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Purcell Schools

School board votes to sell bonds

Final $1,700,000 for new junior high and Conger renovation


Purcell’s Board of Education, in a special meeting last Thursday, voted to sell the final amount of the series bonds for construction of the junior high school and rennovation of Conger Field.

Board members were told they had four companies bid on the $1,700,000 in bonds from the original $29,260,000 bond issue originally passed in 2017.

J.C. Leonard of Stephen H. McDonald and Associates, Inc. of Norman reported to the board.

Bids were received from BOK Financial Securites, Inc., in Oklahoma City, Country Club Bank of Prairie Village, KS, First Bankers’ Banc Securities, Inc., in St. Louis, MO and Legacy Bank of Hinton.

The board voted 4-0 to accept the low bid of $76,594.80 from BOK at an average rate of 1.556805 percent.

A bid of $80,100 came from Country Club Bank, $81,162.20 from First Bankers’ and $182,040 from Legacy Bank.

Board members present included Tracy Folsom, Bill Smith, Jr., Kevin Andrews and Nicolle Carr. Dru Smith was absent.


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