HomeMy WebLinkAboutResolution 1968-008
RESOLUTION
68-8
RESOLUTION AUTHORIZI11G THE HIinOTL\TION OF A
lOAN'ilITH TIrE NORTHEAST NATIONAL BANK TO CO\mR
THE OOUGIAS LAJ:.,JE ItTATER. SYSTEM PROJECT
'NHEREAS, the governing body of the City of North Richl::md Hills,
T8xns, act.ing in regular session this Uth day of October, 1968, in and for
t.he City of North Richland Hills, COlillty of Tarrant, Texas, acting by and
through the Mayor and City C01illcil duly authorized to act, finds that there
is a need for securing a loan from the Northeast National Bllnk for the payment
of the installation of the Douglas Lane Water System Project, previously
authorized officially by the City Council, with construction bid properly
awarded.
THEREF'ORlt;, be it resolved that the Mayor of the City of North
Riehland Hills, is hereby authorized by the City C01illCil of the City of
'North Richland Hills to negotiate a loan with the Northeast National Bank
as fol101/lT8:
LOAN IN THE NAME OF:
BANK:
AMOUNT:
DATE:
PAYABLE:
INTEREST:
CITY OF NORTH HICHLAND HILLS
NORTHEAST NATIONAL BANK
$16,899.00
August 28, 1968
$h,229.00 plus interest on 10-1-69
BALANCE DUE: 4-15-70
FROM: DATE AT THE RATE OF 5% per allilUm
PASSED AND APPROVED by the City Council of the City of North
Richland Hills, Texas, with Councilmen present and Councilmen
voting yes and Councilmen voting no, this 14th day of October, 1968.
~;)~-~
MAYOR '"
CITY OF NORTH RICHLAND HILLS
ATTEST: