Res 24 4/26/1948RESOLUTION NO. __2- :._
WHEREAS, the City National Bank in Wichita Falls Texas, depository
of the City of Wichita Falls, Texas, has deposited in trust with the First
National Bank in Dallas the sum of $1,000,000.00 in U.S. Treasury Bonds as
security for the account of the City of Wichita Falls, Texas, as evidenced
by the First National Bank in Dallas Certificate No, 31317, as hereinafter
set forth:
Certificate No. 34317, dated January 22, 1947, U.S. 1 1/2%
Treasury Bonds of 1950, due December 15,
1950; being Nos. 1859, 2033/2036, 2064,
2094, 6208, 6367, 6476, Q 10 M each, 1,000,000.00
AND, WHEREAS, the City National Bank in Wichita Falls, Texas
has requested the release of the above described bonds, and
a' AS, the City National Bank of Wichita Falls, Texas, agrees
to substitute in lieu thereof $1,000,000.00 U.S. 1 1/8% Certificate of
Indebtedness, Series B, 1949, dated February 1, 1948 and maturing February
1, 1949, in the amount of $1,000,000.00,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF WICHITA FALLS, TEXAS,
THAT the City Clerk be and he is hereby authorized to accept as
security for the City of Wichita Falls $1,000,000.00 U.S. 1 1/8% Certificate
of Indebtedness, Series B 1949, due February 1st, 1949, and surrender the
above described U.S. Treasury Bonds aggregating the sum of $1,000,000.00
now on deposit in the. First National Bank in Dallas.
PASSED AND APPROVED this the 7 t day of April, 1948.
T 41114
Mayo
ATTEST: /e(
C'ty Clerk
T
STATE OF TEXAS
COUNTY OF WICHITA
I, Geo.T. Henderson, City Clerk of the City of Wichita Falls, Texas,
hereby certify that the above and foregoing is a true and correct copy of
Resolution No 24, passed and approved by the Board of Aldermen at the
regular meeting held on April 26, 1948, as of record in Minute Book No. 14.
Witness my hand and seal of the City of Wichita Falls, Texas, this
the 27th day of April, 1948.
I
C
it Clerk, City of Wichita Falls, .—%'
Texas.