Res 586 1/11/1965RESOLUTION NO. J Y
WHEREAS, it is deemed advisable by the Board of Aldermen to
borrow an amount not to exceed $175,000 from the City National
Bank in Wichita:_Falls under the terms of the City' s depository
agreement, for the purpose of improving and furnishing the
Memorial Auditorium Building, said loan to be for one year, at
an interest rate corresponding to the market rate of ninety-one
91) day U. S. Treasury Bills as quoted one week preceeding the
execution of the loan.
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 regular meeting
of the Board of Aldermen on January 25, 1965, an ordinance
authorizing such loan shall be considered by the Board of Aldermen.
PASSED AND APPROVED this the 11th day of January, 1965.
of
Mayor
ATTEST:
City Clerk