HomeMy WebLinkAbout1962.01.26_City Council MinutesJanuary 26, 1962
The Board of Trustees of the Town of Owassq,State of Oklahoma, met in
adjourned session at the Town Hall, January 26, 1962, 7:30 P.M.
Present: W. J. Bryson
Harold Charney
Josephine Downey
President, Board of Trustees
Trustee
Deputy Clerk,(Town)
Absent: Ed Hayes
Marguerite M. Reed
Trustee
Town Clerk
(Other proceedings)
It appearing that due and legal notice had been given that the Town of
Owasso, State of Oklahoma, would offer for sale on this date and at this
time and place its $35,000.00 of Sanitary Sewer bonds maturing $5,000.00
in 3 years from their date and a like amount annually each year thereafter
until paid.
The Board of Trustees proceeded to consider the bids received for the
purchase of said bonds, which were as follows:
ITEMIZATION OF BIDS
IN DOLLARS IN PERCENT
First Natal Bank & Trust Co.
of Tulsa X5,962.50 2.8392%
Don D. Anderson & Co.
of Okla. City 6,249.00 2.9757°6
H. I. Josey & Co. Okla. City 6,250.00 2.9761/
Liberty Natal Bank & Trust Co.
Of Okla. City. 6,268,75 2.9851%
R. J. Edwards,:Irlo. Okla. City 6,712.50 3.1.964%
Milburn Cochrar. & Co.,Okla. City7,081.00 3.~7i9'~
Each bidder was required to submit with his bid a sum in cash or its
equivalent equal to two per cent of the amount of his bid and, after
due consideration of all bids received, it was moved by Charney and
seconded by Bryson that the bid of The First National Bank and Trust
Company, Tulsa, Oklahoma being the lowest interest rate bid, be accepted
and the bonds be awarded, sold and ordered delivered to said bidder upon
the fulfillment of the terms as set out in said contract and laid for the
~grchase of said bonds, which motion was adopted by the following vote:
Ayes: Charney, Bryson.
Nays: None.
(Seal)
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Deputy Town Clerk d Preside t, Boar of Trustees