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HomeMy Public PortalAbout1943_10_25SPEC 349 Q • C & F Telephone Company a .15 Nielsen Co. - - 4.41 J. S. Whitmore 1.37 Loudoun News 36.60 Earl L. Poston - - -- .71 . Newton' s Garage - - -, - - 2 .10 H & H Chevrolet Sales - - - - - 1.50 • McDonald & Jenkins- - - - - - - - 4.00 ' Loudoun Times Mirror 2 .00 • Max Davis 20.37 Hall c Hall 37 .50 Leesburg' Lime & Fuel Corporation- 21. 54 The Bond Buyer 16.38 Total _ - - - $ 534.29 On motion of Councilman Oliver , seconded by Councilman . Fiske and unanimously carried the following Resolution was adopted ; BE IT RESOLVED , by the Council of the Town of Leesburg , in Virginia .that the Auditor-Treasurer be and he is hereby authorized and directed to purchase two ( 2 ) pair of winter trousers for Sgt. Gill . • . On motion of Councilman.,Oliver , seconded by Councilman Turley and unanimously carried the following Resolution was adopted ; BE IT RESOLVED? by the Council of the Town of Leesburg, in Virginia that the Columbian Bank Note Company be employed to print the new issuae of $73 ,000.00 Town of Leesburg General Obligation Refunding Bonds , at. a cost of $67 .50. • .The Mayor , Councilman Fiske and Auditor-Treasurer Rhoads each made a report on the Convention of the League of Virginia Municipalities which they recently attended at Roanoke , Va. There being no further business , on motion duly made , seconded and carried the Council adjourned at 9 :27 P. M. • APPROVED : - 4e/-t. o rder Mayor October 25 , 1943 SPECIAL At a special meeting of the Mayor and Town Council of the Town of Leesburg , in Virginia held in the Council Chamber on Monday October 25 , 1943 at 7 :fl F. M. there were present; B. N. Bradfield , Mayor ; Louis T . Titus , Recorder ; C. W. Fiske , J . L. McIntosh, J. T. Eourihane , J.. L. Oliver , 'L. C. Rollins , and J. H. Turley, 'Councilmen. The Mayor stated that the purpose of the meeting was to open bids on Town of Leesburg , Virginia General Obligation Refunding Bonds , pursuant to a resolution adopted by the Council on September 20, 1943. • ' The was no reMayoraaeked the assembleage if all_bids were in. There ply. The Recorder opened and read the bids".. • • Upon motion of Councilman Oliver, seconded by Councilman Fiske and unanimously carried the Council went into executive session and those present other than the' Councilmen, Mayor and Recorder were asked to retire from the Council Chamber . After some discussion as to the best bid etc. on motion of Councilman Oliver seconded by Councilman Turley and unanimously carried the meeting was declared open and the bidders and visitors were. invited to reenter the Council Chamber. 350 A RESOLUTION ACCEPTING BID FOE TEE SALE OF • THE ISSUE OF SEVENTY'THEE THOUSAND DOLLARS ($73,000.00) REFUNDING BONUS OF TH TOWN OF LEESBURG , IN VIRGINIA. WHEREAS ,. by resolution heretofore adopted , Louis T. Titus , Recorder , was instructed to advertise for bids for Seventy- three Thousand Dollars ( $73 ,000.00) Refunding Bonds , Series of • 1943 , dated December 1 , 1943 , and payable as set out in a Res- olution passed by the Council of the 20th dau of September ,1943 : and , ; WHEREAS ,. the Said Louis T. Titus , Recorder , advertised that bids would be. received for said bonds and a meeting held in the Council Chambers at the Town Hall Building , Leesburg , Virginia , at 7 :00 P. M.., October 25 , 1943 , at which time the bids would be opened by the said Louis T. Titus in the presence of the Council ; and , WHEREAS , the following bids were submitted an4 considered : Alex. Brown & Sons $ 73,737 .30 @ 1.50% R. M. Armistead 73,021 .00 @ 1.80% C. F. Cassell & Co. 73 ,291.27 @ 1.75% . F. W. Craigie & Co. 73 ,143.81 C 2.00% R. S. Dickson & Son 73,004.95. t - 1.80% The •Peoples National Bank and The Loudoun National Bank of Leesburg , Virginia 73,000.00 t) 1.60% Mackey, Dunn & Co. & The Purcellville National Bank . 73 ,091.25 C 1. 75%, Scott, Horner & Mason . 73,019 .89 @ 1.60% Scott & Stringfellow 73,100.50 © 1. 75% Second National Bank Culpeper , Virginia 74 ,204.50 C 2.50% WHEREAS . the Council deems it most advantageous for the Town .to accept the bid of Alex. Brown & Sons which is $73, 737 .30 with an interest or coupon rate of 1.50 per cent. NOW, THEREFORE, BE IT RESOLVED,aby the Council of the Town of Leesburg in Virginia that the bid of Alex. Brown & Sons for Seventy-three Thousand Dollars ( $73 ,000.00) Refunding Bonds at $73 ,737 .30 with a coupon rate of 1. 50 per cent he and. the same is hereby accepted and approved and the Auditor-Treasurer is hereby authorized , instructed and directed to deposit the check of the said Alex. Brown & Sons in one of. the depository banks in the Town of Leesburg in a special account titled ; Town of Leesburg Virginia , General Obligation Refunding Bond Account , by Roscoe B. Rhoads , Auditor-Treasurer , and the Recorder is hereby authorized , instructed and directed to return immediately the checks of the other bidders for said bonds. On motion of •Councilman McIntosh , seconded by Councilman Oliver and carried by the following Recorded vote ; FOR! C.W.Fiske , J.T.Hourihane , J .L.Mclntosh, J .L.Oliver , L.C.P.ollins & J.H.Turley. AGAINST : NONE, the following Resolution was adopted ; On motion duly made seconded and carried the Council adjourned at 7 :38 P. M. tbtmebteagain at 7 :P.M. Tuesday , October 26 , 1943 in the Counnil Chambers. APPROVED : a- RECORDER COP ,�,4;cD Mayor