Loading...
Res 415 4/25/1960RESOLUTION NO. -S WHEREAS, the City National Bank in Washita Falls, Texas, has deposited in trust with the First National Bank in Dallas the seam of $500,000.00 in U.S. 3 1/4% Treasury Notes as security for the account of the City of Wichita Falls, as evidenced by First National Bank in Dallas Certificate No. A 17351, as hereinafter set forth; Cert No. A 17531, dated 3- 17-60, U;S. 3 1/4% Treasury Notes, Series B -1960, Nos. 13416/13419, 13426 Q 100M each, Interest due May 1st and November 15, next coupon attached 5 -15 -60 $5001000.00 and, WHEREAS, the City National Bank in Wichita Falls, Texas, has requested release of the above described Treasury Notes, and SAS, the City National Bank in Wichita Falls, Texas, agrees to sub- stitute in lieu therefor $500,000.00 U.S. C of I's 4 7/$% due 2- 15-61: NOW, THEREFORE,, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, `TEXAS. THAT the City Clerk of the City of Wichita Falls, Texas, be and he is hereby= authorized and empowered to accept as security for the City of WichitaFalls, Texas, $500,000.00 U.S.C. of I's 4 7/8%, due February 15, 1961, and surrender the above described Treasury Notes as evidenced by First National Bank in Dallas Certificate No. 17531 for the sum of $500,000.00 now on deposit with the First National Bank in Dallas. f PASSED AND APPROVED, this the _day of April, 1960. Wichita Falls,, Texas Mmorial Anditorium Bldg, April 250 1960 The Board of Aldermen of the City of Wichita Fallsp Texas. met in regular session on the above ' date., in the Council. Room of the Memorial Audit©ritm , Bldg. j, at 7:0 o 0 clack. p.Mo with the following members presents Kenneth Johnson M`or J. R.. R R*.' J. Wini,nger Roger E. Thoes Aldermen Dr. Al_ T, Ditcher � Joe Bailey Maissner Jr. Mrs H. P. Ledford. Geo, T. Henderson City Clerk C* J. Griggs City Manader Frank Gibson. City Attorney Among other proceedings, the following was had: Loved .by Alderman WL- Linger that Resolution No. 415 be and the same is hereby adopted and p*ssed'as read. Motion seconded by Aldermm;n Meissner and carried by the following vote: Yeast Aldermen Ray, Wi ni.nger,, Thoes, Witcher, Meissner and Ledford. Nays: None, STATE OF TEAS CQUWY OF WICHITA I, Geo. T. Henderson., City Glerk of the City of Wichita Falls, Texas; hereby certify that the above and foregoing as a tx txe and correct ecapy of excerpt from the anates of the meeting of the Beard of Aldermen of the City of Wichita Falls, Texas,, held on April. 25.* 1960& as of record on Page No. 158, Minute Book Ito. 17, of the City of Wichita Falls,, Texas. Witness my hand and seal of the City of Wichita Falls, Texas, this 26th day of April, 1960, City Clerk, City of Washita, Falls, Texas