HomeMy WebLinkAboutMIN 09.25.1967 CC-R3:
September 25, 1967
The City Council met on the above date, Mayor day C. Sloan presidin,r.
The following Councilmen and officials were present: Hubert Brock, Ed-
ward Lee Evans, Doyle Lyda, Harry Gold, City Manager Charles D. Eyeinyton,
Assistant City Manager Claud Lads, Electrical Supt. Claudie !Mayo. Also
present were: IV. K. McClain, A. !C. Bowen, Curtis Adrian with First South-
west Company of Dallas and firs. Baker with 1"iiI.liamson County Sun Publish-
ing; Company.
I.O.O.F. !V. K. McClain and A. IV. Bowen discussed the assets of the I.O.O.F.
Cemetery and Lodge also discussed the possibility of the City purchasing;
the Davis building and taking Cemetery with trust fund of about
$10,000.00. Mayor Sloan brought the council up to date on previous
meetings with the members of I.O.O.F. Lodge in regard to purchasing
the lodge properties. Mayor appointed,llarry Gold, Edward Lee Evans
and Sloan to work with the I.O.O.F. Lodge in regard to above mentioned
properties.
Bond Mr. Curtis Adrian, financial advisor to the City, suggested
Sale that the council sell balance of -bonds in the amount of $75,000.00
to avoid extra expense that would be incurred in.selling portions
of bonds.
Motion by Lvans and seconded by Lyda that City sell remaining
$75,000.00 of bonds that were previously approved to First Southwest
Company 4 4.556'-` as advised by Mr. Adrian. Votes as follows: Ayes:
Gold, Lyda, Lvans and Brock. Noes: None. ]Motion carried.
Wesleyan The electric rate as applied to the Wesleyan Home was discussed
Electric but no action was taken.
state
Drainage Motion by Brock and seconded by Gold to take steps necessary
17th St. to correct the drainage problem on 17th Street. Motion carried by
unanimous vote.
Housing Council agreed to allow Georgetown Public Housing to combine
Authority readings on meters at their project and to be billed on Industrial
Billing Electric rate.
Bond AN OItDI\ANCL BX THE CITY COUNCIL OF TILL CITY OF GEORGETOWN,
Sale mus, AUTHORIZING TILL I`SSUANft OF ILL1/EKuE BONDS OF SAID CITY
IN TAL TOTAL PaINCIPAL AMOUNT OF '75,000 (BLING THE SECOND
X0 FINAL iNSTALLML XT OF A TOTAL VOTED AL'TI►OicIZAI'I.ON OF
w•100,000), OF WHIGH 05,000 OF BUNDS AJtL AUTHORIZED FOR THE Pl?Lt-
POSL OF CONS T1tUCT1NG EXTENSIONS AND IMP1tUVE1,11,M'S TO THE, CITY'S
!V'ATEit!'WJiRS SYSTEM AND a 70,000 OF BONDS ARE AliTIIO1tIZED FOIL 'I HL
PURPOSE OF CONS`1'ILUCTING EXTENSIONS AND I\IP1LOVL\a-,NTS TO THU CITY'S
'SLX• Ut STSTEM; Pi SCILlBING THE FOILM, TL:WdS AND CONDITIONS OF TILL
BONDS AND THE F0161 OF THL•' INTEICL13T COUPONS; PLEDGING THE ILLVENUES
OF THE CITY'S COMBINED !V'ATEit'V'OIU1 S, SLIV'EIt AND ELECTRIC LIGHT
SYSTLIM TO THE PAYMM OF PRINCIPAL OF AND INTMLbT ON SAID BONDS
AFTER DEDUCTION OF M ASONABLE EXPLNSlS OF OPERATING AND MIN-
TAINING SAID COMBINED SYSTEM; \LIKING CERTAIN COVL;NfNTS OF SAID
CITY WITH 1tEMCENCE `1'0 THE BOND FUND FROM WHICH SAII) PRINCIPAL
XND INTLItLST ARE TO 13E PAID; h ACTING PROVISIONS INCIDENT AND
RELATING TO THE SUBJECT AND PURPOSE OE' THIS OIWINANCE; CONFIILU-
ING ME: SALE OF THE BONDS; AND DECLARING AN LIIEItGENCY.
36
Bond Sale .Alderman Hubert 11. Brock introduced a proposed ordinance which
was read in full. Alderman Edward L. Evans moved that the rule requiring;
ordinances to be read at more than one meeting; be suspended. The motion
was seconded by Alderman Doyle E. Lyda.
The motion carried by the following; vote:
AYES: Aldermen Gold, !vanes, Lyda, Brock and Evans.
NOE6: None.
Alderman William It. Eanes'moved that the ordinance be passed finally.
The motion was seconded by Alderman Harry Gold.
The motion carried by the following; vote:
AYES: Aldermen Gold, Eanes, Lyda, Brock and Evans.
NOES: None.
The Mayor announced that the ordinance had been finally passed.
There being; no further business, on motion by Brock arid seconded
by Lyda council adjourned.
Jay C. Sloan, Mayor
ATTEST:
Claud Eads, City Secretary.