0707~•
J
ION N0.
RESOLUT
WHEREAS, the Utility Commission met on May 29, 1979,
and after receiving three (3) proposals for Bond Counsel for
a the proposed purchase of an undivided interest in the AP&L
,,, Generating Plants, and having selected the lowest price
proposal, which was from the law firm of Wright, Lindsey &
Jennings, Little Rock, Arkansas; and,
WHEREAS, the Utility Commission met on June 8, 1979,
and selected the bond underwriters as directed by Resolution
No. 699, which are listed as follows with their pro rata
share of participation:
E. F. HUTTON CO. 50%
STEPHENS & CO. 20%
RAINEY & SONS 15%
UMIC 15%~
and,
~ WHEREAS, Mr. Dave Wilson, North Little Rock Attorney,
who has worked with the project since the inception, was
retained as Assistant to the City Attorney to work on the
project as needed on an hourly basis at Fifty Dollars ($50.00)
hourly;
THEREFORE, BE IT RESOLVED that the following be retained
by the West Mempr~is City Council in the negotiation and
acquisition of an undivided interest in the AP&L Generating
Plants
(1) The law firm of Wright, Lindsey and Jennings, Little
Rock, Arkansas, be retained as Bond Counsel;
(2) The Bond Underwriters retained to underwrite the
bond issue and to share management iri the following percentages,
are:
~. F. HUTTON 50%
STEPHENS & CO. 20%
RAINEY & SONS 15%
UMIC 15%
1.
l ~~..
(3) Mr. Dave Wilson, Attorney at Law, North Little Rock,
Arkansas, be retained to assist the City Attorney as needed at
Fifty Dollars ($50.00) per hour.
ADOPTED
this ~ ~ day of _
U ~
~ 1979•
MAYOR
2.