Resolution 2752 - SID 312 Bonds - Form and Details3YU �
A AZXa37z 7YARGING THE QUIR AND EXATTS 122 DTRYTINC THE QVii
ZID DY�X=Vr OF 019,530,00 Q SPICIAL TYPOWAY20 DISTRICT NO, 312 PURT3
07 7T CITY G? YAUS011, VONTANA.
Ponns, Ahwe W boon created undon the StAtptes of tQ State of YOnUM.
by tne City of MOPS!!, Nontana, Spucial improvemed Motrict NO. 312
f,, tvo pjypo2o or >yIng nater lines and appurtenances in 5th Avenue East,
stonnirn o-,
whww, the PsAmatoo cost of said project is $19,9nn.00.
NOW 10KOOTP, S� YP ROAN&, by the City Council of the City of Kalispell,
Montana, an follows:
1. That for the purpose of obtaining and Droyld!ng fv&F to pay the ccnt.
of —the above >rojact, and yormiant to the authorities of the Patntas of
the SUto nf QnLayn nrd the procoe"',1no_':i In the urcc�blc' "Ierehn'
thorn chall forthwith be propared,for oxoontion and delivery SpPain! Tm-
provcnnnt District To. 211, Bonds of the City of Xaligopll, Montana, in the
a ggrc gat n pr Inc 1 p a I am o ant a f 7KCU'SAND, FT V T� ED 'P,(�]',T A", �>
($19,5000Q, Wilch in the estimated cost an6 expense of the Forngoinv, whIA
bwAs s4a! he natNd Septembor 3, 1969, and ahall bear interest Q An rate
of six per cent (61) nor annum, from date of issuo, payable annually. SaYl
bonds shall bn 00) In munber, and numbered serially from one to thArky-
nine both inclusive, and said bonds shall become due and payable on the first
of ��aruacy' 'i980�
Said bonds shall be r(-,�dcomnblo by the Treasurer of the City of Kalispell,
Montana, at Pac and accrual interest, when there are funds in said Sp"Aa]
imDrovoment District No. 312 Fund, against which said bonds axe issued,
availohle therefor, and 2nid rademption shall be made in thD manner pro-
vided by law, provided that the Treasurer shall First pay out of cald
We!& Wrovement District No- 312 Pund, annually, the intornst on all
outstanding bends upon preventaLloc of the coupons belonging thereto, and
any funds remairing shall be applAd to the paymwt of the gAncApal and
the redemption of the borls.
2, The. !,�.e'yor in(-, authorized to sell �3o"Ae of bor'(1s at, on, :pri-
vate sale.
I The irtnreat on ssid bonds shall he Dayablo annually an the first day
of january of each year conmanicing Ja'n-un�-_,-y 1, 1971.
4. 9ald bonds nnd the interest coupons tn be theYAD attached, and roain-
tration certificate to be endorsed thereon, shall be in nubstantially tho
form attached hereto as Exhibit "A" and which, by the roforence, is made
a part here&�
5. Said bonas shall be forthwith Tneyurod for executfor and shall be
unecuted on behalf of the Special improvemont Dighrin yo, 312 of tho
City Of KaUsPY!, Nontana, by the of- t1ro fayc_r OF the City CY"
Kalispell, attoAnd by the City Cis& of the City of KallopolT, and by
affixation a' the officYl. scal of UP City a, Kulisnaii, and the intoreot
coupons shall be executed and authenticated by thn wnZraved or lithograph>
facsimile signaturoo of said of"Icort';' ��r'ct I.-"c �-'o reci+'O-� �.r'
the bonds. and said bonds whall thcn be registered by the City Treasurer,
Then tho bonds have bDen so fully e�-ocote�"" and --c C"Ity
1'reasurer VA! then deliver them, or casne tUm to be dojveno to Vhr�
Purchaser upon payment to the City Troasuror of the purchase price there-
toforc agree, upw
(). ""he 1�h2 City Council, and thn City Troinurer of the City of
Kali snail Oro authorized and direclad ko pmq�c ann 0"&sh �o tmn pm-
ch3mor Of sold bonds, nA to its Attornry�, ocrtifled nop5rs of all pro-
oeeQnSn anO rnnords relating to oaid bonds and such other
nod 71714 .�V�z an �ny w renvi -Q to W n7 On 003 within heir knonledgm,
` � ")�- bcaks anQ rnoWn n,Vor thvir v"sto&y and control re-
101n "a �Ia V0111ty Dn" =rkotablifly W said W&M, end paid cart!"Ind
ropinn of acrtIVIC100 and ��r"� thr-�'�'or herctof"ore,
za!"! =01tale a of VhQ City of Kalispell,
'-,c) �Kr 'ToW of each fwt rpsor0d to be shmn T�vr&n.
V� We Wy Clark is authorized and directed to ordor the printing of
no bandA aQ PG;�nnn,
�D BY T22 MAYOR AND CTTY COUaOTL THIS 1 YV! DAY OP OCTOW,
1969 �
1, the unviersigned, City Clerk of Zth-Cft of Kalispell, hereby certify
r
r
.t �.
that the foregoing Is a true and c _ py of the r I ti on duty
passed by the City Council of the Clt�y�f Kallspel��17n-'ana, at a
regular meeting on October 13, IQ�
Clp# of thefity of Kalispell, Montana
MI
"FIRIBIT A''
UXITMD S?ATES OT AVTRTCA
WATT Of XCATAY,
T`
N_ I�c
f r annur�,,
Payable january I., and an—nally thereaftn."
on lot of., J unuary in each Year.
Twwd by the Ulty of X& Well,
Coun�,y,
The TruanuyeT or thn Wtj of' will po'y lo bcarnr
on or bofore January 1, 1978, 'Tom Qw l'unds of its Special Tmprovemant District
th�� of PUT 1WRAD BALES as Who,rived by RanolutIon No. _
as panood on the ,,, day of October, creating Special Tmovemcnt Dis-
trict No for the corotructinn of the improvemcnta and tho work performed
as a0lnriwd by said resolution to be dowe in said District, and all laws,
regulations W wdinannes relatln�., th-roto, in 7�,,�,Y;T;.en+ of tho contran+� In
accordance therowUh. The principal ond interest of Ws bond axe payablc
at the office of the City 'Troasurer o-�- ',�al_�:,.pell, Yon-tana,
b�on(l interest at the rate oT nix and no onn-hundrothn jor
001A (6.001) per arnum from the date of rogistration of this bond. as ex-
pressed herpir, until paid or until the date called for redemption by the City
Treabuisr. The intoreSt on this bond is payable jannary 1, and annually
thuroafter on the lot day of januoij in each year, unlous paid p-evious thoroto,
and as enprossod by the interest coupons her0o 'al"Ca"ch'ce, ""h'ich tse
printed facyinilc *QXature.,, of the -,�IYD�- 3,efi (,'I_i�y Clerk,
This bond i�oy,_Ible from, the co�;'_Ioctior, of a. cpnoio'l t,,x or
which in a lien against the real notate WUh�n
described in said resolution horoinbcTore reforrod to.
!his bond is rodnemablo at Um option of the City at Any WH there axe,
funds to the credit of said sporial improvement dlyh"ct fund for thn rcdm", lon,
thcreof, and in the manner prnvided for-&Q redemption of the Famn, The date
of re6omption xhall be fixed by t,,ic �,!ho chal] givc notice by
Inblication onco in a newspaper in Kallspoll, or at the option W the Trpacyrcr,
by written notice to the holders of smh bmAs if their addrasoes he knoun,
ol' 1,hc� rn.�;loer.,,� of bDrdS and the date of Wch paymant *011 bc Wn whic'n,
date shall not be loss than ten days thc or- I cat ion or Y'
2arvica of notice, on which da,"Le so f-Ixco, shal�l oeaso�
TT TS� 1,17,'�R'�,,,Tn C,I,'I_,,TTFT_`D UH, 'IE'CTPED t��ad, all things required to be
done precedent to the issuance of thio bond, n,�ve be,,:�n Tp:�roy)c-rly done, I-u�,pqyc-.�ned
and been performed, in the manner prero�-ibod by the law,-�--, or IF',taAF,, o'
Montana and the resolutions and ordinances of the City of Kalispell, Montana
-to thn iesuance theloof.
(SEAL)
D�Qd at KBAspoR, MnAma, tU,-
CITV OF KAITSPELT
:�Y
city
"EUTRIT A''
"WhIAIT All
� �js �n� a� Qhn n7flyo of the City Treasurer of Kallnpoll , Fontana, thV,,'�
City Treasurer
(Form of Coupon)
!�Iaas the bord Onscr4hnd hNow is callod for earlier Tedemption, cri
TOO o�y of janw%xy, 19,,,, the City of Kalispoll, Montana. will pmy to
at the NfIce of the City WaFurar of Kalispell, Montana, the amoun-t.
money of the United Statos & AmerYa, from %ho Spec 1 W
reOrred to in the bond to PhIch Wo co�por appertains, -or
narr-t thcn W on its �rccjai Tmprovement DOW& To. RoW, Wee
..........
Mcs'&Y sOnature)
Mayor