Resolution 0981 - Call for Bids - Refund BondsRESOLUTION NO. 081
RESOLUTION CALLIWO FOR BIDS for the purpose of selling Refund
bonds covering Special Improvement Districts :L56, 182, 196.
XMTHMEFOEE , IT IS TMPLEBY RESOLVED: That in accordance
with the authority so given to the City Council of the City 01, M-11-
ispell Fl_the).d County, Montana, the said City Council of the City
of K;,,lispell do issue either serial or as bonds in the
aggregate Bum of Five Thousand Five hundred Dollars ($5,500.00);
that in issuing said bonds, amortization bonds will be the first
choice and serial bonds the second choice; that if amortization
bonds are issued, said bonds rill be nwabered from one to eleven
illclusive, Or the Par value of five Hundred Dollars (500.00)
each, principal, and interest payable in forty equal amortized
semi-annui,l pLYlnents, duc on the 15th d-y of June and 15th day
of December in each year, the first 0,ayiflent being due December
1,5th, 1924, -nd the last being due June 1th, 1944; that
if serial bonds be issued said bonds Yvill be in the denomination
of Two Hund:r.,ed Seventy -Five Dollary ($275-00) numbered fromone
to twenty inclusive the rawiber, denomination, r,tnddate of maturity
of which �,re as follows, -to-wit:
Mv,,ber
Denoraination
Date of
Maturity
1
$27!.00
December
15th.
1924
2
$275100
December
15th.
1925
3
$275.00
December
15th.
1926
4
$275-00
December.
15th.
1927
5
iP275.00
December
15th.
1928
6
$275.00
December
15th..
1929
7
275-00
December
15th.
1930
8
$275-00
December
l5th.
1931
9
'�275 - 00
December
15th.
1932
10
$275-00
December
15th.
1933
11
$275-00
December
151,h.
1934
12
$275-00
December
15th,
1935
13
275-00
December
l5th.
1996
14
$275-00
December
15th.
1937
lm
$275.00
December
15th.
1938
16
$275.00
December
15th.
1939
17
$275-00
December
15th.
1940
llui�ber Denomination Date of IpTaturity
18 Decembei- 15th. 1941
19 $2715-00 December 15th. 1942
20 $275-00 December l5th. 1943
That said bonds whether amortizzition bonds or sera �_I bonds
shall bear interest at the r_�te of five per cent per annum,
paye,ble semi-unarjually, payz-,tble on the 15th stay of'Deeember and the
15th d,,y of June in each year and will 'be redeemable in full the
Ijth day of December, 1933, or at Uny interest payinL,, &cIte there-
after; that said bonds will bear the d,%tte of December 15th, 1923;
that such 'bonds shall be issued for the pur-,pose of re-ixTibursin�rZ the
property owners of the City of Kalispell for asue*=ients paid and
for the PUr011a$e Of all 0,.ItStLLnding warrants in Speoi�,Ll Improve)-.ilent
Districts Nos 1"6-182-196 which infere created foxu the purpose of ex-
tendin1-,- the Muin3 of the City of Kalispell, lfontana; that the
�
said notices for the sine of ouch bonds shall. be in full form, to -wit;
Passed April 28th, 1924.
Approved April 28th, 1924.
A. E. BoorrianMayor
ATD,'ST P. F. Holzknecht-. City Clerk.
State of Montana
County of Flat_iead S3.
City of Kwlispell
1, P. F. Holzknecht, Clerk of the, City of
Kalispell, Montana do hereby certify thot the foref-oin, is a
fu7.1, true and copy of u resolution 1),,ssed by the City
Council and. pp oared 'by the Mayor of t-he City of
Mont_na, on the St: d,,.f,y of Rpril, 1924.
I,Vit-nnso my h-_,nd tliis l8th d,,�y AIlril, 1924.
P. I liolzk4,at, City Clerk.