06151955 Regular Meeting - Laserfiche WebLink

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.3:2 ./1 San Antonio, Texas June 15, 195.2. TO: THE HONORABLE Mayor and Council San Marcos , TEXAS J Gentlemen: We understand that your ci ty expects to call an election in the near future covering ~to,SO.OOO.OO , more or less, of Street Bonds. In this connection we wish to make you the following proposal: We will pay the fees of <Ii bson. 3pence & Gibson , Attorneys of Austin , Texas , which firm is to be employed by your city to furnish all legal papers and to direct all legal proceedings in- cident to calling the election on said Bonds and authorizing the issuance of said Bonds if they are successfully voted. We agree also to furnish you at the proper time with the printed bond forme for signatures of the proper Officiale, and will look after securing the approval of the bonde in the Attorney General'e Department, Austin, Texas and the registration of said bonds in the Comptroller's Department, Austin, Texas. Further we will counsel with you and adviee you in eetting up said bond issue in Buch manner as to realize the lowest interest ratee available in the market Our services in this connection will include all usual expenses as out- lined above but will not include certain costs of holding the election, i.e., the fees for elsction Judges and Clerka, or for the publication of the election notices. We will pay for the election supplies. Under this agreement it is understood that ws will --= pay the costs of a market attorney's approving opinion. J $7.00 For our services in thi!1 connection, you agree to pay us a caeh fee of per $1,000.00 Bonds authorized. In the event the election should fail to carry, we are to be paid a cash fee of None to cover our expenses incurred u-p to that -point. It is e~pressly understood that nothing in this agreement will in any way bind your Cl ty to sell this issue of Bonds to us if they are ap- proved by the voters. It is further understood, however, that nothing in this agreement will preclude us from buying these Bonds (or part of them) when they are sold. Respectfully submitted, RUSS ,& COMP~ . ,/(/- ,( ~y~?\- ~ . <- (/ / . Qt(orized ~t j L/ () < The above proposal of RUss & Company, San Antonio, Texas, is hereby approved and aocepted this the 1 Sth . day of June , 1955, by the order of the at ty r.01mcil - San Marcos , Texas. , ATTEST: '1. r r--~. ./ SEAL cW~