85-3811 Issue GO Refunding Bonds1
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RESOLUTION NUMBER 85-3811
RESOLUTION 85-3811 FINDS AND DETERMINES THAT IT IS
NECESSARY, DESIRABLE AND IN THE BEST INTEREST OF THE CITY TO
UNDERTAKE TO ISSUE ITS GENERAL OBLIGATION REFUNDING BONDS, SERIES
1985, IN THE AGGREGATE PRINCIPAL AMOUNT OF $8,115,000, AND
AUTHORIZING THE MAYOR TO SIGN A BOND. PURCHASE AGREEMENT WITH
UNITED SECURITIES, INC.
WHEREAS, the City of Salina, Kansas finds and determines that it is
necessary,. desirable and in the best interest of the City to undertake to issue
its General Obligation Refunding Bonds, Series 1985, in the aggregate principal
amount of $8,115,000; and
WHEREAS, the City hereby further finds and determines that it is in
the best interest of the City to enter into an agreement with Kirchner, Moore 8
Company, United Securities, Inc., Ranson S Company, Inc. and Zahner and
Company to provide for the underwriting and sale of said General Obligation
Refunding Bonds.
NOW THEREFORE, BE IT RESOLVED by the Governing Body of the
City of Salina, Kansas, that:
Section 1. The Mayor and the City Clerk of the City of Salina, Kansas
are hereby authorized and directed to execute for an on behalf of the City the
Bond Purchase Agreement substantially in the form attached hereto as Exhibit A
by and between the City and United Securities, Inc. as representative of the
Underwriters named therein.
Section 2. This Resolution shall take effect and be in force and effect
from its passage by the Governing Body of the City.
Adopted by the Board of Commissioners and signed by the Mayor this
7th day of October, 1985.
[SEAL]
ATTEST
l/f
D. L. Harrison, City Clerk
�G ) d �) L/—
Merle A. Hodges, M. D., Mayor