December 5, 19632n3
MINUTES OF A REGULAR N.EETING OF THE CITY COUNCIL OF THE CITY GF WEST MEMPHIS, ARKANSAS,
HF.T.n AT F .TTY A77 TN SATII .TTY hN THE KTH T)AY (1F nFf`F'MAFA~ l4s FZ~ em ~ M P M
The City Council of the City of West P;emphis, Arkansas, met in regular session
at its regular meeting place in West ASemphis, Arkansas, at 3:00 o'clock P.M. on the
5th day of December, 1963. There were present: Mayor Bob Eden, and Aldermen:
F.-C, Weis, R: C. Bowie,-Earl Felta,'Kirby Leggett, Paul Matthews,-and C. H. Rowton;
and City Clerk Charles F, DeGraff and City Attorney W. H. Dillahunty.
Absent: Aldermen: 0. I. Bollinger and Y. G. Sims.
It being determined a quorum was present, the following proceedings were had to-wit:
Minutes of Council Meeting on November 20, 1963, were approved as read.
Mayor Eden presented a City Seal designed for letterheads to be used by all Departments
of the City. After discussion, motion was made by Alderman Weis, seconded by Alderman Roxton:
That the Seal presented be adopted as the offical seal for city stationery. Upon vote, the
voting was as follows:
Yes: Aldermen: Weis, Bowie, Felts, Leggett, Matthews, and Rowton.
No: None.
Mayor Eden announced the committee compo6ed of Aldermen Matthews, Bollinger, and
Leggett had awarded the contract .for fence for the incinerator to Sears, Roebuck & Compat~y
in the amount of $2,257.51, and that a 3~ discount from the bid amount will be made to the
City,
The Council was informed that in studying methods to obtain funds to construct
community centers it may be possible to refund the General Obligation Bonds after
August, 196lt, and that the following proposal had been received from Trulock & Company, Inc:
Mayor and City Council
City of West Memphis
Arkansas
Gentlemen:
To aesiet you in obtaining funds for construction of public facilities, we offer the
following proposal.
We will proceed with the refunding of your General Obligation bonds, dated July 1, 1960,
as soon as is legally possible after August 1, 1961y. We will prepare bond schedules with
maturities to best fit your needs. We will employ and pay the fee of bond counsel, and pay
the expenses of printing and the trustees fee and will pay the coats of publishing neceasxy
ordinances and notices pertaining to the issuance of refunding bonds.
We will guarantee the sale of the bonds at par at a specified interest rate with the
principal amount of the refunding issue and the interest rate to be determined by mutual
agreement no later than 60 days prior to the issuance of the bonds.
It is understood that for our services we will receive any premium bid, not to exceed
2~.
In the event the bonds are not issued, you will be under no obligation or expense for
our services or for an,Y other costa.
Upon acceptance by you this agreement will be in effect until February 1, 1965 or
thereafter as mutually agreed.
Yours very truly,
TRUI.OCK & COMPANY, INC.
BY /S/ JOHN A FOGLEMAN, JR.
Accepted , 1963
City of Weat Piemphis
By , Mayor
By , Clerk
After discussion, motion was made by Alderman Rowton, seconded by Alderman Leggett: That
the riayor be authorized to sign the proposal as presented. Upon vote, the voting was as
follows:
Yea: Aldermen: Weis, Howie, Felts, Leggett, Matthews, and Rowton.
No: None.
204
The previous condemning of the Community House was discussed, and motion was made by
Alderman Weis, seconded by Alderman hatthexs: That the Cortununity House be dismantled when
City labor is available. Upon vote, the voting. was as follows:
Tes: Aldermen: Weis, Bowie, Felts, Leggett, Matthews, and Rowton.
No: None.
Mr. G. W. N.cAuley appeared before the Council to request that parking be permitted on
the east side of S. 2nd Street in the first block especially during the holiday shopping
sewn due to congested parking on Broadway. After discussion, the matter xas taken under
consideration.
Alderman Bowie brought to the Councils attention the parking of dunked trucks at the
southeast corner of ].lath and Thompson and between 10th and 11th on N. Thompson. After
discussion of these matters, the Mayor informed the Council the Po11ce Department would be
advised to take action.
No further business being presented, motion was made by Alderman Rowton, seconded by
Alderman Weis to adjourn. Upon vote, the voting was as follows:
Yes: Aldermen: Rowton, Matthews, Leggett, Felts, Bowie, and Weis.
No: None.
N,AYOR
i _ ~ - ~ / .-
ATTEST
APPROVED: DECEN,BER 19, 19E3