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<br />::?BGULA:'? rii~8TnTG SEPTEMBER 29, 195~. <br /> <br />35 <br /> <br />On the 29t~ day of September, 1954, A. D., the city Council of the <br />city of San Marcos met in a regular meeting at 2:00 P. M. at the City Hall <br />in San l\flarcos, Texas, v1i th the fcllovling members :sJresent and participating: <br /> <br />Frank E. Dietterich, Mayor <br />Ca1vin jvI. Allen, Alderman <br />Frank D. Hill, Jr., Aldorman <br />Coy De Viney, Alderman <br />S. R. Beecroft, Alderman <br />Harold G. Smith, Alderman <br /> <br />I <br /> <br />Others present: W. G. B2.rbee, 'Terry L. Jacks" Henry Kyle, :8rnest <br />;Vlorgan, John Srnith, Joe Hutchison <br /> <br />A quorum being present, the meeting was called to order by mayor <br />Dietteri.ch and the following transyired: <br /> <br />If.r. G. A. Small of Russ and Co., San Antonj.o, Texas opened the bids <br />on buying the 'jlOO, ,)00.00 Park Improve"l1ent Bonds. They were as follows: <br /> <br />Shaarson, Hammill & Co. <br />Dallas, Texas <br /> <br />Optional Hands - Bonds Tlaturing <br />rt " <br /> <br />1955 - 1972 <br />1973 - 1979 <br /> <br />2t% interest <br />2 31Lr% interest <br /> <br />Total Interest Cost <br />Cash Premium <br />Net Interest Cost <br />Interest Rate <br /> <br />- 1$38,000.00 <br />25.00 <br />. $ 37,975.00 <br />2. 631[,7?s <br /> <br />Non~-Optiona1 Bonds - Bonds maturing - 1955-1972 2 1/2% <br />1973-1979 2 3/4 % <br /> <br />I <br /> <br />Total Interest ~ost 03B,000.00 <br />Cash Premium 100.00 <br />Net Interest Cost 037,900.00 <br />Interest Rate 2.62[,[1-7'10 <br /> <br />First of Texa~ Corporation <br /> <br />Optional Bonds - Maturing 1955 - 1966 <br />1967 - 1971 <br />1972 - 1979 <br /> <br />Total Interest Cost <br />Cash PremiU!l1 <br />Interest Cost <br />Interest Rate <br /> <br />~i;36, 8J.0. 00 <br />28.00 <br />~i;f,6:!/7B2.00 <br />2.5+9io <br /> <br />Ranson-Davidson Co., Inc. <br />San Antonio, Texas <br /> <br />Optional Bonds - Maturing 19)5 - 1965 <br />1966 - 1976 <br />1977 - 1979 <br /> <br />Total Interest Cost 035,800;00 <br />Net Interest Cost. ii3.5,800.00 <br />Interest date 2.4609% <br /> <br />I <br /> <br />Dittmar & Co. <br />Columbian Secunities <br />San Antonio, Texas <br /> <br />Total Interest cost <br />Net Interest Cost <br />Interest Rate 2.72311+ <br /> <br />1955 - 1970 <br />1971 - 1976 <br />1977 - 1979 <br />" 39,295.00 <br />n 39,295.00 <br /> <br />Optional Bonds - T:laturing <br /> <br />Non~. Opj:iionB.1 Bonds - Maturing 195.5 - 1970 <br />1971 - wt6 <br />1977 - 1979 <br /> <br />Total Interest Cost ~!;39, 295.00 <br />Net Interest Cost $39,295.00 <br />Interest Rate ?72314% <br /> <br />2 % <br />2 1/2% <br />2 3/4% <br /> <br />Ii <br /> <br />2'" <br />;, <br />2 1/2;\\ <br />2 3/L~1o <br /> <br />2 1/210 <br />2 ;Yl~}~ <br />3 /' <br /> <br />2 11 zf, <br />2 3/4% <br />a% <br />