Resolution 0981 - Call for Bids - Refund BondsRESOLUTION NO. 081
RESOLUTION CALLIWO FOR BIDS for the purpose of selling Refund
bond2 covering Special Improvement Districts :L56, 182, 196.
XMTHM�EFOEE , 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 amortization bonds in the
aggregate Bum of Five Thousand Five hundred Dollars ($5,500.00);
tW,t in issuing said bonds, amortization bonds will be the first
choice and serial bonds the second choice; that if amortization
bondo are issued, sodid bonds rill be nwabered from one to eleven
illclusive, Or the Par value of' five Hundred Dollars (�500.00)
each, principL,,l and interest jxayable in forty equal amortized
semi-annui,l pL�Ylnents, duc on the 15th d-y of June and 15th duy
of December in each year, the Jirst �0,ayiflent being due December
l5th, 1924, -nd the last being due June 1�th, 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, �,�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
l5th.
1925
3
$275.00
December
15th.
1926
4
$275-00
December
15th.
1927
5
iJ275 - 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
l5th.
1932
10
$275-00
December
15th.
1933
11
$275-00
December
151,h.
1934
12
$275-00
December
15th.
1935
13
J��275-00
December
l5th.
1996
14
$275-00
December
15th.
1937
$275-00
December
15th.
1938
16
$275.00
December
15th.
1939
17
$275-00
December
15th.
1940
llui�-iber Denomination Date of IpTaturity
18 Decembei- 15th. 1941
19 $2715-00 December 15th. 1942
20 $275-00 December l5th. 1943
That said bonds whether amortizzition bonds or seri��,_I boncls
shall bear interest at the r�_�,te of five per cent per annum,
paye,ble semi-un�rjually, pay,�.-,tble on the 15th doy of'Deeember and the
15th d,�,y of June in each year and will 'be redeemable in full the
I�th day of'December, 1933, or at Uny interest payinL,, &cIte there-
after; that said bonds will bear the d,%tte of December 15th, 1,923;
that such 'bonds shall be issued for the pur-,pose of re-i�,Tibursin�rZ the
property owners of the City of MA,lispell for asue*=ients paid and
for the PUr011a$e Of all 0,.ItStLLnding warrants in Speoi�,Ll Improve)-.ilent
Districts Nos 1"6-182-196 which infere cre�.ited fo�u the purpose of ex-
tendin-,- the M��in�3 of the City of Kalispell, lfontana; that the
1�
said notices for the sule of ouch bonds shall. be in full form, to -wit;
Passed April 28th, 1924.
Approved April 28th, 1924.
A. E. Boorrian� Mayor
ATD,'ST P. F. Holzknecht-. City Clerk.
State of Montana
County of Flat_iead S3.
City of K�Llispell
1, P. F. Holzknecht, Clerk of the, City of
Kalispell, Montana do hereby certify thot the foref-oin, is a
ful.1, true and copy of u resolution 1)�,ssed by the City
Council and. _�,pproved 'by the Mayor of t-he City of
Mont_na, on the Sth d,,�,,y of Rpril, 1924.
I,Vit-nnso my h-_,nd tliis l8th d,,�y A�Ilril, 1924.
P. I liolzk4,at, City Clerk.