1762 Sewer Improvement BondI I Pfd y
ORDINANCE N0. 1762.
_(Published in the Salina Evening Journal May2_,,g , 1914.)
An ordinance providing for the issuance•of.sewer improvement
bonds of the City of Salina, Kansas in the sum of $191100.00
Whereas, the mayor and council of the city of Salina have caused
to be built and constructed certain sewers in said city, as providdd
by Ordinances numbered 1730 and 1753., 1747 and 1755, the total contract
price and cost of which is in excess of $'19,100.00; therefore,
Be it ordianed by the Mayor and Councilmen of the City pf Salina:
Section 1. That the cost of said sewers shall be payable in
ten annual installments, instead of levying the entire tax for such
cost at one time, the first installment to be paid with the taxes of
1914 and one installment with the taxes of each succeeding year until
the whole sum is.paid; and that for such installments there shall be
issued sewer improvement bonds of the city of Salina in the total sum
of $19,100.00, as herein provided.
Sec. 2. Said issue of bonds shall consist of eleven (11) bonds
of the denomination of one thousand dollars (1,000) each and nine (9)
bonds of the denomination of nine hundred dollars ($900) each; they
shall be dated June 1, 1914, and payable as follows, viz: 2.,000.00 on
June 1, 1915, and $1,990.00 on the first day of June in each year
thereafter for nine years.
Sec:: 3-:nc_`Sai:d bonds shall bear interest at the rate of five (5)
per cent per annum from their date, payable semi-annually on the first
days of June and December of each year, the first semi-annual install-
ment of interest falling due December 1, 1914, and theseveral install-
ments of interest shall be evidenced by coupons attached tosaid bonds,
and both principal and interest shall be payable at the fiscal agency
of the State of Kansas, in Topeka, Kansas.
Sec. 4. Said bonds shall be signed by the Mayor and attested
by the clerk of the city, and shall have the corporate seal of said
city thereto, and said interest coupons shall be signed by the city
clerk.
Sec. 5. The mayor and clerk are hereby authorized and directed
to prepare and execute, as ;soon as practicable, the said bonds herein
provied for, therin pledging the credit of said city for the payment
thereof, and when executed the said bonds shall be by the Mayor and
Council sold, for not less than their par value, and out of the pro-
ceeds thereof pay the cost ,of building and constructing such sewers
aforesaid; and the mayor and council shall make provision annually
for the payment of the principal and interest of said bonds, as the
same -shall becone due, by levying an assessment on the property liable
therefor.
Sec. 60 This ordinance shall take effect and be in force from
and after its publication once in the Salina Evening Journal.
Passed and approved May 18, 1914.
V. E. Niguette,
(SEAL)- Mayor.
Attest:
Chas. E. Banker,
City Clerk.
STATE OF KANSAS
Ss.
COUNTY OF SALINE
I hereby certify that the above and foregoing is a
true.and correct copy of an ordinance passed by the Council and approved
by the Mayor of the City.of Salina, Kansas, on the 18th day of May,
1914; and a record of the vote on its final adoption is found on page4/�
of Journal ,No . 8*
..City Clerk,
(Published in the Salina.Evening Journal May1914).
ORDINANCE NO.
An ordinance pr..oviding for the issuance of sewer improvement bonds of
the City of Salina,. Kansas, in the slur. of $19,100.00.
Whereas, the mayor and council of the city of Salina -have -caused
to be built and constructed certain sewers.in said city, as - provided
by Ordinances numbered 1730 and 1753, 1747 and 1755, the total contract
price and 'cost of which is in excess of $19,1.00.00; therefore,
Be it ordained by the Mayor and Councilmen of the City of Salina:
Section 1. That the cost of said sewers shall be payable in ten
annual installments, in.sted,d of levying the entire tax for such cost.
at one time, the first installment to be paid with the taxes of 1914
and one installment'
.with the taxes of - each succeeding year until the,
whole of . su..ch sum .is paid; and that for such installments there shall
be issued sei.er.-'irproverfent bonds of the city of Salina -in' the total
sum Cif $19,7.00.100, as -herein provided.
Sec. 2. Said issue of bonds shall consist of eleven. (11) bonds of
the denomination -of one thousand dollars ($1,000) each and nine (9)
bonds of the denomination of nine hundred dollars ($900) each; they XkXX
shall be .dated June 1, 19147. and payable as follows, viz $2,000.00 on
June 1, 1915, and $1,900.00 on the .first day of June in each year
thereaf ter f or nine years.-
Sec.
ears.-Sec. 3 Said bonds shall bear interest at the rate of five (5 )
per cent per annum from their date, payable semi-annually on. the first
days of June and December of each year, the first semi-annual install-
ment of interest falling due December 1, 1914; and the several install-
ments . of interest shall be evidenced by c6upons .attached to raid bonds,
and both principal and interet shall be payable at the fiscal agency of
the State of Kansas,- in. Topeka, Kansas.
Sec. .4.. Said bonds shall be signed by'the Mayor and attested by .
-the clerk of the city, and shall have the corporate seal of said .city
affixhdf thereto, and said interest coupons shall be signed byAhe
city clerk.
Sec. 5. The manor and clerk are hereb,T authorized and difected
to prepare and execute,= atxl=dm as soon as practicable, the said
bonds herein provided for, therein pledging the credit of'said city
for,the payment thereof,.and when execnited.the said bonds shall be by
the mayor and council sold; for not less than their par value, 'and out
of the proceedsthereof pay the cost cf building and constructing such
sewers aforesaid; and the mayor and council.shall make provision an-
nually for the payment of the principal and interst of said bonds, a.s
the same shall become due, by levying an :assessment on the property
liable therefor:
Sec. 6. This ordinance shall take -effect and be in force from and
after its publication once in the Salina. EVeniri; Journal.
Passed and approve' May 1914'.
191.
Q
4TI ayor .
Attest: GCJ