Res 790 3/11/1968RESOLUTION NO. 7 9()
WHEREAS, the City of Wichita Falls has heretofore
borrowed the sum of $400 , 000 .00 from the City National Bank
in Wichita Falls , which sum was used by the City to purchase
Block 257 of the Original Townsite of the City of Wichita
Falls ; and,
WHEREAS , the promissory note given in evidence of
such loan is due on or before March 31st, 1968, and it is
deemed advisable to make a new temporary loan from said
bank in renewal and extension of such loan; such temporary
loan shall be due 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 execu-
tion 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
authorizing such loan shall be considered by the Board of
Aldermen.
PASSED AND APPROVED this the 11th day of March, 1968.
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A Y O RR
ATTEST :
City Clerk