Res 789 3/11/1968RESOLUTION NO. 7-P?
WHEREAS, the City of Wichita Falls has heretofore
borrowed the sum of $175, 000 .00 from the City National Bank
in Wichita Falls, for the purpose of improving and furnishing
the Memorial Auditorium building; and ,
WHEREAS, the promissory note given in evidence of
such loan is due on or before March 31st, 1908 , and it is
deemed advisable to make a new temporary loan from said bank
in the amount. of $100 , 000 .00 in renewal and extension of a
part of said loan; said temporary loan shall be payable on or
before September 30th, 1968, at an interest rate corresponding
to the market rate of 91 day U. S . Treasury bills as quoted
one week preceding the execution of the loan.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS, THAT :
Public notice is hereby given that, at the meeting of •
the Board of Aldermen on March 25th, 1968, an ordinance author-
izing such loan shall be considered by the Board of Aldermen.
PASSED AND APPROVED this the 11th day of March, 1968.
M A Y O R. ..
el' Ay
ATTEST :
City Clerk