Res 833 7/2/1968RESOLUTION NO. (53-3"
WHEREAS, heretofore the City of Wichita Falls acquired Block
257 of the Original Townsite of the City of Wichita Falls, Texas, to
be ultimately used for medical facilities ; and,
WHEREAS, the City of Wichita Falls borrowed the sum of $400,000
from the City National Bank in Wichita Falls, which sum was used by
the City to purchase such Block 257 ; and,
WHEREAS, on February 28th, 1968 the City of Wichita Falls
leased to 0. D. McBride and M. E. McBride, d/b/a McBride Properties,
the southeast quarter of such Block 257, said southeast quarter also
known as Lot 2 of the replat of Lots 1 through 6 of such Block 257 ; and,
WHEREAS, the Board of Aldermen of the City of Wichita Falls
desires to sell to the Wichita County-City of Wichita Falls , Texas,
Hospital Board all of said Block 257 , save and except the northeast
quarter thereof, subject to the above described lease to McBride
Properties, and have such Hospital Board assume the payment of the
above described loan from the City National Bank.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF
THE CITY OF WICHITA FALLS, TEXAS, THAT:
City Manager Jack Davis is hereby authorized and directed to
negotiate with such Hospital Board for the sale to them of such prop-
erty, subject to the matters recited above, as authorized by Article
4494i-1, Revised Civil Statutes of Texas. Any such proposed contracts
so negotiated, shall be submitted to the Board of Aldermen for approval.
PASSED AND APPROVED this the 2nd day of July, 1968.
M A Y O R
ATTEST:
City Clerk