May 23, 1963___ _ MINUTES OF A SPECIAL MEETING OF THE CITY CGUNCIL OF THE CITY OF WEST MEMPHIS,
ARKANSAS, HELD AT THE CITY HALL IN SAID CITY ON THE 23RD DAY OF MAY, 1963, AT 2:30 P.M.
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The City Council of the City of West Memphis, Arkansas, met in a special session
in the City of West Memphis at 2:30 P.M. on the 23rd day of May, 1963. The meeting was
called to order by Mayor Bob Eden, and the following were present:
Aldermen: C. H. Rowton, F. C. Weis, 0. I. Bollinger, R. C. Bowie, Kirby Leggett,
Y. G. Sims, and Earl Felts; and City Attorney W. H. Dillahunty.
Absent: Alderman Paul Matthews.
Notice of Special Meeting having been accepted, and it being determined a quorum
was present, the following proceedings were had to-wit:
Mayor Eden informed the Councll the Special Meeting had been called for the purpose
of Bond Sale of $195,650 City of West Memphis Public Utilities Revenue Bonds as per Notice
of Sale published May 111th and 21st itt the Evening Times.
Mr. Thurmond representing T. J. Raney & Sons introduced the representative o£ the
following bonding companies present: Stephens, Inc.; Hill, Crawford & Lanford, Inc.;
Dabbs Sullivan Co .; Raney Securities Company, Inc. The representatives present agreed
on forty-five days delivery on the bonds. Bid by letter from Trulock & Company, Inc.
was opened, bid being 105.951 with interest rate of 3.795. Stephens, Hill, Crawford &
Lanford, and Dabbs Sullivan passed; Raney Securities Company, Inc. bid 105.952 with
interest rate of 3.79!1 plus. After discussion of the bide, motion was made by
Alderman Rowton, seconded by Alderman Leggett: That the bid of Raney Securities
Company, Inc. be accepted. Upon vote, the voting was as follows:
Yes: Aldermen: Rowton, Weis, Bollinger, Bowie, Leggett, Sims, and Felts.
No: None.
No further business being presented, motion was made by Alderman Leggett, seconded by
Alderman Felts to adjourn. Upon vote, the voting was as follows:
Yes: Aldermen: Rowton, Weis, Bollinger, Bowie, Leggett, Sima, and Felts.
No: None.
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ATTEST:~~~~`=
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APPRGPED: JUNE 6, 1963
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