HomeMy WebLinkAboutResolution - 100339B - 60 Day Loan - Extending Sewer Lines & Water Mains, Garbage & Paving Services - 10/03/1939U 0'
RESOLUM :)N
BE IT RENEIM ", B, that at a Recess 8411 `_�r meeting
of the City Cormission of the City of Lubbock,, Lubbook ou n t.1,r 0 Texas ,
held in the City Hall, bn the day of October; , 1�9,
a quorum being present, upon _notion by Coc t,issi )riar Fortenberry ,
seconded by Commissioner the following
Resolution was duly passed.
vMR�AS, the City of Lubbock is now enjoying to rapid growth in
population and many new residences and homes are now being built
within the corporate limits of said City, requiring, the extension
of Seiler Lines and 'Tater Pains; and whereas, the City of Lubbock
is Ik'ving many new streetsand expending sums of money in marking
said streets; and, ';7hereas, the demand for addition garbage service
has been incresoed, all of xvinicb has entitled and roquired the
expenditure of substantial sures of money; and
=&1ER&1S, the City of Lubbock at the present tire is in great need
of $16,000.00 in cash to properly carry on the it provements nasied
above.
NOW, there' -fore, Be It iesolved by the City Conirission of the City of
Lubbock, Trym s, that C.E. Slaton, T- payor of said City, be and he is
hereby authorized and empowered to negotillte a 60 day loan for the
City of Lubbock, not to exceed 416,000.00 in cash, for the purpose
of making extension of sewer line,-, water mains, increasing the
arbage service and carrying; on the paving of streets, and the said
.E. Slaton, Layor, is further authori17ed and empowered to execute
time warrants to be payable out of current revenues to evidence and
secure the payment of said loan. Rate of interest not to exceed 4A.
Passed and approved by imous vote of the City/, C�irrission, this
the 3'"` day of , 1338.
Att s
City Secretary.