HomeMy WebLinkAboutResolution 2154 Sale of Industrial Development Revenue Bonds
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COMMISSION RESOLUTION NO. 2154
RESOLUTION APPROVING PROCEEDING WITH THE ISSUANCE AND SALE OF
$4,000.000. OF INDUSTRIAL DEVELOPMENT REVENUE BONDS (MONTANA
BANK OF BOZEMAN PROJECT) SERIES 1979
WHEREAS, notice of hearing on the proposal to issue $4,000,000 aggregate
principal amount of Industrial Development Revenue Bonds (Montana Bank of Bozeman
Project) Series 1979 of the City of Bozeman, Montana, pursuant to the provisions
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of Sections 90-5-101 through 90-5-113, inclusive, M.C.A. 1978, as amended, has been
published as required by law; and
WHEREAS, a public hearing has been held at the time and place as specified
in said notice of hearing and any and all objections or other comments relating to
such Bonds have been heard and it is deemed to be in the best interests of the City
of Bozeman, Montana, that said Bonds be issued as proposed; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, AS FOLLOWS:
Secti on 1. That any and all objections to the issuance of the above mentioned
Bonds for the benefit of Montana Bank of Bozeman, a bank organized under the laws of
the State of Montana, are hereby overruled.
Section 2. That this Commission shall proceed with the necessary proceedings
relating to the issuance of said Bonds as soon as the required documentation has been
prepared by Counsel, and approved by the Attorney of said City.
Section 3. That said Bonds, if issued, and the interest thereon, shall not I
constitute or give rise to a pecuniary liability of the City, of a charge against the
general credit or taxing powers of the City of Bozeman, Montana, but shall be payable
solely from payments to be made under a loan agreement or a lease agreement between
the City and either the Montana Bank of Bozeman or the Bozeman Bancorporation, Inc.
Section 4. That all resolutions and parts thereof in conflict herewith are hereby
repealed to the extent of such conflict.
Adopted and approved, December 12, 1979.
CITY OF BOZEMAN, MONTANA
MAYOR
ATTEST:
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Clerk of theity Co~on
I, Erna V. Harding, being first duly sworn, do hereby depose and certify that I
am the duly appointed, qualified and acting Clerk of the Commission of the City of
...
Bozeman, State of Montana; that as such I have in my possession, or have access to,
the complete corporate records of said City and of its Commission and officers; that
I have carefully compared the transcript hereto attached with the aforesaid corporate
records; and that said transcript hereto attached is a true and correct and complete
copy of all of the corporate records showing the action taken by the Commission of
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said City at a meeting open to the public on August 29, 1979, holding a public hear-
ing on the issuance of $4,000,000 aggregate principal amount of Industrial Develop-
ment Revenue Bonds (Montana Bank of Bozeman Project) Series 1979, of the City of Boze-
man, Montana.
COMMISSION RESOLUTION NO. 2154
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WITNESS my hand and the Corporate Seal of said City hereto affixed at Bozeman,
Montana this 12th day of Decmeber, 1979.
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Cl erk of the ity Co . s i an_
I STATE OF MONTANA )
ss.
COUNTY OF GALLATIN )
Subscribed and sworn to before me this day, the date last above written.
~~...~~
otary Publ i c n and for the
State of Montana
My Commission expires March 15, 1982.
State of Montana )
County of Gallatin)
City of Bozeman )
I, Erna V. Harding, Clerk of the Commission of the City of Bozeman do hereby
certify that the foregoing Resolution No. 2154 was published by number and title
in the Bozeman Daily Chronicle, a newspaper of general circulation printed and
published in said City, in the issue dated the 20th day of December. 1979. and due
proof of such publication is on file in my office.
I IN WITNESS WHEREOF I hereunto set my hand and affix the corporate seal of my
office this 31st day of March 1980.
ission
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COMMISSION RESOLUTION NO. 2154
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