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RESOLUTION AUTHORIZING THE EXECUTION OF A CONTRACT FOR SALE ON BONDS TO BUILD CITY HALL AND NEW FIRE STATIONS
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WHEREAS, the citizen’s taxpayers and qualified electors of the City of Jonesboro did at a special election called and held in said City on April 8, 1958 vote in favor of issuing $180,000.00 in bonds for the purpose of aiding in the building and equipment of a City Hall and Central Fire Station and a Fire Sub-Station; and
WHEREAS, notice of the sale of said bonds has been duly given and published as required by law offering said bonds for sale to the highest bidder at 2:00 p.m. on this the 10th day of April, 1958; and
WHEREAS, the firm of Stephens, Inc. Stephens Building, Little Rock, Arkansas bid for such bonds 2.74 interest, which bid is found to be the highest and best bid offered;
NOW, THEREFORE, BE IT RESOLVED BY THE City Council of the City of Jonesboro, Arkansas setting at a duly constituted adjourned meeting this April 10, 1958, that the bid of Stephens, Inc., which bid was for 2.74% be and is hereby accepted; and that the Mayor and City Clerk be and are hereby authorized and directed to execute a contract for the sale of such bonds to the successful bidder.
PASSED and ADOPTED this 10th day of April, 1958.