Ord 2199 10/25/1965 ORDINANCE NO.
ORDINANCE PROVIDING A TEMPORARY LOAN OF $102,400 .00,
WHICH WAS PART OF AN AMOUNT LOANED TO THE WICHITA
GENERAL HOSPITAL FOR THE PURCHASE OF A NURSE CALL
SYSTEM.
WHEREAS, the City of Wichita Falls has heretofore borrowed
the sum of $128,000 .00 from the First-Wichita National Bank, which
sum was in turn loaned to the Board of Managers of the Wichita
General Hospital to be used to purchase a nurse call system for
said hospital; and
WHEREAS, the balance due on this loan is now $102,400 .00,
and it is deemed advisable to make a new temporary loan from the
bank for that amount, which shall be payable on or before September
30, 1966; and,
WHEREAS, in accordance with the requirements of Section 100
of the Charter of the City of Wichita Falls, there has been public
notice of at least two (2) weeks before this proposal has finally
been acted upon by the: Board of Aldermen, and a public hearing
has been held to consider the matter of this loan.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF
THE CITY OF WICHITA FALLS, TEXAS, THAT the City be authorized to
make this temporary loan, and that the Mayor be authorized to
execute a promissory note in the sum of $102,400.00, which shall
be payable not later than September 30, 1966. Said note shall
be given to the bank to renew the balance due on the above mention-
ed note, which was dated November 23, 1964.
PASSED AND APPROVED this the 25th day of October, 1965.
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M A Y O R
ATTEST:
City Clerk
A