HomeMy WebLinkAbout05-57 RESOLUTION�irs
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RBsoLDTICN 5-57
IESOLVED, that the Mayor and the City Clerk be and they are hereby
authorised to astute such promissory notes as may be required
payable to McIlroy hank and/or First National Bank of Fayetteville,
Arkansas, in the original total principal amount of not to exceed
$60,000.00 together with interest thereon at the rate of not to
exceed four (4%) per cent per annum and repayable in five (5) equal
annual installments of principal and interest for the purpose of bore -
Vowing from said banks the necessary funds with which to match
Fedebal funds now available for acquisition of adonal real estate
and for the construction of addition., and improvements at the
Fayetteville Municipal Airport.
Passed and approved this 10th day of Janae,1957.
APPROVED
3)
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ATTEST: f ROY 3CCMT, MAYOR
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GEORGE J. DAVIS, CITY CLERK