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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.