Res 724 9/11/1967RESOLUTION NO.
WHEREAS, the City ofWichita Falls has heretofore
borrowed the sum of $400, 000 from he C7i y National Bank. in
Wichita Falls, which sum was used by the City to purchase
Block. 257 of the Original Townsite of the, City of Wichita
Falls ; and,
WHEREAS, the promissory note given in evidence of
such loan is due on or before September 30th, 1967 , and it
is deemed advisable to make a new temporary loan from said
bank in renewal and extension of such loan; such temporary
loan. shall be due on or before March. 31st, 1968, at an
interest rate corresponding to the market rate of91
day U. S. Treasury bills as quoted one week preceding the
execution of the lean.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
ALDERMEN O 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 .
M A Y O R
ATTEST:
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City Clerk