Minutes 09-09-64MINUTES OF SPECIAL MEETING OF THE CITY COUNCIL~ HELD IN
CITY HALL, BOYNTON BEACH, FLORIDA, SEPTemBER 9, 196~, ~:$~ P.M.
Present:
J. ALLISON BANKS, MAYOR
JAMES J. MAHONEY, VICE V~AYOR
JOHN L~ ARCHIE~ COUNCIIF~AN
~ALTER Ao MADSEN, COUNCILMAN
THOMAS A. o~O~iERS, COUNCILMAN
F. To KAIN, CITY MANAGER
GENE MOORE, CITY ATTORNEY
TEREESA PADGETT, CITY CLERK
Also: Ed Wrightsman, Bache & Coo
T~ R. Alcock, Fisca2 Agent
This special meeting was called to order by Mayor Banks
at S:$~ p.m~ Purpose of said meeting being to officially
approve the agreement made between Bach~& Co. and the City
Council regarding the 1965 issue of Refunding and Improvement
Bonds in the amount of $6,000,000~
Mr. Mahoney asked the City Attorney to review the terms of the
agreement. He did so as per attached copy of agreement and
stated that he approved the contents therein and recommended
that the changes be initialed by both parties.
Mr. Wrightsmanagreed to prepare the official statement and
present same to the Council for approval.
Motion was made by Mr. S~mmers to accept this
authorize the proper officials to sign same.
by M~ Madsen and unanimously carried.
agreement and
Motion seconded
Mr° Archie requested that the record show that he had not
changed his vote in this matter, but since the action to accept
the bid was approved by a 3 ~o 2 voter he felt he should vote
on the subject now that it was a Council matter.
Mayor Banks stated that in signing Resolution 6~-GG they both
indicated the same reasoning on the matter.
Mr. Wrightsman, representing Bache & Co., presented the Council
certified Check #191BO0, Morgan Guaranty Trust Co., New York,
in the amount of $120,0/)0 evidencing good faith.
Meeting adjourned at 3:~2 p.m.
Allison Banks~ Mayor
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MINUTES
CITY COUNCIL
Boynton Beach, ~lorida
S~ptember 9, 1965
Tereesa Padg~, City Clerk
~ter Ao Madsen,
Thomas A. Summers, Co~ucilman
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