Resolution 2375 - Election - Issue Water Revenue BondsRESOLUTION NO. 2375
A RESOLUTION CALLING FOR AN ELECTION 10 BE HELD AT THE GENERAL MUNICIPAL ELECTION
ON APRIL 6, 1959, TO SUBMIT TO WE QUALIFIED VOTERS OF THE CITY OF KALISPELL,
MONTANA, THE QUESTION' OF ISSUING REVENUE BONDS OF THE MUNICIPAL WATER DEPARTMENT
FOR IMPROVEMENTS THERETO.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONT'ANA:
1. The City Council does hereby find, determine and declare; that it is essential.
to the health, safety and welfare of the City of Kalispell, and its Inhabitants,
that protective covers be installed on the City0s two water storage reservoirs,
as required by the State Board of llealth; that additional, funds be provided to
continue the replacement of obsolete distribution mains and for the construction
of a new storage warehouse and shop for the municipal water department; that the
estimated cost of these improvements is $100,000.00 to be paid for by the Issugnee
and sale of Revenue Bonds In conformity with the Session Laws of Montana of 1951,
Chapter 14.5; that the income and revenues from the operation of the Municipal
Water Department are sufficient to pay and discharge all costs of operation,
repalrs, and maintenance of said system, plus reasonable depreciation reserve,
and sinking funds sufficient to meet all payments of principal and interest on the
Revenue Bonds which may be so authorized, Issued and sold, as such principal and
interest become due during the period of years through which such bonds are to
be paid, as therein specified; that such bonds, if autborized, issued and soldt
shall be payable as to both. principal. and interest solely from, and shall be a
valid claim of the holders thereof only against the sinking fund and the net
incamc ind revenues of the Municipal Water Department pledged thereto, and shall
not constitute an indebtedness of the City of Kalispell, Montana within the
meaning of any charter, statutory, or constitutional Ilmitation upon the incurr-
ing of indebtedness, nor shall the City of Kalispell incur in respect thereto, any
obligation for the payment of which taxes ' may be levied; that the proposal to
issue such ROvenue Bonds and use the proceeds thereof for such purposes should
be submitted to the qualified taxpayer voters of the City of Kalispell, Montana;
and that such qualified taxpayer voters include all, but onlyv the duty registered
electors of the CIty of Kalispell, Montana, whose names appear upon the last
completed assessment roll for State and County taxes as taxpayers upon property
within the City of Kalispell, Montana,
2. An election is hereby called and directed to be held at the General Municipal
election to be held Monday, April 6th, 1959, for the purpose of voting on the
question stated in the. form of ballot hereinafter prescribed,
3. At said election all, but only, the duty registered and qualified electors
of the City of Kalispell, Montna4, whose names appear upon the last proceeding
assessment roll for State and County taxes as taxpayers upon property within the
City of Kalispell, Mantana, shall be entiLled to vote. The City Clerk is hereby
authorized and directed to give notice forthwith to the County Clerk of Flathead
County, Montana of the call of said election. The County Clerk shall, after giving
due notice of the closing of the registration books, prepare and post printed
lists of the registered voters entitled to vote at said election, and shall prepare
poll books for such election for each precinct of the City In the form and manner
required by law.
The City Clerk is hereby authorized and directed to give notice of the call and
holding of said election by publication, once each week for not less than two
consecutive weeks in a newspaper published In Kalispell, Montana, the last such
publication to be on the last day on which such newspaper is published before
the day of election, and by causing notice to be posted in at least five of the
most public places In each voting -precinct in the City at least ten days prior
to the date of said election, which notice so published and posted shall read sub-
stantially as follows;
NOTICE OF ELECTION
CITY OF KALISPELL, MONTANA
NOTICE IS HEREBY GIVLN, that on Monday, April 6th, 1959, an election will be
held in and for the City of Kalispell, Montana, for the determination of the
question whether said City shall issue and sell its negotiable Revenue Bonds in
the amount of $100,000.00 to be payable for a term of ten. years from their date
of issue, and use the proceeds thereof to finance the cost of constructing pro-
tective covers for the two water storage reservoirs of the City's Municipal Water
Department, replace obsolete distribution mains, and construct a new storage
warehouse and shop, all in conformity with Session Laws of Montana of 1951, Chapter
145, such bonds and the interest thereon to be payable solely from the net income
and revenues of the Municipal Water Department, and not to incur any obligation,
for the payment of which taxes may be levied, except to pay for services provided
by the undertaking to the City itself. Further details of said matter arc set
forth in the Resolution No. 2375 duly passed by the City Council. and now on file
In the Office of the City Clerk.
The voting places for said election in the City of Kalispell, Montana, shall be
as follows;
Ward No.
Precinct No.
VaLi
Address
One
I
and
41
Coca Cola Plant
451 North Main
TWO
2
and
42
Odd Fellow Hall
347 lot Ave. F-
Three
3
and
43
Garage
lst Ave. E. & 4th St.
Four
4
and
44
Court Fouse
Main and Sth St.
The polls foi said election will be open between the hours of 8:00 o'clock A. M.
and 6:00 o'clock P. Im. on, said day of election.
All� but only, the duly registered and qualified electors of the City of Kalispell,
Montana, whose names appear upon the last preceeding assessment roll for State
and County Taxes as taxpayers upon property within the City of Kalispell, Montana,
are entitled to vote at said election.
Dated at Kalispell, Montana, this 19Lh day of January, 1959,
BY ORDER OF THE CITY COUNCIL
OF THE CITY OF KALISPELL, MONTANA
CITY CLERK
The City Clerk shall cause suitable ballots to be prepared for use at said election,
and shall distribute the same to the judges of election In the respective. precincts,
together with the poll books supplied by the County Clerk, and other necessary
and proper election supplies, which ballots shall read substantially as follows:
OFFICIAL BALLOT
CITY OF KALISPELL
ELECTION APRIL 6, 1959
(MARK) a cross (X) in the square opposite the word FOR if you wish to vote in favor
Of the following Proposition, Or in the square opposite the word AGAINST if you wish
to vote against said, proposition.
FOR the City of Kalispell, Montana, issuing anti selling its negotiable
revenue bonds in the amount of q],00,000.00 to be payable during a ten
year period from date of their issue, and using the procceds thereof
to finance the building of covers for the City"s two water Storage
reservoirs, to provide funds for the continued replacement of
obsolete mains, and to construct a new warehouse and shop for the
Water Works Department, all in conformity with the Sessioa Laws of
Montana of 1951, Chapter 145, such bonds and the Interest thereon to be
payable solely out of net income and revenues to be derived rates and
charges for the use of vie facillties provided by the undertaking and
not to incur any obligation for Lhe paymLnt of whic-h taxes may be levied
except to pay for services provided by the undertakiag to the City itself.
AGAINST the City of Kalispell, Montana, issuing and selling Its negotiable
revenue bonds in the amount of $100,000.00 to be payable during a ten
year period frota date of their issue, and using the proceeds thereof
to finance the building of covers for the City's r�A) water storage
reservoirs, to provide funds for the contiaued replacement of
obsolete mains, and to construct a new warehouse. �ujd shop for the
Water Works Department, all in conforivity with the Session Laws of
Montana of 1951, Chapter 145, such bonds and the interest thereon to be
payable solely out of net incane and revenues to be derived rates ancl
charges for the use of the facilities provided by the undertaking and.
not to incur any, obligation. for the payment of which taxes may be levied
except to pay for services provided by the undertaking to the City itself.
The City Clerk is authorized and directed to furnish to the judges and clerks of
election all other necessary and convenient facilities and supplies for said
election and the returns thereof. Said electiom shall in all respects be held
and conducted in accordance with the general laws applicable to such elections.
PASSED BY THE CITY COUNCIL Or THE CITY OF KALISPELL, MONTANA,
T1115 19th DAY OF JANUARY, 1959.
APPROVED— Claude Walter
Mayor
ATTEST 11. J. fluat
City Clerk
1, the undersigned, City Clerk of the City of Kalispell, hereby certify that the
EOregOing is a true and correct copy of the Resolution duly passed by the City
Couticil of the City of Kalispell, Montanam at its special meeting an January 19s
1959.
City Clerk of the City of Kalispell, Montana