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3. Recommendation and Fundin <br />Inasmuch as this is the funding program itself, the net cost (or <br />income) will be furnished in the attached proposal. We recommend <br />this proposal. <br />4: Distribution <br />Joe Collins <br />Jeff Barton <br />L.S. "Tommy" Thomas <br />5 Attachments <br />Proposal from the Arch W. Roberts & Co. & <br />The Leedy Corporation, Joint Underwriters. <br />STAN LEVINGOOD FROM ARCH W. ROBERTS & CO. CAME BEFORE THE <br />BOARD AND REVIEWED THE JOINT PROPOSAL OF ARCH W. ROBERTS & CO. AND <br />LEEDY CORPORATION, WHICH THE BOARD HAD BEFORE THEM. HE REFERRED TO <br />PAGE 2, SECTION C, AND SUGGESTED THE WORDING BE CHANGED TO READ: <br />"THE FEE OF BOND COUNSEL, THE ISSUER'S ATTORNEY AND ANY OTHER <br />ISSUER'S ATTORNEY'S FEES REQUIRED TO COMPLETE THE FINANCING." MR. <br />LEVINGOOD THEN REVIEWED THE PARAGRAPH CONCERNING THE PURSUIT OF <br />INTERIM FINANCING COMMITMENTS WITH FMHA, <br />DISCUSSION ENSUED ABOUT THE PROPOSED JOINT PROPOSAL. <br />MOTION WAS MADE BY COMMISSIONER SCURLOCK, SECONDED BY <br />COMMISSIONER BIRD, FOR THE BOARD TO APPROVE THE JOINT PROPOSAL OF <br />ARCH W. ROBERTS & CO. AND LEEDY CORPORATION, ALONG WITH THE CHANGES <br />DISCUSSED. <br />MOTION WAS MADE BY COMMISSIONER FLETCHER TO TABLE THE <br />MOTION UNTIL AFTER LUNCH. THE MOTION DIED FOR LACK OF A SECOND, <br />THE CHAIRMAN CALLED FOR THE QUESTION. IT WAS VOTED ON <br />AND CARRIED UNANIMOUSLY. <br />15 X981 <br />, <br />25 Poop '46 PACE243 . <br />