Resolution 2138 - Submit to a Vote - Water Dept Bonds11,2.80LV�10X M. 21-38 305,
A RESOLUTION FOR THE SUBMISSION TO THE QUALIFIED ELECTORS OF THE
CITY OF KALISPELL AT TRE GENERAL LONICIPAL ELECTION TO BE HELD
APRIL 41 1949 OF THE QUESTION OF ISSUING BONDS OF THE BONDS
OF THE CITY OF KALISPELL IN THE AMOUNT OF $64,69o.00 FOR THE
PURCHASE AND/OR INSTALLATION OF PUMPS, FIRE HYDRANTS PIPE
VALVES, FITTINGS AND OTHER MATERIAL FOR THE 2.1UNICIPAL9 WATEA
DEPAhTMENT OF KAL13PELL:
WHEREAS a petition has been filed with the City Clerk of
the City of kalispell on the 10th day of March signed by more
than 20% of the qualified electors ob Kalispell, praying for the
submission to the qualfied electors of Kalispel of the question
of borrowing money and issuing bonds of the City of Kalispell
in the amount of $64,690.00 for the purpose of �-urchasing
two new ��umps, moving steam turbine at the present springs or
water supply of the City of Kalispell municipal water system
purchase and installation of nine additi nal fire hydrants ' in
the business district of Kalispell, and the purchase of 15000
feet of pipe of various sizes, with necessary valves, fittings,
hydrants and other material to be used in the replacement on
Wyoming Street between Main Street and 5th Ave. West North.1n
Kalisp1l of the present water main with an eight -inch main and
in the enlargement, repair, replacement and improvemeral,
elsewhere in Kalispell of the miftnicipally owned water su�OjLy
and distribution system of Kalispell; the revenues derived and
to be derived by the 1,ity of Kalispellfrom the assessment and
collection of wateriates, charges rentals and assessments arising
out of the operation of such municipal water system, as such
ratm charges, rentals and assessments now are or F-s they may
be fixedfl�om time to time by contemplated or necessary increases
thereof, to be devoted, to the extenttnecessary, to the payment
and liquidation of principal and interest of such bonds and the
indebtedness secured therb7i
AND WHEREAS the City Clerk of the City of Kalispell has
examined said petition and has found it has a sliffieient number
of signers ualified to sign the same, and has attached thereto
his certificate and presented the same to the City Council of
Kalispell, all as provided by S�,ction 5278.7,RCM. 1935;
AND WHEREAS said petition has been found to be in proper
form and bears the signature of more then 20% of the qualified
electors of the City of Kallspell who are taxpayers upon pvoperty
within said city and whose name s 9 pear upon the last completed
assessmant roll for state and county taxes, as taxpayers within
said city, and said petiti-,)n is in all other respects sufficient,
under the provisions of Chapter 399 of the Revised Codes of
Montana, 1935, as amended;
AND WEREAS) a gneral municipal election of the City of
Kalispell has been cal ed as provided by law to be held on
Monday, April 41 1949, between the hours of A:00 A.M. and 6:00P.M.
of said day, and it is deemed and judged b-- the Council of the
City of Kispell advisable and fersible that the question of
the Issuance of water department bonds as above menti--)ned be
submitted to the qualified electors of the City of Kalispell,
as the term qualified electors is used and intended by the provisions
of the above mentioned chapter, atsaid general municipi election
so to be held on the day and date aforesaid;
NOW THEREFORE BE IT RESOLVED, by the City "ouncil of the City
of Kalispell, that there be submitted to the qualfied electors
of the City of Kalispell, who are taxpayers upon property within
said city and whose names appear on the last completed assessment
roll for state and county taxes, as taxpayers within said cityg
at the general city election to be held in Kalispell on April,
41 1949 between the hours of 8:00 A.M. and 6;00 P.M. of said
day the question of borrdwing money and issuing bonds of said city
in the amount of $64,690.00 for the ' purpose of purchasing and/or
installing two additional pumps and moving a steam turbine at
the (Ounicipal water supply, purchasing and installing nine
additional fire hydrants in the business section of Kalispell, the
purchase of 15000 feet pf pipe of variDus sizes witb valves,
hydrants, fittings and other necessary material for replacement
of the water main on West Wyoming Street and replacementt repair
or enlargement of the water distribution system elsewhere in
Kalisuell. all as heralrabnvp sAf fnrfli-
PE IT FURTHER RESOLVED that the revenues derived and to be
derived by the City of Kalispell from the assessment and
collection of water rats harges assessments and rentals
arising out of the operation of Ue Kalispell Municipal
Water Department and System,as the same now are or may
be hereafter fixed or set, shall to the extend necessary,
be devoted to the payment and liqu'dation of principal
and interest of such bonds and the indebtedness thereby
secured; and that said City of Kalispell, by and through its
Council, may if necessary to pay and liquidate the principal
and interest on such bonds and indebtedness, increase such
water rates, rentals, assessments and charges from time to
time, subject to the approval of the Public Service Commission
of Montana;
BE IT FURTHER RESOLVED, that such bonds shall be
either amortiaation or serial bonds, shall be paid through
a period of five years, and shall be redeemable at the option
of the �;ity Cquncil of Kalispell at any time before maturity,
if so recited in said bonds, and shall bear inter,st at
not to exceed 6% per annum;
BE IT FURTHER RESOLVED That the City Clerk of the
City of Kalispell is hereby authorized and directed to dve
the necessary notices of such election and of the submi'sslon
of such uestion to the qualified electors of the City df'
Kalispell and to prepare the necessary ballots therefor and
to do all other acts and things necessary for the accomplish -
merit of the purpos��s of thisTy-?solution.
Made and Passed by the City Council of the City
Council of the City of Kalispell and approved by the Mayor
this 15th day of March, 1949.
D. Q. CaMlr_o_n_
Mayor
ATTEST: Brewer
City Clerk
It C. H. Brewer, Clerk of the dity of Kalispell, do hereby
certify that the above resolution was ado . pLed by the Council
of said City at a meeting held this day of Match,
1949.
Mity Clerk of the City of Kallspel-1,Mon