09-05-72-Resolution-Borrowing money from First National of Sanger Bank-09/05/1972AUTHORIZES AND RATIFIES THE CITY ADMINISTRATOR
J SEBASTIAN AND MAYOR KEN CORNELL TO BORROW
FROM THE FIRST NATIONAL BANK OF SANGER
$20,000 COLLATERALIZED BY A CITY WARRANT
CITY OF SANG ER RESOLUTION
THE STATE OF TEXAS
COUNTY OF DENTON
THE CITY COUNCIL OF THE
f;'T TY C)T S;1VC;FR _ TEXAS
That the Council hereby resolves, authorizes and ratifies
the City Administrator, J. Sebastian and Mayor, Ken
Cornell to borrow from the First National Bank of Sanger,
Texas the sum of $20,000.00 collateralized by a City
Warrant of the City of Sanger And the City Administrator
J. Sebastian and Mayor Ken Cornell are hereby authorized
anA empowered to execute a note of $20,000 to the First
National Bank of Sanger, Texas in recognition of their
debt of $20,000 to said bank,
WITNESS THE EXECUTION AND P.DOPTION HEREOF, this 5th
day of September, 1972.
ATTEST:
n Cornell, Mayor
Dave Marr, Jr.,Seleretary
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