HomeMy WebLinkAbout1973-6AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF DENTON,
TEXAS, }{ELD IN THE MUNICIPAL BUILDING OF SAID CITY ON THE 2{TD
DAY OF ~ULY, A. D. 1973.
RESOLUTION
WHEREAS, on the 22nd day of June, 1971, by prior Resolution
of this Councll, the Mayor of said C~ty was auth-
orized to pledge the proceeds due the City of
Denton under Pavlng Assessment Program No. 6, and
the assessment for Unlversity Dr~ve West, and to
execute a promissory note for the total thereof
payable to the F~rst State Bank of Denton, Texas,
payable one year from the date of execution of
said note, at a rate of four (4%) per cent annual
interest; and
WHEREAS, payments have been made upon said note reducing
the balanoe thereon now due and payable at sa~d
banking institution; and
WHEREAS, ~t is determined that it ~s still ~n the best ~n-
retest of sa~d City that sa~d note previously exe-
cuted by the Mayor ~n behalf of sa~d City extend
the terms of said note for an additional one year
period, now therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS
That sald note previously executed and described
above be extended for an additional one year per~od
at four (4%) per cent annual ~nterest thereon; and
That B~ll Neu, Mayor of the C~ty of Denton is here-
by authorized to execute sa~d note and to pledge
said proceeds above described for the payment
thereof.
PASSED AND APPROVED this the 'Rr~ day of July, A. D. 1973.
B~LL N~U, MAYOR
CITY OF DENTON, TEXAS
ATTEST ·
ITY OF DENTON, TEXAS
AP~L?G~
FORM: