HomeMy WebLinkAbout06131932REOUL~.R MEET INC
Jun~ 13, 1932
ROLL CALL:
L-iay o r
Councilmen
Clerk
Attorney
Gee o T. Badger
T. B. Hicks, Pres
R. G. Hardee
S. A. Park
W. ~. ~Iartin ---absent
L. O. Baughr~a n --absent
Lenora K. Park
James T. Vocelle
The minutes of the re~lar meeting of ~ay 23, were read and approved.
The attorney read letters from Col. L. V. Frazier of the War Department with
reference to the City acquiring the spoil bank opposite to and within 'the
City lirai'ts. CounciLman Hardee sug~sted that all rotters pertaining to
acquiring the spoil bank he left to the City ~kttorney.
The City Attorney advised that the foreclosure proc~edings on certain
properties in the City of Sebastian will be advertised and sold the first
Monday in ~u~st of this year.
l~r. Russell Snow representing the bondholders of the Street '.~nd Sidewalk
bonds appeared 'before the Council asking that they come to some agreement
whereby they could meet their obligations. He sug(~ested that a proposition
be submitted 'to his clients, several propositions were discussed one cutting the ~
total amount of $142,000.00 to ~15,000.00 cash and another to $75,000.00 over a
period of 30 yemrs with interest at the re,re of 3% with principal comin.~ due
10 years a~ter date.
Motion made by Councilman Hardee, seconded by Councilman i~ark that Council
adjourn.
Motion carried.