06-01-1980 Statement
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stale bank an(ll,nlst 00.
128 North Santa Fe Avenue I Post Office Box 878 I Telephone (913) 825.7221 I Salina, Kansas 67401 ! Member FDIC
Molor Bank - 127 North Fifth I Planters South - 2040 South Ohio I VIA - Elmore Center
June 1, 1980
City Clerk of Salina
City-County Building
300 Wes t Ash
Salina, Kansas 67401
Re: Combined Water and Sewage
System Refunding Revenue
Bonds, Series of 1978,
Dated May 1, 1978 A-268
Dear Sir:
As required under the terms of that certain Escrow Trust Agreement by and
between the City of Salina, Kansas, and The Planters Bank and Trust
Company, as Escrow Trustee, dated as of May 1, 1978, the undersigned,
Mark L. Miller, hereby certifies to the City of Salina that he is the
Vice President and Trust Officer of The Planters Bank and Trust Company,
Salina, Kansas; that said Bank currently has cash on hand in the amount
of $18,144.59; that said Bank anticipates prior to August 1, 1980, income
receipts from the escrowed securities in the amount of $27,508.15 and
principal receipts in the amount of $149,200.00; that said Bank, therefore,
anticipates a total amount of $194,852.74 to be available for the payment
of interest and any principal or premium on the prior lien bonds on
August 1, 1980; that said Bank currently holds the following United States
Treasury Obligations - state and local government series - in the Escrow:
Maturity
Interest Rate
Amount
7/26/80
7/26/81
7/26/82
7/26/83
7/26/84
7/26/85
7/26/86
0.00%
0.00%
2.90%
6.75%
6.75%
6.75%
6.75%
$ 149,200
148,100
161,900
169,200
177,900
191,900
206,500
List continued on next page...
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City Clerk of Salina
June 1, 1980
Page -2-
Maturity Interest Rate Amount
3/26/87 6.75% $ 101,700
3/26/88 6.75% 111,900
3/26/89 6.75% 117,300
3/26/90 6.75% 127,800
3/26/91 6.75% 138,500
3/26/92 6.75% 149,300
3/26/93 6.75% 165,300
3/26/94 6.75% 176,500
3/26/95 6.75% 188,000
3/26/96 6.75% 204,600
3/26/97 6.75% 220,800
3/26/98 6.75% 237,500
3/26/99 6.75% 254,200
3/26/00 6.75% 276,100
3/26/01 6.75% 297,800
$3,972,000;
that said Bank, therefore, has on deposit, held in Trust for the State
Treasurer of Kansas, funds in the form of cash or securities of the United
States Government, sufficient for the redemption of the Combined Water and
Sewage System Revenue Bonds, Series of 1961 and Series of 1977. of the City
of Salina, Kansas, and related interest coupons, and that such funds will
reach the office of the State Treasurer on or before twelve o'clock noon
on the third working day before the day of maturity of such bonds or interest
coupons.
Sincerely yours,
.
MLM: sg
Mark L. Miller
Vice President and Trust Officer
STATE OF KANSAS )
COUNTY OF SALINE)
ss:
The foregoing instrument was acknowledged before me this 1st day of
June , 1980, by Mark L. Miller, Vice President and Trust Officer of The
Planters Bank and Trust Company. a Kansas banking corporation, on behalf of
the corporation.
;e;
WISAS
SANDRA G~OSP1TCH
S9line Coooty, Kansas
My Appt Exp.
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Notary
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