1.                  The Cashion School Board met in Special Session on February 9, 2010, President Barry called the meeting to order at 12:02 p.m.

2.                  Members present:   Barry, Andrews and Robinson. Broadbent arrived at 12:07 p.m. Members absent: Kadavy. Quorum established.  Also attending: Marva Oard, Superintendent and Stephanie White, Minutes Clerk.

3.         A motion to appoint Anita Robinson as Deputy Clerk for the School District for the purpose of executing any and all documents pertaining to the bond sale was made by Andrews and seconded by Barry.  Motion passed 3-0. Broadbent arrived at 12:07 p.m.

4.         A motion to accept the low bid of F&M Bank & Baker Group at an interest rate of 1.942857% on the sale of the $380,000 Combined Purpose Building Bonds, dated: April 1, 2010 was made by Andrews and seconded by Broadbent.  Motion passed 4-0.

5.         A motion to approve authorizing the issuance of the $380,000 Combined Purpose Building Bonds, dated: April 1, 2010, and fixing other details for the issuance of said bonds was made by Robinson and seconded by Broadbent.  Motion passed 4-0.

6.         A motion to approve designating $380,000 Combined

Purpose Building Bonds, dated: April 1, 2010, as “Qualified Tax-Exempt” obligations as defined in Section 265(b)(3)(B) of the Internal Revenue Service Code was made by Broadbent and seconded by Andrews.  Motion passed 4-0.

7.       A motion to adjourn was made by Andrews and seconded by Broadbent at 12:19 p.m.  Motion passed 4-0.

 

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President

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Vice President

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Clerk

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Member

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Member