Res 291 2/28/1956THE STATE OF TEXAS
COUNTY OF WICHITA
CITY OF WICHITA FALLS
ON THIS the 28th day of February, 1956, the
Board of Aldermen of the City of Wichita Falls, Texas, convened
in regular meeting recessed from the Monday evening session,
at the regular meeting place, with the following members present,
to-wit:
Lloyd C. Thomas Mayor
Roy C. Hyatt
W. E. Reichmuth
Gene Liepold Aldermen
Elie Lam
George T. Henderson City Clerk
and with the following absent :
Dr . E. Aubrey Cox
Jack G. Banner,
constituting a quorum, at -which time the following proceedings
were had :
Alderman Lam presented for the consideration of
the Board a resolution and made a motion that it be adopted . The
motion was seconded by Alderman Hyatt . The resolution was read
in full by the City Clerk.
The motion carrying with it the adoption of the
resolution prevailed by the following vote:
AYES:Aldermen Hyatt, and Lam, and
Mayor Thomas
NOES:Aldermen Liepold and Reichmuth
The Mayor announced that the resolution. had been
adopted . The resolution as adopted is as follows:
R.ESOLUT I ON No. 291
BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS, EXERCISING ITS OPTION
TO REDEEM CERTAIN BONDS AND PROVIDING FOR
NOTICE THEREOF .
WHEREAS, heretofore the Board of Aldermen of the City of
Wichita Falls, Texas, passed an ordinance authorizing the issuance of
51,000,000.00 City of Wichita. Falls, Texas, First Mortgage Waterworks System
Revenue Improvement Bonds, Series 1, dated May 1, 1944, bearing interest at
the rate of 311% per annum, payable semi-annually on April 1st and October 1st
of each year, and maturing serially through 1960, with option of prior pay-
ment contained in said ordinance and in said bonds on October 1, 1955, or on
any interest payment date thereafter; and
WHEREAS, said bonds were duly approved by the Attorney
General of the State of Texas, were registered by the Comptroller of Public
Accounts of the State of Texas and were sold and delivered in accordance with
law; and
WHEREAS, the City now has an option, (effective April 1,
1956,) to redeem at a price of par and accrued interest Bonds Numbers 713
to 1,000, both inclusive, of the above described issue, aggregating in prin-
cipal amount the sum of $288,000.00; and
WHEREAS, it is considered and adjudged to be to the best
interest of the City that said bonds be called for redemption;
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF
WICHITA FALLS, TEXAS
1. That the following described bonds are hereby called
for redemption, the date of redemption being fixed on the 1st day of April,
1956:
City of 'vJichita Falls, Texas, First Mortgage
Waterworks System Revenue Improvement Bonds,
Series 1, dated May 1, 1944, in the denomi-
nation of $1,000.00 each, numbered 713 to
1,000, both inclusivei aggregating $288,000.00,
bearing interest at 3 .
2. Funds will be available at the Mercantile National
Bank at Dallas, Dallas, Texas, to pay for said bonds and accrued interest
on the date named. In the event said bonds are not presented for redemption,
they shall thereafter cease to bear interest from and after the date so fixed
for redemption.
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3. The City Clerk of the City of Wichita Falls, Texas,
is hereby directed to give notice of intention to redeem said bonds in the
following manner: by notice in writing to the Mercantile National Bank at
Dallas, Dallas, Texas, and publication in the Dallas Morning News, at least
thirty days before the date fixed for redemption.
4. The Mayor, City Clerk and City Treasurer are hereby
directed to do any and all things necessary or convenient to carry out the
provisions of this resolution.
ADOPTED AND APPROVED this the 28th day of February, 1956.
per or, / ity of Wichita Falls, Texas.
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City lerk, City, of d 'bite Falls, Texas.
APPROVED AS TO FORM:
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City Attorney, (Asst . )
Falls, Texas
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THE STATE OF TEXAS
COUNTY OF WICHITA y
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CITY OF WICHITA FALLS s.
I, the undersigned, City Clerk of the City of Wichita
Falls, Texas, do hereby certify that the above and foregoing is a true, full
and correct copy of a resolution adopted by the Board of Aldermen of said
City (and of the minutes pertaining thereto) on the 20th day of February,
1956, exercising its option to redeem certain bonds, which resolution is of
record in the minutes of said Board of Aldermen.
WITNESS MY HAND and the seal of said City, this the
29th day of February, 1956.
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City lerk, City of , `chita Falls, Texas.
SEAL)
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