HomeMy WebLinkAboutResolution - 061037B - 60 Day Loan - Extending Sewer Lines & Water Mains, Garbage & Paving Services - 06/10/1937Ocnl037B
BE IT REMEMBERED, That at a regular meeting of the City
Commission of the City of Lubbock, Lubbock County, Texas, held in
the City Hall on the 10th day of June, 1937, a quorum being present,
upon motion of Com.-issioner Fortenberny and second by
Commissioner r.is , the following Resolution was
duly passed:
Whereas, the City of Lubbock is now enjoying a rapid
growth in population and many new residences and homes are now being
built within the corporate limits of said City, requiring the exten-
sion of sewer lines and water mains; and, whereas, the City of Lubbock
is paving many new streets and expending sums of money in marking
said streets; and, whereas, the demand for additional garbage service
has been increased, all of which has entailed and required the ex-
penditure of substantial sums of money; and
Whereas, the City of Lubbock at the present time is in
great need of 10,000.00 in cash to properly carry on the improve-
ments named above.
Now, therefore, Be it Resolved by the City Commission of
the City of Lubbock, that Ross Edwards, Mayor of said City, be and
he is hereby authorized and empowered to negotiate a 60 day loan for
the City of Lubbock, not to exceed $10,000.00 in cash, for the purpose
of making extension of sewer lines, water mains, increasing the gar-
bage service and carrying on the paving of streets, and the said Ross
Edwards, Mayor, is further authorized 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 4;0.
Passed and approved by 4unaous vote oaf the City Commission.
ATTM:
City Secretary