01-30-1979 Statement
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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
January 30, 1979
City Clerk of Salina
City-County Building
300 West Ash
Salina, Kansas 67401
Re: Combined Water and Se\\'flge
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 Stat,e Bank and Trust
Company, Salina, Kansas; that said Bank currently has cash on hand in the
amount of $468.95; that said Bank anticipates prior to April 1, 1979,
income receipts from the escrowed securities in the amount of $93,396.33;
that said Bank, therefore, anticipates a total amount of $93,865.28 to be
available for the payment of interest and any principal or premium on the
prior lien bonds on April 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
07/26/79 0.00% $ 152,100
07/26/80 0.00% 149,200
07/26/81 0.00% 148,100
07/26/82 2.90% 161,900
07/26/83 6.75% 169,200
07/26/84 6.75% 177 , 900
List continued on next page...
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City Clerk of Salina
January 30, 1979
Page -2-
Maturity
Interest Rate
Amount
07/26/85
07/26/86
03/26/87
03/26/88
03/26/89
03/26/90
03/26/9]
03/26/92
03/26/93
03/26/94
03/26/95
03/26/96
03/26/97
03/26/98
03/26/99
03/26/00
03/26/01
6.75%
6.75%
6.75%
6.75%
6.75%
6.75%
6.75%
6, r%
6.75%
6.75%
6.75%
6.75%
6.75%
6.75%
6.75%
6.75%
6.75%
$ 191,900
206,500
101,700
111,900
117, 300
127,800
138,500
1~9,30(J
165,300
176,500
188,000
204,600
220,800
237,500
254,200
276,100
297,800
$4,124,100;
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,
tltfP:~lffi?-
MarK L. Miller
Vice President and Trust Officer
MLM: s g
STATE OF KANSAS )) ss:
COUNTY OF SALINE
The foregoing instrument was acknowledges before me this 30th day of
January. , 1979, by }~rk L. Miller, Vice President and Trust Officer
of The Planters State Bank and Trust Company, a Kansas banking corporation,
on behalf of the corporation.
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Notary
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