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<br />THE COUNCIL t"•ET if•i S+-LCIJ+L ~tSSl~;rJ GtJ TF11`--~ D.ATt WITH THF: FULLU`n'ING L1E61L'ERS
<br />In ~ p.t,, !t, d - r,_ to I..f- 1NEiF:Ru. F~HSENT: P1tt. =iAV 15.
<br />PkESiENT: FORFi~J, ~ ~. +LL, I.Ft. ttitLL AidU F. !
<br />THE FOLLO':.' I NG RE POKT OF THE F t NANCE Cor'Si~II TTEE G 1 V i N6 7HE RESUL 7 OF THE SOLE
<br />OF $~ , i7`_~,ivU.UU CITY OF rHARL.OTTES`J ii_LE '•'JATL R Ar:D SCHOOL I t•7PROVEt•7LNT BON(i5, 'n'AS
<br />PRF.SEFITFD AND CONSIDEP.ED:
<br />OCTOBER "L~, 1953
<br />TO THE I~E'F•1BCR5 OF THE COUNCIL
<br />CITY OF CHAi''LOTTc:S`JIE.f.L, LJfft;INIA
<br />GFNTI_Er~IEN:
<br />PUFtSL)ANT TU URDiNAtJCES ADOPTED E?Y THE COUNCIL OrJ .DUNE 15, 195.3
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<br />AND EPTci.iElLR Z.L, i:353, SP RE AU iN OEtDtNAiJGL BOOK 3, PAGES 1ci1'lo3 A1`FD
<br />• PAGE'a 1u3~i84, YOUR UNDEkii l t'ifJED F I NANCL ~-Otih7l TT_E 'rJAS AU ; HC+R I ZED 1'O ~EL_L
<br />AT RAR UR idORE, AN 155UE OF ~D95G,JGv.GO CITY OF' CHnRL0T1E'>L'ILI_E CCtiOOL
<br />Ir4PRUVE:t•7ENT 30NUS, CF-F.tES OF i`y5~, ArJU !'t1RSrlAfJ7 FG ORUiNANCE5 ADOPTED
<br />iS'f tHE C+'~ti~lGIL..Ort FE(;kUAF?Y 21, 1~'=r9 AIJD %~~PkIL -"+, 1y49, SPREAD IN
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<br />C4<D i NA:JGE uvGK 3 PAG=S 5`.-~9, Y•.:~Ui2 ;1rJDE R:, I GNED F i NAPJCE ;/G""ti i T T~E l1AS
<br />M
<br />AUTr,GRI ~1:U Tv SE'Ll_ AT PAt2 Cif: i,iU':E, AN iS~iUT." t'?F ~225,GGG.JG CITY tiF
<br />CtiF:I1LOTT'_SVILt.t:. ~'!AT.:-R it•tpRGVEtAEfdT BONUS, ;ER1=-S '.:~F 19-9, Bf:_ING PART
<br />OF AN ISSUE OF $87J,UUU.UU Ati GESCRIETED AfJD 5E'1 f-Q(~T';i 1?I SAiD Qi2DINAtJGES,
<br />ANU ALSU A> AUTiiORIZED i3Y APPRU'v'AL OF ~ INArJ~:E C(~~'1`11TTEF ~S KEPOf2T AND
<br />t?ECULi?AEND:;T i ON A7 THE Ct±IiPJC t (_ 1AECT I rJG HELD i)!J OC i OBE Rtii, 195.3.
<br />REPORT OF FINANCE COiAr4 i TTEE
<br />RE : SAI_ E OF BONDS
<br />iN ACCORDANCE 1,'FTH ',:AID AUFHGFtITY THC FIJAiJCE CiaF'"rITTFF_ ~?ECF:IVED
<br />SEALED ttlD`i AT A 1.1'~EfING CiF THE ~'~Ot;G11Tf'r:F FiEI.U AF 2:UU CItCLOCK P. !`i.,
<br />L, .S~ T,, i1N OCIOEILF=. ZL, 19`>3 FOR TitE P11F?C.}SASE VY FNE ~~1,17~,`vGU•vU
<br />CITY OF CHARLUTTE:i\'iL(_E ;C~NDS UAT.D i'iGVE'(L++: 4: 1, :i.3~'3• " CUPY i'`f It7E
<br />t.l l MUTES OF Tr. I ~ t;E:E7 I NG I5 L I5 r` D EiELOW:
<br />~~ I fdUf~S Or THE N1E:ET 1 iVG OF T'~-IC r= I i~%~:'uGE ~UP',t~117TEF OF' Tk(E C 1 TY CAF
<br />i~}i,',iLOTTE;!i'ILI_~ 1':CLr' •',T 2: vv O'~GCK P. ."„ !~. ~. T. OCTOBER 2Z, 1953
<br />a=~ MEETING OF T"tiE FINA~JGE CC)Fi h11T T!~E OF THE S`IT`+' vF CHAEtLOT TESVII_i_E
<br />,:aS HEL_D IN THE CGIiNCII_ ~CHF:b1FSER AT THE CITY HALL AT 2: GC n~Ct-OC'K P. M•,
<br />E. ~. T, OFJ TFIE 221JD DAY OF OCTUBEI?, 1953 PUft3UANT TU A t:i+Lf_ FsY THE
<br />CHA 1 RP1AW, FOF; THE PURF'CSi. OF RF~_ E. i V I'VG ANU CONS i DEk 1 ~!G SEALEU :~ I DS
<br />FUR TttE PURCHASE OF 95Ci,vGO.GG CITY OF CHAi2LUTi'ES`Ji~LL CCHOOL ItdPRO`JE-
<br />h1ErJT I-'CMOs, CEF?iL``~ OF lyJ.j ArdO ~Z~~7,vvC).vG CIi4' C?F `~HARLOTTF"~iVll_LE 'J~AT=R
<br />114PFtUVE:idENT BONDS, .~iE;RfES CF 199, 1v'ITH THE F'ULt_t)'rJFNG tTL:113Et•:S PF:'t5F_BJT:
<br />M?. Fv(Zt1iy, I`~R. Tt.EiE.LL AiJU ~"~R. IJ~%r+"-1N13ERG. Ati'iENT: ~~~OtJE.
<br />THE C1i.,iRG1A(J, t''~R. 'iEIrJBERG, PRESiJL'D, A(JD i~F(. .'AS, E, BOWEN, .iR.,
<br />CITY MiAtJAG± R, LlAS L?F.' F •aNAT` D TU P.C7 <^•::> j~CR[. F A'RY OF THE t-tEE (I .^JG~
<br />j+ COPY G( THE ivUTICE OF HOMO S^LE OF $1,175,;;GO.GG ~Cli`f ~)F C'inRLUTTES':~ILLE,
<br />V I RG I N i A BONU':~ WA5 PItF.SErdTEG. THE CHA F F2P1A7J ST ATED t HAT TIi 15 %:GT ! CE OF GALE
<br />tiAD BFFb7 Pll(3't_1SHED IN THE Ci,INU BUYER Orl OCTUHER 7, 1353, AND `1AD E7EEN h1AiLED TO
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<br />INTERE TED 3itN0 HOUSES. THE '~NAfRiRAtJ Di RECTED fHE aECf?LTAf:Y TO OPLN rFSD READ
<br />ALL siDS RECEIVED UP TO 2: GU O~CLOCK P. M„ E, S, T,, ANU TG RE-'~URD THE SAr.7E,
<br />THE FUr.LOW 1 N(; B 1 DS .WERE. KLCE. I'JED, CiPENED AND F?ECOF2DED:
<br />~ I UD~~$ ~ ~(l=_ZE57_~AI~ '±_t'JS2SjPJ,T
<br />
<br />CHEr+11CAL E)AfJK ~+ TRUS"f CO, '~ cl
<br />F-R57 FIGHT i:1AT, liii~
<br />TAYLOR 8r CO.
<br />KEAN ~+EXT T'~J (:L`JE t•1AT. ~i~
<br />,
<br />PAi(t,, RYAiJ, ItJC. $1,15,386.58
<br />WH 17t~., ~~~ELD AhlD CO, Z.''
<br />TR1157 Cc. of rFOR,iA
<br />BIDS RECEIVED (' ~+i F ~'
<br />P`tA:1NE TRU`.;T O. OF EST..-P.N I+.
<br />l.OlsRTS A*:D CUr.7PAIJY $i,17ci,64?_,50
<br />EASTi•1AN, '~ ILI_ON 2s Cn~ Fr:iST NINETEEN "•1,4T. Z
<br />CENT AL ?!:PU[31_ 1 ^ Cl). NEXT ONE f-1AT. lqi~
<br />
<br />NVESTMENT ^')RF'. OF i`%OkFOLK
<br />B RAtJCH, CABELL & -CO. $ 1, 175,UC9.50
<br />J. P. MOi?GAM Ys CO. , i NG. F r t25T E I Gf7T rAAT.~ ?J
<br />AIJD ~'~SSUi~rATE;S NEXT T':!(LVE t.1A7. ~~ .``p1,175,17i3.JU
<br />GUARANTY Tf;U~T CG. OF I~. Y. FIRSTrOUK f.tAT, j~~
<br />!ACHE of CQ~ NCXT SIXTEEN f•iA7. Z
<br />i^+~ y~:LiSTf.R~~'ul1GiILr27Y ~ CU. ~1,i75,34G.7
<br />THE CHr','c,E iuA71 i~rdAt B.4FJK FIRST THREE rAAT. 5i~
<br />~+NDERSON & JTRUD1dICK I`~EXT SEVEfJTEE(J SAr.T. 2~
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<br />CUB F F N AND ~~URR, INC.
<br />~+~YLI_IE ~ THORNHIL.I_ $~1,15G,7GG.GG
<br />PHELPS, FFNrJ ~ Cc?~ FIRST SIXTEEN r•1,^,T. Lf'
<br />B. .1. ',JAPJ i rTCEN & Cps i~LXT FOUR htA'T. ~.20
<br />PiA,orJ-I{ACF~N, INC.
<br />TFi'L BANK OI VI;;GI*JIA $1,17v,071.60
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