Min 07/03/1944 91
Wichita Falls, Texas
'Temorial A"ditnpi"m
T"l 7 1. 1 Q41,
The Board of Aldermen of the Cit- of Wichita Falls, Texpp, met in
VRoular session at 8:00 a'clock ". 7. on the above date in the Council Room
in the "-mnvial Qditnrium R911dirg, with the following members present:
unmiltnn, "ayor
A. Nraping, Y
7 . Ralph Per, Aldermen
0, ", Stenhers ,
Gen. n. Fairtrace, City 'tanager
T. A. "iP01 City Attorney*
Gen, T. "orderson Ott- Clerk
Mn-nr Hamilton announced a quorum present and that the Cnunrij would
rroceed with the regular order of b"siness .
The "inutes of the orevious meeting were read and approved as read.
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USCUTION
THAT the First 7atinnal Barak ir Whits. Falls, "A chi Falls, Tpxas,
be and is hereby directed to transfer One Million 1% Hundred Thousand
($1.2001000.00) Dnllnrq from our checkirg account with them to the 0itv of
71chita 011s, First Mortgage "Vater "brks lystem Revenue Fund 0'ater Wrovement
To. 5)" to an interest bearing account, to be known as "Time Deposit Open Account,
City of Tichita Falls, First Portgage Tater Works %ystem Revenue Bond Fund
("ater Improvement No. A) " - as nermitted by Regulation D - Section I No.
5405.1 (d) - interest to be at the rate of one fly) percent per arnum, nayable
at the end of each anarter. The interest to Start or the deposit wYen the name,
is Pno-Ved by said Park.
1,111 -,mount, left on denosit with the First National Rank ir Wichita
FnUsi „Ti 0bitp, Falls, Texpq , is to he secured by United States Government Tandr
for ecual the amount of the deposit, the bonds to he withdrawr simol-taneously
in ornoortion to the amounts of withdrawals from the Time hennpit Account, the
amounts of the withdrawals to be avreed "non later. "awever, a Thirty Q0)
days written notice (being a legal repuirements) is agreed noon between the
First National Bank An Wichita Falls, 71chita Falls, Texas, and the City of
-ichita Falls.
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"oved by Alderman Stephens that the above and foregoing resolution be
approved and nassed as read.
Motion seconded by Alderman Hver and carried by the following vote:
Yeas : Ya7or Hamilton. Aldermen Snrnpins, Hyer and Stenbens.
Nays: None.
PFOCITI�TTOIN7
TFAT the City Patinnal Bank in Vichita. Falls, 7ichita Falls, Texas, be
and is herebv directed to transfer One Killion Twn Pnndred Thousand (0 ,200,000,00)
7,11ars from our checkinq account with them to the "City of 7dchita Folly, First
"ortFaye Water Works Fvstem Revenue Fund ("ater Tmrrnvement No. 5)" to or interest
bearinc account, to be known as "Time Deposit Open Account, City of 7ichita Falls,
92
First MortFTage Water T,';orks System Revenue Bond Fund (T'?ater Tmnmv:ment No. 5)��as permitted by FeFula.tion D — SArtinn 1 — rT�, 5405.1 (d) — interest to be at
the rate of nne npr cent ner anniTm, n_ arable at the end of each ouarter.
The interest to start on the deposit when the same is accepted by said Bank.
All, amounts left on deposit with the City ^?ationaa Bank in V'Tichita
"ails TAlchita Falls. Texas , is to he Gec,ired by TTnited Mates Government Bonds
for eoual the amount of the deposit, the bonds to be withdrawn simultaneously
.n proportion to the amounts of withdrawals from the Time T)er.nsit Account. the
amounts of the withdrawals to be agreed )).non later. Hnwever, a Thirty ('K'
d?Trs written notice (being a legal reouirement) is agreed n.pon between the City
Rational Bank in "%i.chita Falls, "'ic>-jita Falk, Texas, and the City of Wi(,hita.
Fa11�»
,raved by Alderman Snrapins that the above and foreizoinp. resolution be
adopted and passed as read.
'�`otin,n seconded bTr 41derman T-Tver and carried by the following vote:
Yeas: 'favor ".9milton, Aldermen Soragins, uyer and Stephens.
Nays: prone.
'Moved by Alderman Ntrer that the proceeds from the interest received
from the bond funds placed on time deposit in the local banks to the credit of
the regular bond. Ptnd constniction account, which has been designated as City
of ��ichita Falls T'ater T,riprovem.ent T'To. 5 cash fund account.
1"otion seconded by Alderman .5teohens and carried.
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SiDF'"AT.KS, CTTRBS� GT"�TrpF k'�TD/nR T)pTVF,. iyc ^.�TrTT .4FF ITT A DEFECTIVE A^141r, DANGER—
OUS CC!i,'ITION; iirFTT'ING OOP Tic ES, Te.rpncc1111r T,TqBILiTY F^n T)A''fIM FS ANT) ZCSc
StTFFERED; RE(,TTI.ATII`TG T--F TTGT; f;PTD '1 A4 rTTF;T AITCF OF c IDF7'11AT_KS CURBS GUTTERS bnm/CT1
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AYc AF A !7JTSA?` CE,PROVTDIN FOR T,T(,TTCE T') PR()PFPTY '-)"ITrTDe nn U°FRS' TIE,- Ta C,+
nrrFcCRTRTr.T� Apr kTmy Arm r,FrTAT✓-11"G, A" FT,'taU('�r'�Yy
Uoved by Alderman Spray i.ns that Ordinance No. 1390 be approved as
read and passed on its first reading.
"'oti on Seconded by Al der!ngn ctenhens and carried by the fol.lnwine
vnt p.
Yeas: "ayor "ami.ltnn, A_leermen cnrii-Ins, river and Ftenhens.
tTaS,S. ITOT)P,.
TFoved b;; Alderman StenhPns that the Bnard of Aldermen aonrove tax
refTTnd to Chas. Como in the amotirt of : 3.15 on account of double tax payment
and further authorize and order the City Clerk to draw a warrant for the same.
'lotion seconded by Alderman c nraPi.ns and carried.
Nn. MO
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rr've CI 'n7r "i I rl p-q I,I -_,er that O-Wance To. 1988 be ennroved, as read
and nn-fpd nr its Pew& reading.
T�+J_n b7 Aldermyr Ftephons Pro carried W the foll-w!T
vote:
YenF! "a-or 7nmilt-n kIdpropr Tnraq ins, "7er and 7tephens .
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'Idpman It,enbow that the board of Aldermen adjourn.
I
lotion secon0d 0 Mernan Snra-ins and married,
Y"p I-n"K of Aldermen then adjoirned.
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