SPECIAL MEETING
June 1, 1960
A special meeting of City Council was held Wednesday, June 1, 1960 at 7:30 P.M. with Mayor Haman presiding. Councilmen present were Messrs Davis, Hayes, Holpp, Thompson, Turner and Zartman.
MINUTES
Minutes of the meeting of May 23, 1960 were accepted as read and bore the written approval of Mayor Haman.
BUSINESS IN RESIDENTIAL SECTION
Mr. & Mrs. J. Denney Coudright requested permission to lease the premises at 304 N. Bradford, a former grocery store in a residential section, to J. Ellis Clifton to operate as a barber shop. The request was duly advertised for hearing on this date. A petition has been received from all property owners in the block approving the request. No objections were received. On motion of Mr. Zartman, seconded by Mr. Hayes, Council approved use of the premises of 304 N. Bradford Street for operation of a barber shop.
TRUSTEE RESOLUTION
City Council considered the following resolution.
A RESOLUTION APPOINTING THE TRUSTEE UNDER THE RESOLUTION AUTHORIZED AND SECURING ELECTRIC REVENUE BONDS OF THE CITY OF DOVER, ADOPTED MAY 9, 1960.
WHEREAS, on May 9, 1960, the Council of The City of Dover, Delaware, duly passed and adopted a Resolution authorizing and securing Electric Revenue Bonds of the City, and in Section 901 of said Resolution it is provided that prior to the issuance of any bonds thereunder the City Council shall adopt a resolution appointing as Trustee a bank or trust company authorized by law to exercise corporate trust powers and subject to examination by federal or state authority, of good standing, and having a combined capital and surplus aggregating not less than Four Million Dollars ($4,000,000); and
WHEREAS, the Delaware Trust Company, a trust company duly organized and doing business under the laws of the State of Delaware, has the qualifications prescribed for the Trustee in said Resolution and has agreed to accept the duties, obligations and trusts imposed upon the Trustee by said resolution; now, therefore,
BE IT RESOLVED by the Council of The City of Dover, Delaware;
Section 1. That Delaware Trust Company, having its principal office in the City of Wilmington, State of Delaware, be and it is hereby appointed as Trustee under said Resolution adopted on May 9, 1960.
Section 2. That this Resolution shall take effect immediately upon its passage and approval by the Mayor.
On motion of Mr. Zartman, seconded by Mr. Davis, that the above resolution be adopted, the following Councilmen voted ‘Yes’ on roll call, Councilmen Davis, Hayes, Holpp, Thompson, Turner and Zartman. Councilmen Carroll and Fromm were absent. The required number of votes in favor of passage having been received, Mayor Haman declared the Resolution adopted.
OFFICIAL STATEMENT RESOLUTION
City Council considered the following Resolution.
A RESOLUTION CONCERNING THE PRELIMINARY OFFICIAL STATEMENT IN CONNECTION WITH $9,000,000 ELECTRIC REVENUE BINDS (SERIES A).
WHEREAS, Harriman, Ripley & Co., Incorporated and Alex. Brown & Sons have presented to the Council of The City of Dover (hereinafter sometimes called the “City Council”) a Preliminary Official Statement in connection with the sale of $9,000,000 Electric Revenue Bonds (Series A) of The City of Dover, date June 1, 1960, and the City Council has reviewed the same and has found it to be in satisfactory form, subject only to possible minor changes, insertions and omissions; now, therefore,
BE IT RESOLVED by the Council of The City of Dover, Delaware:
Section 1. That Harriman, Ripley & Co., Incorporated and Alex. Brown & Sons be and they are hereby authorized to furnish copies of said Preliminary Official Statement to prospective underwriters of said bonds.
Section 2. That this Resolution shall take effect immediately upon its passage and approval by the Mayor.
On motion of Mr. Davis, seconded by Mr. Turner, that the above Resolution be adopted, the following Councilmen voted ‘Yes’ on roll call, Councilmen Davis, Hayes, Holpp, Thompson, Turner and Zartman. Councilmen Carroll and Fromm were absent. The required number of votes in favor of passage having been received, Mayor Haman declared the Resolution adopted.
DEPOSITORY RESOLUTION
Council considered the following resolution.
A RESOLUTION DESIGNATING DEPOSITARIES UNDER THE PROVISIONS OF A RESOLUTION AUTHORIZING AND SECURING ELECTRIC REVENUE BONDS, ADOPTED MAY 9, 1960.
BE IT RESOLVED by the Council of The City of Dover, Delaware:
Section 1. That the following banks and trust companies, each of which is duly authorized by law to engage in the banking business, are hereby selected and designated as Depositaries of the following accounts and funds created under the provisions of the Resolution authorizing and securing Electric Revenue Bonds of the City, adopted on May 9, 1960:
Delaware Trust Company
as Depositary of the special checking account mentioned
in paragraph (1) of Section 208 of said Resolution.
Delaware Trust Company
as Depositary of moneys held for the credit of the City of
Dover Electric System Revenue Fund, a special fund created
under the provisions of Section 503 of said Resolution.
Delaware Trust Company
as Depositary of moneys held for the credit of the City of
Dover Electric System Revenue Fund, a special fund created
under the provisions of Section 507 of said Resolution.
Delaware Trust Company
as Depositary of the special checking account mentioned
in Section 406 of said Resolution.
Section 2. That this Resolution shall take effect immediately upon its passage and approval by the Mayor.
On motion of Mr. Turner, seconded by Mr. Thompson, that the above Resolution be adopted, the following Councilmen voted ‘Yes’ on roll call, Councilmen Davis, Hayes, Holpp, Thompson, Turner and Zartman. Councilmen Carroll and Fromm were absent. The required number of votes in favor of passage having been received, Mayor Haman declared the Resolution adopted.
AUDITORS
City Manager Ward reported that the Bond Resolution adopted on May 9, 1960 authorized him to appoint qualified auditors, subject to approval of the Trustee. He stated his belief that William Manter, CPA, who has been performing City audits was qualified. Mr. Thompson suggested that auditing requirements of the City be distributed among all local certified public accountants.
ENGINEERING CONSULTANTS
A letter from W. C. Gilman & Company stated that they would agree to perform all of the duties required of the Engineering Consultants by the Bond Resolution of May 9, 1960 for a fee of $6,000 per year, with them assuming travel and other expenses. They suggested that the agreement operate from fiscal year to fiscal year, July 1 to June 30, and that payment be made either quarterly or monthly. On motion of Mr. Zartman, seconded by Mr. Hayes, Council authorized employment of W. C. Gilman & Company to perform the duties of Engineering Consultants under the provisions of the Bond Resolution of May 9, 1960, at a total fee of $ 6,000 per year for the fiscal year beginning July 1, 1960.
MOSQUITO CONTROL
A letter from Charles D. Murphy, Superintendent, Mosquito Control Division, State Highway Department, requested permission to spray low areas of the City form the air for mosquito control. On motion of Mr. Thompson, seconded by Mr. Davis, Council approved the request.
Council adjourned at 9:10 P.M.
F. P. Neylan
City Clerk
All ordinances, resolutions and orders adopted by City Council at its meeting of June 1, 1960 are hereby approved.
June 3, 1960 W. Edward Haman
Mayor