HomeMy WebLinkAboutCOUNCIL MINUTES 1952-01-29 Page 661
MINUTES OF THE ADJOURNED SIXTIETH REGULAP MEETING
OF THE COUNCIL OF THE CITY OF LIVONIA
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On January 29, 1952, above meeting was held at 33110 Five Mile Road,
Livonia, Michigan, and was called to order at approximately 8.50. P.M. by the
President of the Council, Harry S Wolfe. Roll was called with the following
result. Present-- Harry S Wolfe, Wilson W Edgar, Raymond E Grimm, Nettie Carey,
William Taylor and John Whitehead Absent-- Harvey Jahn.
Murel J Sancrant and Arthur Tresch filed with the City Clerk written
proposal dated January 29, 1952, and a discussion was had on the merits of such
proposal
By Councilman Taylor, seconded by Councilman Whitehead and unanimously
adopted as follows, it was
A- g5/ RESOLVED, that the written proposal of H V Sattley & Co ,
Inc , B J. Van Ingen & Co., McDonald—Moore & Co , Mullaney & Wells &
A Co , dated January 29, 1952, identified by the signature of the City
Clerk, guaranteeing to bid on bonds to be sold under Ordinances 42 and
43, as amended, a price and coupon arrangement to give an average
annual interest of 3.25% or less, in consideration for which guaranty
the City is to pay such guarantors a fee of 3% of the principal amount
of the bonds sold, not including bonds exchanged, be and hereby is
accepted and approved, subject to the conditions stated in such proposal
A roll call vote was taken on the foregoing resolution with the following result:
AYES • Edgar, Carey, Grimm, Whitehead, Taylor and Wolfe
NAYS : None
By Councilman Whitehead, seconded by Councilman Taylor and unanimously
adopted as follows, it was
RESOLVED, that this 60th regular meeting be further adjourned
to 8 .00 P M on Monday, February 4, 1952.
The time of adjournment was 9.55 P i , January 29, 1952
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Iii lY_ ii. Clark, City Clerk
Attested:
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Har S W e, President