HomeMy WebLinkAbout0208_206200
RESOLUTION
A RESULUTION OF CITY COUNCIL OF THE CITY OF GEORGETOWN.
TEXASt AUTHORIZING AND DIRECTING THE CITY LWAGER OF SAID
CITY TO BORROW SUCH SUMS OF MONEY TO PAY BILLS FOR LABOR
AND IIATERIALS FOR IMPROVEJENT TO THE CITY WATER WORKS
SYSTEM THE SUMS BORROWED NOT TO EXCEED $7,000.00 AND
SAID YAtiAGER IS E1,TOV%TRPD TO , FOR THE CITY, ISSCTE NOTES
OR WARRANTS, NON-4IEGOTIABLE, EVIDENCING SUCH INDEBTED—
NESS, PUT NOT TO EXCEED ONE YEAR AFTER DATE, AND REAR n,G
INTEREST AT THE RATE OF 3% PFR CENT PER ANNTTT,
Resolution of the City Council of the City of Georgetown, Texas,
authorizing and directing the City Manager of said City to borrow such
612ns of money as may be necessary to pay bills for labor and materials
for improvements to the Water Works System. Payments to be made from
revenues of the City for the current year that have not been heretofore
appropriated to some other purpose, as same be collected and become
available.
Therefore= Be it resolved by the City Council of The City of Georgetown,
Texs.s;
That City Manager of this City is hereby empowered, authorized
and directed to borrow such sums of money to pay for labor and materials
as same become due for the improvement of Utility Systems of this City.,
That the said City Manager is hereby empowered to execute and,
deliver, in the name of and on behalf of the City notes or warrants,
evidencing the sum or sums so borrowed, same to become due at a date not
to exceed one year from date of the issuance thereof, and to bear interest
from date at the rate of 3% per cent per annum.
Passed and approved this the 8th day of May 1961.
C,Ae Forbes, 'Mayor City of Georgetown,
Texas,
Attests
City Clerk, City of Georgetown,
Texas.