Res 631 3/24/1966RESOLUTION NO. 0/
WHEREAS, the Board of Aldermen of the City of Wichita
Falls has adopted Resolution No.6 Sn wherein they
create the Wichita County-City of Wichita Falls, Texas,
Hospital Board under authority of H. B. No. 960, adopted
at the Regular Session of the 59th Legislature of the State
of Texas, for the purpose of making it possible to make much
needed improvements to the Wichita General Hospital, so that
this facility will be able to better handle the ever-growing
hospital needs of the people of Wichita Falls and Wichita
County; and,
WHEREAS, the Board of Aldermen desire to make known their
intentions with reference to the Hospital, so that the Hospital
Board may make long range plans concerning the operation and
improvements of the hospital.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS :
That it is the purpose of the Board of Aldermen in creat-
ing such Hospital Board, that such Board shall be in a position
to issue Revenue Bonds to provide the financing of the improve-
ments which are necessary to meet the hospital needs of the
community, and that the City of Wichita Falls intends to con-
tribute to such Hospital Board the sum of $80 , 000.00 per year
for the next ten years, which contribution will be used by the
Board to guarantee the payment of such Revenue Bonds; at the
end of such ten year period, the proposed improvements will have
been financed, and the City of Wichita Falls would have no need
to make further contributions to the hospital, and such con-
tributions would cease.
PASSED AND APPROVED this the A/ day of j) /t (,/ , 1966.
Ae /. . _ a/
ATTEST:
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M A Y O R
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City Clerk