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<br />J'. 1~'~SC1.I;l:O:; ,:'r;'_'Fr1~,I.'T.:r; '.l.'7;.;, GTI'Y (Y!i' Li~ :'O!LTJ~, ':'l.:..~i~:) 'w~nR.no. ";5,000.00 ~y
<br />~L'::.~':; I.:i~;T,';, c.:u; eF' r:c,:) ~PECIJ~L :tL:t,T''::I.;TJL: rU!~!.:(llt ':'n:: Y~;.'\l{ 1950.
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<br />. ...~"!;t:lI.S, it has oeel'! .M3de Imo~:n to the Ci t~r COl!l!llission of ~."n r::Uy
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<br />of .wa ::.lorte, '..i.'el,} s, tl;,'t Gertdn ei;-ht inch (lJll) y,'at-or pipp. T1i.',ht possibl;\'
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<br />be made ~vailable by
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<br />Vance Turner
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<br />_ _____~ _ ., a
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<br />pri1rptp. source Oj~ s'Jpoly Pl'!O P.t ., orice per :UnoDl foot sl1hstcll1tiDlly J.o'::er
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<br />'::'h::m '(,rc lJ5l,;al market price;
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<br />'. ..:.'i:.,,~ !R....S, it is anticipated by said. Corn.:nission that tt~ :~it.~T '.'':).11
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<br />neea. such '~)ipe from tiJl1e to time dnrin:" j.ts cllrrel'!t iT'Jprovemerc.t prOrrflu ,:1nd
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<br />thHt YJUrC~lases fro,n 8.lch SOll:'ce ,";ill represent a sulJstsntiEol sc?YJ..n"'s to the
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<br />'~it;r :Jr'ovided 3~j(':'1 purchases can be nade froM til1e to time ""ith;.1 t"i' Ee;~t
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<br />sixt:r (60) da:,'s;
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<br />said Cit~.... Go:.nni.ssion on the 12th da~,r of Jann.?r~r, 19:;0,
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<br />authorized t:le [>nrch.;se oj:' sllch pipe in (lua")tities not to exceed ('Ine :"'11 11lScro
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<br />:i:,oll.?rs (::1, 000.00) :~'o!' C1ny inoivid.u<:'l )urc~lf'se ~')rovided funds '.fF're c:.",nil;;:Jle;
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<br />.,F....:..r,.~"'s, it has ~ecome necessar~: to !J,',kF.l the ir.~~ti!:'l )urch~se of 3uch
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<br />pipe ir. oreer to ~)reserve the source of titlp~ly'for.the nc;;:t sb:t~, (60) days <,no
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<br />fun,ls ere no.. 8.vailable for suc:t init:.ill )urchase er.d probeblr ,..ill not be
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<br />available ci.urin~~ the neAt sixty (60) da;.:'s c..."1~ it ~.'ould be to t:le :::'iD;>nci:,l
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<br />ecv.sr.tC'~~e of t'le uity to bor!'oi.: funds in thG f.iTll:lunt of Fiye '.l.'homwnd Dollars
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<br />(~':5,UGO.OO) to -Lie set aside for such i~urchases ~nd such amount is consister..t
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<br />i.ith the anticip.sted receipt 01 funds sufficient t.o retire such indebtedness
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<br />l'i:l.t!11n the budget ~7ear; and,
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<br />';Y~~~~A.S, the First hational ?a.nk of L8. l.'orte, 'rexas, h~3 (:xarrin~C::
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<br />the financial status of the 'Sity' c:!1rl'-is, willi.nl! to make a lo;-.n of such ["Jount
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<br />"rc. ir. c;c~ordc>nce lvith the provisions hereinafter :3et'-.fprthj
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<br />NOV" TF.;;:ftR7OFL~, j::L 1'1' R1!;SOLV~j bj' th,;! City COIDr'lission 0:' the C:!.ty of
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<br />LC1 ?ortc, Texas, that the Ci t~' Clerk l~e Allt:1oriz~d to issue -;:'he ;~e~ot:h:ble l"ote
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<br />of ';:'he Cit~r to be designated "S~)ecial Revenu.e Hote for t:1C ::3n(1.....et YPr'!' 19r,01l j
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