1036 Issue Notes9
WHEREAS, by Ordinance Number A-417 there has been appropriated from and
transferred by the Waterworks Department Fund to the City of Salina
Construction Fund (Park Improvements), the sum of $10,OUO.UO; which sum
is to be returned from Construction Fund to Waterworks Department Fund as
soon as park improvement is completed and the cost thereof is ascertained
and bonds are issued 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 $10,000.00 from the Waterworks Department Fund to the City of
Salina Construction Fund (Park Improvements) as above mentioned, and the
debt thereby created, by issuing a temporary note to be held by said Water-
works Fund (Investment Account), and payable out of the said City of Salina
Construction Fund. NOV! THEREFORE:
BE IT RESOUTED by the Board of Commissioners of the City of Salina, Kansas
Section 1. That Temporary Note to be signed by the Mayor and City
Clerk, in the sum of $10,000.00 dated March 15, 1948, payable to the order
of the Waterworks Department Fund of the City of Salina, Kansas and payable
out of the City of Salina Construction Fund, is hereby authorized, such note
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 park improvements in the City of Salina., Kansas.
Section 2. That Te7loorary Tiote shall be issued bearing interest at the
rate of one per cent (1J) per annurA, from the date thereof until paid.
Introduced and Passed: March 15, 1948.
(SEAL) Al Noyce
Mayor
Attest:
Chas. E. Banker
City Clerk
STATE OF KANSAS )
SS
COUNTY OF SALINE )
I, Chas. E. Banker, City Clerk of the City of Salina, Kansas, do hereby
certify that this is a true and correct copy of Resolution Number 1036, passed
and approved by the Board of Commissioners on March 15, 1948.
Ciby Clerk