Resolution 2710 - SID 311 - Sale of BondsRESOLUTION NO. 2710
A RESOLUTION AUTHORIZING THE SALE OF SPECIAL IMPROVEMENT DISTRICT NO. 311 BONDS
AND PRESCRIBING THE FORM OF THE NOTICE OF SALE.
WHEREAS, the Mayor and City Council of the City of Kalispell, in compliance
with the statutes of the State of Montana provided, have created Special Improve.-
ment District No. 311 of the City of Kalispell for the purpose of defraying the
cost of the installation of sewer lines within the District in accordance.with
the terms and conditions as specified in Resolution No. 2707, entitled " A
RESOLUTION OF INTENTION TO CREATE SPECIAL IMPROVEMENT DISTRICT NO. 311.*' and
RESOLUTION NO. 2709 entitled " A RESOLUTION CREATING SPECIAL IMPROVEMENT DTSTRIC'P
R
NOW THEREFORE, be it resolved by the Mayor and City Council of the City or
Kalispell, Montana, as follows%
1. That there sahll be sold and issued at this time the bonds or warran-.s
of Special Improvement District No. 311 of the City of Kalispell, Montana, in
the amount of TEN THOUSAND DOLLARS ($10,000.00), which bonds or warrants shall
be dated and shall be of the denomination of FIVE HUNDRED
DOLLARS ($500.00) each.
2. That the City Council reserves the right to redeem any or all of said
bonds issued when there are funds In said Special Improvement District No. 311
fund against which said bonds are issued, available therefore; provided that the
Treasurer shall first pay out of said Special Improvement District No. 311 Fund
annually, the interest on all outstanding bonds upon presentation of the coupons
belonging thereto and any'fupd6 remaining shall be applied to the payment of the
principal and the redeipption of the bond In the order of their registration.
3. That the Notice of Sale of the foregoing Special Improvement Districr
No. 311 bonds or warrants of TEN THOUSAND DOLLARS ($10,000.00) shall be in
substantially the following attached form.
PASSED AND APPROVED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF KALISPELL,
MONTANA, THIS 7TH DAY OF OCTOBERs 1968.
1, the undersigned, City Clerk of the City Of Kalispell, hereby certify
that the foregoing Is a true and co�rect copy of the resolution duly
passed by the City Council Of tWe _ Ct y of Kaltspl!l Montana, at a
regular meeting on ctober,
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