HomeMy WebLinkAbout05-31-46. ~~
Council minutes Pulaski, Va., day 31
1946
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SFSSIOiV The Council of the Town of Pulaski, Virginia, met
in special session at ~:UU o~clock P. i~., may 51, 1946, at
the mayor's office.
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There were present: ~iuyor ~. T. ;skriage, presiain~j;
Lottie tt. Bunion, Clerk; ti. Yii. Gatewood, Director of rubli
V~orks, and Councilmen: U. P. Joraan, Jr., T. F, 4rirt,
Howard H. Iruboden, F. x. Se~,gle, ~~. D. bust . . .
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_ absent: uu. F. Y~hite and G. C, Hall; i. R. Carper.
The Mayor stated that the meeting had been called f~br
the purpose of considering and taking action in the matter
sale of
of` investing the proceeds fron thef ~550,000.UU water works -'
bonds, and for other matters coming before the Council.
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~v550,000 after due consideration, on ruotion of Councilman
0. P. Joraari, Jr., seconded by Councilman Hovaard rt, Imbodert'
and unanimously passed, the f'ollovring resolution was
adopted:
tt~,bULU- BB iT tt,SOi,V.h~D by the Council of the Town of Yulask2~,
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Virginia, that the Treasurer of said `T'own, be and he hereby
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'1'tt~x~utty is directed to invest Five riundred Fifty Thousand llollars
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C«TL~ (~55u,000) in United St~.tes '7%ts percent Treasury Certificates
OF ~-- of indebtedness due Lecember 1 1U~6
ily ~BFs1 BD- > > ~ ~aaQ, E~Q.a04` o f this , ,
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amount to be drawn from the 'u-ater Fund and ~y50,000.0U from ;;
the General Funds of the town.. ';
~y1Y,000.UU BB IT ~`UttTHBFt ttBSOLVED that he b~ and hereby is
1-3/4
Sr,ttl~~ directed to sell ~l0,UU0.U0 1-3/~ pencent U. S. Government
G BUiuDa
1948 bonds at market price, and buy Fourteen Thousand Dolla#1s
i
(~-1~,000.UU) Series u. Bonds maturing June 1, 1958, to be ¢i
designated as a "Sinking Fund for netiring Street Improvement
Bonds;' and
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rUlyL THAI the Sinking fund account be set up separs.tely,
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l~urituV~ and any income accruing from the funds of this account be
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t~UiVi~S credited to said binning rand account, until such time as ~~
a sufficient amount will have accu~udted to be invested. ~~
lcont'd)
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Council Minutes contd. Pu..Luski, va., may 31, 1946
BB 1T r` unTrl~i~ xESOLVkll that the Tres.surer of the
Town of Pulaski be and he hereby is instructed to sign
any and all papers necessary in carrying out the instructions
contained in this resolution.
xUJ0U1rtN There being no further business, the Council
Mrt3T
adjourned at 3:00 o'clock ~'. M.
approved:
ay
bL~---~ /1 ,u-e--~-~-
Clerk of Council
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