HomeMy WebLinkAboutResolution - 092337B - 6 Month Loan - Extending Sewer Lines & Water Mains, Garbage & Paving Services - 09/23/1937 OqZ331f5
RESOLUT ION
BE IT RIMEMBERED, that at a regular meeting of the City
Commission of the City of Lubbock, Lubbock County, Texas, held in
the City Hall on the 23rd day of September, 1937 , a quorum being-
present, upon motion of Commissioner Richardson and seconded by
Commissioner rortenberry the following Resolution was duly
passed:
Zereas , 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
"Jereas, the City of Lubbock at the present time is in great
need of �10,000.00 in cash to properly carry on the improvements
named above.
Novi, therefore, Be it Resolved by the Oity commission of the City
of Lubbock, that Ross Edwards, Mayor of said City, be and he is hereby
authorized and empowered to negotiate a six (6 ) months loan for the
City of Lubbock, not to exceed 410,000.00 in cash, for the purpose of
making extension of sewer lines, water mains, increasing the garbage
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 unanimous vote f e Ci t ommission.
,ZA 0
Att s
f
City Secretary.