09-16-1976 Minutes1
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City of Salina, Kansas
Special Meeting of the Board
of Commissioners
September 16, 1976
The Special Meeting of the Board of Commissioners met in the Commission
Room, City -County Building, on Thursday, September 16, 1976, at 11:30 A.M. for
the purpose of:
Introducing an ordinance for first reading authorizing the issuance of
$1,000,000.00 Industrial Revenue Bonds for General Battery Corporation.
Introducing an ordinance for first reading authorizing the issuance of
$7,000,000.00 Industrial Revenue Bonds for General Battery Corporation.
There were present:
Mayor Gerald F. Simpson, Chairman presiding
Commissioner Robert C. Caldwell
Commissioner W. M. Usher
Commissioner Jack Weisgerber
comprising a quorum of the Board, also:
L. 0. Bengtson, City Attorney
Norris D. Olson, City Manager
D. L. Harrison, City Clerk
Absent:
Commissioner Keith G. Duckers
The City Attorney explained there are two series of bonds. Series "A"
for $1,000,000 is tax exempt and will be used for pollution controls and are
not insured; and Series "B" for $7,000,000 is not tax exempt but are guaranteed
by the United States Government through Farmers Home Administration.
A MOTION was made by Commissioner Usher, seconded by Commissioner
Weisgerber to introduce an ordinance for first reading entitled: "AN ORDINANCE
authorizing the City of Salina, Kansas, to acquire by purchase machinery and
equipment to be leased to General Battery Corporation; authorizing and directing
the issuance of $1,000,000 principal amount of Industrial Revenue Bonds, (General
Battery Corporation Project), Series A, of said City for the purpose of providing
funds to pay the cost of acquiring by purchase machinery and equipment to be
leased to General Battery Corporation; prescribing the form and authorizing the
execution of a lease by and between said City and General Battery Corporation."
Ayes: (4). Nays: (0). Motion carried.
Ordinance Passed: Number:
A MOTION was made by Commissioner Usher, seconded by Commissioner
Weisgerber to introduce an ordinance for first reading entitled: "AN ORDINANCE
authorizing the City of Salina, Kansas, to acquire the real property hereinafter
described and to construct and purchase buildings, improvements, fixtures,
machinery and equipment to be leased to General Battery Corporation, authorizing
and directing the issuance of $7,000,000 principal amount of Industrial Revenue
Bonds, (General Battery Corporation Project), Series B, of said City for the
purpose of providing funds to pay the cost of acquiring real property and to
construct and purchase buildings, improvements, fixtures, machinery and equipment
to be leased to General Battery Corporation, prescribing the form and authorizing
the execution of a lease by and between said City and said Company." Ayes: (4).
Nays: (0). Motion carried.
Ordinance Passed: Number:
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A MOTION was made by Commissioner Caldwell, seconded by Commissioner
Weisgerber that the Special Meeting of the Board of Commissioners be adjourned.
Ayes: (4). Nays: (0). Motion carried.
D. L. Harrison, City Clerk