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CITY ~ H~
<br />RffitHri1TI(~ N©.~ 3.-
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<br />RHSt)LUTIE~T ES'PBt~ID339PC~ IttTtgil2Y S9A2E t~P' THB P'I2CH
<br />Rt~AH 3ID~1~ AH'PIC]3'ATI13~1 FRalt aC2ft 31,
<br />1958 20 AFRIL ,~, 1959, J11~I3 ]3lT.~ ~ StiCY.
<br />~, the City has herst4fcacre issued its Moto in the a~umt of
<br />~30,8b0.v0 to The I~atioaa]. City Banjc bearing interest at the rate of
<br />and h Rote matures Qctober 3l, 1958, and
<br />t1~3, it is deed aeoessary to estsmd the aatvz~ity date of said
<br />rte to ~rril 3os 1959, amp nhieh eo~temasiaa xilt proiide !er the saro interest
<br />rate as the origixal obligati®a, na~rol~ and fvrthaar e®a~titieasi mat all
<br />aoQraod iatsrest atie 0oteber 31, 1,958 be paid in fti7.]. seat iuterest ascrai~tg
<br />actor ©ateber 31, 195$ be paid oa a gaarturl~- basis sa+d that all ot~ac oemdi.-
<br />tions as to tho original pt~ncahase by The Hatisaal City Hack et said sots, be
<br />re-affirmed,
<br />3Tt.~1, T'C4~6, BS IT R by the C©w~it of the City of DTaarth
<br />03asted, County of C~rah®ga sad State of trios
<br />3ecrt is That the one year bond antisipatioa ao~te hold bsr the
<br />Hatioaal in the ta~ae arwvmt of #~,BE~ due 4atebsr 31, ].$ be
<br />and 3.s hereby ~atended to suture llpril 30, 1959, with the aau am~aal interest
<br />rate of as the arig3aaa7. obltgatioa sued the proceeds of shish not~o xsrs
<br />need for the i~provsirat of Fitch ittrad 'bg the imsta3.1st3Aa of a a3dsxa3Jc
<br />therein and that the taus of the ~igimal psrchass After sum lapr ~ Yst1®aa].
<br />City Hank aatliaed 3n their larttor dates C'!et©ber ?, 195? ~ be Qeati~r~i to
<br />reoas3a is effect t~til said note is paid, aaad t~a`rttssr, cleat all aoenrsi iatarest
<br />due Eactober 31, 1958 be paid is full a~ 3.ntsrest thereafter aecraing be paid
<br />on a quarterly basis wail the priac:ipal sma is paid„
<br />Seeti~ 2: That the Clerk be sad is hereby aoathorisod to fwrmish
<br />the Natioma'l~fty ~Batsic as attested copy of this resolntioa.
<br />~~ That this 8esolatiea is hereby determined to be an
<br />emergeaoy msasmre nssossery for the ismradiate preser,ratiea of tba public
<br />sre3Sare of the City of North 03asted and sash asrgemay esl.sts by v.Lrtv~s
<br />of the e~iratiom date of the original one year aatisipaties note se3ai to
<br />The Hatioaal. City Hank f©r the isprc~veasat of the Fi.tab Beaei 33.dwalk in
<br />the rimatipal saerost ®! ;3A,86E~.A0 and that said auto havi~ eaterod end
<br />tl~e ~ity mot yet being im tho p®sit3.oa to pay said mote, it is detect
<br />that the e~ctaasi®n of said obligati©m to lipril 30, 3,959, is for the benefit
<br />of said City.
<br />Sectiem : iiberef ore, this rea©lz~tioa shall taicia iaaoediato effect
<br />frrmt end s passage, othereise, at the earliest period allc~ed b'Y lax.
<br />PASS80s ~` ~ y 1958
<br />gTTEST s y
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