (SEAL) P A, 0 7— -,4 tY-.P -W #�,o C- Ir 19 iV 7-A N ._D 7-11 & 1v c 4 S d t/ 9 AL� /vim S' ='— o- l✓ .54...E AC 6 -0,— h7 A�e TAP 4 �C, o fC �' i/t`o- �" ✓ U ti T A s Cl tS .� ✓i .sirs E STATE OF ALABAMA COUNTY a+: Notary Public, in and for said State and County, hereby certify that and , h ins wife, whose names are signed to the foregoing conveyance, and who are known to me, acknowledged before me, on this day that, being informed of the contents of the conveyance, they executed the same voluntarily on the day the same bears date, Giben under my hand and seal this the . day of 1960. Notary Public My commission expires STATE OF ALABAMA COUNTY to , a Notary Public, in and for said State and County, hereby certify that is and , hts wife, whose names are signed to the foregoing conveyance, and who are known to me, acknowledged before mew on this day that, being informed of the contents of the conveyance, they executed the same voluntarily on the day the same bears date, Giber under my hand and seal this the day of r 1960. Notary Public My commission, expires 9ratkftisq,Rorrotu Fq'Oov TELEPHONE FA 4-8684 TELTVPE B'HAM 94 INVESTMENT SEGURITIES WOODWARD BUILDING BIRMINGHAM,ALABAMA April 28, 1960 Mr. C. B. Niemeyer City Manager City of Fairhope Fairhope, Alabama Dear Brad: We are pleased to advise that we have firm in hand $10,000 City of Fairhope Water and Sewer Second Series 4 3/47o Bonds due 1986 which can be purchased at 106.50 plus accrued interest. The Indenture restricts the redemption price of bonds to less than 104.75 prior to the date that all bonds are callable from funds from any source. Accordingly, if the bonds were purchased at 106.50, the maxi— r,qum that toe Board could use out of the surplus fund would be ($10,474._QO-plus accrued interest. The difference, therefore, would"b $176.00'-,which would have to be provided from some other source. If this is acceptable, please advise and we will have the owner of the bonds send them directly to The Merchants National Bank for payment. We, as usual, are not charging any commission or fee in connection with such a transaction. With best regards, we are Very truly yours, Af Hugh Morrow, Jr. HMJR:sa CC: Mr. L. S. Conover } 9ratkinsqUorrotu F-,Y-�Oo_ INVESTMENT SECURITIES WOODWARD BUILDING BIRMINGHAM, ALABAMA Mr. C. B. Niemeyer, City Manager City of Fairhope Fairhope, Alabama Dear Brad: TELEPHONE FA 4-8684 TELTYPE B'HAM 94 April 15, 1960 We received a copy of Mr. Converts letter relative to the surplus on hand for the Water and Sewer Revenue Bonds dated July 1, 1953. We are contacting the owners of the bonds to determine what can be done in regard to purchasing sufficient bonds to exhaust such fund. We will advise you later. With best regards, we are HMJR:sa CC: Mr. L. S. Conover Very truly yours, /16L Hugh Morrow, Jr. r �y117�i33Y� i ToMep chants N g J. FINLE ;A1Cfr 1 TRUST DEPARTMENT M. BANISTER SLAUGHTER, SENIOR VICE PRESIDENT GUY FAULK, JR., VICE PRESIDENT & TRUST OFFICER GARET ALDRIDGE, TRUST OFFICER L. S. CONOVER, TRUST OFFICER F. C. WIATT, TRUST OFFICER HARRY A. DI NHAM, TRUST I NVESTMENT OFFICER LIONEL W. NOONAN, ASSISTANT TRUST OFFICER WM. E. BUCKLEY, JR., ASSISTANT TRUST OFFICER ank of Mobile SIDENT ::H000�.G G • q. CAPITAL & SURPI.:49.;000' 1'(, 59,000,000.00 113•ii•GG G 'IQ L J I,� 7�.•,iT IN• ly rL4�1�l�d>14:� Mabile, Alabama April 13, 1960 Mr. C. B. Niemeyer, City Manager City of Fairhope Fairhope, Alabama Re: City of Fairhope Water & Sewer Revenue Bonds, Second Series, dated July 1, 1953 #1320 SURPLUS FUND F-8 Dear Mr. Niemeyer: It occurs to us to call your attention to the fact that the balance of cabh in the Surplus Fund on our books now amounts to $10,753.20 and it may be that the Board will wish to arrange for the purchase of bonds of this Series. By copy of this letter forwarded to Watkins, Morrow and Company of Birmingham we are also bringing it to their attention. You will of course recall that the provisions of Article V111, Section 8.4 (2) specify that the purchase price shall be less than the redemption price at 104 3/4. You may be sure that we will be pleased to cooperate in every way we can should it be found feasible to purchase bonds at this time. With personal regards, v xw� iffi cer LSC/th cc: Watkins, Morrow & Co. AI mOODY9 Rucc MUNICIPAL BONDS EXCLUSIVELY •g� t xtii ,�treet Yatnt Maul Y, &—n- ORDERNOR s 130" CUSTOMER'S STATEMENT • DATE � 5-17-60 SETTLEMENT DATE 5-23-6o CITY OF FA IRMOPPE, A-L.AB" Iw �( ' ALAB . Ay FA SALESMAN WICE PAR VALUE AS PRINCIPAL WE SELL TO YOU: Ib fro© COUPON FA IRNOPE, ALAB.AMA WATER AND SEWER REVENUE BONGS 4 % DATED INTEREST PAYMENT DATES FIRST COUPON WHEN AS AND — 1— - . *� IF ISSUED: jV PAR VALUE NUMBERS MATURITIES YIELD $ PRICE EXTENSIONS Eom 7-1-86 io6 1/2 $ io,650.00 $ $ $ $ $ $ $ $ $ $ DELIVERY INSTRUCTIONS: BONDS BEINB SHIPPED D/A TO MERCHANTS NATIO14AL BANK, MOBL I E, ALABAMA . PRINCIPAL 9et.A40% 0 /A_ &.AarnaVr..AaaWda INT. I — I TO 5-23 PAY THIS AMOUNT am,. $ $ io,6 0.00 $ iA7.�6- $ 10,$37., 36 PLEASE RETAIN THIS STATEMENT AS A PERMANENT RECORD. AND SUBSEQUENT COUPONS ATTACHED juRAN & m0000 R ORDER RD R. S 3079 L !S q VCO 1 MUNICIPAL BONDS EXCLUSIVELY ' ya 44t Yxth Ybwet • .�azret caul �, �lvrn. CUSTOMER'S CONFIRMATION DATE 5-17-60 ' CITY OF FAIRHOPE, ALABAMA FA IRHOPE, ALABAMA . SALESMAN OFFICE, G PAR VALUE • X AS PRINCIPAL WE SELL TO YOU: 10.000 COUPON — FAIRHOPEs ALABAMA WATER AND SEWER REVENUE BONDS DATED INTEREST PAYMENT DATES FIRST COUPON WHEN AS AND i 1 w53 � IF'ISSUED: NO PAR VALUE NUMBERS MATURITIES YIELD $ PRICE {pM 7_1-86 i0 1/2 s DELIVERY INSTRUCTIONS: WE APPRECIATE YOUR BUSINESS THIS IS A CONFIRMATION OF YOUR ORDER. ✓han'i YOU, A STATEMENT AGAINST WHICH PAYMENT IS TO BE MADE WILL BE SENT WHEN BONDS ARE READY FOR DELIVERY TO YOU. SURAN & MOODY, IINICo