04-07-1970-Resolution-First National Bank of Sanger Loan for Truck-04/07/1970First National Bank of Sanger Loan for Truck
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Sfil' i%AS+ The First National Bank of Sar►ger is t%c of f ieial
drepository of the City of Sanger+ Texas; anti
• vl{C}IEAS+ the said First t"ational hank of Sanger is iri the
business of loaning funds for interest; and
%)Ji tt,e First National hank of ianger has expresseda
funds to purchaseri.es ire to loan the City of :Sanger necessary
refuse collection truck comjJete with collection body; and
a►tt :t;:llS+ such funds will carry ssimple interest at tie rate
of six (6) per centum per amium;
NO%A IDE IT ijt soLVED by the City Council of the
said City of Sangerr `texas+ that the First -N atianul BanU of tianger
is hereby rauthori7eci to loan funds as citcy be r►Lscessary for the
purchase of saidtrack+ and ekafzr`•,e interest at the rate of six
(6) per centum per annum until maturity.
PAsSl;S AND AI'II0.0Y. U by the City Council of tine City of
Sanger this the me_ day ofAp,ri1+ 19700
Mayor
City Secretary