Res 545 2/10/1964RESOLUTION NO.
WHEREAS, City National Bank in Wichita Falls, Texas, now has
pledged to the City of Wichita Falls $221,000 U. S. Treasury 2 5/8%
Bonds due February 15, 1965, covered under Trust Receipts of First
National Bank in Dallas A43296 and A49736, and said City National
Bank has requested release of said securities, and has agreed to
substitute in lieu thereof a like amount of U. S. Treasury Bonds,
4%, due August 15, 1970 ; and,
WHEREAS, said City National Bank in Wichita Falls also has
pledged to the City of Wichita Falls $3,000,000 U. S. Treasury
3 1/4% Certificates of Indebtedness, due February 15, 1964, covered
under Trust Receipts of First National Bank in Dallas A49603 and
A49731 in the amounts of $1, 500 , 000 each; said City National Bank
has requested release of said securities and has agreed to substi-
tute in lieu therefor a like amount of U. S. Treasury Notes
3 7/8%, to be dated February 15, 1964, and due August 13, 1965.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The City Clerk of the City of Wichita Falls, Texas,
be and he is hereby authorized to release First National Bank in
Dallas, Texas, said Trust Receipts No. A43296 and No. A49736 in
the amount of $221,000, and accept in lieu thereof new receipts
from the First National Bank in Dallas, Texas, in the amount of
221,000 .
SECTION 2 . The City Clerk of the City of Wichita Falls, Texas,
be and he is hereby authorized to release said First National Bank
in Dallas, Texas, Trust Receipts No. A49603 and No. A49731 in the
amounts of $1, 500, 000 each, and accept in lieu thereof new receipts
from the First National Bank in Dallas, Texas , in the amount of
3,000,000 .
PASSED AND APPROVED this the / 0 day of February, 1964.
41'0
LrU i. Al
M . y o r
A T T E S T :
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City ,-Clerk