1122 RES BEEN CALLED TO ATTENTION OF CITY COUNCIL THAT ALL BONDS AND INTEREST PAYMENTS DUE UPON SEWER BOND SERIES 1934 ETCRESOLUTION NO. 1122
WHEREAS, it has been called to the attention of the City
Council of the City of Paris, Texas, that all of the bonds and
interest paymentsdue upon Sewer Bond, Series 1934, and Sewer
Bond, Series 1936, have been fully satisfied and paid off; and,
WHEREAS, there is a balance in each of the respective funds
at this time, and there is being allocated from each month's tax
payments additional amounts to the respective funds, which will
continue until June 30, 1965; and,
WHEREAS, the City Council of the City of Paris believes
that it is to the benefit of the City of Paris to transfer the
present balances of theaf oresaid funds, together with any future
allocationsa until on and after June 30, 1965, to the Time
Warrant Account, Series 1957, to the Sinking Fund thereof, for
the purpose of retiring said time warrants; NOW, THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PARIS,
TEXAS, That the Director of Finance, H. C. Greene, be, and he is
hereby authorized and directed to transfer any balances that
exist at this time or that will exist on and prior to June 30,
1965, in Sewer Bond, Series 1934, and Sewer Bond, Series 1936,
Accounts, to Time Warrant Account, 1957 Series, in the Sinking
Fund thereof, to retire said time warrants. The said H. C.
Greene is further authorized and directeda as soon as there is
sufficient funds in the Time Warrant Account, Series 1957, to
retire all of said warrants, and that he proceed to pay off and
retire said warrants, when and if said funds are available.
Passed and adopted this 8th day of Februarya A.D., 1965.
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Mayor
ATTEST :
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- City Clerk
APPROVED AS TO FORM:
City Attorn .