Resolution 2160 A - Issues GO BondsI
,`�E:3015TION N'0. 2100
BE !T RESOLIW � by the City Gounc-11 of the City of Kalispell�
Montan-, as f"'Alows:
1, It in Araby found� determ',ned and de-,-,I-red that this
Comwil has herete-)"nre heon (luly nuthorized to Issue Genrrnl
Obligatlan Bonds of the City of Kalispell, lvlontarn in t1ne
principel nmount of $81,000,00 for the purnose of providIng
fuAs to purclip-se oquipment, repairs, relulacemont -,nd facilities
for the use of the Fire Depnrtment of Kalis�rell-; and the Council
has duly adverti-sed said bonds at public spile and all bicis
submitted pnrsuant to said published nntiee hf�vinr, rejected
for the best jntw�ests of mid C-Ity of Knlla�)Pll �,nd said bonds
having been sold at prim, te E--Alr to the Conrad National Pnnk
of Kallspelli Kalispell, NoWna, A 'we 1lar "lue thes'eof
,rAus a,,,.,cru(-).d �Interest to date of delivery, and be,,iring, 1-nterest
at the rat of 1%, one percent, per annum an 1,11 c�u�-,.ons maturing
.1�rom July T, 1949 to July 1, 3954, 9nd at the rate of 2%,, two
percent, per nnnum on all internst co-,.,,pons �riatu.-I.ng After July
1, 1954; cnd said sale ao r,--ade h,--,s fo-ond to be t�nd is to
the lost iinterests of said City of Montana, and all
acts, condi.ti-,)ns, and reqi.i-lred ��y the Corstit:,A1,c�)n slid
Laws of the Ante of' Montana to be doue, to exist, to hQppen and
to be performed precedent to the issuance delivery of said
Wands have been done, do -Ast have happaned and have been
performed in regular and alli" RPM, time ,�nd ranner as to requIred.
2. That said City of Kalispell, D,'on� aria shall, on or before
the first day of Doco�liber, 1949, or at any later d,,,�te at the
option of the said Conrad Nat! nal Bank of K�Jispeli-1 issile its
nagotiable coupon General Obligation Bonds in the ngprin,,tate prinicipa
sum of $F11000.001 or rny lesser arqoijnt that may be determined
adequate for the eccomplIshment of piirposes fo,,, which ssid
bonds re ls�-,ued. Said bc)nds shall be dated July 1� 1949 shall
be 90 (ninety) inymmber, and numbered from I (one) to (WInety)
Q0, inclusive, each in the amount of �$1000.00 except bonds numbered
9118,27,36,45,54,63,72,81, and 90 inclusIve, ljyhich shall be in
the amount of $100,00 eaphl beaWrF intere9t at the following
ratos: one percont (1%0 per rmnum on the conp=�,, naturing, from
July 19 1949 to July 1, 195%, two percent (2%,0 or tire coupons
r,.1.atur�ngafter July 1 and dnnU.c-,ry I Of PaCh YEI.,�T, and shall
Mature sprially in order of spri,;l ml,inbers, lo7,c,,---�st nombors first
in th.(? amount of $8100.00 on July Is 19150 and in the amount of
$8100.,00 on Jul,- I in each of the years 1050 to 1959,, inclusive, all
subject to rodempti,)n and preni.-�ymont at the wntior of the said
City of Kalispell, Mlontana ,,�,t any interest paying period, qt
par and accrued inter,,-!st up,,-�n notice of cnll for redempt:11.on
so spQn1find in the form of bond here I naf ter prescrlbcd. The
principal. of' and intor,st on sn1d bondF, shall be payable at the
offine of the said Conrad Bonk of in Kalispell,
Montana.
3. Said bonds PTA the intor-st to be att,,,cl-led �-,nd
the repistration certificate to be ladorsed thprc,,on shL,11 be in
substantially the follo",�inf� form.
No
City of Kalispell
County of' Flathead
stntc of Montana
T
,1nited St,,tea of Ponerica
General Dblj��at�on Bond
$1000.00 (51-)0.00)
333
E�',QV�' ALL 'BY "I'LLESS' Thv.-�t the City of 11aliap,oll,
in the gounty of Flpthend, State Of Mon�an_q, - -iuly
and existing municipal corporation, v,,rhosq post �,�ffice ad��',ess
is Kalispell, Montana, hereby ocknguledges itself indebted and
for value rentived rmomised to pay to beare.r tho r,��-mq on 01"TE
THOUSNAD DOLLANS (ONE YT3,NTDR!,) DDLL�011,5) �)n thp Ist Jay ,)f' July
or on a date prior thereto on Web. this bond shall have
been duly colled rede)uptlon, acd to p,,,-,y inter-st thor�-,..)n, from
the date hterof mAil spid prancip,,,�l sr- be pn�,d or mtj�
this bond has been duly called for rnd�mntion, at the rate of
One per -cent (1%) per annum dur-.' rig 'the perio � ' e.g.1 nring July
1 1949 and ending July 1, 19,14, and tat the rate of tAyo fercont
Q) per annam after said date of July 11 1954 until maturity
unless earlier duly a0led for rndemptlon, p,,.-,yable Januaryl,1950
and semi-annually thorenfter on the Ist d,,y �)f July �)nd. t��.e Ist
day of January of each year, interest to maturity or red -,option
being payable in accordnnce �,vith Mid u-on pros entat � )n nnd S�urrender
of the interest counons %ereto annexed r,s they
become due. Bohi principal and interest are pa�,rable, al� tile
office of the Conrad National Bank- -)f' Kalis�nelll 1-n Kaljs��ell�
Montana, in 1xvirul, mmey of t�e Urafted of 1�,merica.
For the prompt nnd full pa7ment of suc,.�b �,CT'incj,prii nnd intere.,,t
as the same respectivoly bpcom�� dup� the full faith, credit,
and taxtng pdavers ofs-,id CJty of KalaspeJ1, Moritpna are hereby
J,�rrevocably plodped.
This b-)rd Is one of nn iFsue in the� �'Agp.regate principal
amount of $611000.00 all of like date and tenor except as to
denomination and maturIty, Issued by sal City of Kalispell ?
Montana, under Futhority of an in full cam.T.,Iiance ir�ith Scctaons
52M1 to 5278-30 Inclusive, of the Revised Cod�!s of Montema
1,935, and all acts amwAatary thereof and supplementary t*,ierct-)
and is issued for the purpose of pra&AYE fumbs to purdnso
eyopmead, impairs, repincoment �wd Awil"ies for the nw, >f
the Fire Dep�:irtraent of Kalis-�,ell.
The bonds of this Wwy a-e eas',j, sia!,ject to redemption
and pre-"yswnt, nt ne option of said City, on any interest
paying date ,.fter lh.e `,ssuancc thereof, vt par and accrued
interest, upon cotice mn'll.r-d at Jpast tOrtydays prim to the
date snecified for redmMtim) to said Conrad Nat�r.)nal of
Kalicpell' Kallspell, hiontara.
IT TS HEREBY CERTIFIED AND PECTMI-ED that all ac',s, cotiditions
and th-1,�,n,.7,s re�.ir'Lred by the Conctitution and of ihs State
of Montana to be done, to exist, to happen and to be p(-,fform.ed
prec9dent to ond in the issuance of th-.)s lo'.lrd, in or�'07' to malke
it a Md. and binding 7eneral ubli�-,,qtion of s!�,_!d City accauding
to its termsi has been done, do exist, hc�ve hal,.),pennd and have
been performed in rnEulnr and due form, time r',nd innner ,�s so
required; thot a direct annurl tax 'ha lo-Je(l, an ,.!I the
tamble inoparty in said City WficAent to pay the Interest here—
on -�ihen it frlls fue �ndl also to pay and disOmrfe the lafnApal
hereof at maturity; and tl�,t the total lndebtrcnes��, of tj�e said
City of Kalispell, MoUans, including this not e�v.coed nnv
ConstJtutl)nnl or Statutory 1'1,nitat:�_on tbr�r�of.
TN WMHMF� the Cityff Kalis,,')ell, '��nn"',,ana, 'n the
C,.)unl,-y of Flathendl State of Uon!mna, has caused UYW bond to be
executed 'by its 11yar End City T-rc,,rsnrr,,r1 to 1""Y
its City Clark and the C,)rporate we"A" '�'f cz"'�i3 cil-y to be hereto
alfixed; Pnd the ntUchnd interest: tc� be ex'ecoted' dnd
�ent,"oz'ated, by the, sigrilures of 5WA officerq
and has owned this bond to l-,,e ns of JI)ly 1 7 1949.
(SEAL)
ATTEST:
----------
C i t �" 7 CC I O:nr 1V
CTTY OF KP�LISPELL� !'�ONTP�A.
_!�Y
Mayor
�i A 44
No $&00 01"00) W"50) (51.00,
on the dy of Janunry (July ), 19_, the City of halispe'll,
in the Cvnnt� of Flathead, StRW Of alll pay -�,o hearer
'�t t]se coril-ld Nnt' n��! Br-�,nk of,' -',-n Kailsnell, Yontana
the sim, of Five- nnd no/100 dollars (Teri nnd mo/100 1)ajjvj,$)�
(Only Fifty Cerits) We nrd no/00) lawful money of the, United
Ct,-,tes for Inter-st then due an its General Obligation Bnnd
dated July 1, 1949, radess evIrIlej- enlie(I for ,ad , omqj on.
City Clerk City Treasurer Bayer
STATE OF MONTANA )
) S S
COUNTY OF 1MATHQD)
I hereby en,tify that I b,�av�� th�-s 1-on(I in �'Iy
office in a book provided for thit �urpos�--, In thip manner
provldc�-' by ln-i�
Dated -t Uantsne' this 111�1 o-P
1-949
C ity Tieasmer
4. AND BE 1-T FUR71P,:,"�, fl, �c llfay�-)r t' he Ci �y
Treasurer, SW tte City Clerk of said City o Kn�ls-'Pll, 1,,�)nt--nn,
W PW Wy �ro hereby nuthvDL�ed r�nd, dire�(.,ted to ex�cute sajd
bonds and tha irtarnnt cou -ons &Vched thoreto in tho Manner
p,r.ovided, by law; -�nd tn"e Intel—,"z't cou�-ons Shall e�cr-I)tc'd
Lnd 2ut4votibatcl bj tho facsPHIc sQrctures of H of Cicers;
,'�rd wh(
— -,n so cx-,.ntes� t'he sa""-o be re�,,istered by the
City Treasurar as provided by Pro; and My= so execute! vdO
nyristerpd Enid bonds shmil he i4ivenA to saiJ jmrOwser iyon
payment of the urelmse InWe ngj�e.�-'.d u-pon rd saL�
purchn,se " i,
r s I -� 11. P o t e, re I'l -"" 7' n' 0, �' o S,,,% o t o t !-- c, pi, �n,, I ctl 1, -", o n
or sold pumAusq prim, beyo& pqwent the.reo'�' Cj.ty of
KaMsqoU, Tmtana.
by tj'�O' City comwil Of the �-it;y of end apz,�roved
by it this 2Yth day A Anpustl 1j?49.
F� F. Keller
Mayor
ATTEST: Q 14 Erever
City Clerk
1� C. E� Pr��, ar, Clerk of the City of �Iu horeby ce'rtlfy
th'-t 'he "'hove, wo�s, ndoptnd by �-he Cmuic�!I of s.,ato. City
- t a m `�
r-�etlng held' th-S �q�r
j t �yC I e -f--7t—h 077-1 —t�7 ITont