Res Bond fees 10/9/1944RESOLUTION
RESOLUTION FIXING :3aME= OF FR . AND CHARM, TO BE
ALLOWED TI-M CITY NA:T OXkL BANK IN INICHIT.A. FALLS, TRW AS
'RVST" IN Tom., TRUST IMErAi RE ,M= FOR, TRE; FURPOSE`..,OY S&
CURIN G, THE PAAitNT I OF `i�E REPS BONDS IN , THtS AMOUNT.: OF
AW4.000..00 Kam ', AS : "'CITY' OF .MCHITA FALL, V =S# . FIRST
MORTC�G INTER t�iC}RKS SYSTEM R NUZ ?ROY BORE ":.
3 IT RESOLVED',BY THE BOARD= OF= ALDIMM 0 THE CITE
OF VaCBITA FALIS., T�OMS:
That the City National Bank in Wichita Falls, Texas,
zzamed as Trustee` in a certain Trust Indenture between .the
City of Meh{ta .Fal 1s and the City NationAl: dank in Wichita
Falls made.for the, purpose of seci=ingg the payment of cer-
tain revenue bohd.s.in the amount :of $3,500,000.00, known
as."City of Wichita i611s, Tekass,First Mortgage Water Works
System Revenue Improvement Bonds," In consideration of its
acceptance of said `trust be allowed, and the City of Wichita
Falls .hereby promises to pay to said Trustee for its ,ser-
vices afore.aaid the following schedule of, fees:
FIT:: - Koceptance Pee - . 100.00e
SECOI9D Annual fee - 1/40th. of" l% for the total amount
of bonds outstanding, with a. minim= annual, charge- 4150,00.
�? b:: dertification. fee- 2W for each bond for the
first ,,,3000 bonds',. °and, 50� for each band for the remaining -
50O bonds.
MM M. ggqing fee- 1/40th, of 1% of, the authorized
issue, payable annMl ly as bonds are retired.
IF1'H:' .Reasonable compensation for such additional
services as may be,- performed frca time to time by said. Trustee
in accordance with Art. 8, See. '9.'ot.the Trust Indenture,