72-012RESOLUTION NO. 72-12
WHEREAS, the City of Southlake created a
promisory note payable to Exchange Bank
& Trust Company to pay for land and also
for the purchase of the 1971 patrol car;
And
WHEREAS, Exchange Bank & Trust Company
has submitted Note No. 98601 for payment
in the amount of $26,382.64 for principal
and interest due thereon;
Now
THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
SOUTHLAKE, TEXAS, THAT:
The Mayor be authorized and is hereby directed to make payment
on said note described above.
Such payment be made from funds in the Tax Account to be
transferred to the General Fund and a new note created in
the principal amount of $20,000.00, payable one year from
July 10, 1972.
PASSED AND APPROVED this 18th day of July, A. D. 1972.
Mayor
ATTEST:
City Secretary