1171 RES COP IS IN PROCESS OF SELLING TX WATER DEVELOPMENT BOARD ETCRESOLUTION iv0„ 1171
WHEREASs the City of Paris9 Texas is in the process of se].Xing to the
Texas Water Development Board, Waterworks and Sewer System Junior Lien
Revenue Bonds, in the amount of $2, 300, 000. 00; and,
WHEREAS, Section 18 of Article 8280-9, of Vernon;s Annotated Texas
Statutes9 provides for said money to be kept in a Construction Fund; and?
WHEREAS9 the same shall be subject to withdrawal by the City for pay-
ment of costs incurred and to be incurred in the construction of its Water and
Sewer System, in accordance with plans and specifications therefor prepared
by the Consulting Engineers; and,
WHEREAS, it is necessary to designate the proper persons to sign and
countersign checks drawn on said Fund on The Liberty National Bank in Paris;
NOW, THERE~.i ORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY QF PARISg TEX.AS,
That the City Manager, H. C. Kennemer, is hereby authorized and directed to
sign any checks drawn on said Fund, and the Director of Finance, H. C.
Greene, is hereby authorized and directed to countersign any checks drawn on
said Fund for the purposes enumerated.
Passed and adopted this 24th day of Janua , A, D„, 1966.
Mayo r
ATTE:iT:
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City Clerk
APPROVED AS TOe ~,ORM: ,
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' City~Attorney 11.1
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