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July 20, 1961~~~ MINUTES OP A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS, __HRTn AT THR CTTV HAit IN CA Tn C`T7'V TH ne nc ti[iy tof,t ~.1DLTNR 7n Y ,-~.,.=a,-e~*_Z~O_ti ;ra_.____-_._____ _. - ._.____.___.____.____.^_.. _.___-.._~r______.___._._. The City Council of the City of West Memphis, Arkansas, met in regular session in the City of West Memphis at 3:00 o'clock P. M, on the 20th day of July, 1961. The following were present: Aldermen: C. H, Rowton, Y, G. Sims, R, C. Bowie, Earl Felts, and J. F, Lackey; and City Attorney W, H, Dillahunty, Absent: Aldermen: L. E. Roleson, 0. I. Bollinger, and R, E, Eden, It being determined a quorum was present, the following proceedings were had to-wit: Minutes of Council Meeting on July 6th were approved as read. Mayor Price informed the Counal the first order of business would be receiving bids For Public Liability and Property Damage Insurance covering fleet of automobiles and trucks as per Notice published on July 5th and 12th in the Evening Times, The following bids were received: Klindworth Insurance Agency, Inc. $2394.47 Delta Insurance Agency, Inc, 3754,41 McGonagill-Roberts Insurance Agency 2832.01 United Insurance Agency, Inc, 1830,00 After discussion, motion was made by Alderman Sims, seconded by Alderman Felts: That the low-bid of United Insurance Agency, Inc., in amount of $1830,00 be accepted. Upon vote, the voting was as follows: Aye: Aldermen: Rowton, Sims, Bowie, Felts, Lackey. Nay: None. City Clerk Charles F, DeGraff informed Mr, C, B. Senhausen of United Insurance Agency, Inc., the insurance would be effective as of Midnight, July 20, 1961, Insurance Agents Curtis Foster, C. B. Senhausen, H. L. McGonagill, and Gordon Price being present, City Clerk DeGraff reported to the Council on progress being made in checking the city s property to have the insurance written under Public Institutional Property floater coverage whereby the insurance would be bid and awarded to the low bidder and the commiesions would be pro rated among the licensed insurance agents in West Memphis. The Council was informed that the total valuation on the City's property for insurance purposes excluding the electric generating plant and contents, light and water office and contents, water towers, swimming pools, radio equipment, fences would be $650,365.00, The increase of $378,136,00 in value of insurance would cost the city approximately $180,00, After discussion of the coverage, extra amount for agent who handles the insurance, and an effective date for puting the plan into operation, motion was made by Alderman Lackey, seconded by Alderman Rowton: That City Clerk DeGraff be authorized to proceed with having the City's insurance combined in a Public Institutional Property policy as outlined, Upon vote, the voting was as follows: Aye: Aldermen: Rowton, Sims, Bowie, Felts, Lackey. Nay: None. No further business being presented, motion was made by Alderman Felts, seconded by Alderman Sims to adjourn. Upon vote, the voting was as follows: Aye: Aldermen: Rowton, Sims, Bowie, Pelts, Lackey, Nay: None, y~ ~: }} ~ ~ YOR ATTES /~ CITY C APPROVED: AUGUST 17, 1961