88-3997 Issue Temporary Notes PT-99Kinn -Con Printing — Salina. Kansas
RESOLUTION NUMBER 88-3997
A RESOLUTION AUTHORIZING AND DIRECTING THE ISSUANCE OF
TEMPORARY NOTES OF THE CITY OF SALINA, KANSAS, IN AN AGGREGATE
PRINCIPAL AMOUNT NOT EXCEEDING $23,000.00 FOR THE PURPOSE OF
PROVIDING FUNDS TO PAY THE COST OF CERTAIN SIDEWALK IMPROVEMENTS
IN SAID CITY.
WHEREAS, pursuant to K.S.A. 12-6a01 to 12-6a17, inclusive, and all
other provisions of the laws of the State applicable thereto, by proceedings duly
had and other actions duly and legally taken, the City of Salina, Kansas (the
"City") , is proceeding with the street and utility improvements in the City (the
"Project") , and
WHEREAS, the cost of said improvement is to be paid in whole or in
part by the issuance of general obligation bonds of the City in the manner
provided by law, and
WHEREAS, it will be necessary from time
to
time
for the City to
provide cash funds to meet its obligations incurred in
acquiring
and constructing
the Project prior
to the completion of the Project and
the
issuance of the bonds
of the City, and
it is desirable and to the interest of
the
City
that such funds
be raised by the
issuance of temporary notes of the
City,
said
temporary notes
to be issued by
the City under and pursuant to
the
provisions
of K.S.A.
10-123, SO NOW,
THEREFORE
BE IT RESOLVED by the Governing Body of the City of Salina,
Kansas:
Section 1. For the purpose of providing funds to pay the cost of the
Project there shall be issued from time to time as required during the progress
work on the Project temporary notes of the City in an aggregate principal
amount not exceeding $23,000.00, hereby designated Series PT -99 (the "Notes").
. Section 2. The Notes shall be issued bearing such date, becoming due
not more than four years after date, in such principal amounts and bearing such
rate or rates of interest payable at maturity as may be fixed from time to time
by resolution of the City and upon such further terms specified in the form of
Note set forth in Section 4. The City shall have the right to redeem and pay
the Notes and each of them at any time prior to their maturity at the principal
amount thereof plus accrued interest to date of payment, provided the City shall
give not less than five days' notice of its intent to pay such Notes, said notice
to be given by publication once- in The Salina Journal, the official city
newspaper.
Section 3. The City Clerk shall keep the note registration books of
the City on which it shall record the initial and all subsequent registered owners
of the Notes and all transfers thereof. The Notes may be transferred on such
registration books as specified in the form of Note set forth, in Section 4.
Section 4. The Notes shall be issued in certificated form in
substantiallythe orm set forth in this Section subject to such changes and
variations as may be required to comply with the. Kansas Bond Registration Law,
K.S.A. 1984 Supp. 10-620 to 10-632, inclusive, and the rules and regulations
appertaining thereto published in the Kansas Register by the Attorney General
of the State of Kansas. The certificated Notes may have endorsed thereon such
legends or test as may be necessary or appropriate to conform to any applicable
rules and regulations of any governmental authority or any custom, usage or
requirement of law with respect thereto.
REGISTERED
NUMBER
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
MUNICIPAL TEMPORARY NOT
SERIES PT -99
Interest Maturity Note
Rate Date Date
REGISTERED HOLDER:
PRINCIPAL AMOUNT:
REGISTERED
$
THE CITY OF SALINA, KANSAS (the "City"), for value received,
hereby promises to pay to the Registered Holder identified above, or registered
assigns, on the Maturity Date identified above, unless called for redemption
prior to maturity, the Principal Amount identified above and to pay interest
thereon on the Maturity Date in the Interest Rate spec fied above from the Bond
Date identified above. Both principal and interest are payable to the Registered
Holder upon presentation and surrender hereof at the office of the City
Treasurer in the City of Salina, Kansas.
THIS NOTE is
THE CITY hereby reserves the right to redeem
and pay this Note at
the City Clerk of the City (hereinafter
any time prior to its maturity at the principal amount
thereof plus accrued
acting in that capacity)
interest to date of payment, provided the City shall give
not less than five days'
the Note Registrar duly
notice of its intent to pay this Note, such notice to be
given by publication once
by a written
in the official city newspaper.
satisfactory to the Note
Registrar duly
THIS TEMPORARY NOTE is one of a series
designated as Series PT -99 of the City in an authorized
of temporary notes
aggregate principal
or his attorney or legal
representative
and thereupon
a new Note in the same
amount not exceeding the sum of $23,000.00, issued under
and pursuant to the
transferee in exchange
provisions of K.S.A. 10-123, for the purpose of providing
funds to pay the cost
of certain street and utility improvements in the City (
he "Project"), the Project
having been duly and regularly authorized by the governing
body of the City.
The Project is to be paid for in whole or in part by th
issuance of bonds of the
City and is being made under the authority of and i
full compliance with the
provisions, restrictions and limitations of the constit
tion and statutes of the
State of Kansas, including K.S.A. 12-6a01 to 12-6a17
inclusive, and all other
provisions of the laws of said State applicable the
eto. This note and all
interest thereon are to be paid by the City.
THIS NOTE is
transferable only in the Note
Register at the office of
the City Clerk of the City (hereinafter
referenced as
the Note Registrar when
acting in that capacity)
upon surrender
of this Note to
the Note Registrar duly
endorsed for transfer
or accompanied
by a written
instrument of transfer
satisfactory to the Note
Registrar duly
executed byte
registered owner hereof
or his attorney or legal
representative
and thereupon
a new Note in the same
aggregate principal amount shall be
issued to the
transferee in exchange
therefor.
THIS NOTE shall not be valid or become obligatory for any purpose or
be entitled to any security or benefit under the Resolutions of the City
authorizing the issuance of this Note until the Certificate of Registration hereon
shall have been dated and executed by the Note Registrar.
IT IS HEREBY DECLARED AND CERTIFIED that all acts, conditions
and things required to be done and to exist precedent to and in the issuing of
this Note have been properly done and performed and do exist in regular and
due form as required by the constitution and laws of the State of Kansas, and
that the total indebtedness of the City, including this Note, does not exceed any
constitutional or statutory limitation.
Kuhn -C,. Printing — Salina, Kansas
1
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IN WITNESS WHEREOF, the City of Salina, Kansas, has caused this
Note to be signed by its proper officers and its corporate seal to be affixed,
and the same to be dated this day of , 198
/May6r
[SEAL]
ATTEST:
City Clerk
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CERTIFICATE OF REGISTRATION
This Temporary Note shall not be negotiable unless and until
countersigned below following registration by the Treasurer of the State of
Kansas. This Note has been registered as to principal and interest in the
registration books of the City of Salina, Kansas.
Registration Date:
[SEAL]
City Clerk
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CITY CLERK'S CERTIFICATE
STATE OF KANSAS )
) SS.
COUNTY OF SALINE )
I, the undersigned, City Clerk of the City of Salina, Kansas, hereby
certify that the within Temporary Note of the City of Salina, Kansas, has been
duly registered in my office according to law.
WITNESS my hand and official seal this
, 19 .
City Clerk
[SEAL]
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STATE TREASURER'S CERTIFICATE
1, , Treasurer of the State of Kansas, hereby certify
that a full and complete transcript of the proceedings leading up to the issuance
of this Temporary Note has been filed in my office, and that this Temporary
Note was registered in my office according to law this
WITNESS my had and official seal.
Treasurer of the State of Kansas
By
Assistant State Treasurer
[SEAL]
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K.h,C.. Printing — Salina, Kansas
1
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ASSIGNMENT
FOR VALUE RECEIVED the undersigned does (do) hereby sell, assign
and transfer to
( Name and Address)
(Social Security or Taxpayer Identifying
Number)
the note to which this assignment is affixed in the outstanding principal amount
of $ , standing in the name of the undersigned on the books of the
State Treasurer of Kansas. The undersigned does (do) hereby revocably
constitute and appoint attorney to transfer the
said bond to the substitution in the premises.
Dated:
ame
Account No.
Signature
(Sign Here Exactly as Name or Names
Appear on the Face of the Certificate)
(Signature Guarantee)
Section 5. The Notes shall be executed by the Mayor and City Clerk
and the Seal of the City shall be affixed thereto, and after such execution and
the registration of the Notes by the City Clerk and by the State Treasurer,
shall be countersigned by the City Clerk and shall be delivered to the purchaser
thereof upon receipt of the purchase price thereof, said price to be not less
than par plus accrued interest. The proceeds of the Notes shall be placed in
the City Treasury and applied solely to pay the cost of the Project.
Adopted by the Board of Commissioners and signed by. the Mayor this
22nd day of August, 1988.
S dne (S d rber
y o e g, , Mayor
[SEAL]
ATTEST:
i
�-�.,.c
Robert K. Biles, City Clerk