HomeMy WebLinkAbout010919331933
~Roll call
Mayor., Geo. T.Badger.
Councilmen, R. G. Hardee, Fres.
L. O. Baughman
Roy K. Fields
G. T. Glasgow
E. W. Vickers
Clerk P.P. Lawson
Atty. Chas. A. Mitchell
Minutes of re~mlar meeting of Dec. 27, 1932, were read and approved. Mr. Snow ~ms attorn
for the bond holders was present,-and addressed the meeting in regard to meeting on a
comnon ~round with the councilmen, and work out a better plan for raising the money
paving assessments. '"~ ,~~~., ~'~/~ ,
9ouncilman Vickers introduced the followi, ng resolution: Whereas ~f~. ~ussell Snow,
representing 75 ~cz ~ of t,he bonded indebtedness of the 82ty of Sebastian , has appeare
before the city council, and presented a proposition to this council as here~.nafter
adopted; therefore, be it resolved in conformity to said proposition that payment of all
improvement asseasment:_,~ liens, and delinouent taxes be accepted in bonds and matured
interest coupons of the ~City until ~'eb. 27, 1933, provided current taxes be paid in full
in cash as a condition precedent to the acceptance of bonds interest coupons in payment
of delincuent taxes,St being understood that said bonds and interest coupons may be pur-
chased at 20~i',:~ of face value ; it being further understood that upon payment of past due'
bonds, and interest coupons the holders of the City bonds will thereupon confer with the
C~ty, with the intention of refunding said bonded debt, and adjusting the interest rate
~ereon with re~ard to the City'S capacity to pay.
Be it further resolved that all liens held by the city for unpaid and past due
provement assessments,,and delineuent t~xes be foreclosed and same be delivered to the
City attorneys for such foreclosure action, on Feb. 28th, 1933.
Resolution was seconeded by 6ouncilman Gl~gow, was voted ayes, Baughman,Glasgow,
~egard
Vickers, Fields, Hardee, nays, non~. -~eport from Councilman Vickers in t6 the getting tha
fruit of~ the trees in Edgewater Park, as it was drop~ing badly, au~ Suggestion by ~ayor
Badger that it would be a good plan to have some blueprints of Edgowater Park, move by
Councilman Vi~kers~that qlerk be instuct?d to obtain blueprints of £dgewater Park, sec.
by Councilman Fields, vote was, carried, m~H Motion to adjourn was made by Glasgow,sec
by Vi cker s, mot i~~ .~~~~ Meet lng ad J our ned. ~'~ ~q f~Y~..