HomeMy WebLinkAboutMINUTES Town Board 1940-09-05t of Coto Park, , 19 40
Larimer County, Colorado, Sept. 5
Minutes of a .meeting of the Board of Trustees of the Town of Estes Park, Lorimer
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Couni-y, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the 5
day of. September A. D. l9,40 ai regular meeting hour,
Meeting called to order by Mayor. C ,,N, Rockwell
Present: Mayor C.N. Rockwell Trustees: Guy W. Albright,
G.E. Casey, R.H. Lindley, Glen H. Preston,
George H. Watson. Also Attorney Hatfield Chilson,
Absent: Ronald C. Brodie.
This meeting called for the purpose of considering bids
by auction, for the sale of proposed Town of istes Park
Water Extension Bonds, to be immediately refunded, in
in the amount of $ 75,000.
Elevtn Denver bondIng houses were represented at this
meeting. Mayor Rockwell called for the bids, and when the
bidding ended and all bids were in, trustee Lindley moved
and trustee Casey seconded the motion that the following
bid and agreement be accepted by the Town.
'Honorable Mayor and Town Council
Estes Park, Colorado
Gentlemen:
For your $75,000. legally issued and executed 2 3/4% re-
funding bonds, with full numbers of coupons attached,
to be dated October 1, 1940, and to be due serially
$2500. on October ist in each of the years 1942 to 1959
inclusive, and $5000. on October 1st in each of the years
1960 to 1965, inclusive, both principal and semi-annual
interest payable at the Office of the Town Treasurer,
Estes Park, Colorado, or at The First National Bank of
Denver in Denver, Colorado, at the option of the holder
we will upon delivery to us of said bonds in Denver,
Colorado, free of exchange and collection charges, pay
you $ 970. for each $ 1,000 of bonds issued and, in
addition, we will pay you accrued interest from the date
of the bonds until the date of their delivery to us in
Denver.
Under the direction of our attorneys you agree
to adopt such proceedings and take such steps as our attorneys
may direct in order that said bonds may be issued., first,
as water extension bonds and, then, immediately be re-
funded into bonds maturing as above.
We agree to furnish the legal proceedings in
typewritten form, ready for adoption, necessary in the
opinion of our attorneys to properly and legally authorize
these bonds, and you agree to adopt such proceedings in
order that said bonds may be authorized, issued, and
delivered to us without undue or unnecessary delay.
W, also, agree to furnish the blank bonds ready
for signature and the opinion of our attorneys, it being the
understanding that the only expenses to be borne by the
Town are to be for the publication. of the ordinances or
ordinance authorizing these bonds.
We agree to pay for said bonds when delivered
and approved by our attorneys. This bid was made for
immediate acceptance only.
Respectfully submitted,
Oswald F. Benwell, Brown,Schlessman, Owen & Co.;
Sullivan & Co.; The J.K. Mullen Investment Co.; Donald
F. Brown & Co.; "
Upon roll call the above motion was carried by the following
vote; Yes, trustees, Albright, Casey, Lindley, Preston &
Watson.
Caton of eoteo Park, Larimer County, Colorado,.
Minutes of a meeting of the Board of Trustees of the Town of Estes Park, Larimer
County, Colorado. Meeting held in the Town Hall in said Town of Estes Park on the
day of.. A. D. 19 at regular meeting hour.
Meeting called to order by Mayor.
Present: Mayor Trustees:
There being no further business to come before the meeting
it was regularly moved, seconded, and carried that the
meeting adjorm.
Mayor
Attest:
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