Resolution 2703 - SID 305 - Form and DetailsRESOLUTION XO. 27n3
A RESOLUTION "_�O" , .: I f
AND DELIVERY G7 Q6,500.00 OV SPICIAL 1ATMEMENT DISTRTH NO. 305 MAS
C.(,Y (-,F
MEREAS, thorn has ocen created un2ar the Statutes OF tho Stste Of 15"A'
,, ,, Olt, of yontana, Special improvounnu Distriec %� 30-5
for tho purpose of laying cower lines and Mllrcenances 5n vls!" Ad""
of Kalispell,
WHESEAS the escimated cost Of said Project is $5,500-0"
NOW THEREMOM, nE IT RESOLVED, by the City Council of the City of 011SP01,
Nontana, as follows;
1, That for the purpose of obtaining MY ProvidiM TuMs to MY the COSC
of the above project, and pursuant to tho authaYltigs af the StaMes 0 f
the State of Nontana uM the prc)�2e&din�'-"s in t:bc' pfe"L�."�I",jc!
there shall forthwith be pr2pnreo for cxocution ond delivery Spcclal im-
provement District No. 305 Bonds of the City of 011spall, Tkntnra, in the
aggregate principal amount of SIX TODUSAND FIVE FUNDR0 MIMS Qn,500,00),
which is the esMated cost and expense of the foregoing, whieb bonds M31
be dated August 1, 196S, and at;!! bear interml at M, Tate OF M P�r
cent (6%) per annum, from date of issuc, payable anpunily. Said bonds
shall be thirteen in nunhar, and numbered sprially from one to thirtnan,
both inclusive, and said bonds stall due z:,�nd' ��n the first.
day of January, !973.
Said bonds nhall to redwarabla by the Trvasuyvv of Hn My oE Kalispall,
hontana, at par Rnd accrued intirqst, Man chore nfu fonts in sold Specla!
Improvevant District No. 305 Fund, againsc Mch EmM hunw aro issuco-,
available therefor, and said redemption shall be mnde in the maimer pon-
vided by law, provided that cho Treasuray shall first pay ouc n? sals,
Special improvement District No. 305 Fund� �nno,-,-A-1j, fl',Lc� nll
outstanding bonds upon presentation of Cho coupons bulonging thoreto, and
any funds remaining shall ba applied co the payment of tho principal and
the redemption of the bonds.
2. The,Mnyor be auchoyized to sell this issue of bonds at public or pri-
vate sale.
3. The interest on said bonds shall he payable annually 6n the first day
of January of each yeRr comnencing January 1, 1969,
4. Said bonds and the interest coupons to he thereto ittsohw�, and raZis-
trarion certificate to be endorsed thereon, shall be in subscancially the
form attached hereto as Exhilit "A" and Which, by the referenca, is made
a part hereof.
5. Snid bonds shall be forthwith prepared for execution and shni! be
exocMed on behalf oE the Special Improvomejo Di,tri,t No, 305 Q vhe
City of Kalispoll, klontana, by the signature of the layer of the Jjty
Kalispell, actested by the City Clerk of the Quv of Kal!spelj, �nw
affixation of the official sea! of the City of Kajispell, and the
colyons shall he executed and authenticated by Cho ennraved or lichnpranhIc
facsimile signarures of said officers, which fact ohall be so rocked in
the hands, and said bonds shall Chen be registered by the City Trvssurar�
Man the bonds have been so fully executod Rnd rogistarcO, chn M
Treasurer shall then deliver them, or cause them to be delivurQa a pno
purchaser upon paypont to the City Trensurer of the purchass pr5w . thcya_
More agreed upon.
6. The Payor, the City Council, and the City Treasurny of the City
Nrlis?ell are authorized and d1rumcd to propDre and fuvoish to S'n ;ny.
chaser of soid hon0s, and to its Attorn6ys, certified copies of all p_
000dings and records relating to fa.i(l boncl�_ alid
C_, or C 0 a L:
.�a aftaeav5ts no say he reculred co bring the facts within their knowlvdso'
:11 as showr hy tho honks and recoris undet their custody and contril re-
Vilng to the vVidity and markausbiliky of said bcn%, and said certifleel
caplas pf and affidavits, including any tbereof heravafam
�nnnlshrj, 1AS11 ronstItutc a mpresenuation of the Cloy of Kall"Pelly
invann, VS to too cruth of aach ` act to be
7. The City WnrR 0 nythorizod and dirrated to order thn pninting 0'
WDI 50nas and coupons.
OY THE �AYOR AND CITY COUNCIL THTS 7TH DAY OF AUGUST
Acts.
Y, ono.,
!, the undersigned, City Clerk of the City of Kalispell, hereby certify
that the foregoing in a true and rect copy of the resolution duly
Pat-od by the City Council of ty of Nalispell, Montana, at a
rezular mlating on August 7. 968
CitylQ#k of the)City oE Kalispell,
"EXHIBIT A"
UNITED SVTES OF AMERICA
ST-kTE OF VIONTAN',k
SPECLU IMPROVEMENT DISTAICT NO- 305
at the rate of 6,00% Per an"um
?ayable J�iiLuary 1� 1969, and annually thereafter
oil t;l-.e Ist day of January in each -year.
SPECIAL IMPROVE."XIENT DISTIUCT BOND
Issued by the City of 1�allspell'
Flathead County, Montana
No.
The T-rea�,ur,,�r of the City of Kalispell, Montana, will pay to bear�--r
o'a or before January 1, 1978, from the funds of its Special Inprovem�!nt D�IstricL
No. 305 tne _-um of FIVE HUNDR2D D317URS as authorized by Resolution No. 26,14
as passed on the S�th day of Octobez� 1967, creatinS Special Improve,,T.�,.L-Lt District
No.305 for the construvtion of thze ivaproveazants and the work perfor�aed as auth-
orized by said rcsolution to be done in said District, and all laws, re�.,ulatioo's
and ordinancas relatinl- thareto, in paycriant of the contr4act in accordance- there-
with. Th"�� princip'Ll an�l interest of this bond are payable at the Officc Of the
City Treas'.�rcr of r"alispell' Montana.
This bond bears intere--t at the rate of six and no onz-huadrLths per
cent (6.00%) per from the date of registration of t1his bond, as expressed
htirz�in, until paid oz until the dLte called for redeuiption by the, City
The jnter4��zt on this bond is payable ja,.,�uary 1, 1969, and annuLJly
theraafter on the Ist day of Jaau,��,xy in each year, ual"s paid previous thereto,
and as expressed by the interest coupons hereto attached, %ehich bear-- the
printed facsimile si,.nUtures of the Mayor wnd City Clerk.
This boz%d !-. payable from the collection of a special tax or aasesSMeat
waich is a lien aga-ln�;t the real estate within said Improvement District, as de-
scribed In said resolution here-Inbefore refarred to.
This bond is redeemable at the Option of the City at any time there are
funds to -',L- credit of said spec�al improvument district fund for the redemption
thereof, end, in the manner provided for the redemption of the sainL. The date of
rade-mption shall be fixed by the Treasurer, who shall give notice by publication
once in a newspaper in Kalispell, or at the option of the TreaserLr, by Written
noticL- to the holders of such bonds if their addresses be known, of the nvnibarr,
of bonds and the date of which payment will be made� Valch date shall not be less
than ten days after the date of publication or of service of notice, oil whicil
date so fixed interest shall cease.
IT IS HEREBY CERTIFIED AND RECITED that all things required to be
done precedent to the Issuance of this bond, have buo
n properly done, happened
and been parformed, in the manner prescribed by the laws of the State of Montana
and the rLsolutions and ordinances of the City Of Kalispell, Montana, relatiag
to the issuance thereof.
(SEAL)
Dated at Kalispell* Montana, this
"EMILIT A01
CITY OF rQUISPELL
B Y.*
.May�:
�it�y C11C:1:'&
"ZXR1BTT A"
at the of,_�Ice of the City Treasurer of Kalispell, Montana, thilq
_City Treasurer
(Form of Coupon)
Unless the bond described below is called for earlier redempti,on,.o"
t7L,C firs% day of January, 19 the City of Kalispell, Montana,'�,will pay to
nt t1je offjc6 of the City Treasurer of Kalispell, Montana, the amount
hereon in lawZul money of the United States of America, from the special
as.,;czsmjnt referred to In the bond to which this coupon appertains :for
�as-t then due on Its Special Improvement District No. Bond., dated
(2zcsinn,ile signature) (Facsimile signature)
city Clar1c. Mayor