Resolution 2376 - Election - Issue Sewage Revenue Bondsan
RESOLUTION NO. 2376
A RESOLUTION FOR THE SUBMISSION TO TnE QIUALIFIED ELECIURS OF THE CITY OF
KALISPELL, MONTANA, AT TUS GENERAL MUNICIPAL ELECTION TO BE HELD APRIL 6, 1959,
THE q`UESTTaN OF ISSUING SEWE REVENUE BONDS IN THE AMOUNT OF $147,000.00 FOR
TnE REPAIR, IMPROVEMENT, AND RECONSTRUCTION OF THE SEWAGE PLANT OF THE CITY OF
KALISPELL, MONTANA.
1. WHEREAS the municipal owned sewage disposal plant of the City of Kalispell
is in need of repair, improvement, and reconstruction in order to makc it service-
able to the increasing needs of the City of Kalispell and its inhabitants, and it
is deemed necessary and advisable by the City Council of said City that Revenue
Sewage Bonds In the amount of $147,000.00, being the estimated cost of such
improvements and repair, be issued by the City of Kalispell, Montana, under the
provisions of the laws of the State of Montana of 1951 as amended by Chapter 146,
such bonds to be either serial or amortization bonds bearing interest not to
exceed 6% per annum payable semi-annually maturing in ten years from date of
issue; said bonds to be revenue bonds only, the principal and interest thereof
to be paid and retired from and out of the rates, rentals or charges for the use
of the facilities, services and benefits rendered by or in connection with the
municipal sewage disposal plant and sewage System of the City of Kalispell as
such rates, rentals charges or assessments are new or may be hereafter fixed and
approved by Ordinance of the City of Kalispellt all as provided by said act of the
legislative Assembly of the State of Montana as amended.
2. AND UNEREAS, a general municipal election of the City of Kalispell, Montana
is scheduled as provided by law to be held on Monday, April 6, 1959, between the
hours of 8:00 A. M,. and 6:00 P. M., of said day, and it is denned and judged by
the City Council of the City of Kalispell, Montana, advisable and feasable that
the question of the issuance of Sewer Revenue Bonds as above mentioned be sub-
mitted to the qualified electors of the City of Kalispell, Montana, as the term
qualified electors is used and intended by said act and amendments thereto, at
said municipal election so to be held on the date aforesaid.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA:
That there be submitted to the qualified electors of the City of Kalispell, Montana,
within the meaning of the above mentioned Act, as amended, the question of Lho
issuance of Sewer Revenue Bonds by the City of Kalispell, Montana, In the amount of
$147,000.00 for the purpose of repair, improvement, and reconstruction of the sewage
disposal plant of the City of Kalispell, Montana, such bonds to be either serial
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or gmortjzatian bonds maturing within ten years from date thereof and bearing
interest at not to exceed 6% per annum, such bonds to be paid and retired fran
income and revenue to be derived frow and out of the rates, rentals, or charges
for W use of the facilities, services, and benefits rendered by or In connection
with the municipal sewage disposal plant and sewerage system of the City of Kalispell,
as such rates, rentals charges or assesmnents are not or may hereafter be fixed
and approved by Ordinance of the City of Kalispell, all as provided by Act of the
Legislative Assembly of the State of Montana, as amended, and the City Clerk is
hereby authorized and directed to give the necessary notices of such election and
of the submission of such question to the qualified electors of the City of Kalispell,
and to prepare the necessary ballots therefor, and to do all other acts and things
necessary for the accomplishment of the purposes of this resolution.
PASSED BY TUE CITY COUNCIL OF THE CITY OF KALISPELL, MONTANA, AMD APPROVED BY
THE MAYOR IMIS 19th DAY OF JANUARY, 1959.
Claude Walter
Mayor
ATTEST- H. K Hunt
City Clerk
1, the undersigned, City Clerk of the City of Kalispell, hereby certify that the
foregoing is a true and correct copy of the Resolution duly passed by the City
Council of the City of Kalispell, Montana, at its special meeting on January 19,
1959.
City Clerk of e City KalispW11, Montana