Resolution 2142 - GO Bonds - Fire Dept64_0A
0SOUTION NO. 202
A B35CIE11CU W C"I'21i G,.1_U_Ci11 or "Arl, Ciil C-11 1`20VITDE�G
FUt TS ITIW0� UF OBILIG�'ITICN DUT2 CF TIE CITY CF EC:�Tiul!'..,
Ili �11? Wulm OF EIMITY ONE 5511010 LAD ro/m, FUrR,
PURIW CT PURSSIra wylplaq =ALW, UWJJ,�,G,_,'IZT�T ,'J�D
LW;�� 0111 FD�11' Di_11,__,1'__1'11X'.'',_,T (_�,F IUL!U�1:11.1,L
WITUAS, The CUT Cu-r-rol-I cf '�,ho Ciby of Kalis; 011, Montana has
detc,nl;dno�� enc'� foz.,_n6i tht as a rasuR cf 1;�-�o Cit�� Bond hold in and
for said City cn April 4, 1945 to vote 11��or -Uie ouestion of issuI.-riO, bonds as
a general obligation of the City of Kaliapoll, Montina in the sum of Eighty
Coo Thousand and No/100 Dollars for the purleve of Purchasing
e(.- Ill.-, zle-,lt, repairs, replacancnt and facilitlys for So =o of the Fire Depart—
ment of Kaliqaellll, it hqs boon ann"horized najori,-y cf riorc �nnn of
the qualified, roaistored electors of said City mititlau '_o vcte on such
sition, to issue ouch lxmdo few the puxDoso aforesaid:
hCh THEAW(RE, be it Resolved : nd. Ordained by the Ci1--,y Ccuncl.l of t"ne
City of WOW!, Eontana:
1. That We City of Kalispell, Mwitana do iasue bon.du, as he ganeral
obligUion of the City of Kalispell, Montan,�,-, In -,Iao ario-�:.nt of _igohty One Thousand
W no/100 Dollars (Q1,000.00) for the jmryose uf yuxchasinS equInaent, repairs,
facili3jes 07 the use of the fire 2� � of ana.
L bcn u
2. !Whe bm& or bonds Q be issuec' l'o-rc;under shall bu in the principal
m,,�.o�ant of �:��81,0f.;O.00, slall be d2ted Septenber .1 19/�,,, sn,,all boar 1,riboroat �_,t
* rate not az:coeding six per centam (61) shall loe joymble through
* period of ton (10) fro.,n _-_ncl, ,ftc-.,,,r dnto of _i,sauc.
2% Such bmd or bonAs so iavued harounder shall be arnitisation bonds
or aerial bonds; preforence shall be amortization bor�ds; if amortization bonds
are issued, thn entire issue may be put inso one (1) sinolo bond or divided into
roec;ral boidN a,�, W pineWpor on, Wicato in his bid and as the City Wuncil
may determine upon at the time of -,hc, oalo; if sovial bonds are iusucd and sold
they will be eigldy (60) in nnuaber, sevcnty—nine of �Ailcli shv-,111 bo, `Ln llae
anount, of One Thou�sand caid jao/100 dollars eaoh 01,00G.W), Lnd one of Wish
shall be in bho ammint of Two Thcuon-P& vnd no/100 dollars Q2,000.00); the 91nn
of Ei��,ht Th,�,ausand and no/100 dollars (08200000) of said serial bonds will be—
conje duo payable on tis first da-,y, I J ly 1,-),,o '
�� Of 11 '5 ar&� n, liLe eziount On ��ne Same
day each yetw thereafter until all of such bonds aia,o the last
instulhuent uill be in thu amount of We Thcumno. c-nd no/10() dcllarn (09,000.00).
/,,,. TIVa"i-, 'Jilayor an? UP Troasuror A Go Coy of KojqmU, Hmkm__,
are harcly authorized and directed to aign said bond or bonas and, ��ho couy)cna
atbarhsQ thereto and to affix the corporate sonl of Ado City thorcto, nnd thho
said bonds sna-0- be attoa��ed,, b-', "'lae Clorl,� wlietlis-_L, such bords arc issued a*
amortization bomis or aerial bcndo, Drovidod, honovar, that 10h.agranhic or en—
groxed facsimilos c)f ��_o of 00 war, Asamwer u& city clorli mqr be
affixod to the co���ons in place of their signatures, when ouch fact is so recited
in the bond.
5. Th�,�,t, th.Lis Csi)jjcj1_ meet at the City Hall in Kalispcdl, Montami, on
the 1,1tf da,';- of A.D., 1949, at 8:00 o'clock FJI. of said day Edr Q,
puu.-� nse of receiving, and considering the bidc, on, 'k.-,bo sa,�_d batds.
6. ThLt, low Cit,,� Clerk of tids Cit; is hereby authorizod Lnd direcLud
to QvB notice uf the sale of the ouid bandu in tho form herainaftir proscribed
and Wat said notice shall be published in Vie Da",ly Inter a of
gonoral circulaticu, jointed =6 p0lished at Kali s .�pell, Flathc,,,d
for a period of not less than four (4) succoosiva imcks irmadimely preceding the
date set for the sale of the said bonds; the form of notice of the sala WWI be
as follows:
OF SAL�,' CU Cl�)` ECTMS
Notice is horeb, givuu by the City Conacil of he City of Kalispell,
1,.,on-t,.-un,c_ �,,hat tile said Oculcil will, an Uw 15th dry of August, 194',
Et the hour of 8:00 o'clock P.M. at its Council 01mr1ura inthe C -y
i�,
of Kalinpalls Hantamil sell to Was highast and best biddor for cash,
a0her amortimWen or scrful barns of thu said Gitj in So total
an�oim'�' of El.:;hty one Thouann! an! ncVICO Dollars (081,000.00) for the
puryose of purchasinC equ.J��Yaent, rop,,,,irs, '�nd f"ac".1it-i.cs
for tho use of the FQo Dopartncnt of Kalisoull.
Amortization bonds will be tin first choice and serial bonds will be
the second choice of the Ocuncil.
If annrldzation bonds are sold and issued U,---e entire issuze -Lma,�� be -
pot into one (1) vinSle bond or divided into several bonds, as the
Council upon at bhe thin of sale, both princilal and
interest to be -aynbla in somi-nnnual instalimcYts during a period
of "O'IL (10) years from tlsi 1.'�te of lsau-o.
If serial bonds arc issued and sold they will be eighty (30) in number,
2eventy-nine NT) of which sWill be in Lho anamuit of Une Thousand and
no/100 dollaro (11,000.00) each, and one of vAich shall be in the mwmt
of Two Thousand and no/100 dollars (I " 2- 000.00); the sum of eight
Thousand and no/100 dollars (08,000,001 c'f -aid �3erlal bon-2 will -bo-
Corte dve ay�d on the first WY of July 1§50 and a like amount
on bhe same my each yeLr Pureafter until all of SUCh bcnds are juid,
excq�t th':'t Jast instalknen-'�, be in ulao, ari�)jmt of hTine Tholwi-
Ualk end no/13C Dollars Q9,000.00).
The said bonds, �,-hothor aiiortizaticn �-.,r serial boncls, ��ill bonx dato
of septamber 1 Qzq, will bear inturent at a rate not exceeding sA
W ainns
per CAI (90 P � �irl, PaYble on the first day of
Jcmimry aW t1m first day of july in each year, and will be redeemable
at U",o option of said City Of Kalioall five (5) yuars fran she dnte
of iscre and on any interoot poryin,,,,, Iato, t0reafter.
Said bonds will be sold for not loss Lhan their par Wme vith accrued
interest to lite of delivery and all bidders mist state the loveot
rate of interest at WhIcL thay will.. purclvaze -the bonds at par. The
Council reserves Lim right to reject any and all bid,- ancl, to sell said
bonds at private sale.
2,11 bids othoa.- tl-nua by or on bolialf of the State Bcard of Land Coin�i,,jss-
ionero of the State of Mwk=. must be accoin-,panied lq� a ccrtified check -
in the sum of ]"u-"ig1rity One Huaidred and no/.1(')0 Dollars, ('i8l00.(-)0), payable
to t1m order of tin City Clerk, which will be forfeited by the success-
fu-1 bic1dor in tho event he sho'll fail Or r(--'�-Vuso to co.-'�ple'tc the purchase
of onid bonds in accordance uith the torus of his bid.
All bids shall be addressed to the Conaacil of tho Cit �- of Kalispell,
Montana, and delivered to the Clark of snid CibY
ATTEST:
City clerh
Mayor of the City of Kalispell
7. That at least fifteen (15) days before the dato fixed for -the sale
of ouch bonds, the City Clerk shall send a copy of ouch Dublished notice of sale
of bonds to the Secretary of the State Board of Land of t1a State
of Montana, an(I shall there-o1wm funnioh to the auld. -ecro'bary a tnan,,,cr-,!�)t cf the
proceedings had for &A issuaiwe of such bonds, and ancla other info...',nicbion relatin
thereto as the secretary n;qfind necessary.
Passed 1�,7- the City Coni-icil and ap�)roved by �he Hayer ',his 15�h day of
April, 19/41S,
D . S . cnmoron
1'��ycr
AREA: C. H. Brower
City Clerh
1, 0. E. Drev-er, Claim,, of the CHI of KalWall, do hereby certify that the
above resolution ims adopted tll,:,� Cciumcil of oaj.d at -,. ncc�ing held
-this 156h da�, of
fm or Ti P 7 n T 17 177 ol ValisDall. Hontana