Resolution 2390 - SID 294 - Sale of BondsRESOLUTION NO. 2390
NOTICE OF SALE
OF CITY OF KALISPELL, MONTANA
SPECIAL IMPROVEMENT BONDS
Notice is hereby given by the City Council of the City of Kalispell, Montana, that
the said City Council will on the 3rd day of August� 1959� at the hour of 7:30 P. M
in the Council Chambers of the City Hall in Kalispell, Montana, sell to the highest
and best bidder for cash, either amortization or serial bonds of Special Impro
District No. 294 of the City of Kalispell, Montana, in the total amount of ONE
HUNDRED TEN THOU&NNO AND NO/100 DOUARS ($110,000.00), for the purpose of defra
Ing the City0s, share of the cost in participating in projects No. F 270 (7) and U
257 (14) of the State Highway Commission of the State of Montana.
Amortization bonds will be the first choice and serial bonds will be the second
choice of the Council.
if amortization bonds are sold and Issued the entire issue may be put Into one.
or divided into several bonds, as the Council may determine at the time of sale,
bond principal and Interest to be payable in semi-annual installments during a peri
of ten (10) years from the date of Issue.
if serial bonds are Issued and sold said bonds will be in the mount of ONE THOUSAND
AND NO/100 --- DOLLARS ($1,000.00) each, numbq;red from one (1) to one hundred AM
ten (110), both inclusive,, and said bonds shall become due and payable on the first
day of January, 1969 A. D., provided, however, that said bonds,and each and all of
the same shall be redeemed by the Treasurer of said City when there�are funds in
said Special Improvement District No. 294 fund, against which said bonds are Issued,
available therefor; provided that the Treasurer shall first pay out of said Special
Improvement District No. 294 fund, annually, the interest on all outstanding bonds
upon presentation of the coupons belonging thereto, and any funds remaining shall be
applied to the payment of the principal and the redemption of the bonds in the order
of their registration.
HE
&WIN
MIN -
By_ Howard V. Hmmer
Howard Ha=terq its Mayor
MUM
BY no 17. flunt
R. J. Runt�--CityCferk'---
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 regular meeting on July 6, 1959,
=t.y'U-1erk of the City of Kalispell, MoDtana