Res 751 12/27/1967RESOLUTION NO. 2,51
WHEREAS , the City of Wichita Falls now has on deposit
in the City National Bank of Wichita Falls , Texas in the Lake
Arrowhead Bond Funds an amount of $1, 900 , 000 and in addition
thereto has $900 , 000 in unsold bonds now available for sale;
and,
WHEREAS , the commitment of the City to meet its share
of the total project for construction of the Lake Arrowhead •
raw water transmission line and pump station under its agree-
ment with United States Department of housing and Urban
Development (Project No. WS-5-44-0063) is • i.n excess of $2 , 000 , 000 .
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS, THAT :
It is the intention of such Council to sell so many
of said bonds as are necessary to meet its commitment on such
project if and when such sale is necessary.
PASSED AND APPROVED this the 27th day of December,
1967 .
M A Y O R
ATTEST :
City Clerk