Loading...
2566 Improvement Bonds-_--- _--- - ___-- -- _- _ _ -- --—ORD.INA N.CE_11'.O_._25-6-6_ ( Puhl_ i sh PB In the Sal -inn F. -=.n i r� 1 1 9 1 An Ordinance providing for the issuance of improvement bonds of the City of Salina, Kansas in the stun of 45,'1,657.99 to pay the cost of building and constructing certain storm sewers, man- holes and catch basins in said City. ,WHEREAS, in pursuance of proeeedingsduly had according to law, contracts have been let and performed for the building and constructinn of certain storm sewers, manholes and catch basins in the City of Salina, Kansas including excavating and backfilling, said improvements geing more particularly described as follows: A 12 -inch storm sewer on Bond Street in the City of Salina, Kansas beginning at the end of the existing storm sewer two hundred'twenty-five feet west of the intersection of High- land Avenue and Bond Street therein, running thence west to the center of Ninth Xti°eet in said City with one manhole and two catch -basins and including excavating and backfilling. A 12 -inch storm sewer on Republic Avenue in said City, com- mencing at a manhole at the end of the existing storm sewer at the intersection of Highland Avenue and Republic Avenue therein and running thence west on. Reoublic Avenue to the center of Ninth Street in said City including one manhole and two batch basins together with excavating and backfilling. One catch basin at the sougheast corner of the intersection of Ohio Street and Ash Street in said City, A 12 -inch storm seiner commencing at a certain manhole on Otis Avenue in said City between Eighth Street and Ninth Street therein and running thence northwest acorss the southwest corner of Block sixty-four (64) in The Episcopal mUlitary Institute Addition to the City of Salina, Kansas, and con- tinuing to the intersection of Ninth Street and Inez Street, in said City including one manhole and one catch basin to- gether with excavating and backfilling, and -WEEREAS, the total cost of said improvements has been ascer- tained and is hereby found and determined to be the sum of $1,657.99, Now The re fore, BE IT ORDAINED by the Board of Commissioners of the City of Salina, Kansas: Section 1.. That the cost of such sewers shall be payable in two equal annual installments instead of levying the entire taxes for such cost at one time, the first installment of vLich is to be paid with the taxes for the year 1922 and the second and last installment which is to be paid with the taxes for the year 1923 and that for such installments there shall be issued Sewer Improvement Bonds of the City of Salina, Kansas, in the total sum of 4,657.99 as herein provided. Section 2. Said issue of bonds shall consist of two (2) bonds of the denomination of $828.992 each and such.bonds shall be dated April lst, 1922 and shall be payable as follows: -• $828.992 on the Ist day of April 1923, and $828.991 on the lst day of April, 1924. Section 3. Said bonds sha;; bear interest at the rate of.five (5) per centum per annum, such interest to be payable semi-annually on the lst day of April and upon the 1st day of October eaeh year after the date of said bonds, except that the first interest.coupon shall be due April 1st, 1923. Such bonds shall have interest coupons attached and both bonds and. coupons shall be payable at the fiscal agency of the State of Kansas in the City of Topeka, Kansas. Section 4. Said bonds shall be signed by the Mayor and shall be attested by the City Clerk of the City of Salina, Kansas and shall -have the corporate seal of said City attached thereto. Interest coupons to said bonds shall be signed by said Clerk. Section 5. Said bonds shall be executed in the form and shall contain recitals substantially as follows: UNITED STATES OF AMERICA STATE OF KANSAS CITY OF SALINA . NO. KNOW ALL MEN BY THESE BRESETITS', That the City of Salina in the County of Saline and. State of Kansas, for value received hereby acknowledges itself to be indebted and promises to pay the sum of in lawful money of the United States of America on the lst day of April A.D.19 , with interest at the, rate of five (5) per cent per annum, the first installment of which shall be payable April.lst, 1925; and interest payable semi-annually thereafter until the principal sum shall have been paid, upon the presentation and surrender of the proper interest coupons hereto attached, bearing the signature of the Clerk of said City, as they severally become due and payable. Both principal and interest are payable at the fiscal agency of the State of Kansas in the City of Topeka, Kansas; and the -City of Salina, Kansas is held and firmly and bound and its faith and credit and all real and personal property in said. City are hereby pledges for the prompt payment of the prin- cipal and interest of this bond upon their maturity. This bond is a series of bonds of like date and tenor issued by .the said City of Salina, Kansas, to pay f6r s6 her improvements in and for said City under and by the authority of and in compliance with the provisions of the laws of the State of Kansas governing cities of the first cuss, and ib compliance with an ordinance duly and legally passed by the Board of Commissioners of said Uity on the 21dtday of August 1922. And'it is hereby declared and d-ertified that all acts, con- ditions 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 regular form as reaquired by the constitution and laws of the Sate of Kansas, and that total indebtedness of said City including this series of bonds, does not exceed any constitutional or statutory limit. 1 1 1 1 1 1 1 IN WITNESS tAfflLkRE'OF, said City of Salina by its Board of Commissioners has caused this bond to be signed by its Mayor and attested by its Clerk and its corporate seal is hereto attached. Dated this day of A. D. 1922. Attest: Mayor City Clerk. Section 6. The first interest coupon to be•attached to said bond shat be substantially as follows: NO. On -the lst day of April 1923, the City of Salina, Kansas will pay the bearer 0 at the fiscal agency of the State of Kansas in the City --of Topeka, Kansas, the same being one years interest on its improvement bond dated"April 1st, 1922. City Clerk. The remaining interest coupons to be "attached to said bonds shall be substantially as follows: NO. On the Ist day of .9, 19 , The City of Salina, Kansas will pay Fo--EFe bearer y at the fiscal agency of the State of Kansas, in the City oof Topeka, Kansas, the same being six months interest on its improvement bond dated April 1st, 1922. No. " CiEy Clerk. Section 7. The Mayor and Clerk are hereby, authorized, directed and empowered without unnecessary delay to prepare and execute said bonds and coupons as in this ordinance providied and when executed., said bonds shall be registered with the Clerk of Salina, Kansas and with the Auditor of the State of Kansas, as required by law, and shall be by the Mayor of said City delivered to the contractor or contractors constructing such improvements in proportion to the amounts due such contractor or contractors in payment of the amount due them for such improvements; PROVIDED, however'. that such bonds shall not be sold or delivered to such contractor or contractors at less than par value thereof nor in a greater sum or amount than the whole amount due to said contract- or or contractors under their respective contract with said City, or the Board of Commissioners may sell said bonds at not less than their par value and out of the proceeds thereof pay said contract- or or contractors for said work and improvements. Section 8. Said Board .of Commissioners shall make provisions for the payment of the principal and interest on said bonds as the same becomes due and payable by levying a tax on the property liable therefor. Section 9. This ordinance shall take effect and be of full force from and.after its publication once in the official City paper. Introduced for :first reading, August 14, 1922. Passed and approved, August 21, 1922. (SEAL) Attest: Chas. E. Banker, City Clerk. STATE OF KANSAS ) ) SS COUNTY OF SALINE ) F. S. Dyar Mayor I, Chas. E, Banker, City Clerk of the City of Salina, Kansas, do hereby certify -that the above and foregoing is a true and correct copy of Ordinance- Number 2566 -passed by the Board of Commissioners and approved by the Mayor of the City of Salina, Kansas, August 21st, 1922; and a record of the vote on its final adoption is found on Page 27"s— of Journal No. _ 10. Said ordinance was published in the Salina vening Journal August 26th, 1922. L'ity Clerk. 1 1 1 1 ORDINANCE NO. An ordinance providing for the issuance ofimprovement bonds of the City of Salina, Kansas in the sum of "-1;657.99 to pay the cost of v building and constructing certain storm -sewers., manholes and catch basins in said City. WHEREAS, in pursuance of proceedings duly had according to law, contracts have been let and performed for the building and. construction of certain storm sewers, manholes and catch basins -in the City of Salina, Kanscis including excavating and backfilling, said improvements .being more particularly,described as follows: A -12 -inch storm sewer on Bond Street in the City of Salina, Kansas beginning at the.end of the existing storm server two hundred twenty-five (225) feet nest of the intersection of Highland Avenue and Bond Street therein, running thence.west\' to the center of Ninth Street in said city with one manhole and two catch basins, and including excavating and backfilling; Al2-inch storm sewer on Republic Avenue in said City comm- encing at a manhole at the end of the existing storm server at the intersection of. Highland Avenue and Republic Avenue - therein and running thence west on Republic Avenue to the center of Ninth Street in said city including one manhole and two catch basins together with excavating and backfilling; One catch basin at the southeast, corner of the intersection of Ohib Street and Ash Street in said city; A 12 -inch storm sewer commencing at a certain manhole on Otis Avenue in said City between Eighth Street and Ninth Street therein and running thence northwest across the Southwest corner of Block Sixty-four (64) in The Episcopal Military 'Institute Addition to the City of Salina, Kansas, and con- tinuing to the intersection of Ninth Street and Inez Street, in said City including one manhole and one catch basin together with excavating and backfilling, and WHEREAS, the total cost of said improvements has.been ascertained and is hereby found and determined to be the sure of ;1657.99, Now Therefore, BE IT ORDAINED by the Board of Commissioners of the City of Salina,Kansas: Section 1. That. the cost of such sewers shall be.pa yable in two equal annual installments instead of levying the entire taxes for such cost at one time, the first installment of which is to be paid with the taxes for the year 1922 and the second and last installment which is to be paid with the taxes for the year 1923 and that for such installments there shall.be issued Sewer Improve nt Bonds of the City of Salina, Kansas in the total sum of 7.99 as herein provided. Section 2. Said issue of bonds shall consist of two (2 ) bonds of the denomination of $828.99 each and such bonds shall be dated April 1st, 1922, and shall be payable as follows: 1 V ,63 on the lst day of April, 1923 and $892 on the lst day of April, 1924. Section 3. Said bonds shall bear interest at the rate of five (5) per centum Lper annum, such interest to be payable semi-annually on the lst day of A 1 upon the kef oc tober ea ch year after iu� ,the date of said bonds Such bonds shall have icoupons attached and both bonds and coupons shall be payable at the fiscal agency of the State of Kansas in the City of Topeka, Kansas. Section 4. Said bonds shall be signed by the Mayor and shall be attested by the City Clerk of the City of Salina, Kansas and shall have the corporate seal of said city attached thereto. Interest coupons to said bonds shall be signed by said Clerk. Section 5. Said bonds shall be executed in the form and shall contain recitals substantially as follows: UNITED' STATES OF AMERICA STATE Of KANSAS CITY OF SALINA No KNOW ALL MEN BY THESE PRESENTS, That the City of Salina in the County of Saline and State of Kansas, for value received hereby acknowledges itself to be indebted and promises to pay the sum of in lawful money of the United States of America on t=Yst day of April A.D. 19, with interest at the rate of five ( 5 ) per cent per annum,�he first installment of which shall be payable April lst, 1923 and interest payable semi-annually there- after until the principal sum shall have been paid, upon the presentation and surrender of the proper interest eoupnns hereto attached, bearing the signature of the Clerk of said City, as they severally become due and payable. Both principal and interest are payable at the fiscal agen- cy of the State of Kansas in the City of Topeka, Kansas] and the City of Salina, Kansas is held firmly and bound and its faith and credit and all real and personal property in said City are hereby pledged for the prompt payment .efdthe principal and interest of this bond upon their maturity. This bond is a series of bonds of like date and tenor issued b;5- the said City of Salina, Kansas, to pay for street improvements in and for said City under and by the authority of and in compliance with the provisions of the laws of the State of Kansas governing cities of the first class, and in compliance with an ordinance duly and legally passed by the Board of Commissioners of said City on the Al--st- day of. 1922 f- -m--' o And 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 ex- ist in regular form as .requir-ed by the constitution and laws of the State of Kansas, and that total indebtedness of said•City including this series of bonds, does not exceed any constitutional or statutory limit. IN WITNESS `WHEREOF, said City of Salina by its board of Commiss loners ::,has caused this bond to be signed by its Mayor and attested by its Clerk and its dorporate seal is hereto attached. Attest: Bated this day of A.D. 1922. Mayor City Clerk Section 6. The first interest coupon to be attached to said bonds shall be substantially as follows: No On the lst day of April 1923, the City of Salina, Kansas will p y the bearer at the fiscal agency of the State of Kansas ih the City of Tope a, Kansas; the same being one years interest on its Improvement bond dated April 1st, 19220 City Clerk, The remaining interest coupons to be attached to said bonds shall be substantially as follows: No or. the i st day of. , 19 , The City of Salina, Kansas will pay to 7; -e Tearer $ at the fiscal agency of the State of Kansas, in the City of Topeka, as,, the same being six months interest on its improvement bond dated April 1st, 1922. City Clerk. No. Section 7. The mayor and Clerk are hereby authorized, directed and empowered without unnecessary delay,.to prepare and execute said bonds and coupons as in this ordinance provided and. when executed, said bonds shall be registered with Clerk of the City of Salina, Kansas and with the Auditor of the State of Kansas, as required by law, and shall be by the Mayor of said City delivered to the contractor or contractors constructing such improvements in proportion to the amounts due such contractor or contractors in payment of the amount due them for such. improvements or work; PROVIDED, however, that such fonds shall not be sold or delivered to such contractor or .contractors at less than par value thereof nor in a greater sum or amount than the whole amount due to said contractor or contractors under their respective contract with said City, or the Board of Commissioners may sell said bonds at not less than their par value and out of the proceeds thereof pay said contractor or contractors for said work and improvements. Section'8. Said Board. of Commissioners shall make provisions for the payment of the principal and interest on. said bonds as the same becomes due and payable by levying a tax on the property liable therefor. Section 9. This ordinance shall take effect and be of full force from and. alter its publication once in the official City paper. Introduced. for first reading, August 14, 1922. Passed and approve, August 21, 1922. Pia iror Attest; G�ry2�� City Clerk.