StatementsRUN DATE 11/02/2010
0
Date
10/01/2010
10/31/2010
•
BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777 - SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005 -A
BI # 0322071505777
FROM 10/01/2010 TO 10/31/2010
Interest Principal
BEGINNING BALANCE 49,706.25 335,000.00
RECEIPTS
DISBURSEMENTS.
CO- AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOUNS
OFFSETS
ENDING BALANCE
49,706.25-
335,000.00-
** *THIS IS NOT A BILLING STATEMENT * **
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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 I- IEREIN) OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO
A NOMINEE OF-IA SUCCESSOR SECURITIES DEPOSITORY.
OF,
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REGISTERED REGIS,rl!RED
NUMBER R -5 $331*(jgq
UNITED STATES OF AMERICA
• ,
STATE OF KANSAS
•' ....
COUNTY OF SALINE
CITY, OF SALINA
GENERAL OBLIGATION INTERNAL IMPROVEMENT BOND .�..
SERLES2005 -A
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Interest Rate Maturity Date Dated Date
CUSIP Numbet • • • • ,
3.05% October 1, 2010 July 15, 2005
794743 E3 4
REGISTERED OWNER: CEDE & CO.
PRINCIPAL AMOUNT: THREE HUNDRED THIRTY FIVE THOUSAND DOLLARS
KNOW ALL PERSONS BY THESE PRESENTS: That the City of Salina, in the County of
Saline, State of Kansas (the "City "), for value received, hereby acknowledges itself to be indebted and
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
like manner to pay interest on such Principal Amount from the Dated Date shown above or from the most
recent interest payment date to which interest has been paid or duly provided for at the rate of interest per
annum set forth above (computed on the basis of a 360 -day year of twelve 30 -day months), semiannually
on April l and October I of each year, commencing April 1, 2006 (the "Interest Payment Dates "), until
the Principal Amount is paid, unless this Bond shall have been previously called for redemption and
payment as hereinafter set forth.
The principal of, premium, if any, and interest on this Bond shall be payable by the Treasurer of
the state of Kansasjopeka, Kansas (the "Paying Agent" and "Bond Registrar "). The principal of and any
premium on this Bond shall be payable to the registered owner hereof upon presentation of this Bond at
the maturity or redemption date to the Paying Agent for payment and cancellation. The interest payable
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
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
payment to any Registered, Owner of $500,000 or more in aggregate principal amount of Bonds, by
electronic transfer to- gguch Registered Owner upon written notice given to the Paying Agent by such
.eni 9s th r•nti4i,
Registered Owner rt�less f an l� difSiptaor,tatAhxb?,gord• ate for such interest, containing the
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• electronic transfer instruc ions 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
transfer directed. The principal, premium, if any, and interest on the Bonds shall be payable in any coin
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 lvopezty,
real and personal, within [he territorial limits of the City. The balance of the principal and intere on' the
Bonds shall be payable from ad valorem taxes which may be levied without limitation as to,Mt*Qr
amount upon all the taxable tangible property, real and personal, within the territorial•liyfiV of tht*Vty.
The full faith, credit and resources of the City are irrevocably pledged for the payment. cif the princjUji.of
and interest on this Bond and the issue of which it is a part as the same respectively become F'ue. .
This Bond is one of an authorized series of Bonds of the City designated "Qjewral Obligation
Internal Improvement Bonds, Series 2005 -A," in an aggregate principal amount of $4x10,000 jthe
"Bonds ") issued for the purposes set forth in the Ordinance of the City authorizing the�issuanca 101041t
Bonds and the Resolution of the City prescribing the form and details of the Bonds Oointlj4.the
"Resolution "). The Bonds are issued by the authority of and in full compliance with the prov"etts,
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., K.S.A. 12 -1736 et seq.,
and Charter Ordinance No. 33 of the City and Article 12, Section 5 of the Constitution of the State of
Kansas, all as amended and supplemented.
• At the option of the City, Bonds maturing on October 1, 2014, and thereafter may be called for
redemption and payment prior to maturity on October 1, 2013 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
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interest on, this Bond,7(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.
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, notwithstandmn 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 DepcAfdi`y.
....
•'
EXCEPT AS OTHERWISE PROVIDED IN THE RESOLUTION, THIS GL(58- AL -BOND,U Y
••
BE 'TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMME MT .W$
SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPOSIV(IA'V OR
NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. The Bonds are issued jp.fully registered
......
form in the denomination of $5,000 or any integral multiple thereof. This Bond may be a clanged .ati tre
office of the Bond Registrar for a like aggregate principal amount of Bonds of the same maturity dLgfrQt
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.
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to
WITNESSl WHEREOF,
the City has caused this Bond to be executed by the manual or
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facsimile signature of its Mayor 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. i
gay of./.
CITY OF SALINA, KANSAS
Mayor •....•
ATTEST:
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City Clerk
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CERTIFICATE OF AUTHENTICATION AND REGISTRATION
This Bond is one of a series of General Obligation Internal Improvement Bonds, Series 2005 -A,
• of the City of Salina, Kansas, described in the within - mentioned Resolution.
Registration Date: JUL 2 8 2M5
E
Office of the State Treasurer,
Topeka, Kansas
as Bond Registrar and Paying Agent
BY: w Ol /rJa'�Lci
Registration Number: 0322 - 085 - 071505 -777
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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 &..
standing in the name of the undersigned on the books of the Bond Registrar. The ald; jaign�ed jg(es)
hereby irrevocably constitute and appoint as agent Z
transfer said Bond on the books of said Bond Registrar with full power of substitution in the premi %M • •.
Dated
E
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10
Name
Social Security or Taxpayer Identification No.
Signature
(Sign here exactly as name(s)
appear on the face of Certificate)
Signature guarantee:
[Name of Eligible Guarantor Institution as defined
by SEC Rule 17ad -15 (12CFR 240.17 Ad -15) or
any similar rule which the Note Registrar deems
applicable]
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i CEWHFICArE OF CITY CLERK
STATE OF KANSAS) )
SS.
COUNTY OF SALINE )
I, the undersigned, City Clerk of Salina, Kansas, hereby certify that the within Bond hac'6een,
duly registered in my office according to law as of July 15, 2005.
WITNESS my hand and official seal.
l� /OPOINIIEO�.�
Vs....._'.: /5
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City Clerk
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 JUL 2 S 215
WITNESS my hand and official seal.
(Facsimile Seal)
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Treasurer of the State of Kansas
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LEGAL OPINION
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I, the undersigned, CiO, Clerk of the City of Salina, Kansas, hereby certify that the following is a
true and correct copy of the approving legal opinion of Gilmore & 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 issped as
of the date of delivery of and payment for the Bonds and is on file in my office. :" ".
Governing Body of the
City of Salina, Kansas
Salina, Kansas
Country Club Bank, n.a.
Prairie Village, Kansas
By City Clerk " "'•
• Re: $4,210,000 General Obligation Internal Improvement Bonds, Series 2005 -A, of the City
of Salina, Kansas, Dated July 15, 2005
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.
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
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• 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, as amended
(the "Code "), that must be satisfied subsequent to the issuance of the Bonds in order that interest thereon
be, or continue to be, ekcluded 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 o 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(6)(5) of the Code), a deduction is allowed for 80 percent of that portio ;ef g;eh
financial institution's interest expense allocable to interest on the Bonds. We express no QIa."on
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 sufficT* M-j•8f
the Official Statement or other offering material relating to the Bonds (except to the e•RRM,if any, stated
in the Official Statement) and we express no opinion relating thereto (excepting only NO matters sot•W
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.
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RUN DATE 04/04/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777 - SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005 -A
BI p 0322071505777
FROM 03/01/2011 TO 03131/2011
Date Interest Principal
03/01/2011 BEGINNING BALANCE
RECEIPTS 04/01/2011 44,597.50
DISBURSEMENTS
CO- AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOUNS
OFFSETS
03131/2011 ENDING BALANCE 44,597.50
** *THIS IS NOT A BILLING STATEMENT * **
RUN DATE 05/03/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777- SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005 -A
BI # 0322071505777
FROM 04/01/2011 TO 04/30/2011
Date
Interest Principal
04/01/2011 BEGINNING BALANCE 44,597.50
RECEIPTS
DISBURSEMENTS
CO- AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST 44,597.50-
PRINCIPAL PAYDOWNS
OFFSETS
04/30/2011 ENDING BALANCE
" *THIS IS NOT A BILLING STATEMENT***
RUN DATE 10/04/2011
Date
09/01/2011
09/30/2011
BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777 - SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005 -A
BI # 0322071505777
FROM 09/01/2011 TO 09/30/2011
Interest Principal
BEGINNING BALANCE
RECEIPTS
DISBURSEMENTS
CO- AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
10/01/2011 44,597.50 335,000.00
PRINCIPAL PAYDONNS
OFFSETS
ENDING BALANCE 44,597.50 335,000.00
. *`THIS IS NOT A BILLING STATEMENT "
RUN DATE 11/02/2011
BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777 - SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005-A
BI # 0322071505777
FROM 10/01/2011 TO 10/31/2011
Date
10/01/2011 BEGINNING BALANCE
RECEIPTS
DISBURSEMENTS
CO- AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
10/31/2011 ENDING BALANCE
Interest Principal
44,597.50 335,000.00
335,000.00-
44,597.50-
** *THIS IS NOT A BILLING STATEMENT * **
EXCEPT AS O'
HEREIN, THIS t
IN PART. ONLY
,WISE PROVIDED IN TKE• ILE£OI:U-nOI: (fESCRIBED
QAL BOND MAY BE ;RAMFE9RED14N Wq;OL•E•BUT NOT
ANOTHER NOMINEE OF THE SECURITIES DEPOSITORY
(DESCRIBED HEREIN CIU
OR TO A SUCCESSOR SERFP0Y3S DEPOSITORY OR TO
A NOMINEE OF k- SUCCESSOR SECURITIES DEPEPSjTOtY.
REGISTERED •••• •••• REGISTERED
NUMBER R -6 $335,000'
UNITED STATES OF AMERICA
S "rACE OF KANSAS
COUNTY OF SALINE
Cl-a- F'SALINA i
GENERAL OBLIGATION INTERNAL IMPROVEMENT BOND
Interest Rate
3.15%
REGISTERED OWNER:
PRINCIPAL AMOUNT:
SERIES 2005 -A
Maturity Date
October 1, 2011
CEDE & CO.
Dated Date
July 15, 2005
CUSIP Number
794743 E4 2
THREE HUNDRED THIRTY FIVE THOUSAND DOLLARS
KNOW ALL PERSONS BY THESE PRESENTS: That the City of Salina, in the County of
Saline, State of Kansas (the "City "), for value received, hereby acknowledges itself to be indebted and
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
like manner to pay interest on such Principal Amount from the Dated Date shown above or from the most
recent interest payment date to which interest has been paid or duly provided for at the rate of interest per
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, 2006 (the "Interest Payment Dates "), until
the Principal Amount is paid, unless this Bond shall have been previously called for redemption and
payment as hereinafter set forth.
The principal of, premium, if any, and interest on this Bond shall be payable by the Treasurer of
the state of Kansas, Topeka, Kansas (the "Paying Agent" and 'Bond Registrar "). The principal of and any
premium on this Bond shall be payable to the registered owner hereof upon presentation of this Bond at
the maturity or redemption date to the Paying Agent for payment and cancellation. The interest payable
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
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
payment to any Registered Owner of $500,000 or more in aggregate principal amount of Bonds, by
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
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electronic transfer instructions including the bank (which shall be in the continental United States),
address, ABA routing number and account number to which such I aVisterj j OMer wishes to have such
transfer directed. The principal, premium, if any, apd ggrest pr;the Bdhds:shall be payable in any coin
or currency which, on the respective dates of payrrw6t tNar'eof, is1`ega ?tendW: for M 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. jryied,Ypon.the property benefited by the
construction of certain poftions of the improvements being•fnancad anal, iinot so paid, from ad valorem
taxes which may be levied'.rwithout limitation as to rate oroggbunt,upoil.90the 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 to rate or
amount upon all the taxable tangible property, real and personal, within the territorial 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 2005 -A," in an aggregate principal amount of $4,210,000 (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., K.S.A. 12 -1736 et seq.,
and Charter Ordinance No. 33 of the City and Article 12, Section 5 of the Constitution of the State of
Kansas, all as amended and supplemented.
At the option of the City, Bonds maturing on October 1, 2014, and thereafter may be called for
redemption and payment prior to maturity on October 1, 2013 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
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1,,: • �.•
interest on, this Bond, (ii)-notices and (iii) voting. Transfers of principal, interest and any redemption
premium payments to parti8 ipants of the Securities I cTosjtbFy, aQd�rarlsfers p f pgMipal, interest and any
redemption premium payments to beneficial ownert of tire $odds 73y parlicipdnts of the Securities
Depository will be the responsibility of such participants arid otA@r n4vineesvf such beneficial owners.
The City, the Bond Regist ar and the Paying Agent will not be responsible or liable for such transfers of
payments or for maintaining, supervising or reviewing•&ha wwccis•Fmintained by the Securities
Depository, the Securities Depository nominee, its participants, or ;per, ons acting through such
participants. While the Securities Depository nominee is th%bwndr of%iis• 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 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. 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 WHEREOF, the City has caused this Bond to be executed by the manual or
facsimile signature of its Mayor and attested by the manual-or facsimile -signasipe gFits City Clerk, and its
corporate seal to be affixed hereto or imprinted hereop, apd�hts I3d*hd Io bt; dated the Dated Date shown
above. .:. '.• ... ... ...
II
CITY QFSAUNA KANSAS
Mayor
ATTEST:
By
City Clerk
CERTIFICATE OF AUTHENTICATION AND REGISTRATION
This Bond is one of a series of General Obligation Internal Improvement Bonds, Series 2005 -A,
of the City of Salina, Kansas, described in the within- mentioned Resolution.
Registration Date: JUL 2 S 2005
Office of the State Treasurer,
Topeka, Kansas
as Bond Registrar and Paying Agent
BY: , XJQ/x��
Registration Number: 0322 - 085 - 071505 -777
0
BONDASS0TWNT••' •i• •:• •:•
FOR VALUE RECEIVED, the undersigned do(es) herebyfttlg ns %ign•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 $
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 17ad -15 (12CFR 240.17 Ad -15) or
any similar rule which the Note Registrar deems
applicable]
-5-
�w-ry rr r. nv .:• •:• •••
STATE OF KANSAS ) — •••
) SS. '..•
COUNTY OF SALINE ),. ••••
I, the undersigned, City Clerk of Salina, Kansas, hereby
duly registered in my office according to law as of July 15, 2005-
WITNESS my hand and official seal.
1v u�s?ti
tis�pouuzeu'..Y
�i 1070 Iy
a
certify that the within Bond has been
ytV—Uq
4.4
City Clerk
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 JUL 2 8 2005
WITNESS my hand and official seal.
(Facsimile Seal)
rel
Treasurer of the State of Kansas
r
s
LEGAL OPINION
... . . ... ... ...
1, the undersigned, City Clerk of the City of Salina, Kansas, hereby certify that the following is a
true and correct copy oft the approving legal opinion of GijWrg,4,, $elL„a Professional Corporation,
Attorneys at Law, Kansa1 City, Missouri, on the within Bork]. and t1l, series of which it is a part, except
that it omits the date of such opinion; that the opinion was manu2illy gwcuteq and was dated and issued as
of the date of delivery ofand payment for the Bonds and is on file in my office.
By / c_
City Clerk
Governing Body of the
City of Salina, Kansas
Salina. Kansas
Country Club Bank, n.a.
Prairie Village, Kansas
Re: $4,210,000 General Obligation Internal Improvement Bonds, Series 2005 -A, of the City
of Salina, Kansas, Dated July 15, 2005
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.
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
VA
.. . . ..
determining adjusted current earnings. The opinions set forth in this paragraph are subject to the
condition that the City 'comply with all requirementsof the Internal Revenue -Code of 1986, as amended
.. . . . . .. ._. ..
(the "Code "), that must be satisfied subsequent to theisspalce of tte 13onels r4 or(tr that interest thereon
be, or continue to be, excluded from gross inconid.fo%1eder%*mcbare tall.pv$ poses. The City has
covenanted to comply A th each such requirement. Failure to comply with certain of such requirements
may cause the inclusion of interest on the Bonds in gro" jn�Qy{p, for federal income tax purposes
retroactive to the date a£ issuance of the Bonds. The Boridsare ";ualilie&tax- exempt obligations" for
purposes of Section 2656)(3) of the Code and, in the cage.4 certain tips ;cial 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.
In
RUN DATE 10/05/2012
0
Date
09/01/2012
BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777 - SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005-A
BI # 0322071505777
FROM 09/01/2012 TO 09/30/2012
Interest Principal
BEGINNING BALANCE
RECEIPTS
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
1010112012 39,321.25 335,000.00
09/30/2012 ENDING BALANCE 39,321.25 335,000.00
** *THIS IS NOT A BILLING STATEMENT * **
RUN DATE 05113/2013
BOND ACTIVITY STATEMENT SUMMARY
0322071505777 - SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005 -A
BI # 0322071505777
FROM 04/01/2013 TO 04/30/2013
Date
04/01/2013 BEGINNING BALANCE
RECEIPTS
DISBURSEMENTS
CO- AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDONNS
OFFSETS
04/30/2013 ENDING BALANCE
PAGE 1
Interest Principal
5,527.50
04/01/2013 28,350.00
33,877.50-
** *THIS IS NOT A BILLING STATEMENT * **
RUN DATE 05/13/2013 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777 - SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005 -A
BI a 0322071505777
FROM 04/01/2013 TO 04/30/2013
Date
Interest Principal
04/01/2013 BEGINNING BALANCE 5,527.50
RECEIPTS 04/01/2013 28,350.00
DISBURSEMENTS
CO- AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST 33,877.50-
PRINCIPAL PAYDONNS
OFFSETS
04/30/2013 ENDING BALANCE
** *THIS IS NOT A BILLING STATEMENT-'
RUN DATE 10/05/2010 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777-SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005-A
BI # 0322071505777
FROM 09/01/2010 TO 09/30/2010
Date Interest Principal
09/01/2010 BEGINNING BALANCE
RECEIPTS 10/01/2010 49,706.25 335,000.00
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
09/30/2010 ENDING BALANCE 49,706.25 335,000.00
***THIS IS NOT A BILLING STATEMENT***
•
•
RUN DATE 09/05/2012 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
5349080105778-SALINA AIRPORT
SALINA AIRPORT AUTHORITY -
TAXABLE GENERAL OBLIGATION BOND
SERIES 2005-A
BI # 5349080105778
FROM 08/01/2012 TO 08/31/2012
Date Interest Principal
08/01/2012 BEGINNING BALANCE
RECEIPTS 09/01/2012 73,962.50 260,000.00
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
08/31/2012 ENDING BALANCE 73,962.50 260,000.00
***THIS IS NOT A BILLING STATEMENT***
RUN DATE 11/07/2012 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777-SAL1NA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005-A
BI # 0322071505777
FROM 10/01/2012 TO 10/31/2012
Date Interest Principal
10/01/2012 BEGINNING BALANCE 39,321.25 335,000.00
RECEIPTS
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES 335,000.00-
COUPON PAYMENTS
REGISTERED INTEREST 39,321.25-
PRINCIPAL PAYDOWNS
OFFSETS
10/31/2012 ENDING BALANCE
***THIS IS NOT A BILLING STATEMENT***
RUN DATE 04/03/2013 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
5349080105778-SALINA AIRPORT
SALINA AIRPORT AUTHORITY
TAXABLE GENERAL OBLIGATION BOND
SERIES 2005-A
BI # 5349080105778
FROM 03/01/2013 TO 03/31/2013
Date Interest Principal
03/01/2013 BEGINNING BALANCE 67,137.50
RECEIPTS
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
03/31/2013 ENDING BALANCE
***THIS IS NOT A BILLING STATEMENT***
RUN DATE 04/03/2013 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777-SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005-A
BI # 0322071505777
FROM 03/01/2013 TO 03/31/2013
Date Interest Principal
03/01/2013 BEGINNING BALANCE
RECEIPTS 04/01/2013 5,527.50
DISBURSEMENTS
CO-AGENTS !I
CALLS
MATURITIES
COUPON PAYMENTS •
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
03/31/2013 ENDING BALANCE 5,527.50
•
***THIS IS'NOT A BILLING STATEMENT***
Ii
t
li
1
RUN DATE 11/06/2013 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
0322071505777-SALINA
CITY OF SALINA
GENERAL OBLIGATION INTERNAL
IMPOVEMENT BOND SERIES 2005-A
BI # 0322071505777
FROM 10/01/2013 TO 10/31/2013
Date Interest Principal
10/01/2013 BEGINNING BALANCE 33,877.50 1,865,000.00
RECEIPTS
DISBURSEMENTS
CO-AGENTS
CALLS 990,000.00-
MATURITIES 875,000.00-
COUPON PAYMENTS
REGISTERED INTEREST 33,877.50-
PRINCIPAL PAYDOWNS
OFFSETS
10/31/2013 ENDING BALANCE
THIS IS NOT A BILLING STATEMENT"'