Res 527 8/12/1963RESOLUTION NO. 51, 7
WHEREAS, the Board of Aldermen of the City of Wichita Falls ,
after due investigation, has determined that it is necessary and to
the best interest of the City to construct two fire stations, as set
out in Resolution No ,511 adopted April 22, 1963; and,
WHEREAS, it is the intention of the Board of Aldermen in the
event contract be executed for the construction of said two fire sta-
tions herein contemplated, to issue and deliver +:o the prop-r contrac-
tor or contractors in payment for the labor, material and supplies
used in the construction thereof, Time Warrants of the City bearing
interest at a rate not to exceed four per cent (4.7`
1,
2) per annum, and
not exceeding the principal sum of $70,000.00, the principal of said
Warrants to be payable in equal annual installments , with the maxi-
mum maturity date to be not more than ten ( 10) years;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF WICHITA FALLS, TEXAS:
THAT the City Clerk is hereby authorized and instructed to
cause to be published in a newspaper of general circulation in the
City the notice required by Article 2368a, Revised Civil Statutes
of Texas in respect of the constructing of said fire stations ; that
said notice shall specify the time and place when and where such
contract shall be let, and shall be published in a newspaper of
general circulation in the City of Wichita Falls once a week for
two consecutive weeks prior to the time set for the letting of such
contract, the date of the first publication to be at least fourteen
full days prior to the time set for such letting; that said notice
shall also contain the information that it is the intention of the
City to issue and deliver interest-bearing Time Warrants in an
amount not exceeding $70,000.00 bearing interest at a rate not
exceeding four per cent (L1%) per annum, the principal of said
Warrants to be payable in equal annual installments with the maxi-
mum maturity date to be not more than ten years , such Warrants to
be issued and delivered in payment of the costs of said fire sta-
tions , and that such notice shall contain such additional information
and data as required by law.
Sealed proposals in respect to the construction of said fire
stations will be received at the office of the City Clerk, Memorial
Auditorium Wichita Falls , Texas , until /;{j O 'Clock, 4, N. , on
the 3/t4,day of ,r , 1963, in accordance with
the plans an specificatio is ware approved by the Board of
Aldermen and on file in the office of the City Clerk, at which time
and place such proposals will be publicly opened and read.
PASSED AND APPROVED this the /,2)aday of 1963.
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A T T E S T : M A ,'O R
City Clerk