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RES NO 06-01-1991 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. X- -1991 A RESOLUTION ACCEPTING THE BID OF JOHNSON, MOORMAN RUSSELL, INC. ON PROPERTY INSURANCE FOR THE YEAR BEGINNING JUNE 25, 1991, AND ENDING ON JUNE 25, 1992. WHEREAS, The Mayor has advertised for bids on property insurance for the year beginning June 25, 1991, and ending June 25, 1992, as per attached bid information; and WHEREAS, The following bids have been received: FIRM PREMIUM COMPANY Rebsman Insurance $4,418.00 Employers Fire Insurance Co. Johnson, Moorman Russell, Inc. $4,048.00 Employers Mutual Insurance Co. The Merry Company, Inc. $5,549.00 CNA Insurance Companies Arthur J. Gallagher Co. $7,500.00 Affiliated FM Insurance Company and, WHEREAS, The Council feels that the Bid of Johnson, Moorman Russell, Inc. is adequate: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: THAT, The bid of $4,048.00 Annual Premium from Johnson, Moorman Russell, Inc. is the best bid and accepted. THAT, The Mayor is authorized and directed to pay for same out of the General Fund. PASSED AND APPROVED THIS 17TH DAY OF JUNE 19 91 An •R ATTESTED: 41111 j/. de. CIT.- CLERK- TRE,SURER