Minutes-12/21/1965

Minutes of Special Meeting, December 21, 1965, for the purpose of issuing sewer revenue bonds, Tiffin, Iowa Present: Wayne Stratton, Bill Verry, Bill Bream, Glenn Potter Absent: Ted Spivey Meeting was called to order by Mayor O'Toole. The Council investigated and found that notice of the proposed action of the Town Council for the issuance of $98,000 Sewer Revenue Bonds for the purpose of refunding a like aggregate amount of presently outstanding temporary revenue obligations of said Town, had been published on the 4th day of December, 1965, according to law, and as directed by the Council, in the IOWA CITY PRESS-CITIZEN, a legal newspaper printed wholly in the English language, published in the city of Iowa City, Iowa, and of general circulation in the Town of Tiffin, Iowa, and that no petition setting forth objections to said proposed action has been filed in the office of the Town Clerk, and that the issuance of said bonds in the aggregate amount as published may now be authorized by the Town Council. Councilman Verry introduced an ordinance entitled: "Ordinance No. 58 An ordinance providing for the issuance of $98,000 Sewer Revenue Bonds of the Town of Tiffin, Iowa, for the purpose of refunding a like aggregate amount of presently outstanding temporary sewer revenue obligations of said Town, prescribing the form of said proposed bonds and providing for safeguarding, protecting and paying said bonds". It was moved by Councilman Stratton and seconded by Councilman Potter that the ordinance entitled: "Ordinance No. 58. An ordinance providing for the issuance of $98,000 Sewer Revenue Bonds of the Town of Tiffin, Iowa, for the purpose of refunding a like aggregate amount of presently outstanding temporary sewer revenue obligations of said Town, prescribing the form of said proposed bonds and providing for safeguarding, protecting and paying said bonds", be now read by the Town Clerk. The Mayor put the question on the motion, and the roll being called, the following named Councilmen voted: Ayes: Stratton, Bream, Verry, Potter Nays: None Whereupon, the Mayor declared the motion duly carried and said ordinance was read by the Town Clerk and duly considered by the Council. It was moved by Councilman Bream and seconded by Councilman Verry that the rule requiring said ordinance to be read on three different days be dispensed with. The Mayor put the question on the motion, and the roll being called, the following named Councilmen voted: Ayes: Potter, Stratton, Verry, Bream Nays: None Whereupon, the Mayor declared the motion duly carried. It was moved by Councilman Potter and seconded by Councilman Stratton that the ordinance entitled: "Ordinance No. 58. An ordinance providing for the issuance of $98,000 Sewer Revenue Bonds of the Town of Tiffin, Iowa, for the purpose of refunding a like aggregate amount of presently outstanding temporary sewer revenue obligations of said Town, prescribing the form of said proposed bonds and providing for safeguarding, protecting and paying said bonds" be now put upon its final passage and adoption. The Mayor put the question on the final passage and adoption of said ordinance, and the roll being called, the following named Councilmen voted: Ayes: Stratton, Potter, Bream, Verry Nays: None. Whereupon, the Mayor declared said ordinance duly adopted and signed his approval to said ordinance.