11-08-1989 Called MeetingNovember 8, 1989
A called meeting of the Downtown Smyrna Development Authority was held at
Smyrna City Hall on November 8, 1989.
Those attending the meeting were:
A. Max Bacon, Chairman
Hubert Black
E. Alton Curtis
C. J. Fouts
Jim Pitts
Jimmy Wilson
Charles "Pete" Wood
Absent:
Willouise C. Spivey, Secretary/Treasurer
Authority consultants that attended were Charles Camp, Attorney and Ed
Wall, Bond Underwriter.
The Authority unanimously adopted the Supplemental Bond Resolution setting
forth certain terms and conditions on the Authority's $6,430,000 Series
1989 Bonds. Motion was made by Mr. Wood and seconded by Mr. Fouts.
The Authority had a presentation from Ed Wall concerning the interest
rates Lex Jolley & Co., Inc. was able to obtain for the Authority.
Everyone was very complimentary on a job well done.
By motion of Mr. Wood and seconded by Mr. Wilson, the Authority
unanimously adopted the Bond Purchase Agreement selling the Series 1989
Bonds to Lex Jolley & Co., Inc.
There being no further business, the meeting of the Authority was
adjourned.