892 Issue Temporary Note278
RESOLUTION NUMBER 892
A RESOLUTION relating to the issuance of Temporary Notes in the amount of
it
$7,774;52 and $22,474.00.
INHEREAS, by Ordinance Number A-302 there has been appropriated from
and transferred by the Waterworks Department Fund to the City of Salina
Construction Fund (Curb, Gutter, and Paving Account) in the City Trea--
sury of Salina, Kansas, the sum of $7774* 52 and $22,474,00, which sum
is to be returned from said City of Salina Construction Fund (Curb,
Gutter, and Paving Account) to Waterworks Department Fund as soon as
the construction of said curbing, gutteiing and paving improvements ax
provided for in Ordinances numbered 5081 and 5107 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 advanc-
ing of said sum of $7774.52 and $22,474.00 from the Waterworks Depart-
ment Fund to the City of Salina Construction Find (Curbing, Guttering,
and Paving Account) above mentioned, and the debt thereby created by
issuing temporary notes.to be held by said Waterworks Department Fund
payable out of said City of Salina Construction Fund (Curb$ Gutter,
and Paving Accounts) NOW THEREFORE:
BE IT RESOLVED by the Board of Commissioners of the City of Salina, Kansas:
Section 1. That Temporary Notes, to be signed by the Mayor and
City Clerk, in the sum of $7774*52 and $22,474.00, dated November 14th,
1945, payable to the order of the Waterworks Department Fund of the
City of Salina, and payable out of the City of Salina Construction
Fund (Curb, Gutter, and Paving Account) is hereby authorized, such
notes 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 curbing, guttering and pm
paving improvements
0 ,
as provided for in Ordinances numbered 5081 and 5107 of the City of
Salina, Kansas*
Section 2* That Temporary Notes shall be issued bearing interest
at the rate of one per cent per annum from the date thereof until
paid*
Introduced and passedp November 13, 1945#
(SEAL) J. H., Moore, Jr.
ATTEST: Mayor
Chas. �. Banker
ty Clerk
STATE OF KANSAS
SS
COUNTY OF SALINE
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 Number 892 approved by the Board of Commissioners November
4 1945
CITY CLERK