Res 727 9/25/1967RESOLUTION NO. 77
WHEREAS, the City of Wichita Falls has heretofore
executed a promissory note dated September 30th, 1966 in
the principal sum of $76, 800 , 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, 1967 , and the balance due as of its maturity date
is $51, 200, and it is deemed advisable to make a new tem-
porary loan from said bank for that amount in renewal and
extension of the balance due, said temporary loan shall be
payable on September 30th, 1968, 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 October 9th, 1967 , an ordinance
authorizing such a temporary loan shall be considered by the
Board of Aldermen.
PASSED AND APPROVED this the 25th day of September,
1967 .
M A Y O R
440,
ATTEST:
City Clerk