1003 Issue BondsOrdinance,.?I0.
An or'r:Iinance providing for the ;bssue of X10,000.00 ref�undin? bonds.
BE IT-.�ORDAINED BY THE'- MA.Y0.R AT1T) COINCILIv1FId ..OF THE CI TY OF SAL IA, KANS:
Section '1. That the. re shall be, and is hereby, ordered to be
i <3sued ,the_ negotiable coupon. bonds of the city of Sal.in-b to the ag re-
Crate scum o.f 410,000 f'or the'.pugpose of, compromising and reninding the
lq)ke amount of the out -standing bonded. indebtedness of said city, her'-
tofore legally issue.d� under date of July, 1, 1889, for the purpose of
c�.:,ns.tructleng sewars. in.'said city, of•':Salina:, and which bonded indebted- .
ness is riow a valid;; 'ai?ding'•oa1d: slzbssting obligation of said city of
S a:lina..
Section "2. That the ,bonds hereby authorized, shall consist of ten
,
bonds of the denomination of'-, 10 00. 00 each and number consecutively
from.45to` 54,. both'-rii.mbers' inclusive,. and shall be.desianated refund-
ing. bond,' and shall bear date J;uly., 1; iF399, Ai1d become due andpayable
July, . I., 1909, an d'shall bear izltere t =troin d-�Ite until maturity at the
rate of 4`- per. annum; payable semi anIM-al,y on the ' first days of J anua.ry
and•July in, eRe ,�e�,r; interest to the ��iaturit;y of said refunding bonds
to be -evidenced by:'"p.roper interest doupons to be attached to'ea.ch bond,
the
and both princip=al and, interest of said re,f finding bonds sh.711.1 by poya-
ble at the f i•scal a;enc.t of 'the state of' 'Kans.as in the city alid state
.of Netiu ,York...
Section 3 .. Said ri�.-0inding bonds and .coupons, . rii spectively, shall
be in forrri substanti-ally as follows:
(FOW OF BOND)
U�'"! It F! D. S,t-ATFIS OF ALytERI C A., STATE OF KANSAS.
CITY OF`. SALINA.
NO Re �Unding I3c•nd.. 'x:10,00
K1IOW ATFL MINN ` BY T14ESE PRESENTS,. That-. the city of Salina, in the
County`of Saline, zd State: of Kaa�s �.s, ackno,vleq-_> s to owe, and, for
value received, herby promises to pay to bearer the si.zm of. One Thou-
sand Dol Iars, 1-avrf1a1 mo,ney.of the United States 0f Americom;,` on the fir
t
st of July 1� , together wl ih. Interest on..'said sum. from the date here- ,
of, until pa.id,, -at, the rate 6:r� per annuzT1, payable semi annually on
the . fir^str• days 'of J �-uii.i a, ry '.and July in each year, upon prese11tation and
surrender of. the interest coupons hereto attached as they severally be-
.eome due,.. Bothe- principal and interest of this bond are hereby made
p,ayable at the., f i so fall agency of the State of Kansas in the city and
state .of New, York, and for the prompt payment of • this bond, 'Doul prin-
cip.,al., and interest, at maturity, the full faith -and credit. of the City
of Salina are hereby irrevocably pled-ged:
This . bond. is issued by the City of S.alina .far the purpose of ccm-
promising and r{'funding z likr amount of its l�orided indetat•edness, ,p?ir-.
suint, to and in, flill compliance with the provisions of Chapter 50 of
the Laws of 4ansas, for 'the, year 1879, mid .all ammendmen.ts thereto, and
under, and in aceordancP with'. an ordinance daily phased by the ,iayor and
Councilmen of.said- city of Sabina..
And it is hereby. c e t i f i e d and recited, That ,ill acts, conditions
and thincrs required to be done precedent to and in the issue of this
bond 'have, been, properly clone; .happened and, been performed in the regti-
lar and due forth, as . rfequired by 1=iw; that the bonded indebtedness coirt-
promised and ref :tnded by this bond was, and 'iqp a valid subsisting and
kiinding obligation of s,a' id City of Salin-a,, heretofore issued and otzt-
standin for more than two years prior to; the date_ thereof, and that
said ixldebtedne.ss iv as n.oinc?irred in excess of any constitiituinal or
statutory 1irrdtatei.on-.
:CII ,UETNESS WEEI R.EOF, The said city of Salina-has caused this
bond to be, sealed with its corporate seal, .
signed by its iayor and attested byits
City Clerk, this first day of Ju1,y 4.3).1'899
Attest t�7or.
City Clerk.
F 0" r
m'.f Coupon )
O. TrF CITY` OL S.H��NA.2.5
in the...county o:f' Saline and state of Kansas;•: promises„ to 'ay .to bearer
Twentyi Dollars, ,lawful money .o.i, the iJziited States.;of America on
the -',first, day f ,. t' .the`'Kansas Fis.w, a,genc.y; New fork, S3.y.
for semi . fAIInu:al interest due that date ,on its Refunding .Boni. date, d July
Attest: Mayor
City Clerk
,{
Sept' oxo :4
Th, at t .e Bald. refuel 'z2 onc,s be si nes by the 'tvi .,yrir,
aizd ratt.:st,ed
by the City Clem, the ty' ttached, aid said
;coupon: s �alibe si nec1 'by said IV[ ayor and�.�ttested:'by said' City Clerk,
%ancl;when efecuted' said. refunding bonds shell be: recorded'by the City
Clerk otid .d�liv6r.ed to e City` Tre zsar� r, to be by hire registe-Ped in
the•: off:ic' of the. C .r7� of said 'County -i.nd. the Off'.ic� of the Au6i-
tor.:. f. the; State ,of .Kaa�s s, ..as;: proVi ded 'by ww,' atld .sa.id Tre �zs�:xrer
., ,. 1 1%
s���i?l ;dc.lirer'sai.d r� ftz4iri`:k�onds ta`' tI I.,YYe..hold.Fr.s of theid o!zt-
st.andizl bend, .p; ar:, fbr' p ar .: as` . reed . u "on �ipo'rI t �e sIxrrondP
cellat, iol'-'I f .saki, outstanding . bonds
Sec`tlori..'. This Ordinn'ce .s7all tsIze Fr'.fc,t,tZcx 1be, ix force frorri and
after, 'its, pa'ssa grid publication in, the S?1in=)Daily' Ttepubl,icon=.�o zr-
Passe
Published
A;pprov.e.
Recorde-d Ordinanbc Book 'NO.
P ale . 1\1 0.
ave or
Attest'
City Jerk'.