HomeMy WebLinkAbout06-29-39~~ 7~5
Council :Minutes
Pula.s_~i, vir;inia,
June ~9, 199.
The Council of the To~lrn of P'_zl~.s~~i , fir=rinia Diet in
special session ~:t the regular .neeti:.7g p1~:ce in su.id T'o~~ti~n, at,
Seven o'clock P. ..i. Themeetint ;~_s c~Alled to order and `
there ~rere present: E. ~~"~. C~lfee, :L~~;,ror, in the Chair, and
the fo11oti1ing na.aed Council_nen: Thos. J. ,~G11nF-~r, F. E..
Sep=g1e, A. i'. Eskridge, J. E. Bunts, T. L. Ju..ies, G. C. Rall,;F
L. E. 1~~hitesell, ~.nd k. ~. Bushong. ~~
hbsent, iJone.
Councii~nan A. i'. Eskridge intro:iuced and caused to
be read a resolution entitled:
~..,,
~ r~RESOLUTIUN providing for the issu-
~ ante of x;40,000 L','uter~,~~To_ks Refunding
Bonds of theioGvn of Pul~_ ki, PuIC ski
County, Virginia , and Ur~widing for
the levy of a ta.x to ps..,,- the same. rr
Council.nan Thos. J. 4allner ~aoved that s~.id reso-
lution lie over for three days before f ir~ul adoption, ~:s
reKuired by Ia~-~~, ~~rhic'1 d~~as seconued _y Councilman T. L.
Janes.
After due consideration, the .~~yor put the question, A
and the roll being called on the ::~otlo~i, the f'ollo~~ing voted: g
byes: Thos. J. y'ti,allner, F . t_. 5e~.`le, ~. T.:~skridge,
J. E. Bunts, T. L. ~a:nes, G. C. R~.11, L. E. ~~~h:Ltesell
and
,
A . ::i . Bushong .
Nays, None.
~~ehereupon the .:Iayor declared said :.lotion duly carried
It appearing to the Council t_z~.t tie ori~inul ~rrateryro~ks
«~
@'
bonds to be ref'unued vrill be due and °~a.yable on July lst, 19~i,
and that tl~e refunding bonds proposed to re issued by t:ieio~an .
to take care of sz.id origin~:l iss~ae ,k i_Lt not be re4dy for
delivery for so~ie four to six creels thereUfter, the Council
on motion of A. T.Eskridge and seconced by T. J. `+?Gllner,
unanimously approved ana authorized the -+iayor of theTown to ~'
borro~~r :Honey fro.n the local banks to pay off tale on in;~l
l;onds ~_s they come in, in such a.:iount:; as auy be necessGry
~,
in order th:~t the Too~,:l .guy, have available funds to take c~;.re
,
w,
of the original bonds as they Gre presented for payment, and }
76
Council ~inuts Cont.
Pulas~~i, Va., June ~:9, 19~ 9
to execute de.nand notes on behalf of the To~.wn for such borrowed
:Honey in order that interest r~a~T be p~.id on the borro~<<ved :Honey
only until the .nonEy is available frog the refunding bonds to
take up such note or notes.
On motion and vote the :neetin~ adjourned to July Ord,
199, at which time the ,iuestion of t~_e final adoption of the
aforesaid resolution caill be considerEd.
dayor
Attest:
Toyvn Clerk.
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