Laserfiche WebLink
<br />TUESDAY <br /> <br />AUGUST 29, 1957 <br /> <br />A special and duly-called meeting of Martinsville City Council, first scheduled <br /> <br />for Friday, August 30, 1957, at 9 :00 A.M. in the Council Chamber, City Hall, was <br /> <br />held by unanimous consent of all members on Thursday, AUGust 29, 1957, at 4 :30 <br /> <br />P.M. in the Council Chcunber, City Hall, for the pur~)ose of considering the <br /> <br />aC:luisition of property owned by Mr. and Mrs. E. A. Sale, 'which property is <br /> <br />located at the southeast corner of Church and Moss Streets here in <br /> <br />Martinsville. Present were Mayor and Councilrnan John Vf. Shultz, presiding; <br /> <br />Vice-Mayor ani Counci1man E. E. Stone; and Councilmen B. H. Hill and J. R. Walker. <br /> <br />Councilman ClareIX:e C. Donavant was absent because of another engaf:ement. <br /> <br />City Manager Hirst reported that as a result of negotiations between Councilman <br /> <br />Donavant, on behalf of the City, and the property avmers a proposal has been <br /> <br />made by the owners for the s2.le of the property to the City, as follows: <br /> <br />Purchase Price <br /> <br />. . . . . . . $39,825.00 <br /> <br />Down payment .. . . . . . . . . . . <br />Payment upon deed delivery . . . . . <br />Installment payments per year . . <br />for each of five years @ 4.75% <br />annual interest on unpaid balance, <br />witho'lt rif;ht of anticipation. <br /> <br />~~ 1,000.00 <br />3,825.00 <br />7,000.00 <br /> <br />Councilman Donavant sent ....lOrd that he favors acceptance by the City of the <br /> <br />proposal. Upon motion, duly seconded, Council IlBmbers present unanimously and <br /> <br />by a recorded vote accepted the proposal and authorized City Manager Hirst to <br /> <br />execute necessary docmnents prepared by City Attorney Stone. <br /> <br />Council was adjourned. <br /> <br /> <br />"~-~~..':~ <br />n, Clerk of Council <br />\ <br /> <br />\ <br />\ <br />...~-.J <br />