05-30-1978 Minutes1
City of Salina, Kansas
Special Meeting of the Board
of Commissioners
May 30, 1978
The Special Meeting of the Board of Commissioners met on Tuesday,
May 30, 1978, at 4:00 P.M., for the purpose of adopting a resolution relating
to the issuance of one bond for each maturity date for the Advance Refunding
of Water and Sewerage Bonds.
There were present:
Mayor Jack Weisgerber, Chairman presiding
Commissioner Keith G. Duckers
Commissioner Dan S. Geis
Commissioner Gerald F. Simpson
comprising a quorum of the Board, also:
L. 0. Bengtson, City Attorney
Norris D. Olson, City Manager
D. L. Harrison, City Clerk
Absent:
Karen M. Graves, Commissioner
A RESOLUTION was introduced and passed entitled: "WHEREAS, the
Combined Water and Sewage System Refunding Revenue Bonds, Series of 1978, in
the principal amount of $4,394,000 (the "Bonds''), have been rated "A" by Moody's
Investor Service, Inc. and the delivery of such Bonds must be accomplished by
June 1, 1978, in order to comply with current regulations of the Internal Revenue
Service, and
WHEREAS, the Bonds which are authorized by Ordinance Number 8635,
adopted by the City Commission on May 15, 1978, have not been printed in
definitive form at this time and it is necessary to issue a single temporary
bond for each maturity as provided in Ordinance Number 8635, said temporary
;bonds being in the total principal amount of $4,394,000, which temporary bonds
(will be converted into coupon bonds in definitive form as set forth in said
Ordinance Number 8635. A motion was made by Commissioner Simpson, seconded by
!Commissioner Duckers to adopt the Resolution as read and the following vote
!was had: Ayes: Duckers, Geis, Simpson, Weisgerber (4). Commissioner Graves
absent. Nays: (0). Carried. The Mayor approved the Resolution and it is
numbered 3371•
A MOTION was made by Commissioner Duckers, seconded by Commissioner
Simpson to authorize the Mayor to sign a "Notice of Exercise of Option" with
The First National Bank and Trust Company of Salina.Ayes: (4). Nays: (0).
Motion carried.
A MOTION was made by Commissioner Geis, seconded by Commissioner
Simpson that the Special Meeting of the Board of Commissioners be adjourned.
Ayes: (4). Nays: (0). Motion carried. The meeting adjourned at 4:10 P.M.
&2�
D. L. Harrison, City Clerk