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RES NO 06-03-1987 �0 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. S--4 -1987 A RESOLUTION ACCEPTING THE BID OF DONOHO MERRY INSURANCE, INC. ON PROPERTY INSURANCE FOR THE YEAR BEGINNING JUNE 25, 1987, AND ENDING JUNE 25, 1988. WHEREAS: The Mayor has advertised for bids on property insurance for the year beginning June 25, 1987, and ending June 25, 1988, as per attached bid information; and WHEREAS, The following bids have been received; FIRM COMPANY AMOUNT Donoho Merry, Insurance, Inc. Pen Co $6,111.00 Johnson, Moorman, Russell and Commercial Union $7,903.00 Eden, Inc. Bob Miller Insurance Agency USF &G $9,088.00 and, WHEREAS, The Council feels that the bid of Donoho Merry Insurance, Inc. is adequate: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: THAT, The bid of $6,111.00 Annual Premium from Donoho Merry Insurance, Inc. is the best bid and is accepted. THAT, The Mayor is authorized and directed to pay for same out of the General Fund. PASSED AND APPROVED THIS 15th DAY OF June 19 87 41/ MAYOR I ATTESTEG• CI Y CLERK TREASURER