Resolution 2670 - SID 302 Bonds - Form and DetailsRESOLUTION NO. 2670
RIECTI� G 7�iE ��X"CUT-ON V,',��
RES,-,LUTION DIESCIRT3TNC THE FORM AND DETAILS FUR 'DU
�)�7 $50,000.00 OY SPIlCIAL 11-PROVL�IIEINT DISTR�CT -NO. 302 BONDS OF T.,-�-
C7 iv',1L-1SPZ1,1_ IMOINTANA.
there has been created under the stitutes of tho,Stat�- of-'11ontaqn `�y
City
i�alispeli, �Iontarla, -'Peciil Improvement District No, 302 for tho :)-,Arp,,-,nc
of laying ��ewar I ines and �AP7)urtanaqces in Heanessy Arco of ��alisl)etl.
t,,1L, astjj�iatecr cost of said project is $50,000.00.,
1
7T�REFORZ-, 3-�' IT RESOLVF"), by the City Council of the C--Ly of Kalispwll, Montana,
as follows; I I
1. T'nat "or the purposa of obtaining and providing funcN, to. -,,Ry the cost of tho
above project, and pursuant; to the authorities �of trio of �-.ho Sta.e of
Xont,mia and rho arocoodings recited in the proan5le herpto, an(I
shall for,�Itli be
�Prepared for exoc�itlon and delivery Special Improvement .)istrtc�t ��o.302 Bonds of
tile City of Knllspell, Kalispell, 'Xontana, In the aggregatQ principal artolx-�-- �,T-
Fli`rY THOUSAIND DOLLARS ($50,000.00), which is the estimated cost and expenso of t�-�o
fc,ro,,,oin,-, which bonds shall be dated December 11, 1967, and shaill !)Par in'-orccl , - a u
the rate of Six per cent (6%) per annum, payable annually. Said 3onds shall
one Inu,-ndred (100) in turmber, and numl)ered sLrially f'ro��i one to one hundrod, both,
inc'�iakvo, and Paid bonds shall becone due and payable or, the first day of
January, 1933.
Said Bonds Shall he redleamable by the Treasurer of the City Of
_Jt
at pa�r and accruea interest, when there are funds in� said ST)Qcial
rlct o. 302 Fund, against which saia bonds are issu�ad, qvailable th(�re
and
i d redawrpti on shal I be made in the meaner arovi ded by provided
Treasurer shall first pay out of said Special District NIQ. 301
nio interest on all autstanding bonds upon presentation of the cow,
pons
bellonginS thereto, and any funds remaining shall be ap:,ilied to the painiQat of th,,-,
principal arLd the redeniption of the bonds.
2. The lzitorest on said bonds shall be payable annually on the first day a,' Janunr,�,
of each year commencing January 1, 1969.
bon4s aid the interest coupons to be thereto attached, and no�lst�,atioa
cort` cate to ')a endorsed thereon, shall be in substantially the foral attached
�t
h,�re,o as Exhibit 'W' and by the reference made a pax
4. 3�old bonds shall be forthwith prepared for execution and shall execuVad on
'D,�hnlf of the Special Improvement District No. 302 of the City of -alispoll, 111ontama,
ey t! - i�-� signature of the Ilayor of the City of Kalispell, attested 1,jy the City Clerk
of tha City of Kalispell, and by affixation of the official seal of tire City of
Kalispell, and the interest coupons shall be executed and authenticated by trio on-
p,i�aved or lithographic facsimile signatures of said officers, which fact shall be to
rocited in the bonds, and said bonds shall then be registered by the City Treasurer.
When t'no bonds have been so fully executed and registered, the City Treasurer shall
thon deliver them, or cause them to be delivered to the purchaser upon payinent to
the City Treasurer of the purchase theretolfore agreed upon.
5. T!-,o %layor, the City Council, and the City Treasurer of the City of Kalispell
are authorized and directed to prepare and fur'nishto the purchaser of said bonds,
and to
its Attorneys, certified copics,of all proceedings and records relating to
sai4 boads and such other certificated and affidavits as may be roqilirad to bring
clio 1—iots within their hnowledge, all as shown by the books and records under their
custody and control relating to the validity and marketability of said bonds, and
-!davits, including any thereof he t -
nt d co6ios of cortifj,cz�tZa)and aff r a 0
alispell, Montana
I nall consti .11 :d: roresentation ofe'henC ty,of N�
of each fa VrI. d to be shown th rei
lv,�il)/,z �11�1%, YVE D 3,Y TN�,, '(01TR AND C1 TY COUNCI L THIS'AWi DAY 01 i:'AACH 1968.
'71'
nzT
it
Y
Mayor,,
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 Kallispell, Montana, at a regular meeting on
---n—rch AJ- 1968
City CleXLk of e City/,bf Kalispell, Mon�-a—na