1003 Issue Temporary NotesWHEREAS, by Ordinance Number A-391 there has been appropriated from and
transferred by the Waterworks Department Fund to the City of Salina Construction
Fund (Sanitary Sewer Project) the sum of $5,311.50; and to the Construction
Fund (Curb, Gutter and/or Paving Project) the sum of $28,222.89, which sum is
to be returned from Construction Fund to Waterworks Fund, as soon as the
Construction of said sewer, curbing, ,uttering and paving improvements is com-
pleted, and the cost thereof is ascertained and bonds are issued in an amount
necessary to take care of the balance of such costs, and
Vf'JM4REAS$ it is deemed necessary and proper to evidence the advancing
of said sum of $5,311.50 and $28,222.89 from the Watenniorks Department Fund
to the City of Salina Construction Fund above mentioned, and the debt thereby
created, by issuing temporary notes to be held by said Waterworks Fund
(Investment Account), and payable out of said City of Salina Construction
Fund.
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 $5,311.50 and $28,222.89$ dated August 19, 1947, payable
to the order of the Waterworks Fund of the City of Salina, Kansas, and payable
out of the City of Salina Construction Fund, is hereby authorized, such notes
to be payable out of such fund after there has been received and paid into
such fund the proceeds from the sale of bonds to be authorized in payment
of the cost of curbing, guttering, paving and sewer improvements in the City
of Salina, Kansas*
Section 2. That Temporary Notes shall be issued bearing interest at
the rate of one per cent (1%) per annum, from the date thereof until paid.
Introduced and passed, August 18, 1947
(SEALT) Al Noyce
Attest: Mayor
Chad. E. Banker
City Clerk
STATE OF UNSAS
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 1003, passed and approved by the Board of Commissioners
on August 18, 1947.
/12'
City Clerk