825 Issue Temporary Note202
RESOLUTION NUMBER 825
A RESOLUTION relating to issuance of Temporary Note in the amount of
$13,047.83 (Ash Street Seger Repair Jobs 92 and 92B)
WHEREAS, by Ordinance No. 189-A there has been appropriated and
transferred by the Waterworks Department Fund to the City of Salina. Con-
struction Fund (Ash Street Sewer Repair Jobs 92 and 92B) in the City Treasury
of Salina, Kansas, the sum of $13,041.83, which sum is to be returned from.
said City of Salina Construction Fund (Ash Street Sewer Repair Jobs 92 and 92B)
to said Waterworks Department Fund as soon as the reconstruction and repair
of a portion of East Ash Street Seger as provided by Ordinance Numbers 5018
and 5023 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 advancing
of said sum of $13,047.83 from the Waterworks Department Fund to the said City
of balina Construction Fund (Ash Street Seger Repair Jobs 92 and 92B) above men-
tioned, and the debt thereby created by issuing a Temporary Note to be held by
said Waterworks Department Fund payable out of the said City of Salina Construction
Fund (Ash Street Sewer Repair Job No. 92 and 92B); NOW THERF70RE;
BE IT RESOLVED BY THE BARD OF COMMISSIONERS of the City of Salina, Kansas:
Section 1. That a Temporary Note tote signed by the Mayor and City
Clerk for the sum of $13,047.83, cbted February 16, 1943, payable to the w der
of the Waterworks Department Fund of the City of Salina, Kansas, and payable
out of the City of Salina Construction. Fund (Ash Street Sewer Repair Job No.
92 and 92B) is hereby authorized, such note to be payable out of such fund after
there has been received and paid into such fund the proceeds of the sale of bonds
to be authorized in payment of the cost of the reconstruction and repair of a
portion;. of East Ash Street seweras provided for by Ordinance Numbers 5018 and
5023 of the City of Salina, Kansas.
Section 2. That a Temporary Note shall b e issued bearing interest
at the rate of one per cent (10%) per annum, from the date thereof until paid.
Introduced and passed February 15, 1943.
(SEAL)
Attest:
Chas. E. Banker
City Clerk
STATE OF KANSAS SS.
COUNTY OF SALINE )
Ed Morgenstern
Mayor
I, Chas. E. Banker, City Clerk of the City of Salim., Kansas, do hereby
certify that the above and foregoing is a true and correct copy of Resolution
Number 825 passed and approved by the Board of Commissioners February 15, 1943.
City Clerk
:T