Res 531 9/9/1963y
RESOLUTION NO. 531
WHEREAS, the Board of Aldermen of the City of Wichita Falls
on August 12, 1963, adopted Resolution No. 527 authorizing the Cit;'
Clerk to publish notice to bidders of letting of contract for the
construction of two fire stations, and of the Cityes intention
to issue interest-bearing time warrants therefor in an amount not
exceeding $70,000, bearing interest at a rate not exceeding four
percent per annum, sealed proposals to be received at the office
of the City Clerk until 10: 30 ovclock a.m. on the 3rd day of Sept-
ember, 1963; and,
WHEREAS, it was later decided that more favorable bids for
the City could probably be obtained if the bids were received until
2:30 o !clock p.m. on said September 3rd, 1963, and the published
notice so provided, the change in time is now considered by the
Board of Aldermen to be in the best interest of the City, and such
change in the time of the opening of bids should be and is hereby
ratified and confirmed by the Board of Aldermen; and,
WHEREAS, said notice was duly published in the Wichita
Falls Record. News, the date of first publication being more than
fourteen (14) days prior to September 3rd, 1963, such publication
having been made on August 16, 1963 and August 23, 1963; and,
WHEREAS, the Board of Aldermen finds that no petition of
any kind has been submitted to the City Clerk or to any ,member of
the Board of Aldermen or to any officer of the City requesting a
referendum vote upon the question of authorizing the issuance of
bonds of the City for the purpose of providing the money to con-
struct said fire stations or the issuance of the interest-bearing
time warrants of the City, and that therefore the Board of Aldermen
is authorized to proceed with the acceptance of proposals and award-
ing of contracts and issuance of said interest-bearing time warrants
in payment of all or part of the cost of constructing said fire
stations ; and,
WHEREAS, on the date stipulated in said notice for the
acceptance of bids, and at the time and place specified therein,
bids were received and opened and read; and,
WHEREAS, the Board of Aldermen finds that the proposal of
Charles Wrotenberry in the sum of SEVENTY THOUSAND AND NO 100
70,000.00) DOLLARS was the lowest and best bid submitted and
that the said contract should be awarded to him;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF WICHITA FALLS, TEXAS:
THAT the contract for the construction of said two fire sta-
tions should be and the same is hereby entered into by and between
the City of Wichita Falls , Texas, and the aforesaid successful bid-
der , Charles Wrotenberry, and the Mayor is hereby authorized to
execute said contract for the City.
THAT the serial warrants of said City shall be issued and
delivered to the said Charles Wrotenberry for the purpose of fi-
nancing the cost of constructing said fire stations, said warrants
to be in an amount not exceeding $70,000, bearing interest at a
rate not exceeding four percent (4.%) per annum with the maximum to
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be not more than ten ( 10) years . A sufficient tax shall be assessed
and collected annually to pay the interest on said warrants and to
reate a sinking fund for the redemption of said warrants at matu-
rity, which shall be at least two percent ( 2%) thereof annually.
PASSED AND APPROVED this the 9th day of September, 19630
A Y O R
ATTEST :
27
City Clerk