1415 ORD RECOGNIZING EXISTING OBLIGATION OF COPORDINANCE N0. 1415 0
AN URDTNANCE RECQGNIZING THE EXISTING OBLIGATIUN OF THE CITY OF
PARIS, JOINTLY WITH THE CIVIL AERONAUTICS ADrdINISTRATION OF THE GOVERNMENT
GF THE UNITED STATE5, FOR THE ERECTION CF AN AIR TERMINAL BUILDING AT GOX
FIELD AND THE FACILITIES IN CONNECTION THEREVYITH, AND DIRECTING THAT NOTICE
BE GIVEN THAT TIME WARRANTS BE ISSUEll IN THE AMOUNT OF $40,000.00.
WHEt-~EAS, the City Council of the City of Paris has heretofore en-
tered into a contract with the Civil Aeronautics administration, whereby
the City of Paris and the Civil Heronautics Administration agree to erect
at Cox Field a Termina.l Building and certain entrance roads, water, sewer,
auto parking, apron lighting, turfing, and fencing, all knotm as Project
iio. 9-41-149-570~; and,
WHEREAS2 the Ci-ty of Paris and the Civil Aeronautics Administration
of the United States of America have heretofore entered into a contract with
M. D. Niisso for the construction of an air terminal building and the entrance
road and other terminal facilities; andi
WHEREAS$ the construction of same is necessary for the best interests
of the City of Paris; and,
WHEREASp it is necessary that time warrants be issued by said City
of Paris, in the amount of $40,000.00, in payment of and for a portion of
its proportionate part of the contract price for the construction of said
air terminal building and facilities incident thereto; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS:
That the Acting City Clerk be, and he is hereby directed to publish
the notice of intention of the City of Paris to issue $402000.00 in time
warrantst same to be issued on September 3, 1957, with a maximum maturity
date of ten (10) years from the date of issuance and at an interest rate not
to exceed four per cent (4;5) per annum, and that said notice be published in
the Paris News as required by Article 2368 of the Revised Civil Statutes of
Texas,
Passed and adopted, this the 14th day of August, Ao D., 1957,
ATTEST:
,
Acting City Clerk
APPKOVED AS TO FORNi.
City Attorney.
.r:=....-..
Mayor