HomeMy WebLinkAbout05191945Adjourned Neeting.
May 1~, 1~45.
On Roll Call the following were found to be present : -
Mayor E, W. Vickers
Councilmen :-
Clerk
J. R. Middleton ..... Chairman
B. ~. Shaw
R. O. Hardee
Archie Smith
E. W,,Rose
Absent: Councilman R. A. Tillis.
PTesent --L-Attorney Chas. ~. Mitchell
Visitors:- '~tt'y D, C, Smith: Mrs. Julia Fields;Mrs..L.M.Shafor ;
V~,~:~:~M~,~&-Mrs. Roberts; M~,~B.I~. Bro~wn; ,~. F oster;L.M. Shafor
R. B. Letchworth; C. W. Sembler; C.F~. Taylor.
Minutes of the regular meeting of May:8,1945 were read and approved
as read.
A general .discussion on. the ~ond situation followed with the GoUnci1
and visitors takin~ part and Attorneys Mitchell and Smith answering
Questions and clar~ing points for the visitors, ~
Attorney Smith offered three points as to why the bondholders should
Scale down their holdings; viz,
(a}.~ To approach the value of the property. '" ~
(b) ~ring the refunding to a point where necessery repairs' might be
ma de.
(c) ~o as to enable the city to scale down.~he indebtedness.
Attorney Smith suggested tha~ an excessive increase.in property valu-
ation might work a hardship, on the property holders.
On amotion by Councilman Shaw the meeting adjourned at 1~:30.
Clerk.
President.
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