Res 532 9/9/1963RESOLUTION NO 532
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 golf course improvements,
as set out in Resolution No. 511 adopted April 22, 1963; and,
WHEREAS, it is the intention of the Board of Aldermen in
the e"ent contract be executed for the construction of said golf
course improvements herein contemplated, to issue and deliver to
the proper contractor or contractors in payment for the labor,
material and supplies used in the costt"action thereof, Time Warrants
of the City bearing interest at a rate not to exceed four per cent
4%) per annum, and not exceeding the principal sum of $100,000.00,
the principal of said Warrants to be payable in equal annual
installments, with the maximum 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, TEXASs
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 golf course improve-
ment° : that said notice shall specify the time and place when and
where such contract shall be let, and shall be published in a news-
paper 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 $100,000.00 bearing interest at a rate not
exceeding four per cent (4%) per annum, the principal of said War-
rants to be payable in equal annual installments with the maximum
maturity date to be not more than ten years, such .Warrants to be
issued and delivered in payment of the costa of said golf course
improvements, and that such notice shall contain such additional
information and data as required by law.
Sealed proposals in respect to the construction of said
golf course improvements will be received at the off oe of the City
C1' k, Memorial Auditorium, Wichita Falls , Texas, until
0"Clock, Ma , on the day of 1963, in
accordance w th the plans and specifications which are 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 9th day of September, 1963.
Ay 4-L A_ 0
ATTEST o M 0 R
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City Clerk