HomeMy WebLinkAbout1964.06.03_City Council Minutes~.~e7~
June 3, 1964
The Board of Trustees of the Town of Owasso met in special session at the Town
Hall on the 3rd day of June, 1964, at 6:15 p.m.
Present:` Don Austin Trustee
V. D. Duncan Trustee
Floyd Flournoy Trustee
Josephine Downey Deputy Clerk
Absent: Mr. Bryson and Mrs. Odom
A motion was made by Mr. Duncan that if Owasso Bank can meet or equal Tulsa Bank
on interest of treasury bills, we will invest the following amounts as suggested
by Mr. Mansur;
$100,000.00 for Certificates of Deposit (90 days)
40,000.00 for Treasury notes (60) days)
25,000.00 for Treasury notes (30 days)
X165,000.00 Total investment
If the Owasso Bank cannot meet the Tulsa Bank interest rates, the investment is
to be made with the Tulsa Bank and the balance deposited there. Don Austin seconded
the motion. Ayes: Austin, Duncan, Flournoy.
Duncan moved the meeting adjourn at 6:45 p.m. Austin seconded the motion. Ayes:
Duncan, Austin, Flournoy.
The following Claims were approved:
First National Bank of Owasso 100,000.00
First National Bank of Owasso 40,000.00
First National Bank of Owasso 25,000.00
. J. Brys , President of the Board
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Inez H. Odom, Town Clerk