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Statements RUN DATE 11/02/2010 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA • CITY OF ONI IA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-B BI # 0322071504383 FROM 10/01/2010 TO 10/31/2010 Date Interest Principal 10/01/2010 BEGINNING BALANCE 37,158.75 380,000.00 RECEIPTS DISBURSEMENTS CO-AGENTS CALLS MATURITIES 380,000.00- COUPON PAYMENTS REGISTERED INTEREST 37,158.75- PRINCIPAL PAYDOWNS • OFFSETS 10/31/2010 ENDING BALANCE ***THIS IS NOT A BILLING STATEMENT*** • RUN DATE 08/12/2013 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322050104300-SALINA CITY OF SALINA GENERAL OBLIGATION REFUND:,. INDS SERIES 2004-A BI # 0322050104300 FROM 07/01/2013 TO 07/31/2013 Date Interest Principal 07/01/2013 • BEGINNING BALANCE RECEIPTS 08/01/2013 14,093.75 400,000.00 DISBURSEMENTS CO-AGENTS CALLS MATURITIES COUPON PAYMENTS REGISTERED INTEREST PRINCIPAL PAYDOWNS • OFFSETS 07/31/2013 ENDING BALANCE 14,093.75 400,000.00 ***THIS IS NOT A BILLING STATEMENT*** • • • .t 3g3 EXCEPT AS OTHERWISE PROVIDED IN THE RESOLUTION (DESCRIBED • HEREIN), THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY (DESCRIBED HEREIN) OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. REGISTERED REGISTERED NUMBER R-6 $)`d4,DDo.00 UNITED STATES OF AMERICA •• ••• • • •• • •• • STATE OF KANSAS •• •••• COUNTY OF SALINE ••"'• ,••••• f CITY OF„SALINA, / s,,,,••:• GENERAL OBLIGATION INTERNAL IMPROVEMENT BON&••• •• SERIES20904gB •• • ••••• Interest Maturity Dated CUSIP;•••. Rate: 3.125% Date: October 1, 2010 Date: July 15, 2004 794743t44 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: THREE HUNDRED EIGHTY THOUSAND DOLLARS W KNOW ALL PERSONS BY THESE PRESENTS: That the City of Salina, in the County of m 0 • Saline, State of Kansas (the "City"), for value received, hereby acknowledges itself to be indebted and Z promises to pay to the registered owner identified above, or registered assigns, as of the Record Dates as 2 o hereinafter provided on the Maturity Date identified above, the Principal Amount identified above, and in : W like manner to pay interest on such Principal Amount from the Dated Date shown above or from the most O recent interest payment date to which interest has been paid or duly provided for at the rate of interest per 0 annum set forth above (computed on the basis of a 360-day year of twelve 30-day months), semiannually on April 1 and October 1 of each year, commencing April 1, 2005 (the "Interest Payment Dates"), until m the Principal Amount is paid, unless this Bond shall have been previously called for redemption and z E payment as hereinafter set forth. 0 • The principal of premium, if any, and interest on this Bond shall be payable by the Treasurer of -c ._ the state of Kansas,Topeka, Kansas(the "Paying Agent" and "Bond Registrar"). The principal of and any CO Z premium on this Bond shall be payable to the registered owner hereof upon presentation of this Bond at n the maturity or redemption date to the Paying Agent for payment and cancellation. The interest payable C on this Bond on any interest payment date shall be paid to the person in whose name this Bond is 33 registered on the Bond Register at the close of business on the fifteenth day of the month preceding the interest payment date (the "Record Date") for such interest (a) by check or draft mailed by the Paying < Agent to such Registered Owner at the address shown on the Bond Register or at such other address as is furnished to the Paying Agent in writing by such Registered Owner or (b) in the case of an interest 03 payment to any Registered Owner of $500,000 or more in aggregate principal amount of Bonds, by 0 electronic transfer to such Registered Owner upon written notice given to the Paying Agent by such Registered Owner not less than 15 days prior to the Record Date for such interest, containing the electronic transfer instructions including the bank (which shall be in the continental United States), - • address, ABA routing number and account number to which such Registered Owner wishes to have such �'!ite tr�" Cfllnrlcate 1a r,:esenle..'b'^ 0 1 Oli.'hnr vz g rc1 nt ++ 'tip l transfer directed�.t�fhe pnnclPale;prein}um, if.atiy and S, e-. est qh the o We tte.tn l tie ph5)gentftany coin t "(CIS, t. °ork, , W .... ...,, a- 1.:, otient fo, ii: the Dame elr ..1.. uC,- Airy . RAtv,,, n .. OR in F IU'7 P:?:;" uo z siiiieze<4 ownow Jose-ce Cede is C.'.o. twit ra., t:.1t4Ch 4. AOrMAa, • or currency which, on the respective dates of payment thereof, is legal tender for the payment of debts due the United States of America. The Bonds constitute general obligations of the City payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of certain portions of the improvements being financed and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The balance of the principal and interest on the Bonds shall be payable from ad valorem taxes which may be levied without limitation as ID•ra'te or amount upon all the taxable tangible property, real and personal, within the territorial limits of th. City. The full faith, credit and resources of the City are irrevocably pledged for the payment 4f the pti4vipel of and interest on this Bond and the issue of which it is a part as the same respectively tecbnie due. • • • • This Bond is one of an authorized series of Bonds of the City designated;ilietrat OCfitation Internal Improvement Bonds, Series 2004-B," in an aggregate principal amount of ^;4,0533 QS•fthe "Bonds") issued for the purposes set forth in the Ordinance of the City authorizingthe,,issuance of the • • Bonds and the Resolution of the City prescribing the form and details of the•Bonds (joiMily.t he "Resolution"). The Bonds are issued by the authority of and in full compliance with the pn eistons, restrictions and limitations of the Constitution and laws of the state of Kansas, including,•v4it}tout limitation, K.S.A. 10-101 et seq., K.S.A. 12-6a01 et seq., K.S.A. 12-685 et seq. and K.S.A. 12-4V1 et seq., all as amended. At the option of the City, Bonds maturing on October 1, 2013, and thereafter may be called for redemption and payment prior to maturity on October 1, 2012 and thereafter, in whole or in part at any • time, in such principal amounts for such maturities as shall be determined by the City at the redemption price of 100% (expressed as a percentage of the principal amount), plus accrued interest thereon to the • date of redemption. Unless waived by any owner of the Bonds to be redeemed, if the City elects to call any Bonds for redemption and payment prior to maturity, the City or the Bond Registrar and Paying Agent on behalf of the City shall give written notice of its intention to call and pay such Bonds on a specified date, the same being described by maturity, such notice to be mailed by United States first class mail addressed to the Owners of the Bonds not less than 30 days prior to the date fixed for redemption. All Bonds so called for redemption and payment shall cease to bear interest from the date for which such call is made, provided funds are available for the payment of such Bonds at the price specified above. The Bonds are being issued by means of a book-entry system with no physical distribution of bond certificates to be made except as provided in the Resolution. One Bond certificate with respect to each date on which the Bonds are stated to mature, registered in the nominee name of the Securities Depository, is being issued and required to be deposited with the Securities Depository and immobilized in its custody. The book-entry system will evidence positions held in the Bonds by the Securities Depository's participants, beneficial ownership of the Bonds in authorized denominations being evidenced in the records of such participants. Transfers of ownership shall be effected on the records of the Securities Depository and its participants pursuant to rules and procedures established by the Securities Depository and its participants. The City, the Bond Registrar and the Paying Agent will recognize the Securities Depository nominee, while the registered owner of this Bond, as the owner of this Bond for all purposes, including (i) payments of principal of, and redemption premium, if any, and interest on, this Bond, (ii)notices and (iii) voting. Transfers of principal, interest and any redemption premium payments to participants of the Securities Depository, and transfers of principal, interest and any • redemption premium payments to beneficial owners of the Bonds by participants of the Securities Depository will be the responsibility of such participants and other nominees of such beneficial owners. -2- • The City, the Bond Registrar and the Paying Agent will not be responsible or liable for such transfers of payments or for maintaining, supervising or reviewing the records maintained by the Securities Depository, the Securities Depository nominee, its participants or persons acting through such participants. While the Securities Depository nominee is the owner of this Bond, notwithstanding the provision hereinabove contained, payments of principal of and interest on this Bond shall be made in accordance with existing arrangements among the City, the Bond Registrar and the Securities Depository. EXCEPT AS OTHERWISE PROVIDED IN THE RESOLUTION, THIS GLOBAL BO•IVR•j4AY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER i IOMINEE•Ql.THE SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPC►SI'11JkY OR WO A •„• NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. The Bonds are issued in:fully 4-egfttered form in the denomination of$5,000 or any integral multiple thereof except one Bw id.wraturin(i'ri 2005 will be in the denomination of $8,000 or any integral multiple of$5,000 in excess thereof. T:his•Bond may be exchanged at the office of the Bond Registrar for a like aggregate principajitfOynt of Bonds of • • the same maturity of other authorized denominations upon the terms provided in theRasdution. ••• ••The City and the Bond Registrar may deem and treat the registered owner hereof as tha absolute owner hereof for purposes of receiving payment of or on account of principal hereof and interest due hereon and for all other purposes and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. This Bond is transferable by the registered owner hereof in person or by the registered owner's agent duly authorized in writing, at the office of the Bond Registrar,but only in the manner, subject to the limitations and upon payment of the charges provided in the Resolution and upon surrender and • cancellation of this Bond. The City shall pay all costs incurred in connection with the issuance, payment and initial registration of the Bonds and the cost of a reasonable supply of bond blanks. The City and the Bond Registrar shall not be required to issue, register, transfer or exchange any Bonds during a period beginning on the day following the Record Date preceding any Interest Payment Date and ending at the close of business on the Interest Payment Date or Bonds which have been called for redemption in accordance with Article III of the Resolution. IT IS HEREBY DECLARED AND CERTIFIED that all acts, conditions, and things required to be done and to exist precedent to and in the issuance of this Bond have been properly done and performed and do exist in due and regular form and manner as required by the Constitution and laws of the state of Kansas, and that the total indebtedness of the City, including this series of bonds, does not exceed any constitutional or statutory limitation. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication and Registration hereon shall have been lawfully executed by the Bond Registrar. • -3- • IN WITNESS WHEREOF, the City has caused this Bond to be executed by the manual or facsimile signature of its hiayor and attested by the manual or facsimile signature of its City Clerk, and its corporate seal to be affixed hereto or imprinted hereon, and this Bond to be dated the Dated Date shown above. -00F CITY OF SALINA, KANSAS 01 7070 i s 7410 •• •• ayor •• ••• ATTEST: .•••• • • By /J t 7 ....• • City Clerk ••••• •• • •••••• ••••• CERTIFICATE OF AUII-IENTICA[ION AND REGISTRATION This Bond is one of a series of General Obligation Internal Improvement Bonds, Series 2004-13, of the City of Salina, Kansas, described in the within-mentioned Resolution. • Registration Date: JUL 2 8 2004 Office of the State Treasurer_ Topeka, Kansas as Bond Registrar and Paying Agent ___ By: _ _ y ntivt-0---_ Registration Number: 0322-085-071504-383 • -4- • • BOND ASSIGNMENT FOR VALUE RECEIVED, the undersigned do(es)hereby sell, assign and transfer to • • (Name and Address) •••• • • • • •••• • • • ••• • • •••• •••• (Social Security or Taxpayer Identification No.) ' •,••••• • • • •• • the Bond to which this assignment is affixed in the outstanding principal amount of•S standing in the name of the undersigned on the books of the Bond Registrar. Thetpylersigneiido(es) •••• hereby irrevocably constitute and appoint as agent to transfer said W ird on the books of said Bond Registrar with full power of substitution in the premises.,••134ted Name • Social Security or Taxpayer Identification No. Signature (Sign here exactly as name(s) appear on the face of Certificate) Signature guarantee: By [Name of Eligible Guarantor Institution as defined by SEC Rule l7ad-15 (12CFR 240.17 Ad-15) or any similar rule which the Note Registrar deems applicable] • -5- • CERTIFICATE OF CITY CLERK STATE OF KANSAS ) SS. COUNTY OF SALINE ) I, the undersigned, City Clerk of Salina, Kansas, hereby certify that the vwith i Bond•titts•6een duly registered in my office • according to law as of July 15, 2004. • • • • • •• •••• . • WITNESS my hand and official seal. •••• • • i OFS, ///� jam •••••• {I I 1870 City Clerk •• • Go; ••••. ••••� y y` i. CERTIFICATE OF STATE TREASURER OFFICE OF THE TREASURER, STATE OF KANSAS I, LYNN JENKINS, Treasurer of the State of Kansas, do hereby certify that a transcript of the proceedings leading up to the issuance of this Bond has been filed in my office, and that this Bond was registered in my office according to law on jui 2 8 200% WITNESS my hand and official seal. j (Facsimile Seal) �/- L -Treasurer of_the.State.n.EK.gIlUk.,. • _�- • • • LEGAL OPINION I, the undersigned, City Clerk of the City of Salina, Kansas, hereby certify that the folloti!ingis a true and correct copy of the approving legal opinion of Gilmore & Bell, a Professional Coq ration, Attorneys at Law, Kansas City, Missouri, on the within Bond and the series of which it is a pastlexcept that it omits the date of such opinion; that the opinion was manually executed and w t giaaied and issued as • of the date of delivery of and payment for the Bonds and is on file in my office. ."". By L // -1 CLL n /�CJ'"n • City Clerk 0000 •• • . • • 0000 Governing Body of the City of Salina, Kansas Salina, Kansas Wachovia Securities • Dallas, Texas Re: $4,053,000 General Obligation Internal Improvement Bonds, Series 2004-B, of the City of Salina,Kansas, Dated July 15, 2004 We have acted as bond counsel in connection with the issuance by the City of Salina, Kansas (the "City") of the above-captioned bonds (the "Bonds"). We have examined the law and such certified proceedings and other documents as we deem necessary to render this opinion. As to questions of fact material to our opinion, we have relied upon the certified proceedings and other certifications of public officials furnished to us without undertaking to verify the same by independent investigation. Based upon the foregoing, we are of the opinion, under existing law, as follows: 1. The Bonds are valid and legally binding general obligations of the City, payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of certain portions of the improvements being financed and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The balance of the principal of and interest on the Bonds is payable from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal,within the territorial limits of the City. • -7- 2. The interest on the Bonds (including any original issue discount properly allocable to an • owner thereof) is excluded from gross income for federal income tax purposes and is not an item of tax preference for purposes of the federal alternative minimum tax imposed on individuals and corporations. It should be noted, however, that for the purpose of computing the alternative minimum tax imposed on corporations (as defined for federal income tax purposes), such interest is taken into account in determining adjusted current earnings. The opinions set forth in this paragraph are subject to the condition that the City comply with all requirements of the Internal Revenue Code of 1986, of amended (the "Code"), that must be satisfied subsequent to the issuance of the Bonds in order that interest t ereon be, or continue to be, excluded from gross income for federal income tax purposes. Thg•Ettyhas covenanted to comply with each such requirement. Failure to comply with certaip•of•Sgch requ$ements • • may cause the inclusion of interest on the Bonds in gross income for federal'e• ome tax Airposes •• retroactive to the date of issuance of the Bonds. The Bonds are "qualified tax-exempt;obligatjQQS• for • • purposes of Section 265(b)(3) of the Code and, in the case of certain financial iti!ritdflons (within the meaning of Section 265(b)(5) of the Code), a deduction is allowed for 80 percent of that portion of such financial institution's interest expense allocable to interest on the Bonds. W: express no opinion •••••• regarding other federal tax consequences arising with respect to the Bonds. "•' •••.'. •• • 3. The interest on the Bonds is exempt from Kansas income taxation. ••,.•' We have not been engaged or undertaken to review the accuracy, completeness or sufficiency of the Official Statement or other offering material relating to the Bonds (except to the extent, if any, stated in the Official Statement) and we express no opinion relating thereto (excepting only the matters set forth as our opinion in the Official Statement). It is to be understood that the rights of the owners of the Bonds and the enforceability thereof may • be subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors' rights heretofore or hereafter enacted to the extent applicable and their enforcement may be subject to the exercise ofjudicial discretion in appropriate cases. Very truly yours, GILMORE & BELL. P.C. • -8- RUN DATE 04/04/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-B BI # 0322071504383 FROM 03/01/2011 TO 03/31/2011 Date Interest Principal 03/01/2011 BEGINNING BALANCE RECEIPTS 04/01/2011 31,221.25 DISBURSEMENTS CO-AGENTS CALLS MATURITIES COUPON PAYMENTS REGISTERED INTEREST PRINCIPAL PAYDOWNS OFFSETS 03/31/2011 ENDING BALANCE 31,221.25 ***THIS IS NOT A BILLING STATEMENT*** RUN DATE 05/03/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-B BI # 0322071504383 FROM 04/01/2011 TO 04/30/2011 Date Interest Principal 04/01/2011 BEGINNING BALANCE 31,221.25 RECEIPTS DISBURSEMENTS CO-AGENTS CALLS MATURITIES • COUPON PAYMENTS REGISTERED INTEREST 31,221.25- PRINCIPAL PAYDOWNS OFFSETS 04/30/2011 ENDING BALANCE ***THIS IS NOT A BILLING STATEMENT*** RUN DATE 10/04/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-8 BI # 0322071504383 FROM 09/01/2011 TO 09/30/2011 Date Interest Principal 09/01/2011 BEGINNING BALANCE RECEIPTS 10/01/201.1 31,221.25 380,000.00 DISBURSEMENTS CO-AGENTS CALLS MATURITIES COUPON PAYMENTS REGISTERED INTEREST PRINCIPAL PAYDOWNS OFFSETS 09/30/2011 ENDING BALANCE 31,221.25 380,000.00 ***THIS IS NOT A BILLING STATEMENT*** RUN DATE 11/02/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-B BI # 0322071504383 FROM 10/01/2011 TO 10/31/2011 Date Interest Principal 10/01/2011 BEGINNING BALANCE 31,221.25 380,000.00 RECEIPTS DISBURSEMENTS CO-AGENTS CALLS MATURITIES 380,000.00- COUPON PAYMENTS REGISTERED INTEREST 31,221.25- PRINCIPAL PAYDOWNS OFFSETS 10/31/2011 ENDING BALANCE ***THIS IS NOT A BILLING STATEMENT*** •• • . . . . . •.• 4 5g3 EXCEPT AS OTHERWISE PROVIDED IN THE RESOLUTION (DESCRIBED HEREIN), THIS GLOBAL BO,P,ID;WAY pc utANSJ ERJt.ED, IN WHOLE BUT NOT IN PART, ONLY TO 4NOTIIEK OMINEt Or THE SECURITIES DEPOSITORY (DESCRIBED 4EIZEIN) brt. � A BLdOCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. ••. .i.. •• • • • •• • • • • • REGISTERED REGISTERED NUMBER R-7 $380,000.00 UNITED STATES OF AMERICA STATE OF KANSAS COUNTY OF SALINE CITY-OF SALIN'At GENERAL OBLIGATION INTERNAL IMPROVEMENT BOND SERIES 2004-B Interest Maturity Dated CUSIP: Rate: 3.300% Date: October 1, 2011 Date: July 15, 2004 794743 C51 REGISTERED OWNER: CEDE &CO. PRINCIPAL AMOUNT: THREE HUNDRED EIGHTY THOUSAND DOLLARS N CEI KNOW ALL PERSONS BY THESE PRESENTS: That the City of Salina, in the County of e Z Saline, State of Kansas (the "City"), for value received, hereby acknowledges itself to be indebted and 9- 0 promises to pay to the registered owner identified above, or registered assigns, as of the Record Dates as hereinafter provided on the Maturity Date identified above, the Principal Amount identified above, and in O like manner to pay interest on such Principal Amount from the Dated Date shown above or from the most O recent interest payment date to which interest has been paid or duly provided for at the rate of interest per X annum set forth above (computed on the basis of a 360-day year of twelve 30-day months), semiannually _ on April I and October 1 of each year, commencing April 1, 2005 (the "Interest Payment Dates"), until 1TI g the Principal Amount is paid, unless this Bond shall have been previously called for redemption and Z payment as hereinafter set forth. -I 0 The principal of, premium, if any, and interest on this Bond shall be payable by the Treasurer of N the state of Kansas,Topeka, Kansas(the "Paying Agent" and "Bond Registrar"). The principal of and any m Z premium on this Bond shall be payable to the registered owner hereof upon presentation of this Bond at 0 —I the maturity or redemption date to the Paying Agent for payment and cancellation. The interest payable C on this Bond on any interest payment date shall be paid to the person in whose name this Bond is registered on the Bond Register at the close of business on the fifteenth day of the month preceding the "I interest payment date (the "Record Date") for such interest (a) by check or draft mailed by the Paying Agent to such Registered Owner at the address shown on the Bond Register or at such other address as is W furnished to the Paying Agent in writing by such Registered Owner or (b) in the case of an interest • 0 payment to any Registered Owner of $500,000 or more in aggregate principal amount of Bonds, by Z electronic transfer to such Registered Owner upon written notice given to the Paying Agent by such 0 Registered Owner not less than 15 days prior to the Record Date for such interest, containing the electronic transfer instructions including the bank (which shall be in the continental United States), address,ABA routtngnumber and ac"count number to which such C R+Ye' , !i s itte.r t l t v d o 1:O t r.. r iu3 .F ` 1 J(v t(P ave such transfer dirPetedulT,Iie fsecoaypifd1 4irrP y pH 5m2 a e shjl1 be,pa e ig,,any coin 17u81 C {�r ].2. si 4e. . h :y Ir tr /A t u • tegistrnion C :.2.kurcI,bcchax r •:SS ;Tt (. v ill tiI nuxe of (`c. rte fk co.?rid ocT yystertnift ie yr.} t0 ; J. co., a.;; , t • •.i P4t,4CE Or r„'r , P.f Ltiic19111 har.it , -.._ _ ••• • • • •• or currency which, on the respective dates of payment thereof, is legal tender for the payment of debts due the United States of America. The Bon4scootjtute•grnefl obl gatiggs of the City payable as to both principal and interest in part from special bs:es'sr8edts levied :won: the property benefited by the construction of certain portions of the imj,ibvernents f eing!ittancea•arrcc,•if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the.Gityi Tke lxi4ance of the principal and interest on the Bonds shall be payable from ad valorem taxestvlych may e levied without limitation as to rate or amount upon all the taxable tangible property, rea.land persortaa•Lvithin the terTitorial limits of the City. The full faith, credit and resources of the City are irrevocably pledged for the payment of the principal of and interest on this Bond and the issue of which it is'a part as the same respectively become due. This Bond is one of an authorized series of Bonds of the City designated "General Obligation Internal Improvement Bonds, Series 2004-B," in an aggregate principal amount of S4,053,000 (the "Bonds") issued for the purposes set forth in the Ordinance of the City authorizing the issuance of the Bonds and the Resolution of the City prescribing the form and details of the Bonds (jointly, the "Resolution"). The Bonds are issued by the authority of and in full compliance with the provisions, restrictions and limitations of the Constitution and laws of the state of Kansas, including, without limitation, K.S.A. 10-101 et seq., K.S.A. 12-6a01 et seq., K.S.A. 12-685 et seq. and K.S.A. 12-2101 et seq., all as amended. At the option of the City, Bonds maturing on October 1, 2013, and thereafter may be called for redemption and payment prior to maturity on October 1, 2012 and thereafter, in whole or in part at any time, in such principal amounts for such maturities as shall be determined by the City at the redemption price of 100%, (expressed as a percentage of the principal amount), plus accrued interest thereon to the date of redemption. Unless waived by any owner of the Bonds to be redeemed, if the City elects to call any Bonds for redemption and payment prior to maturity, the City or the Bond Registrar and Paying Agent on behalf of the City shall give written notice of its intention to call and pay such Bonds on a specified date, the same being described by maturity, such notice to be mailed by United States first class mail addressed to the Owners of the Bonds not less than 30 days prior to the date fixed for redemption. All Bonds so called for redemption and payment shall cease to bear interest from the date for which such call is made, provided funds are available for the payment of such Bonds at the price specified above. The Bonds are being issued by means of a book-entry system with no physical distribution of bond certificates to be made except as provided in the Resolution. One Bond certificate with respect to each date on which the Bonds are stated to mature, registered in the nominee name of the Securities Depository, is being issued and required to be deposited with the Securities Depository and immobilized in its custody. The book-entry system will evidence positions held in the Bonds by the Securities Depository's participants, beneficial ownership of the Bonds in authorized denominations being evidenced in the records of such participants. Transfers of ownership shall be effected on the records of the Securities Depository and its participants pursuant to rules and procedures established by the Securities Depository and its participants. The City, the Bond Registrar and the Paying Agent will recognize the Securities Depository nominee, while the registered owner of this Bond, as the owner of this Bond for all purposes, including (i) payments of principal of, and redemption premium, if any, and interest on, this Bond, (ii)notices and (iii) voting. Transfers of principal, interest and any redemption premium payments to participants of the Securities Depository, and transfers of principal, interest and any redemption premium payments to beneficial owners of the Bonds by participants of the Securities Depository will be the responsibility of such participants and other nominees of such beneficial owners. -2- • ••• •••. ••. • . •• ••• • • • • • • • •• The City, the Bond Registrar and the Paying Agent will not be responsible or liable for such transfers of payments or for maintaining, supervis& pr•revigWjng; the record$ maintained by the Securities Depository, the Securities Depository $ontinie,• its iipaiticipais o; persons acting through such participants. While the Securities Depository nominee isThe oNmer of this Bond, notwithstanding the provision hereinabove contained, payments of principal of and interest on this Bond shall be made in accordance with existing arrangements among theiC•ity.•titrBold•Registrar and the Securities Depository. EXCEPT AS OTHERWISE PROVIDED IN`fHg RESOLUTION, THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. The Bonds are issued in fully registered form in the denomination of$5,000 or any integral multiple thereof except one Bond maturing in 2005 will be in the denomination of$8,000 or any integral multiple of $5,000 in excess thereof This Bond may be exchanged at the office of the Bond Registrar for a like aggregate principal amount of Bonds of the same maturity of other authorized denominations upon the terms provided in the Resolution. The City and the Bond Registrar may deem and treat the registered owner hereof as the absolute owner hereof for purposes of receiving payment of or on account of principal hereof and interest due hereon and for all other purposes and neither the City nor the Bond Registrar shall be affected by any notice to the contrary. This Bond is transferable by the registered owner hereof in person or by the registered owner's agent duly authorized in writing, at the office of the Bond Registrar, but only in the manner, subject to the limitations and upon payment of the charges provided in the Resolution and upon surrender and cancellation of this Bond. The City shall pay all costs incurred in connection with the issuance, payment and initial registration of the Bonds and the cost of a reasonable supply of bond blanks. The City and the Bond Registrar shall not be required to issue, register, transfer or exchange any Bonds during a period beginning on the day following the Record Date preceding any Interest Payment Date and ending at the close of business on the Interest Payment Date or Bonds which have been called for redemption in accordance with Article III of the Resolution. IT IS HEREBY DECLARED AND CERTIFIED that all acts, conditions, and things required to be done and to exist precedent to and in the issuance of this Bond have been properly done and performed and do exist in due and regular form and manner as required by the Constitution and laws of the state of Kansas, and that the total indebtedness of the City, including this series of bonds, does not exceed any constitutional or statutory limitation. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication and Registration hereon shall have been lawfully executed by the Bond Registrar. -3- • •• •• ••• • • • • • • • •• IN WITNESS WI-IERFOE the City has caused this Bond to be executed by the manual or facsimile signature of its Mayor and attessid bs•the.n:iaeal' faesSiiilelignature of its City Clerk, and its corporate seal to be affixed hereto or imps/meet effete-t anct this Bend to be dated the Dated Date shown ••• • • •$• ••• ••• above. c orsqe ••• ••C1T1:Cfi SAUNA. KANSAS S •1•• • \I' o_n or ATTEST: • Bye r City Clerk S • CERTIFICATE OF AUTI-IENTICATION AND REGISTRATION This Bond is one of a series of General Obligation Internal Improvement Bonds, Series 2004-13, of the City of Salina, Kansas, described in the within-mentioned Resolution. Registration Date:JUL 2 S 2004 Office of the State Treasurer, Topeka, Kansas as Bond Registrar and Paying Agent By: _ LOA / Registration Number: 0322-085-071504-383 • • -4- .. • . .. • . . . . . • • •• ... . . . B()NL)AS51r LJMX:NT • • ••• • • •1• • . . . FOR VALUE RECEIVED, the undersigned do(es) hereby sell, assign and transfer to • • • •• • (Namtt,tud Addressj••• (Social Security or Taxpayer Identification No.) the Bond to which this assignment is affixed in the outstanding principal amount of $ standing in the name of the undersigned on the books of the Bond Registrar. The undersigned do(es) hereby irrevocably constitute and appoint as agent to transfer said Bond on the books of said Bond Registrar with full power of substitution in the premises. Dated Name Social Security or Taxpayer Identification No. • Signature (Sign here exactly as name(s) appear on the face of Certificate) Signature guarantee: By [Name of Eligible Guarantor Institution as defined by SEC Rule l7ad-15 (I2CFR 240.17 Ad-15) or any similar rule which the Note Registrar deems applicable] -5- • • •• •••. . . . . • • •• ••• • • • • • CERTIPIa1:E•Ol: ITT CLERK ... • • ••• • • STATE OF KANSAS ) SS. ... .. .. ..•• • COUNTY OF SALINE ) ••• • • I, the undersigned, City Clerk of Salina, Kansas, hereby certify that the within Bond has been duly registered in my office according to law as of July 15, 2004. WITNESS my hand and official seal. 4t ie7o �3 City Clerk f, ay CERTIFICATE OF STATE TREASURER OFFICE OF THE TREASURER, STATE OF KANSAS I, LYNN JENKINS, Treasurer of the State of Kansas, do hereby certify that a transcript of the proceedings leading up to the issuance of this Bond has been filed in my office, and that this Bond was registered in my office according to law on 140L 2 8 . WITNESS my hand and official seal. (Facsimile Seal) J `Treasifeothe Stafe of Kansas -6- • :•. .• . . . • .• •.. • • • • • • • • .. • • •. •• • • • • •• . . . . • •TEGAL OItINIUlt1 • • • • ... ..... ..••I, the undersigned, City Clerk of the City of€alma, Kensjs, hereby certify that the following is a true and correct copy of the approving legal optdion of GileflOre & Bell, a Professional Corporation, Attorneys at Law, Kansas City, Missouri, on the within Bond and the series of which it is a part, except that it omits the date of such opinion; that the opinion was manually executed and was dated and issued as of the date of delivery of and payment for the Bonds and is on file in my office. By 0 y �lLu ,Lr-✓ vJ� City Clerk C Governing Body of the City of Salina, Kansas Salina, Kansas Wachovia Securities Dallas,Texas Re: $4,053,000 General Obligation Internal Improvement Bonds, Series 2004-B, of the City of Salina, Kansas, Dated July 15, 2004 We have acted as bond counsel in connection with the issuance by the City of Salina, Kansas (the "City") of the above-captioned bonds (the "Bonds"). We have examined the law and such certified proceedings and other documents as we deem necessary to render this opinion. As to questions of fact material to our opinion, we have relied upon the certified proceedings and other certifications of public officials furnished to us without undertaking to verify the same by independent investigation. Based upon the foregoing, we are of the opinion, under existing law, as follows: L The Bonds are valid and legally binding general obligations of the City, payable as to both principal and interest in part from special assessments levied upon the property benefited by the construction of certain portions of the improvements being financed and, if not so paid, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. The balance of the principal of and interest on the Bonds is payable from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property,real and personal, within the territorial limits of the City. •• • • •• •L • • • • • • • • •• ••• • • • • • • • • •• 2. The interest on the Bonds (including any original issue discount properly allocable to an owner thereof) is excluded from gross income For federal�s com tax purposes and is not an item of tax preference for purposes of the federal alter iatre;ittin nim;ax•imtosect on individuals and corporations. It should be noted, however, that for the,ite-ptiO of Qptfij C1ng th8•iltetwative minimum tax imposed on corporations (as defined for federal income tax purposes), such interest is taken into account in determining adjusted current earnings. The opjyioriis•.s;t forth in this paragraph are subject to the condition that the City comply with all requirentesis of the Irterdal Revenue Code of 1986, as amended (the "Code"), that must be satisfied subsequent tethe issiancooflhe Bonds in order that interest thereon be, or continue to be, excluded from gross income for federal income tax purposes. The City has covenanted to comply with each such requirement. Failure to comply with certain of such requirements may cause the inclusion of interest on the Bonds in gross income for federal income tax purposes retroactive to the date of issuance of the Bonds. The Bonds are "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code and, in the case of certain financial institutions (within the meaning of Section 265(b)(5) of the Code), a deduction is allowed for 80 percent of that portion of such financial institution's interest expense allocable to interest on the Bonds. We express no opinion regarding other federal tax consequences arising with respect to the Bonds. 3. The interest on the Bonds is exempt from Kansas income taxation. We have not been engaged or undertaken to review the accuracy, completeness or sufficiency of the Official Statement or other offering material relating to the Bonds (except to the extent, if any, stated in the Official Statement) and we express no opinion relating thereto (excepting only the matters set forth as our opinion in the Official Statement). It is to be understood that the rights of the owners of the Bonds and the enforceability thereof may be subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors' rights heretofore or hereafter enacted to the extent applicable and their enforcement may be subject to the exercise of judicial discretion in appropriate cases. Very truly yours, GILMORE & BELL, P.C. -8- RUN DATE 05/04/2012 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-B BI # 0322071504383 FROM 04/01/2012 TO 04/30/2012 Date Interest Principal 04/01/2012 BEGINNING BALANCE 24,951.25 RECEIPTS DISBURSEMENTS CO-AGENTS CALLS MATURITIES COUPON PAYMENTS REGISTERED INTEREST 24,951.25- PRINCIPAL PAYDOWNS OFFSETS 04/30/2012 ENDING BALANCE ***THIS 1S NOT A BILLING STATEMENT*** RUN DATE 10/05/2012 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-B BI # 0322071504383 FROM 09/01/2012 TO 09/30/2012 Date Interest Principal 09/01/2012 BEGINNING BALANCE RECEIPTS 10/01/2012 24,951.25 1,390,000.00 DISBURSEMENTS CO-AGENTS CALLS MATURITIES COUPON PAYMENTS REGISTERED INTEREST PRINCIPAL PAYDOWNS OFFSETS 09/30/2012 ENDING BALANCE 24,951.25 1,390,000.00 ***THIS IS NOT A BILLING STATEMENT*** RUN DATE 10/05/2010 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-8 BI # 0322071504383 FROM 09/01/2010 TO 09/30/2010 Date Interest Principal 09/01/2010 BEGINNING BALANCE RECEIPTS 10/01/2010 37,158.75 380,000.00 DISBURSEMENTS • CO-AGENTS CALLS MATURITIES COUPON PAYMENTS REGISTERED INTEREST PRINCIPAL PAYDOWNS OFFSETS 09/30/2010 ENDING BALANCE 37,158.75 380,000.00 ***THIS IS NOT A BILLING STATEMENT*** RUN DATE 11/07/2012 BOND ACTIVITY STATEMENT SUMMARY PAGE 1 0322071504383-SALINA CITY OF SALINA GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS SERIES 2004-B BI # 0322071504383 FROM 10/01/2012 TO 10/31/2012 Date Interest Principal 10/01/2012 BEGINNING BALANCE 24,951.25 1,390,000.00 RECEIPTS DISBURSEMENTS CO-AGENTS CALLS 1,140,000.00- MATURITIES 250,000.00- COUPON PAYMENTS REGISTERED INTEREST 24,951.25- PRINCIPAL PAYDOWNS OFFSETS 10/31/2012 ENDING BALANCE ***THIS IS NOT A BILLING STATEMENT***