1780 Issue Bonds•
ORDINANCE NO. 1780.
(Published in the Salina Evening Journal August , 1914)
Providing for the -issue _ of $16,,000.00 of Bonds of the City of Sa-
lina, Kansas, to compromise and refund certain existing legal bonded in-
debtedness of said City.
WHEREAS, the City of Salina, in the State of Kansas, did on or about
the lst day of July 1899, by due and legal proceedings and ordinances under
authority of the Laws of Kansas, cause to be issued $44jO0O.0O of Refunding
Bonds, of said city, bearing interest at five (5%) per cent per annum, pay-
able semi-annually on January lst and July lst each year, in denomination
of $1,000 each, and due July 1st, 1914, which said bonds were dated July lst,
1899, and
WHEREAS, there are yet outstanding and unpaid of said issue of Bonds
$16,000.00, being sixteen (16) Bonds of $1,000.00 each, numbered as follows:
1, 2, 5, 6, 7, 22, 23, 242 252 26, 27, 28, 29, 30, 43, and 44, which con-
stitute a valid and binding indebtedness of said city, and upon which all
interest has always been paid promptly, including the last interest coupons
to mature thereon on July lst, 1914,.and
WHEREAS, there is no sufficient sinking fund on hand in the Treasury
of said City, created or existing, available for the payment of said Bonds
yet outstanding as above recited, and
WHEREAS, it is deemed to the best interests of said city, that said
Bonds and the indebtedness thereby represented, be refunded in accordance
with the Laws of the. State of Kansas, Now therefore,
Be it ordained by the Mayor and Councilmen of the City of Salina:
Section 1. ' hat f.or the purpose of Refunding $16,000.00 of the out -
standing Bonds of the City of Salina, Kansas, being sixteen (16) Bonds of
$1,000.00 denomination, numbered: 1, 2, 5, 6, 7, 22, 23, 24, 25, 26, 27, 28,
29, 309 43 and 442 both inclusive, all dated July 1st, 1899, and due July
lst, 19142 bearing five per cent (5%) interest, being the unpaid balance
of an issue of $442000.002 duly and legally made by the City of Salina on or
about July lst, 1899. The mayor of said city shall sig and the City Clerk
of said City shall attest under the seal of said city sixteen (16) new Re-
funding Bonds of 1,000.00 each, to be numbered one (1) to sixteen (16),
both numbers inclusive, for exchange as hereinafter provided, with coupons
attached thereto for interest thereon at five per cent (5%) per annum, pay-
able semi-amnually on January lst and July lst of each year, which coupons
shall bear fac simile lithographic copies of the signatures of said Mayor
and said City Clerk respectively, which lithographic signatures are hereby
expressly authorized and shall be a valid and legal execution of said cou-
pons as fully as the actual signatures of such officers thereto. The Bonds
hereby authorized shall be issued in conformity with and in pursuance, and
by authority of "An Act to enable Counties, Municipal Corporations, Boards
of Education of any City and School District to refund their indebtedness",
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Or should the present holders of said outstanding Bonds fail or refuse to
present the same for exchange as herein authorized, the said Mayor is.here-
by authorized and dirdcted to sell the new Refunding Bonds hereby author-
ized at.not less than their par value, represented by the face of each
Bond and interest accrued from and after July 1st, 1914, and to pay and
cancel the Bonds heretofore described now outstanding. And upon such ex-
change or sale being made as above provided, the new Bonds hereby author-
ized shall be legal 'evidenc4 of v,*Ild and binding indebtedness of Salina,
Kansas.
Sec. 4. Thereupon, and upon the delivery of said new five per cera
(511'1,) Refunding Bonds in . exchange for the old five per cent (5 O ) Bonds,
as above specified, the Mayor and Clerk shall issue proper cRr* o;ic�• es
to the effa t that the said sixteen (16) five per cent (50) Bonds de-
scribed of One Thousand ($1,000.00) Dollars each, have been cancelled as
required by this Ordinances and by law, and have been filed in the office
of the County Clerk as herein required, and deliver the same to the hold-
er of said Bonds os refunded, together with the five
per cerit (5%) Re -funding Bonds hereby authorized. And said County Clerk of Saline County
shall thereupon register the said sixteen (16) new Refunding Bonds in the
Bond Register of his office according to law, and he shall certify on each
bond that the same have been registered by him.
which took effect March 10, 1879, being Chapter 50 of the Laws of 1879
of the State of Kansas and amendments thereto now in force. Such new
Bonds shall be dated July 1st, 1914, and the interest and principal there-
of shall be made payable at the office of the State Treasurer of the
State of Kansas at Topeka, Kansas, and the said Bonds shall be due as fol-
lows: July 1st, 1919.
Sec. -2. Said Refunding Bonds,
when executed, shall be registered-
egisteredwith
withthe City Clerk of Salina, Kansas, the County Clerk of Saline County,
Kansas,.and with the Auditor of the State of Kansas,,as required by law.
Sec. 3. it is further provided, that when said new Refunding Bonds
to be issued hereunder, are fully executed with the coupons for the in-
terest attached as provided herein, they shall be delivered by the Mayor
of the City of Salina, to the owners and holders of said Bonds to be re-
funded in actual manual exchange for sixteen (16) five per cent (5/) Bonds
of the date.of July 1st, 18992 upon presentation thereof, Bond for Bond,
and dollar for dollar, at their par value, and upon delivery od said new
bonds hereby authorized, the said five per cant (5%) Bonds described, so
exchanged, shall be cancelled and marked "Paid in Full" across the face
of each of said coupons, and said old Bonds and coupons when cancelled
shall be filed in the office of the County Clerk of Saline county, Kansas.
Or should the present holders of said outstanding Bonds fail or refuse to
present the same for exchange as herein authorized, the said Mayor is.here-
by authorized and dirdcted to sell the new Refunding Bonds hereby author-
ized at.not less than their par value, represented by the face of each
Bond and interest accrued from and after July 1st, 1914, and to pay and
cancel the Bonds heretofore described now outstanding. And upon such ex-
change or sale being made as above provided, the new Bonds hereby author-
ized shall be legal 'evidenc4 of v,*Ild and binding indebtedness of Salina,
Kansas.
Sec. 4. Thereupon, and upon the delivery of said new five per cera
(511'1,) Refunding Bonds in . exchange for the old five per cent (5 O ) Bonds,
as above specified, the Mayor and Clerk shall issue proper cRr* o;ic�• es
to the effa t that the said sixteen (16) five per cent (50) Bonds de-
scribed of One Thousand ($1,000.00) Dollars each, have been cancelled as
required by this Ordinances and by law, and have been filed in the office
of the County Clerk as herein required, and deliver the same to the hold-
er of said Bonds os refunded, together with the five
per cerit (5%) Re -funding Bonds hereby authorized. And said County Clerk of Saline County
shall thereupon register the said sixteen (16) new Refunding Bonds in the
Bond Register of his office according to law, and he shall certify on each
bond that the same have been registered by him.
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Sec. 5. There is hereby levied annually at the time stated time
of making such levy of other taxes, a tax sufficient in amount to pay the
Interest on said Bonds represented by said coupons as they became due, and
to create a sinking fund for redemption of said Bonds as they mature,
which shall be collected with the other taxes in said county and paid into
the Treasury of the County as provided by-law for other taxes, and the same
shall be and remain a specific fund for the redemption of said Bonds, prin-
cipal and interest as the same shall mature.
Sec. 6. This ordinance shall take effect and be in force from and
after its publication once in the Salina Evening Journal.
Passed and approved August 3, 1914.
V. E. Niquette.
Mayor.
(SEAL)
Attest:
Chas E. Banker,
City Clerk.
STATE OF KANSAS )
COUNTY OF SALINE ) SS.
CITY OF SAL INA }
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, August.3rd, 1914, and a record of the
vote on its final adoption is found on page q of Journal No. 8.
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(Published in the Salina vening Journal Aug.. 1914) .
ORDINANCE 110. f �
Providing for the issue of
&,000.00 of Bonds of the City of Salim, Ran,-
sas, to compromise and refund certain 'existing legal bonded indebtedness of
said City.
"` S, the City of Salina in the State of Kansas, did on or about
the lst day of July 1899, by due and legal proceedings and ordinances
under authority of the Laws of Kansas, cause to be issued 5 44.000.00 of
Refunding Bonds of said City, bearing interest at 5% per annum, payable semi-
annually on January lst and July lot each year, in'denomination of .
each, and due July let, 1914, which said Bonds were dates 1� , , 1899,
and
M T+' S, there sire yet oiztstand3ng and unpaid of said issue of Bonds
16,000.00 , being ' , g ; 7rt. F? p Yt Bonds of BOO p each, numbered
as follows 1 ,�-�•----
which constitute valid and binding indebtedness of said'.01ty, and upon which
all interest has always been paidpromptly, including the last interest coupons
to mature thereon'on duly,1st., 1914;. and
WhMEAS, there is no sufficient sinking fund on hand in the Treasury
of said City, oreated'or existing, available for the payment of said Bonds yet
outstanding as above recitbd, and
WIEMMS, it is deemed to the best interests of said City that said
Bonds and the indebtedness thereby represented, be refunded in accordance with
the Laws of the. State of Kansas. ..Now, therefore,
M BE IT. ORDAINM BY THE IMYOR AND COUNCIUM OF THE
CITY OF SALINA,. FUNW.V
SECTION 1. That for the purpose of Refunding I6 00Q. 00
of the .outstanding Bonds of the City of Salim., Kansas, beingsixteen
'Bonds of 11000 denomination, numbered.-
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umbered:Q5 6 7 22 23 24, 25�_ 26. 27. 28L 29, 30, 43 and -44
-both lagluajLEg,
all dated July 1st , 1899, and due July lst,' 1914, bearing 5%
interest, being the unpaid balance of an issue of 44, 000.00, duly and
legally made by the City of Saline on or about July 17s t
The Pisyor of said.City shall sign and the City Clerk of said City shall at-
test under . the saal of said City s ixt Pen -(.-16 j new Refund.,
ing Bonds of 1,000 each, to be numbered one (` 1� to.
s ( 16 ) , both mmibers inclusive, for exchange as
hereinafter provided, with coupons attached thereto for interest thereon at
5% per annum, payable semi-annually on January lot and July 1st of .each year,
which coupons shall bear fac simile lithographic copies of the signatures of
said Irayor of the City and Clerk respectively, which lithographic sig-
natures are hereby expressly authorized and shall -be a valid and legal execu-
tion of said coupons as fully.as the actual signatures of such officers there-
to. The Bonds hereby authorized shall be issued in conformity with and in
pursuance, and by authority of "An Act to enable Counties, Municipal Corpor-
ations, Boards of Education of any.Citg and School District to refund their
indebtedness," which took effect march 10, 1879, being Chapter 50 of the laws
of 1879 of the State of Kansas and amendments thereto now in force. Scuh
new Bonds shall be dated July lot, 1914, and the interest and principal
thereof shall be made payable at the office of the State Treasurer of the
State of Kansas at Topeka, Kansas, and the said Bonds shall be due as follows:
July is t, 1919. shall
See. 2. Said refunding bonds, when executed,/Ibe regis-
tered with the city clerk of Salina, Kansas, the county clerk
od Saline county Kansas, and wvith the Auditor ! -,of State of
the State of .Kansas, as required by law/
..provided
smwwl-IT IS PMTIM imvax that when said new Refund-
'ing _Bonds to be issued herender, are fully executed with ;tae coupons for
the interest attached as provided herein, they•shall be delivered by the.
Mayor of the City_of_.Salina*, to the owners and holders of sa d,Bonds•to be
refunded in actual mangai exchange for se Lxt p ee n
5q� Bonds of the date of Tuly l , 1899, upon presentation thereof, .
Bond for Bond, and dollar for dollar, At. -their par'value, and. upon delivery .
of said -now Bonds hereby'authorized, the said 51% Bonds described, so..exchang-
ed, shall be cancelled and marked "Paid.in W1.11 across.the face of each of
said Bonds and -coupons, and said old Bonds and coupons when cancelled shall
be file'in the office of the::County Clerk of Saline County, Kansas.` .Or
should the present holders of said outstandiM Bonds fail or refuse to pre-,
sent the same for exahange.as herein authorized, the said Mayor is hereby
authorized and..direct'ed-to.sell the new Refunding Bonds hereby authorized at
not less than heir par value, represented'by the face of each Bond and in-
terest accrue �Ju1y lot, 1914, and to:'pay and cancel the Bonds heretofore de-
scribed now outstanding. And upon such:exchange or sale being made as above
provided, the new Bonds hereby authorized shall be legal evidence of.valid .
and binding indebtedness of Salina, Kansas.
SEC THEREUPDX9 and upon the delivery of said new 5%
Refunding Bonds i -A excbange for the old 5% Bonds,- as above-specified, the
1.1ayor and the Clerk shall issue proper certificates to the effect'that the
said sixteen (__IC-_) _57 Bonds described of0120,
housand (1 L000 ) Dollars each, .have been cancelled as required
.by this Ordinance and by law, and have been filed in the office of the County
Clerk as herein required, and deliver the same to the holder of said Bonds so
refunded, together with the 5% Refunding Bonds hereby authorized.. And said.
County Clerk of Saline County shall thereupon register the said
s ixt eeu ( ja -new Refunding Bonds in the Bond Register of his office
according to law, and he shall certify on each Bond that the -same has been
r isteered by him.