08-01-1979 Statement
,.
state bank and trust eo.
128 North Santa Fe Avenue I Post Office Box 878 I Telephone (913) 825-7221 I Salina, Kansas 67401 I Member FDIC
Motor Bank - 127 North Fifth I Planters South - 2040 South Ohio I VIA - Elmore Center
August 1, 1979
City Clerk of Salina
City-County Building
300 West 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 State 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 State Bank and Trust Company,
Salina, Kansas; that said Bank currently has cash on hand in the amount of
$76.06; that said Bank anticipates prior to October 1, 1979, income re-
ceipts from the escrowed securities in the amount of $93,396.24; that said
Bank, therefore, anticipates a total amount of $93,472.30 to be available
for the payment of interest and any principal or premium on the prior lien
bonds on October 1, 1979; 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 0.00% $ 149,200
7/26/81 0.00% 148,100
7/26/82 2.90% 161,900
7/26/83 6.75% 169,200
7/26/84 6.75% 177 ,900
7/26/85 6.75% 191,900
7/26/86 6.75% 206,500
3/26/87 6.75% 101,700
List continued on next page
,
,
City Clerk of Salina
August 1, 1979
Page -2-
Maturity Interest Rate Amount
3/26/88 6.75% $ III ,900
3/26/89 6.75% 11 7, 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 inter-
est coupons.
Sincerely yours,
~
Mark L. Miller
Vice President and Trust Officer
MLM:cr
STATE OF KANSAS )
COUNTY OF SALINE )
ss:
The foregoing instrument was acknowledged before me this ~ day of
August, 1979, by Mark L. Miller, Vice President and Trust Officer of The
Planters State Bank and Trust Company, a Kansas banking corporation, on behalf
of the corporation.
~ ~~_.. I
. --. "AjjL~~-~ .
~~~~~~