2702 Issue Improvement BondsORDI.NANCE_N
.An .Ordinance_ providing, for the. iss.urance -of Improvement Bonds
of the City of Salina, Kansas in the sum of
$770132.35..to...pay. the..cos.t. of -improving._certain..,.
streets in said City.
WHEREAS, in pursuance of proceedings duly had according
to -law, contracts have been let and performed for the curbing,
guttering, excavating, grading.and paving of: -
Elm Street in the City of Salina, Kansas from the
west line .of Front reet.-to..the,w6st side of.the Elm Street
Bbidge in said_.C.ity; .
Elm Street, .in.. the-C.ity . of.. Salina.. Kansas from -.the east side
of the Elm.- r.ee ridge-to_the...west side.of,Ohio. Street in said City.
Penn Avenue... -..in the._.City.of Salina, Kansas, from the -north
line of Elm Stree 6- hiverside Boulevard in. said City.
Eleventh Street in said City of Salina, fansas from the
north line of Iron.Avenue._to_the-south.line...of.State.S,treet..in..said
City.
Twelfth Street in.the.City of Salina, Kansas.from the .north
line of State Street to.the south line of Ash Street,: -in said City, and
for the excavating,_..gr.,ading...and,.,paving . of: -
Elm Street- in,_the _Ci:ty of Salina,, Kansas from the east
line of Thi..SEreet to the.: west line. of Front Street. in said. City;
Ash Street in the City of Salina, Kansas..from the east side
of Ash Stree- r ge 'to the.east.line of Oakdale Avenue, in said City;
and
for the curbing.and.guttering of:. -
Johnstown Avenue.in the City of Salina,.Kansas from the
east line of Yrafi_Street_to the west line of Oakdale Avenue in
said City, and
WHEREAS, the. total cost of said improvements has been
ascertained,and the portion thereo.f.to be paid by.a.general tax
to be levied upon all of the taxable property within said City for
the improvement of squares and areas formed by the crossing of
streets and alleys for City property; for which bonds are to be
issued as hereinafter provided, has been ascertained and is here-
by,determined to be the sum of $18,564.21, and
WHEREAS, the portion thereof.to be.paid by ppecial assess-
ments levied upon the lots and pieces of ground liable therefor
has been ascertained and is hereby found and determined to be the
sum of $69,808.94 which said last amount has been heretofore duly
assessed and apportioned to the several lots and pieces of ground on
such streets liable therefor, payable in ten equal annual install-,
ments according to law and as provided in ordinances of the City
of Salina, Kansas duly passed and approved, and
WHERRAS, the amount'of said special assessments for which
bonds are to be issued as herein provided in anticipation of said
special assessments, which remain unpaid has been ascertained and.
F�
I.
1
N
1
M
4iY
0
is hereby determined and found to be the sum of -$58,586.14,. the
difference between said last two named accounts. having been paid
by the property owners of said above named streets whose property
has.been discharged from any further assessments.for the cost of
said improvements....in.the.amount so paid, NOW THEREFORE,
BE IT ORDA,INED..by. the... Board of. Commiss.ioner.s . of the City of
Salina, Kansas:
Section 1. That the cost of said improvements., after
deducting therefrom the assessments heretofore paid thereon
as aforesaid, including the cost of the improvement of the
squares and areas formed by the crossings of streets and alleys
and of City property, shall be paid in ten equal annual in-
stallments instead of levying the entire cost at one time; the
first installment of which is to be paid with the taxes for
the year 1923 and one installment with the taxes for each
succeeding year thereafter until the whole amount thereof shall
have.been paid and that for such.installments there.shall be and..
are hereby issued Improvement Bonds of the City of Salina, Kansas
in the aggregate sum of 4770132.35 as hereinafter provided.
Section.2. Said issue of bonds -shall consist of one (1)
bond of�the`denomination of .$132.35, and the remaining seventy-
seven (77) -bonds shall be in. denomination.of $1000.00 each, all
bearing interest at the rate of five per cent (5%) per annum,
interest payable 'semi-annual.l.y..on. the .first days of February
and,August of each ,year, after.the'date of said bonds except
that the first interest payment shall be due and payable on the
first day of February 1924.,
Said bonds shall be numbered, in amount due each year,
and mature as follows:
Number
1
2 to 8 inc.
9 to 15 inc.
16 to 22 inc.
23 to 30 inc.
31 to 38 iris.
39 to 46 ine.
47 to 54 inc.
55 to 62 ince
63 to 70 inc.
71 to 77'' inc.
Denomination Amount -,dub ea.cti year Maturity
$132.35
1000.0.0.
$7,132.35'.......'February
1st,
1924..
1000.00
.7,000..00
February
10 1925.
1000.00
70000:00
February
1st,
1926.
1000.00
80000.00
February
1st,
1927.
1000400
8.
February
1st,
1928,
1000.00
82000.00
February
lsti
1929
1000.00
8,000,00
February
1st,
1930,
1000400
8,000.00
February
1st,
1931.
1000.00
8,000400
February
lst,
1932..
1000.00
8,,0001.00
February
1st,
1933.
Section 3.- Said bonds ;shall be signed by.the Mayor and
attested by the. 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 and both bonds
001
and coupons shall be paid at the Fiscal Agency of the State of
Kansas in the City of Topeka, Kansas.
Section 4. Said bonds shall be executed.in the form and
shall contain recitals substantiall.y..as..foll.ows:.
UNITED. STATES OF AMERICA
STATE O.F 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.. it.self.._to be indebted -and promises: to .pa.y the. sum of_
in .lawful..money of the.. -United States .of. America on the.
lst day of February, A. D. 19 , with._interest at-. the._.rate of five
(5) per cent per annum, the 'fi—rst.."installment of which..shall be pay-
able.February lst, 1924, and interest payable semi-annually there-
after until the principal sum shall have been paid,,upon the pre-
sentation and surrender of the proper interest coupon..,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 in its
faith and credit and all real and personal property "in said City are
hereby pledged for the..prompt.payment of the principal.and interest
of this bond.upon-the.ir. maturity.
This bond.is.a series.of bonds -of like date and tenor issued
by the said City of Salina, Kansas to pay.for street improvements
in and for said City under and by the.authotity.of and in compli-
ance with the provisions.of-the laws of the State of Kansas, gov-
erning cities of the first class, and in compliance.with an ordin-
ance duly and legally passed by.the.board-of C.ommissi.oners of.said.
City on the..... day -of r'ebruary, 1.923... .
And it is hereby declared and certified that all.acts, condi-
tions and things required to be done.and to exist precedent to and
in the issuance of: this bond, have been properly done...andperformed
and do exist in regular form as required by the constitution and..'laws
of the State of.Kansas and that the 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
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 .17. 1923.
Attest:
YClerk
Mayor -
Section 5. The first interest coupon to be attached to said
bonds shall be substantially as follows:
No.
On the lst day of -.February -1924, the -City of Salina,'Kansas
will pay the bearer $,. 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 O'ted February.lst, 1923..
No.
- - city, Clerk
The remaining interest coupons to be attached to said bonds -
shall be substantially.as follows:
1
1
1
WE
NO.
On the. ls.t ..day. of. , 19 - the City of Salina,
Kansas will pay to the bearer '-at'-the, fiscal agency
of the State.. of....Kansas.,. in..the City or Topeka-,.. Kansas the same being.
six months interest on its improvement Bond,dated February. 1,.1923..
No.
City Mrk
Section 6. The Mayor and Clerk.are hereby authorized, direct-
ed and empowered without necessary delay, to prepare and execute
said bonds and coupons as in this ordinance.provided and when exe-
cuted, said bonds shall be registered with -the. -Clerk of the City
of Salina, . Kansas and -with ,the €Ludit.o.r of. the State. of Kansas, as
required by law, and shall be by the_D1ayor..ofsaid..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 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 ariount due to said:
contractor or contractors under their respective contracts with
said City, or the Board of Commissioners may sell said bonds at
not less than their par value and out of'the proceedsthereof pay
said contractor or contractors for said work -and impr.ovements,
Section 7. Said Board of Commissioners shall make pro-
visions for the payment of the principal and interest on said
bonds as they become due and payable by levying.e.tax on the
property liable therefor:
Section 8. This ordinance shall take effect and be in
full force from and after its publication once in the official
city paper.
Introduced for first reading, February 12th, 1923,
Passed.and approved, February 19th, 1923.
( SEAL)'
Attest:
Chas. E. Banker
Yity Ulerk
F. S.. Dyar
Mayor
STATE OF KANSAS )
) S5
COUNTY.OF SALINE)...
1, 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 No. 2702, passed by the Board of Comm-
issioners and approved by the Mayor of the City.of Salina, Kansas,
February 19th, 1923, and a record of the.vote on its final adop-
tion is found on page of Journal No. 10.
y er
(First published in The Salina Emening Journal =� a 0,1923)
ORDINANCE N0.
An Ordinance providing for the issuance of Improvement Bonds
of the City of Salina. Kansas in the sum of .',7,1132.35
to pay the cost of improving certain streets in said
City.
WHEREAS, in pursuance of pro,, eedings duly had according
to law, contracts have been let an� performed for the curbing,
guttering, excavating, grading and paving -of:
Elm Street in the City of Salina'. Kansas from the
west line o?Front Street to the west side of the Elm Street
Bridge in said City;
Elm Street in the City of Salina, Kansas from the
east side of the Elm Street Bridge to the west side of Ohio
Street.in said'City;
Penn Avenue in the City of Salina, Kansas from the
north line of Elm Street to Riverside Boulevard in said City;
.Eleventh Street in the City of Salina, Kansas from the
north line of Iron Avenue to the south line of State�Street in
said City;
Twelfth Street in the City of Salina, Kansas from the .
north line of State Street to the south line of Ash Street in
said City; and
for the excavating, grading and paving of:
Elm Street in the City of Salina, Kansas -from the east
line of Third Street to the west line of Front Street in said
City;
Ash Street in the City of Salina, Kansas from the east
side of the As Street Bridge to the east line of Oakdale Avenue
in said City;: and
for the curbing and guttering of:
Johnstown Avenue in the City of Salina, Kansas from the.
east line of Front Street to the west line of Oakdale Avenue in
said City and
WHEREAS, the total cost of said improvements has been
ascertained and the portion thereof to be paid by a general tax
to be levied upon all of the taxable property within said City
for the improvement of squares and areas formed by the crossing
of streets and alleys and for City property for which bonds are
to be issued as hereinafter provided, has been ascertained and is
hereby determined and found to be the sum of _ $1B -564.21 ,'
WHEREAS, the portion thereof to be paid by special assess-
ments levied upon the lots and pieces of ground liable therefor
has been ascertained and is hereby found and determined to be the
sum of $69;808:94, which said last amount has been heretofore duly
assessed and apportioned: to the several lots and pieces of ground
on such streets liable therefor, payable in ten equal annual in-
stallments according to law and as provided in ordinances of the
City of Salina, Kansas duly passed and approved, and
WHEREAS, the amount of said special assessments for which
bonds are to be issued as herein provided in anticipation of said
special assessments which remAin unpaid has been ascertained nd
is hereby determined and found to be the sum ON the
difference between said la:st--two named a&ounts having been paid
by the property owners of. said above named streets whose property
has been discharged from any further assessments for the cost of
said improvements in the amount so paid, NOW THEREFORE,
HE IT ORDAINED by the Board of Commissioners of the City of
Salina, Kansas:
Section l.. That the cost of such said improvements, after
deducting therefrom the assessments heretofore paid thereon as
aforesaid,Cincluding the cost of the improvement of thesquares and
areas formed by the crossings of streets and alleys and of City
property,�shall. be paid in ten equal annual installments instead
of levying the entire cost at one time; the first installment of
which is to.be paid with the taxes for the year 192x3 and one -install-
ment with the taxes for each succeeding year thereafter until the
whole amount thereof shall have been paid and that for such install -
meats there shall be and and are hereby issued Improvement Bonds of the
City of Salina, Kansas in the aggregate sum of "',��a.�5-ss here-
inafter provided* t.
0
C. F. A LEXANDE R, D.H.MARTIN, LEONARD CALLENDER,
ASST. MANAGER MANAGER MANAGER OF SALES
PUDDYMIMP fIOELITy S
P
BOND DEPARTMENT
v I a L S is r
Won �ITr
Address reply to Bond Department
May 239 1923
Mr. C. E. Banker, City Clerk,
Salina, Kansas.
Dear Sirs
Pursuant to your conversation with
Mr. Martin relative to SALINA, KANSAS bonds, wish
to advise tnat,we would ;&efer to have them in two
sections, rather than wait until all the work is com-
pleted.
Relative to clause pertaining to the
delivery of the bonds to the contractor, we -quote as
follows:
"The mayor and City Clerk of the City of Salina,
Kansas, are hereby authorized and directed,
without unnecessary delay to gepare and execute
said bonds and coupons, and that when executed,
said.bonda shall be registered with the City
Clerk of the, City of Salina, Kansas, and shall
,be registered with the .Auditor of the State of
Kansas, as required by lav, and shall,be delivered
to the contractor, M. R. Amerman, constructing
such improvements in proportion to the amounts
due him for such work and improvements. Provided
however, that said bonds shall not be delivered_
to said contractor in a greater amount or sum
than the amount due and owing for -the cost of
said improvements"
However, this provision does not enter into
the Assessment Ordinances It is to go into the later sections
of the Bond Ordinances
After the assessment ordinance has run the
required period of thirty days, if you will give us a copy
of it clipped from the newspaper, with a statement of the amount
Of cash paid in, we will prepare -the Bond Ordinances We would
P
Section 2. Said issue of bonds shall consist of one
(09 V.411
(1 ) bond of the denomination of '�hai, and the remaining �
gr
s-eventy-seven®®P*) bonds shall be in denomination of $3.000.00
each, all bearing interest at the rate of -f%re Ver -cent
Z/. ) per annum, ,interestf�ayable semi-annually on the first
days of ry a.rd Amt of each year, after the date of
said bonds except that the first interes� payment shall be
due and payable on the first day of ry 1924.
Said bonds shall be numbered, in amount due each year,
and mature as follows:
Number
Denomination Amount due each ,year Maturity
1
4332.35
2 to
8
inc
1000.00
$7;132.35
February
1•,
1924
9 to
15
inc
1000.00
7000.00
February
1;
1925
16 to
22
inc
1000.00
7;000.00
February
l;
1926
23 to
30
inc
1000.00
8;000.00
February
1;
1927
31 'to
38
inc
1000.00
8;000.00
February
1;
1928
39 to
46
inc.
1000.00
8;000.00
February
1';
1929
47 to
54
inc
1000.00
8 9000.00
February
1,
1930
55 to
62
inc
1000000
8;000.00
February
1!
1931
63 to
70
inc
10006-00
8;000.00
February
1.,
1932
71 to
77
inc
1000.00
8,000.00
February
1,
1933.
Section 3.
Said bonds shall be signed
by the Mayor
and
attested
by the
Clerk of the City of Salina, Kansas,'an.d stall
have the
corporate
seal of
said City attached
thereto. Interest
coupons to
said
bonds shall
be signed by said
Clerk and both
bonds.and
coupons
shall be
paid at the Fiscal
Agency of the
State
of
Kansas
in the City
of Topeka., Kansas.'
Section 4.
Said bonds
shall be executed
in the form
and shall
contain
recitals
substantially as.follows.: j'
i
-4-
Q
UNITED STATES OF AMERICA
STATE OF KANSAS
W
CITY OF SALINA NO.
KNOjFI ALLMEEN BY THESE SENTS, 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
tfie=ls=ay of February, A. D. 19 , with interest at the rate of
five (W per cent per annum, the, first installment of which shall
be payable -February 1st, 1924 and interest payable semi-annually
thereafter until the principal sum shall have been.paid, upon the
presentation and surrender of the propertinterest coupon 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 firm-
ly and its faith and credit and all real and personal property in
said City are hereby pledged for the prompt payment of the prin-
cipal and interest of this bond upon their maturity. ,
9.14
7�is bond is a,series of bonds of like d to and tenor issued
by 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 day of February 1923.
And it is hereby declared and certified that all acts, condi-
tions 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 required by the constitution and
laws of the State of Kansas and that the total indebedness of said
City including this Serieq pf bonds does not exceed any constitu-
tional or staidSry limit
IN WITNESS WH�,REOF, 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. 1923.
Attest:
Ci y Clerk.
yor
Section 5. The first.interest compon to.be attached to
said bonds shall be substantially as follovs:
On the lst day of February 1924, the City of Salina, Kansas
will pay the bearer at the fiscal agency of the State of
Kansas in th1of-70-pe a, Kansas, the same being one years.
interest on ovement Bond dated February lst, 1923.
N0. City Clerk.
-5-
I
The remaining interest coupons to be attached to said
bonds shall be substantially as follovrs:
NO.
On the 13t day of , 19 the City of
Salina, Kansas will pay to the bearer at the fiscal
agency of the State of Kansas, in the City of 'Iowa, Kansas, the
same being six months interest on its Improvement Bond dated Feb-
ruary 1st, 1923.
NO. City Clerk..
Section 6. The Mayor and Clerk are hereby authorized, direct-
ed and empowered -without unnecessary delay, to prepare and execute
said bonds and coupons as in this ordinance provided and when exe-
cuted, said bonds shall be registered with the Clerk of the City
of Salina, Kansas and trrith 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 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 tos aid con-
tractor or contractors under their respective contracts 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 wor]i and improvements.
Section 7. 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 8. This ordinance shall take effect and be in full
force from.and after its publication once in the official City paper.
Introduced for first reading, February 12th, 1923.
Passed and approved, Februr 19th, 1923
J �
Attest: 4-
City Clerk.