Res Bonds 4/8/1946RESOLUTION
WHEREAS, the City National Bank of Wichita Falls, Texas,
Depository for the City of Wichita Falls, Wichita Falls, Texas, has
deposited in trust with the First National Bank in Dallas, the sum of
$400,000 U.S. 7/8% Certificate of Indebtedness, Series D-- 1916, due
5 -1 -46, as security for the account of the City of Wichita Falls, Texas,
as evidenced by First National Bank in Dallas, Certificate No. 32107
dated January 17, 1946, as hereinafter described;
U.S. 7/8% C of Its Series D-1946,, due 5-1-46
Nos. 7751 -7753 ®.$100,000 each $300,000
Nos. 11404 -11413 @ $10,000 each .100,000 $400,000
Ai1D<7 WHEREAS, the City National Bank of Wichita Falls, Texas,
has requested release of the above described securities, and
WHEREAS, the City National Bank of Wichita Falls, Texas, agrees
to substitute in lieu thereof $380,000 U S 7/8% Certificate of Indebted-
ness, Series C-1947., due Darch.1, 1947, and
WHEREAS, the Board of Aldermen of the City of Wichita Falls,
Texas, considers the City National Bank of Wichita Falls, Texas, has an
excess of securities placed with the First National Bank in Dallas to
secure the deposits of the City of Wichita Falls, Texas,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDMMN OF
THE CITY OF WICHITA FALLS, TExAS,
THAT the City Clerk be and he is hereby authorized to release
to the City National Bank of Wichita Fails, Texas, Certificate No. 32107
dated January 17, 1946, aggregating the sure of $400,000 and to accept
as security for the deposits of the City of Wichita Falls, Texas,
$380,000 U S 7/8% Certificate of Indebtedness Series C- 1947, maturing
March 1, 1947.
PASSED AND APPROVED this the 8th day of April, 1946.
�dayor
ATTES
City Clerk