Res 723 9/11/1967RESOLUTION NO. 7 3
WHEREAS, the City of Wichita Falls has heretofore
borrowed the sum of $150, 000 from the City National Bank in
Wichita Falls, for the purpose of improving and furnishing
the Memorial Auditorium. building; and,
WHEREAS, the promissory note given in evidence of
such loan is due on or before September 29th, 1967 , and it
is deemed advisable to make a new temporary loan from said
bank in the amount of $125 , 000 in renewal and extension of
a part of said loan; said temporary loan shall be payable
on or before March 31st, 1968, at an interest rate corre-
sponding to the market rate of 91 day U. S . Treasury bills
as quoted one week preceding the execution 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 September 25th, 1967 , an ordi-
nance authorizing such loan shall be considered by the
Board of Aldermen.
PASSED AND APPROVED this the 11th day of September,
1967 .
I
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M A Y O R
ATTEST:
City Clerk