Res 843 9/3/1968RESOLUTION NO.843
WHEREAS, the City of Wichita Falls has heretofore executed a promissory
note dated September 30, 1967, in the principal sum of $51,200.00, payable
to the order of the First-Wichita National Bank, which represented part
of the sum loaned to the Board of Managers of the Wichita General Hospital
to be used to purchase a nurse call system for said hospital; and,
WHEREAS, such promissory note is due on September 30th, 1968, and
the balance due as of its maturity date is $25,600.00 and it is deemed
advisable to make a new temporary loan from said bank for that amount
in renewal and extension of the balance due, said temporary loan shall
be payable on September 30th, 1969, and bear interest at the rate of
3 1/2% per annum.
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 September 17th, 1968, an ordinance authorizing such a
temporary loan shall be considered by the Board of Aldermen.
PASSED AND APPROVED this the 3rd day of September, 1968.
A Y O RMR
ATTEST:
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City Clerk