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Ord 2366 10/23/1967 ORDINANCE NO. ,g,,Z6 AN ORDINANCE PROVIDING A TEMPORARY LOAN IN THE AMOUNT OF $51, 200, IN RENEWAL OF A PART OF A PREVIOUS LOAN FOR A HOSPITAL NURSE CALL SYSTEM. WHEREAS, the City of Wichita Falls has heretofore ex- ecuted a promissory note dated September 30th, 1966 in the principal sum of $76, 800, payable to the order of the First- Wichita National Bank, which represented part of the sum loaned to the Board of Managers of the Wichita General Hos- pital to be used to purchase a nurse call system for said hospital; and, WHEREAS, such promissory note is due on September 30th, 1967, and the balance due as of its maturity date is $51, 200, and it is deemed advisable to make a new temporary loan from said bank for that amount in renewal and extension of the balance due; and, WHEREAS, on September 25th, 1967 the Board of Alder- men adopted Resolution No. 727 giving public notice that, at the meeting of October 9th, 1967 , an ordinance would be con- sidered authorizing such a temporary loan in the amount of $51, 200, in conformity with Section 100 of the Charter of the City of Wichita Falls . NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The City of Wichita Falls is authorized to make this temporary loan, and the Mayor or the City Manager is author- ized to execute a promissory note in the sum of $51, 200, pay- able to the order of the First-Wichita National Bank of Wichita Falls on September 30th, 1968, at an interest rate of 3 1/2 percent per annum. Said note shall be given to the bank in renewal and extension of the balance due on the above mentioned note dated September 30th, 1966. ee PASSED AND APPROVED this the o'JC-day of 1967 . /-1.0 A Y O R ATTEST: 110 City Clerk