01.07.1955 Town Council MinutesVOLMM # 2.
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Town of Prosper,
January 7, 1955.
The Board of Commissioners of the Town of
Prosper met in special session at the regular place of
meeting, the Prosper State Bank Bldg., with the followin g
present, Mayor U.N.Clary, Commissioners, D.C.Reece and Roy
Skelton. None ahsentl
An Ordinance was introduced by Com.Roy.
Skelton, and after being seconded by Coin. D.C.Reece, it was passed
by the following *te, Ayes, kayor Clary and Commissioners Reece
and Skelton, Noes, none,
This ordimmee authorized the issuance of
$ 25,000.00 Water Wrrks and Sewer System Revenue Bonds,` to be
dated Jan. 1, 1955, to mature serially over a period not to
exceed 35 years, and to bear interest at a rate not to exceed
4J per cent per annum. The number, maturity and option
was included in the Ordinance.
An Ordinance was introduced by Com. Roy
Skelton, and after being seconded by Com. D.C.Reece, it was
passed by thF following vote; Ayes, Mayor V.N.Clary,' and
i Com. Reece and Skelton. Noes, none,
This Ordinance authorized the issuance of
$ 15,000.00 of general obligations bonds, entitled "City of
Prosper Sewer System Bonds," ro be dated Jan. 1, 1955, and
bearing interest at the rate of 3i and 4,,per cent per annum,
to mature serially over a period not to exceed 35 years,
The n umber, maturity and option s were included in the Ordinance.
An Ordinaae was introduced by Com. D.C.Reece,
and being seconded by Com. Roy Skelton it was passed by the
following vote; Vrxr !Ayes, Mayor U.N.Clary, and Commissioners
► _ D.C.Re ce and Roy Skelton, Noes, none,
This Ordinance prescribed rates for the
City(s Waterworks and Sanitary Sewer System.
It was ordered that the above Ordinances
be made a port Yntda of the minutes nf the said meeting, and
copies of, all were ordered filed in the records of the said
Town of Prosper, under Minute Book Vol.,2, Page 1.
The meeting then adjourned.
Mayor.