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Cashion Board of Education Minutes of the Special Meeting February 18, 2011
1. The Cashion School Board met in Special Session on February 18, 2011, President Andrews called the meeting to order at 12:03 p.m.
2. Members present: Andrews, Broadbent and Kadavy. Members absent: Robinson and Evans. Quorum established. Also attending: Marva Oard, Superintendent and Stacy Maroney, Deputy Minutes Clerk.
3. An item for the Board to consider and take possible action, in the absence of the President and/or Clerk, to appoint an acting President and/or Clerk for the School District to execute any and all documents pertaining to the bond sale died for lack of a motion.
4. A motion to accept the low bid of Community State Bank with UMB Bank at an interest rate of 1.958952% on the sale of the $325,000 Building Bonds, dated: April 1, 2011 was made by Broadbent and seconded by Kadavy. Motion passed 3-0.
5. A motion to authorize the issuance of the $325,000 Building Bonds, dated: April 1, 2011, and fixing other details for the issuance of said bonds was made by Kadavy and seconded by Broadbent. Motion passed 3-0.
6. A motion to approve designating $325,000 Building Bonds, dated: April 1, 2011, 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 Kadavy. Motion passed 3-0.
7. A motion to adjourn was made by Broadbent and seconded by Kadavy at 12:15 p.m. Motion passed 3-0.
_________________________________ President
_________________________________ Vice President
_________________________________ Clerk
_________________________________ Member
_________________________________ Member
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