HomeMy WebLinkAbout06-14-1973 Special MeetingState of Alabama
County of Baldwin
We, the undersigned. members of the Fairhope City
Council hereby waive notice of the calling of a special
meeting of the Fairhope City Council and. do consent that
said meeting be held at the City Administration Building
387 FalrhopetAvenue, June 14, 1973 at 5*30 P.M. for the
purpose of considering loan from First National Bank of
Fairhope to Electric Fund of the city, and any bther
business that may come before the Council.
e' leg
Councilamn
I
STATE OF ALABAMA
COUNTY OF BALDWIN
V
-
i
I,,
i
The City Council of the City of Fairhope met in special
session at the City Administration Building, Thursday, June 14,
1973 at 5:30 P.M. with the following members present: Mayor James
P. Nix, Councilmen: David (Ed)Bishop, H. G. Bishop, Sam E. Box,
011ie E. Deese and Barney Shull.
Each member signed waive -of notice of the calling and hold
of the special meeting.
Mayor Nix called the meeting to order and stated that the
purpose of the special meeting was to discuss $500,000.00 Capital
Improvement Loan from the First National Bank of Fairhope for
the Electric Department. After general discussion, Councilman Ed
Bishop moved, seconded by Councilman Sam Box that --the City accept
15 year plan at 5.20% interest as presented. No prepayment allow.
ed on loan because of reduced interest rate and 15 year maturity.
Upon being put the vote the following vote was recorded: Xeas:
Mayor JaffdS Nix, Councilmen: David (Ed) Bishop, Sam Box, 011ie
n
Deese and Barney Shull. Councilman H. G. Bishop abstained from
voting because of conflicting interests. Motion carried.
tl
Motion made, seconded and carried that the meeting adjourn.
Attest:
6f
tl
i
� < r i aa1' a. �' •.
k '� •'j` t r
t � Fti