89-9357 SAA GO Bonds(Published in The Salina Journal November /%, 1989)
ORDINANCE NUMBER 89-9357
AN ORDINANCE UNCONDITIONALLY APPROVING THE RESOLUTION OF
THE SALINA AIRPORT AUTHORITY TO ISSUE $3,500,000 GENERAL OBLIGATION
BONDS OF THE AUTHORITY TO PAY THE COSTS FOR CERTAIN
IMPROVEMENTS TO PROPERTIES AND FACILITIES OWNED BY THE AUTHORITY.
WHEREAS, the Board of Directors of the Salina Airport Authority on
October 11, 1989, adopted a resolution determining that it was necessary and
desirable for the Authority to make certain improvements to its properties and
facilities, including construction, acquisition and rehabilitation of manufacturing
facilities and pilot training facilities and to issue general obligation bonds of the
Authority in an amount of not to exceed $3,500,000 to pay the cost of such
improvements as authorized by K.S.A. 27-315 to 27-326, inclusive; and,
WHEREAS, it is necessary that the Governing Body of the City of
Salina, Kansas, unconditionally approve said resolution in order for the Salina
Airport Authority to issue said general obligation bonds; SO NOW, THEREFORE
Kansas:
BE IT RESOLVED by the Governing Body of the City of Salina,
Section 1. That the resolution of the Salina Airport Authority
determining that it is necessary and desirable for the Authority to make certain
improvements to its properties and facilities, including construction, acquisition
and rehabilitation of manufacturing facilities and pilot training facilities and to
issue general obligation bonds of the Salina Airport Authority in an amount not
exceeding $3,500,000 to pay for the costs of such improvements as authorized by
K.S.A. 27-315 to 27-326, inclusive, be and the same is hereby unconditionally
approved.
Adopted by the Board of Commissioners and signed by the Mayor this
6th day of November, 1989.
[SEAL]
ATTEST:
Jacque ine Shiever, City Clerk
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