HomeMy WebLinkAboutResolution - 071449B - CNB Authorized To Charge 1% Interest On City's Average Monthly Overdraft - 07_14_1949 RESOLUTION
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT the Citizens National Bank of Lubbock, Texas, Depository
for the City of Lubbock, is hereby authorized to charge one (1%) percen
interest on the Cityts average monthly overdraft up to $100,000,,00,
such overdrafts, if any, to be repaid out of 'current tax funds for
the year 1949.
Passed and approved by unanimous vote of the City Commission
this 14 day of rJ 47 , 1949,
Mayor
ATTEST:
C y Secre a
Cony given
City -uditor
& Cit z.Nat '1.
Bank.