Ord 2445 9/17/1968 ORDINANCE NO. o: Cols
AN ORDINANCE PROVIDING FOR A TEMPORARY LOAN
IN THE AMOUNT OF $25 , 600 , IN RENEWAL OF A
PART OF A PREVIOUS LOAN FOR A HOSPITAL NURSE
CALL SYSTEM.
WHEREAS, The City of Wichita Falls has heretofore
executed a promissory note dated September 30, 1967 , in the
principal sum of $51, 200 , 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 Genera Hos-
pital 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 , 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; and,
WHEREAS , on September 3, 1968, the Board of Aldermen
adopted Resolution No. 843 giving public notice that, at the
meeting of September 17 , 1968, an ordinance would be con-
sidered authorizing such a temporary loan in conformity with
Section 100 of the Charter of the City of Wichita Falls .
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDER-
MEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT:
The City of Wichita Falls is authorized to make this
temporary .loan, and the Mayor or the City Manager is author-
ized to execute a promissory note in the sum of $25, 600 , pay-
able to the order of the First-Wichita National Bank of Wichita
Falls, on September 30 , 1969, at an interest rate of 3 1/2
percent per annum. Said note shall be given to the bank in
renewal and extension of the balance due on the above mentioned
note dated September 30, 1967.
PASSED AND APPROVED this the ///A day of
• 1968.
// MAYOR
ATTEST:
•
/JCi.7iNG C! Y CLERK
•
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