12. Resolution 4273 - Water System Revenue BondsRESOLUTION NO. 4273
RESOLUTION RELATING TO $1,060,000 WATER SYSTEM REVENUE
BONDS, SERIES 1996; AUTHORIZING THE ISSUANCE AND FIXING
THE TERMS AND CONDITIONS THEREOF AND CREATING SPECIAL
FUNDS AND ACCOUNTS AND PLEDGING CERTAIN REVENUES AS
SECURITY FOR SUCH BONDS AND ANY ADDITIONAL BONDS
BE IT RESOLVED by the City Council of the City of Kalispell, Montana, as follows:
Section 1. Definitions. Authorizations and Findinga.
1.01. Definitions. The terms defined in this Section 1.01 shall for all purposes of this
Resolution have the meanings herein specified, unless the context clearly otherwise requires:
Accountant shall mean a Person engaged in the practice of accounting as a certified public
accountant, whether or not employed by the City.
Act shall mean Montana Code Annotated, Title 7, Chapter 7, Parts 44 and 45, and
Sections 7-13-4304 through 7-13-4314, as heretofore and hereafter amended or supplemented.
Additional Bonds shall mean any Bonds issued pursuant to Section 6, excluding
Subordinate Obligations.
Bonds shall mean the Series 1996 Bonds and any Additional Bonds.
Bond Counsel shall mean any firm of nationally recognized bond counsel experienced in
matters relating to tax-exempt financing, selected by the City.
Register.
Bondholder shall mean the Person in whose name a Bond is registered in the Bond
Bond Register shall mean the register maintained by the Registrar pursuant to Section 5.
Business Day shall mean any day other than a Saturday, Sunday or other day on which
the Registrar is not open for business.
City shall mean the City of Kalispell, Montana, or its successors.
City Resolution shall mean a resolution, ordinance or other appropriate enactment by the
Council certified by the City Clerk of Council to have been duly adopted and to be in full force and
effect.
Code shall mean the Internal Revenue Code of 1986, as amended.
Construction Account shall mean the account created by Section 7.02.
Consultant shall mean a licensed, professional engineer duly qualified to practice in the
State of Montana or an Accountant, retained by the City and of favorable reputation.
Council shall mean the governing body of the City.
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-----PLEASE NOTE THIS RESOLUTION IS 41 PAGES. IF YOU WISH TO REVIEW IT, IT IS
AVAILABLE IN MY OFFICE. THANK YOU. DEBBIE