HomeMy WebLinkAbout1944-03-22-1000AM-Special.. -SFECLLL__TERMMarch:22,..194~
,]
'.: ,." OOUNT¥ 0F BRAZOS I On this ~he 22nd day of March, 19~4, the Commissioners Court if
· :· :-Brazos County,Texas, convened in regular session at a Special Term thereof at'the regular
?,: meeting place in the Courthouse at Bryan, Texas, with the following members of the ,~'
; ~ Court present, to-wit:
A. S. Ware, County Judge,
Norton R. Burkhalter, Commissioner Precinct No. 1,
~. A. Ryohlik, Commissioner ~re~inot No. 2, .-
D. O. Cunnin~ham Commissioner Precinct No. 3, .'
Ro~ Oanforth Comaissioner Precinct No.
and A. B. Syptak, County Clerk, and the following proceedings, among others,
5':~'Cwere had, to wit:
, , T~e County Judge laid before the Court the following written proposal for' the
refunding of $62,000.00 in outstanding Road a~d Bridge Refunding Bonds, now bearing'
'~ per cent in~ereett .,,
San Antonio, Texas
~ ~ March 20, 1944,
,": To the Honorable County Judge and
Commissioners Court of Brazos County,
Bryan, Texas
Your records indicate that you have the following bonds outstanding which are
IsubJeot to redemption in accordance with the privilege conferred upon you by Article
.... 720, Revised Civil Statutes of Texas, 1925;
· ~ $62,000 Brezos County 5~% Road and Bridge Refunding Bonds,
~Jd ~ - dated ~/15/29, due April 15th, 194~ to 1961, inclusive.
· In this connection, we make you the following proposal:
That you are to duly and legally call the above described bonds for payment on,
the earliest date possible, preferably May 1, 1944, and that you are to provide at
~'~,'~ t~e place of payment accrued interest on said outstanding bonds from the last interest
"~J' paymsnt date to the date fixed for redemption.
We agree to provide et the place of payment s~ffiolent funds with which to take up
Jo,l god pay for the called bonds at their face value, and will hold said called bonds
"~'pending their exchange for new Refunding Bonds, to be dated es of the date fixed
· for redemption of the called bonds, in denominations of ~1,000 each, the new Refunding
Bonds to mature serially from 19~ to 19~4, inclusive, in accordance with the schedule
below, with option of redemption on or after eight (8) years from their/date, the bonds
to bear interest at the rate of 2% per annum, payable semi-annually, .both principal and
interest to be payable at the First National Bank, Bryan, Texas.
'~ 1945 8_6,oo0.oo 1950' $ 6,0oo.0o
1946 6,000.00 19~1 b~o00.00
-',.' ,,. 1947 lO00.oolll i952 5,000.00
.:,,"~... ,. 19~e ~ ,
~ 19~3. 6,000.00
~L'~."'~.'"'."'.'1949' :''...-----~. 195& ~,000.00
~'~.. ~o~'sr~'to e~l~y e mutually satisfactory firm of attorneys for the purpose of pre-
":' ,":' ~ring 'th& proceedings an~ approving.the refunding bonds, and we agree to reimburse the
County' fbr' the fees 10f said ~ttorneys'." Wa will also furnish the prl~ttd bond forms
:'e~d pay~all':other~e~enses,$f 'th'e ~refunding; including the~publicatlon of the Notice
of"Oa il i ,' ..... " . ',. :, '
.-~ For' and ,ln'consideration"of~our :service9 in- ~hisl,co~n~otion and expenses incurred
by us, you ag~;ee to pa~, us a fee et the rate of 1~ of the ~ar value of the actual
'
..',l.,-- .::., ,,_ .,.,. , .. ,,, ,, .,:- .,,.',. 'l " * ' ' · . . '
: :?}r}'~ ,~ troller and 4ellvered to.you.
~ ~.,~ t~ ResPe°tf'llY ,ub~t~ed,
C '~L D~f~, ROB~T$ON ~ PA~O~T
~, Br ~. T. $1kes, Authorlz~
~ '~ ~ Upon motion duly seconded a~.~an~ous~ adopted, It wes voted to, accept the fore-
:";f{'~] 8o~g proposal and ~o eu~horize the Cowry ~udge to enter into formal contract w~th
~', ~ ~ concern for the ref~dl~ of the $aid bond$~ to bent interest e~ the rate of 2 per
~'- ~ per
by O~tssio~r Cu~ingam, hereupon~ the question ~lng called for, Se
~ J ~h*t ~e Co~t~ ~reasuror be, and he ts hereb~ authorized ~nd directed to
u.~ ~ In ~iti~ to the O~ranty ~ Compa~, New York, New Yor~, and the State
'[-~' here~fter described outs~andi~ ~s are called for ~nt on the let day of
~r,,,: ~ Transfer, Austin, ?exes, at the option of the holder; and said Oo~ty Treas~er ~all
cause such not~oe to be published ~n ~Ths ~ond Buyer,' 8 f~n~no~al Jo~l published ~n
~ llshed in ~e ~tate of Texas, one t~ at least ghirty (~0} days pr~or to the da~e fixed
~.?,,,
: for the rede~ption of said bo~u; a~ all bo~s hereby called for redemption which are not
presented on said date shall cease to beer interest fr~ end after the date ac fixed fo~
~ their redemption. Said notice shall describe, the follo~vln~ outstandl~ bo~s~
$~,000.00 Brazo~ Cowry Road end Bridge Befundi~ Bond~, Series
:.. ~ ~ dated April l~, 1929. N~bers 2~ to 86, inclusive. In denotation of
$1,000.00 each, beari~ interest et the ra~e of Five and one-half
"~ {~-l/~) per eentum per e~; and ~t~lng on April l~th. $~,000.00 In
),', each of the years 19~ to 1950, incisive; and ~,000.~ in each of
years 19~1 to 1961, incisive; being part oF e total issue In the
original emo~t of
{ :,' P~AED, ~O~ED ~ A~O~D ~is the 22nd day o~ ~aroh,
/ ~: ] ~e BO~ Burr off New York 0ity, s~ otherwise tra~mitted ~o the proper officials
] ~ [ and holders of said bo~sj ,
Sp_e._o_i. al Ter_=~__N~T__o~. 22,
NOTICE OF CALL
THE STATE OF TEXAS!
COUNTY OF BRAZOS ~ NOTICE IS HEREBY GIVEN to the holder or holders of bonds of
Brazes County,Texas, that Brazes County has exercised the option'granted ~y Article 720,
R~vised CivLl Statutes of Texas, 1925, to redeem the following described outstanding bonds:
$65,000.00 BRAZES COUNTY ROAD ~J~D BRIDGE I~EFUNDIN~ BONDS, SERIES 1929, dated
April ,15, 1929, Numbers 22 to 56, inclusive, in denomination of $1,000.00 each, bearing
interest et the rate of Five and one-half. (5-1/2%) per centum per annum; end maturing on
April 15th, $3,000.0~ '~n each of the years 19&~ to 1950, inclusive; amd $~,000,.00 in each
of the years 1951 to 1~$1, inclusive; being-:pert of s total issue in the o'rigtnal amount
of $86,000.001
'" All of the abo~e described outstanding bonds are celled for payment on tho let day of
May, 19~, at Guaranty Trust Comps'ny, 'New York, New York, or at the Office' of' the State.
Treasurer, Austin, Texas, at tho option of the holder. Any of said bonds n~t presented for
payment on sei~ date shall cease to bear {nterest from end after the date fixed for their
~ -GIVEN BY ORDER of the. Commissioners Court of Brazes County, Texas, this the 22nd day
Whereupon the Court ad ourned..j ',, ; ~, ;,,.' :~ ', , '/ ' ' ' ~