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<br />) (\ .c\ <br />"U' "- <br />, k-" <br /> <br />WEDNESDAY <br /> <br />MAY 22. 1968 <br /> <br />Wrl~REAS, the sale of the City's $3,900,000 General Improvement Bonds, <br />scheduled for May 23, 1968, has been postponed by action of MELrtins- <br />ville City Council under date of May 22, 1968; and <br /> <br />WHEREAS, anticipated income of the City of M~rtinsville will not be <br />sufficient to meet the City's operating expenses and contractural <br />obligations during the remainder of its fiscal year, which ends <br />June 30, 1968; now, therefore, <br /> <br />BE IT RESOLVED by the Council of the City of Martinsville, Virginia, <br />in special and duly-called meeting this twenty-second day of May, 1968, <br />that F. T. Renick, M.Dl., Mayor, and W. H. Yeaman, Clerk of Council and <br />Director of Finance, be--and are hereby--authorized and directed to <br />borrow from local banks~ for account of the City of Martinsville, a sum <br />not to exceed (in total) $400,000.00, said sum to be due and payable on <br />Jllne 30, 1968, which sum is in addition to that authorized by resolution <br />adopted April 23, 1968. <br /> <br />Council was adjourned. <br /> <br />'2.~;- . . <br />W. H. ~~.' Clerk of Council <br />