1897 Issue Improvement BondsIT Ay
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ORDINANCE NO.. 1897..
Published in the Salina Evening Journal October 1915:1
An ordinance providing for the issuing of Improvement Bonds of the
City of Salina, Kansas, in the sum of $26,000.00, to pay the
cost 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 paving, excavating, curb-
ing, and guttering of Highland Avenue, from the south side of Prescott
Avenue to the north side of Republic avenue; Tenth Street, from the
north side of Iron Avenue to the south side of Ash Street ; and Craw-
ford Avenue, from the west side of Santa Fe Avenue to the east side
of Ninth Street, except the intersection of Crawford Avenue with High-
land Avenue, all in the City of Salina, Kansas; and,
WHEREAS, the total cost of said, improvements has been ascertain-
ed and the portion thereof to be paid by a general tax to be levied
on all taxable property within said City for the improvement of the
squares and areas formed by the intersection of,streets and alleys,
and for City property, and for which bonds are to be issued, as herein -
after provided, has been ascertained and is hereby determined to be the
sum of $22422.56, and the portion thereof to be paid by special ass-
essments levied upon the lots and pieces of ground liable therefor has
been ascertained and is hereby determined to be the sum of 33,264.52,
and said last named amount has been heretofore duly assessed and ap-
portioned to the several lots and pieces of ground on such streets lia-
ble therefor, payable in ten equal anntial installments according to
law and as provided in Ordinances -Nos. 1848, 1849 and 1867, of the City
of Salina, and the amount of said special assessments for which bonds
are to be issued, as herein provided, in ant is ipat ion of said special
assessments which remain unpaid has been ascertained and is hereby de-
termined to be the sum of $23,577.44, the difference between the last
two named amounts having been paid by the property owners on said streets,
whose property has thereby been discharged from any further assessments
for the cost of the said i0provement s in the amounts so paid; therefore,
Be it ordained by the Mayor and Councilmen of the City of Salina:
Section 3. That the cost of said street improvements, after
deducting therefrom the assessments heretofore paid thereon as afore-
said, including the cost of the improvement of the squares and areas
formed by the intersection of streets and alleys, and of streets adjac-
ent to city property, shall be paid in ten equal annual installments,
the first installment tobe paid with the taxes for the year 19179 and
one installment with thetaxes for each succeeding year thereafter until
the whole is paid. and that for such installments there shall be and
3:92
are hereby issued Improvement Bonds of the City of Salina, Kansas, in
the aggregate sum of Twenty -Six Thousand Dollars, ($26,000.00) , as
hereinafter provided.
Sec. 2. Said issue of bonds shall consist of fifty (50) bonds of
the denomination of Five Hundred Dollars, (500.00) each, and ten (10)
bonds of the denomination of One Hundred Dollars, ($100.00) each, num-
bered from one (11 to sixty (60) inclusive, all bearing interest at the
rate of five per cent (5%) per annum, payable April 1st and October lst,
of each year after the date of said bonds, which shall be October lst,
1915, said bonds shall have interest coupons attached and shall become
due and payable as follows, to -wit: twenty -Six Hundred Dollars, ($2600)
on the first day of October 1916, and Twenty -Six Hundred Dollars, ($2600)
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on the first day of October in each and every year thereafter for a peri-
od of nine years.
Sec. 3. Said bonds shall be signed by the Mayor and attested
by the City Clerk of said City, and shall have the corporate seal of
said City attached thereto, and the interest coupons of said bonds shall,
be signed by the City Clerk, and both bonds and coupons shall be pay-
able at the fiscal agency of the State of Kansas.
Sec. 4. Said bonds shall be executed in the form and shall con -
Iain recitals substantially as follows:
UNITED STATES OF AMERICA
STATE OF KAN SAS .
CITY - OF ---'SAL INA-', .
No.
KNOW ALLMENBY THESE PRESENTS, That .the City of Salina, in
the County of ,aline, and State of Kansas, for value received, hereby
acknowledges itself to be indebted to s.nd promises to pay to the bearer
the sum of 4 , in lawful money of the United States of
America, on the first day of October 19 _, with interest thereon at
the rate of five percent per annum, payable semi-annually on the first
days of April and October of each year after the date thereof until
the principal sum shall have been mid, upon the presentation and sur-
render of the proper interest coupon hereto attached bearing the signa-
ture of the city clerk of said city, as they severally become due, and
both princ iapal and interest are payable at the fiscal agency of the
State of Kansas, in the city of Topeka, Kansas, and the City of Salina
is held firmly bound, and its faith and credit and all real and person-
al property in said city are hereby pledged for the prompt payment of
the principal of this bond and the interest at maturity.
This bond is one of a series of bonds .of like date and tenor issu-
ed by the City of Salina, to pay for street improvements in and for said
City, under and by authority of and in compliance with the provisions
of the laws of the State of Kansas, governing cities of the second
class, and in compliance with an ordinance duly'and legally passed by
the mayor and council on the 4th day of October, 1915.
And it is hereby declared and certified that all acts, conditions
and things required _to be done and to exist precedent to and in tfi'e_:i*su-
ance of this bond have ben properly done and performed and do exist in
regular and due form as required by the constitution and laws of the
State of Kansas, and that the total indebtddness of said City, includ-
ing this series of bonds, does not exceed any constitutional or statut-
ory 1 im it at i ons .
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IN WITNESS WHEREOF, said City of Salina, ,by its Mayor and Coun-
cil, has caused this bond to be signed by its Mayor and attested by
its City Clerk, and its corporate seal to be hereto affixed and this
bond to be dated on the first day of October, 1915,
...................... Mayor.
Attest:
.........................City Clerk.
See. 5. The interest coupons to be attached to said bonds shall
be substantially in the following form:
INTEREST COUPON.
No.
393
On the first day of , 19 , the City
of Salina, Kansas, will pay to the bearer dollars, at
the fiscal agency of the State of Kansas, in the city of Topeka, Kan-
sas, being six months interest on its improvement bond dated Octo-
ber 1st, 11.915, and No .
...................... City Clerk.
ordinance provided, and when executed, said bonds shall be register-
ed with the city clerk of said city of Salina, with the county clerk
of Saline county, Kansas, and with the Auditor of State 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 said
improvements, in proportion to the amounts due such contractors, re-
spectively, in payment of . the amounts due then for such work and im-
provements; Provided, however, that such bonds shall not be sold or
delivered to such contractor or contractors at less than their par
value, nor in a greater sum or amount than the whole sum or amount due
and owing said contractors under their respective contracts with
said City, for the making of said improvements; Provided, further, that
the mayor and council may sell said bonds at not less than their par
value and out of the proceeds thereof, pay said contractors for sAid
work and improvements, and that the mayor and council shall annually
make provision for the payment of the principal and interest on said
bonds as they severally become due, by levying a tax on the proper-
ty liable therefor.
Sec. 6. The Mayor and City Clerk are hereby authorized and
directed to prepare and execute said bonds and coupons, as in this
ordinance provided, and when executed, said bonds shall be register-
ed with the city clerk of said city of Salina, with the county clerk
of Saline county, Kansas, and with the Auditor of State 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 said
improvements, in proportion to the amounts due such contractors, re-
spectively, in payment of . the amounts due then for such work and im-
provements; Provided, however, that such bonds shall not be sold or
delivered to such contractor or contractors at less than their par
value, nor in a greater sum or amount than the whole sum or amount due
and owing said contractors under their respective contracts with
said City, for the making of said improvements; Provided, further, that
the mayor and council may sell said bonds at not less than their par
value and out of the proceeds thereof, pay said contractors for sAid
work and improvements, and that the mayor and council shall annually
make provision for the payment of the principal and interest on said
bonds as they severally become due, by levying a tax on the proper-
ty liable therefor.
394
'Bec . ,7. * This ordinance shall take effect and be in force from
and. after its publication once in the Salina Zvening Journal.
Passed and approved, October 4th, 1915.
(SEAL)
Attest:
Chas, B. Banker x.
City Clerk.
STATE W KANSAS )
COUNTY OF SALINE ) aS.
CITY OF SAL INA. )
-J. E. Put nam .
Mayor.
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, October 4th, 1915; and
a record of the vote on its final adoption is found on Page /P? of
Journal No. 8.
City Clerk.
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(Published in the Salina Evening- Journal October , 1915.)
MDINANCE BTO. .
An ordinance, providing .for the issuing of improvement Bonds of the
City of Salina, Kansas, in the sum of 2.6000..40
to pay the cost of improving certain streets.in said city.
�hdte, as, in pursuance of proceedings duly had according •to
law contracts have, been let and performed: -for the p4ving, -excavating,
curbing and .guttering of - Highland .Avenue, from the south side of
Prescott Avenue to the north side of Republic Avenue; Tenth Street,
from the north side of Iron Avenue to the south side of Asn Street;
and Crawford Avenue,from the west side of'Santa Fe Avenue -to the east
sifLe of Hinth Street; -,except the intersootion of Crawford Avenue with
Highland .Avenue;. all in the City_. of Sal, na,pnsas;
And_ Whereas, the total cost of said -improvements has been
ascertained and the portion thereof to be paid by a general tag to be
levied on all taxable property within said city for the improvement of
the squexes and areas.formed by tho intersectionof streets and a11qys, �
and for cityproperty, and for which bonds are to be issued, as herein-
after provided, has been ascertained and is hereby determined to be the
sum Of 21422.56 and the portion thereof to be paid by
special assessments levied upon the Tots and•pieces of ground liable
therefor* has been ascertained and is hereby determined to be the sum
of § 33,264.52 and said last named amount has been heretofore
duly assessed and aporti,oned to the several lots'and pieces of ground
on such streets liable theTeforn, payable,.in ten annual installments
aocroding to law and as .provided in ordinances Bios. 18482 1849
and 1867 = :- _
of 'the"City` of Salina,and 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 is hereby determined to be. the sum of
23,577.44 , the difference between the last two named amounts
having been paid by the property owners on said streets, whose property
.has thereby been discharged from any further assessments for the cost of
the said improvements in the amounts so paid; therefor;
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Be it ordained by the mayor and council of the City of Salina:
Section 1. That the cost of slid street improvements, after
deducting therefrom the assessments heretofore paid thereon as aftresai d,
including the cost of the improvement of the squares and areas formed
by the intersection of streets and alleys, and of zUy-ptreets.adjacent
to city property, shall be paid in ten equal annual installments, the
first installment to be paid with the taxes for the year 1917 and one
installment with the taxes foe each sucdeeding year thereafter until
the whose is paid, and that for such installments there shall be ange
are hereby issued Improvement Bonds of the City of SalinaKansas, in
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the agregate sum of 24
dollars, as hereinafter provided.
Section 2. Said issue of bonds shall consist of ��`
of the denomination of,�e oh(w)bondsd
4A. Ev-
blinds of the denomination of each,
each,
numbered from l to ,inclusive, all bearing Interest at the rate of
five per cent per annum, payable April lst and Pctober lot of each
year after the date of said bonds, which shall be October lst,19159
said bonds shall have interest oupons attached and shall become due and
payable as follows,towit; Ain` on the first day of
October,1916, and "(DF�.)n the first day of October in
each and every year thereafter for a period of nine years.
Section 3. Said bonds shall be signed by the mayor and attested
by the city clerk of said city and shall have the corporate seal of said
city attached thereto, and the interest oupons of said bonds shall be
signed by the city clerk, and both bonds and oupons shall be payable at
the fiscal agency of the State of Kansas.
Section 4. Said bonds shall be executed in the form and shall
contain recitals substantially as follows:
w � r
UNITED STATES OF AMIC,A
STATE OF ZWSAS?
. CITY OF SALINA Noe—
.
,
Snow all men by these presents, That the City of Salina,
in the County of Salina, and State of Kansas, for value received,
hereby adknowledges itself to be indebted to -and promises to pay to
the bearer the sum of in lawful money of the Nnited States
of America, on the first day of Oetober,l9 with interest thereon
at the rate of per cent per annum. pale semi-annually on the
first dans of April and October of each year gfter the date Thereof
until the principal sum shall have been paid, upon the presentation
and surrender of the proper interest cupon hereto attached bearing
the signature of the city clerk of said city, as they.severally become
due, and both principal and interest are payable at the fiscal agency
of the State of Kansas, in the City of Topeka,ansas: and the City of
Salina is held and firmly b3und, and its faith and credit and all real
and personal property in said city are hereby pledged for the prompt
payment of the principal of this bonci.and the interest at maturity.
This .bond is one of a series o f. bends of like date and tenor
issued by the City of Salina to pay for street improvements in and far
raid city under and by authority of and in compldence with the pro*
visions of the laws of the State of Kansas governing cities of the
second class, and in compl4ance with an ordinance du and le
passed by the mayor and council of said city on the day of.
1915,
And it is hereby dedlared 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 exist in regular and due 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 limitations.
IN WITNESS WH
=OF, said City of.Salina, by its Mayor and
Council, has cawed this bond to be signed by its Mayor and attested
by its city clerk, and its coppprate seal to be hereto affixed and
this bond to be dated on the first day of October,1915,►
Attest:
...................... City Clerk.
Section 5. The interest cupons to be attached to said bonds shall
be substantially in the following form:
No.
INTEREST CUPON.
On the first day of the Oity,of Salina,Sansaeg
will pay to the bearer dollars 'at the fiscal agency of tbs.
State of .ansas, in.the City of Topeka,$ansas, being six months
interest on its improvement bond dated October 10,1915 and No.
....................... City Clerk.
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Section 6. The Mayor and City Clerk are hereby authorized
and directed to prepare and execute said bonds and capons, as in this
ordinpnce provided, and when executed said bonds shall be registered
with the city clerk of said city of Salina, with the county clerk of
Saline County,Sansas, and with the auditor of state of the State of
Kansas, as.required by law, and shall be, by the mayor of said eity,
delivered to the contractor or contractors constructing said -improve-
ments, in proportion to the amounts due such contractors,respeotively,
in payment of the aa'ounts due them for such work and improvements;
Provided, however, that such bonds shall not be sold or delivered to
such contractor or contractors at less than their par value nor in a
greater'sum or amount than the whole sum or amount due and owing laid
contractors under their their respective contracts with said city for
the making of said improvements; -Provided further, that the mayor and
council may sell said bonds at not lees than their par value and out
of the proceeds rhereof pay said contractors for said work and improve -
meets, and that the mayor and council shall annually make provision
for the .payment of the principal.and interest on said bonds as they
severally become due,by levying a tax on the.property liable therefor.
Section 7. This ordinance shall take effect and be in force
from and after its?publieation once in the Salina Evening Journal.
Passed and approved 91915.
1YlUY V r .
At t esrt :
City Clerk.—