07.21.1986 Town Council Minutes1-70
Emergency Meeting
Thursday, July 21, 1986
City hall; 7:00 PM
Those Present: Mayor Cockrell; Council Members: Steve Bell,
John Chris --tie, Grady Smothermon.
Call to Order: mayor Cockrell called the meeting to order.
Approval of An Order Granting the Mayor the ALithority to Act
on Behalf of the City council as authorizinq Agent on a Bank
Loan for the Payment of Construction Cost on a Bar Screen:
. .................................... _
Steve Bell made a motion to name the Mayor, John Cockrell, as
authorizing agent on a bank note with The Bank in Frisco, Texas
in the amount of $17,000.00 for 36 months at a rate of 12%.
John Christie seconded the motion. Motion carried.
,Approval of An Order Authorizing Siqnatory Agents on the C'ity�-s
Checkinq Accounts: Steve Bell made the motion to authorize
Linda Grumbles, John Cockrell, John Christie, and Grady Smothermon
as check signing agents for all City accounts. A total of two
signatures must be on all checks. John Christie seconded the
motion. Motion carried.
Adjourn: John Christie made a motion to adjourn. Grady Smothermon
seconded the motion. Motion carried.
,u
MAY R
CITY SECRETARY