1966-08-03 CITY COUNCIL SPECIAL MEETING MINUTES84
MINUTES OF A SPECIAL MEETING OF THE CITY COUNCIL OF THE
CITY OF PEARLAND, TEXAS, HELDI ON AUGUST 3, 1966 AT 7:30 P. M.
A special meeting of the ~ity Council was called to order in the City
Hall by Mayor Hawkins with the following present:
Mayor
Councilman
Councilman
Councilman
City Secretary
Lloyd C. Hawkins
E'. A. Wasek
Joe Dan Calvin
Basil L. Cogbill
W. A. McClellan
Absent:
Councilman
Councilman
Aubrey Ellis
Victor A. Nolen
Visitor: Jack B. Idoux - Pearland State Bank.
Mayor Hawkins stated that the purpose of the meeting was to hear a report
from the Secretary regarding investment of bond funds and to decide
where funds should be invested as well as any other business that might
be brought before the Council.
Secretary reported the following interest bids:
ALVIN STATE BANK - $400,000.00 C. D. for 6 months
100,000.00 C. D. for 3 months
.75%
FIRST NATIONAL
BANK OF ALVIN
400,000.00
100,000.00
C. D. for 6 nmonths
C. D. for 3 months
HOUSTON BANK AND
TRUST COMPANY
BANK OF THE
SOUTHWEST
400,000.00 C. D. for 6 months 5.25%
100,00.0.00 C. D. for 3 months
,4'06,000.00
100,000.00
C. D. for 6 months 5.25%
C. D. for 3 months
HARRISBURG NATI 0NAL
BANK NO BID
PEARLAND STATE
BANK
400,000.00
100,000.0O
C. D. for 6 months
C. D. for 3 months
5.25%
4.75%
Following due discussion a motion was made by Councilman Wasek, seconded
by Councilman Calvin that the Secretary be instructed to invest _the
bond funds with the Pearland State Bank. ~EREUPON, the question was
asked and the motion carried, all Councilmen present voted "aye" with
no "noes ."
A motion was made by Councilman Calvin, seconded by Councilman Wasek
that the Secretary be instructed to advertise in the Houston Post for
a full time experienced maintainer operator -.no age limit - salary
open. WHEREUPON, the question was asked and the motion carried,
all Councilmen present voted "aye" with no "noes."
A!motion was made by Councilman Calvin, seconded.by Councilman Cogbill
that the meeting adjourn. WHEREUPON, the question was asked and the
motion carried, all Councilmen present voted , y with no s.
Meeting adjourned at 9:00 P.M. .,--:' -.~
Minutes approved as read and/or corrected thi~ th~U day of
Attest : -
City Secretary
Mayor