HomeMy WebLinkAbout1954-01-12 Special Meeting i
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� Speeial meeting of the City Council of the City of Grapevine was �
held on Ja�uary 12, 195k with the following members present:
Mayor H. M. Cosnahan; Aldermen Joe Box; Bill Guest; E. M. Pair; ��
R. F. Shelton; Secretary Hugh Millican; Attorney Tom French. ��
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Purpose of rneeting was to receive bids for purchase of bonds voted "'
at election on December 12, 1953• � '�
:° Bids obtained by auction were as follows: .'�
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' �� 1) R. A. Underwood & Co. and 0 00 �
R. J. Edwards & Co. � 174,$� • �
2) Dallas Union Securities and 1
McClung, Knickerbocker & Co. 164.,$00.00 ` ;
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3) Dallas Rupe 8c Son and �
Russ & Co. 162,000.00 �
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4) First Southwest Co. and 159,2�•00 �
M. A. Hagberg & Co. �
' 159,000.00 �
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� 5) Rauscher, Pierce & Co. ti
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6) Columbian Securities Co. and '
Central Investment Co. 15$,4�•��
7) First of Texas Corp. and 156 299.00
Dittmar & Co. �
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$) Henry Seay Ec Co. and '
Rowles, Winston & Co. 156,200.00
Motion by Alderman Joe Box and second by Alderman Shelton that
lor� bid of $156,200.00 total interest cost made by Henry Seay & Co.
and Rowle�, Winston & Co. be accepted and that Mayor and Citq
Secretary be authorized to execute sale agreement. Motion_ passed. ;
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Bid of �156,200.00 figures eff ective interest rate of 3.5497�. �
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Meeting Ad�ourned. �
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� Citp Secretary ,
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