03.07.1978 Town Council Minutes21 1_
Special Meeting March 7, 1978
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The Prosper City Council met in Special Session March with the following members
present: Mayor, Roy Skelton; Councilmen, Uera Clary, R. L. Dalton Sr., Morris
Jackson, Dannay %bb and T. Al. Bailey. Others present were the city secretary,
M. P. Bridges. Jaunice Stanton, reporter, Ralph Boyer, Pres. Prosper State Bank,
and the city Lngineer, Russell Betts, Representatives of First Southwest Investment
Company, Dan Cobb and Mike Ashford.
The Mayor opened the meeting and asked Mr. Cobb and Mr. Ashford to proceed with
the work to be done at this meeting with reference of issuing Revenue and General
Obligationsâ–
The Certificate for Ordinance Authorizing the Issuance of Revenue Bonds in the amount
of $30, 000 was explained and the Mayor asked for a motion from the council.
The motion was made by Vera Clary and seconded by Dann)r Webb that the council
Revenue Bonds
pass the certificate for the ordinance authorising the issuance of gvxexmkvvW-akijm
hk. Motion carried by unanimously vote with all members present.
The same proceedure was followed with reference of to General Obligation Bonds
in the amount of $100,000. The motion to pass on this certicificate $Br the
orinance authorising the issuance $100, 000 was made -by Morris Jackson and seconded
by T. A. Bailey and carried by unanimous vote with all members present.
Mr. Ashford explained the diposition of the money and Ralph Boyer signed the
necessary papers.... Signatuse Identification and No -Litigation Certificate.
After all papers were signed this portion of the meeting was compl6ted.
It had been advettised that the council would interview applicants for the position
of Water and 'ewer Works Operator at this meeting. There being no applicants
present a motion was made by Morris Jackson and seconded by T, A. Bailey that the
meeting adjourn. Motion carried by unanimous voter
.7)
M. P. Bridges
Secretary