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RESOLUTION AWARDING THE PURCHASE OF THE CITY OF JONESBORO, ARKANSAS, GENERAL OBLIGATION INDUSTRIAL DEVELOPMENT BONDS, DATED JUNE 1, 1968, IN THE PRINCIPAL AMOUNT OF $840,000
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WHEREAS the City of Jonesboro, Arkansas (“City”) duly advertised and now has under consideration the sale of $840,000 of City of Jonesboro, Arkansas General Obligation Industrial Development Bonds, dated June 1, 1968, in the principal amount of $840,000 (“bonds”); and
WHEREAS, the following bids were received:
Sullivan, Trulock & Dillingham, Inc 5.20
Simmons 1st National Bank Pine Bluff 5.075
1st National Bank of Memphis 4.97
AND;
WHEREAS the City has received and considered the said Bids;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Jonesboro, Arkansas:
SECTION 1. That the bid of:
1st National Bank of Memphis
Account Members
1st National Bank of Memphis
T.J. Raney & Sons
Stephens, Inc
Harrow Smith Co.
Womeldorff & Lindsey
For the bonds is hereby found and declared to be the best bid and said bid is hereby accepted, subject to the terms and conditions of the Notice of Sale of the bonds.
ADOPTED: October 28, 1968.