HomeMy WebLinkAbout05201927SPECIAL I~ETIRG
8:00 o'cioek
p.
Called by kayor Geo. T. Badger for the purpose of arranging new financing
on De La Yer~e Lachine Company note of $4,046.00 which w~s due &pril
loth, l~?.
Upon roll call the following were found to be present:
~yor Geo. T. Badger
Councilmen J.L. ~iontgomery Pmeident
W. A. A~rtin
'~. C. Bradaock
R. G. Hardee
Clerk A.G. Roberts
Er. Lenfest, representing the DeLe Ver~ne ~&chine Company, st':~ted
their position in reF~:~rd to the note in cuestion and asked what the C~y
could offer in regard to refinancing this note, whereupon the suggestion
was made to ~ive four new notes of ~' ~.i .~
_ ,_,l~ I~',' ~mo-muts, am:~tmtin~ to one-fourth
each of the note 'pa~t due, which Lt. ~h~t said he presumed his compsny
would oo~aiscez' favoraoly, Ou~ that l~t would be nece~?~ry i'or him 'to
take tiAe question o~ these uerms up with the :i. reasurez' oi' his domp~ly
before they coul~ Oe accepted.
~OTIOE maae by ~ouncilman oraddocK, see3ndec oy Oouncilman ~ark, t,nat
~ ilq'tO e~teuutive se~ioll.
Oouncil ~:~o
~O'~'iOi~ mmee oy Oounci£man rare, meoo~Gem Oy Oouncziman ~;artin that Oity
Oounc~i ~uomit proposition of ~iving i'o~ notes oi' equ~ amount, each
Oe~g one-f_~u~'~ cZ ~e,~u.O~, date~ june i~, i~Y, ma~uz'ing o~e each
~u ~,o,~,& lZ ~OnA J~e $~, ~, in lieu o~ pa~ aue no~e n~ae payao~e
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