Res 224 10/27/1952RESOLUTION vO. 2
A RESOLUTION EXTENDING TIME WARRANTS NOS. 1, 2, 3, and 4 in the amount of
214,000.00 to a due date of on or before DECEMBER 15, 1952.
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS:
WHEREAS, the City has heretofore issued certain time warrants against antici-
pated revenues, said warrants beings Nos. 1, 2, 3, and 4, totaling an amount of
214,000.00, and.,
WHEREAS such anticipated revenues having failed to materialize on or before
the due date of such time warrants, and,
WHEREAS it is mutually desirable that said warrants be extended to December
15, 1952, the same to bear the same rate of interest and on the same terms aid
conditions as originally issued;
NOW, THEREFORE, BE IT RESOLVED that the City Manager is hereby authorized to
enter into a contract extending the due date of the above numbered time warrants
to on or before December 15, 1952, such contract to be negotiated with the City
National Bank, Wichita Falls, Texas, the owner and holder of such warrants, and
the same are to be paid on or before December 15, 1952, under the same terms and
conditions as originally issued except for the new due date.
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PASSED AND APPROVED this y7 day of (SLi A.D. 1952.
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Mayor
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City Clerk