724 Issue Temporary NotesWHEREAS, by Ordinance Number 4865 there has been appropriated
from and transferred by the Waterworks Department Fund to the
City of Salina W. P. A. Project Number 6595 Account in the City
Treasury of Salina, Kansas, the sum of $2,500.00, which sum is
to be returned from said City of Salina W. P. A. Project Number
6595 Account to said Waterworks Department Account, as soon as
the construction of Storm Sewers numbered 10-B and 10-C as pro-
vided for in Ordinance Number 4849, is completed and the cost
thereof is ascertained and bonds are issued and sold in an amount
necessary to take care of the balance of such costs; and
WHEREAS, it is deemed necessary and proper to evidence the ad-
vancing of said sum of $2,500,00 from the Waterworks Department
Account to the said City of Salina W. P. A. Project Number 6595
Account above mentioned, and the debt thereby created by issuing
a Temporary Note to be held by said Waterworkd Department Fund
payableout of said City of Salina W. P. A Project Number 6595
Account, NOW THEREFORE:
BE IT RESOLVED by the Board of Commissioners of the City of
Salina, Kansas:
Section 1. That a temporary Note to be signed by the Mayor
and City Clerk of the sum of 2,500.00, dated May 17, 1938,
payable to the order of the Waterworks Depaf;tment Fund of the
City of Salina and payalbe out of the City of Salina W. P. A.
Project No. 6595 Account is hereby authorized, such note to
be payable out of such fund after there has been received and
paid unto such fund the proceeds of the sale of bonds to be
authorized in payment of the cost of the construction of Storm
Sewers Numbered 10-B and 10-C as above mentioned.
Section 2. That a Temporary Note shall be issued bearing
interest at the rate of two per cent (2%) per annum from the
date thereof until paid.
Introduced and passed, May 16, 1938
Ed Morgenstern
Attest: Chas. E. Banker Magor
City Clerk
STATE OF KANSAS
SS
C OUNTY OF SALINE j
I, Chas. E. Banker, City Clerk . of the City of "Salina,
Kansas, do hereby certify that the above and foregoing is
a true and correct copy of Resolution No. 724 passed and
approved by the Board of 0ommissioners May 16, 1938.
City 71—eric