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j An ordinance protid=ing. dor the issue ,af `sewer i"hnprovement. bonds'-: of
Ciy-of Salina;: Kansas;, in the sure of 417,6OO.'0O r F
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WHERI!',AS, the 'Mayor anal C0unci`I- o,.
f s' id city" yhave caused .to be built
`
,- and 'constructed certain'severs, and: drains ,n`°said city, --the contract `price
of which exceeds -17,600.00 :herefore '.
DBe it ords,'ined'; by: the Mayor and Councilmen.:of the City of Salina;:
s6ctiori i... That the :cost of id 'sewers and `'dra. rs •sra;.11 :be paid
in teri ,Jnstallments; :instead of;. levy ing= the: entire tax fo'r such;,cost : at .
one tire',. the• f,irst.-insta.11ment .to. be paid.,. with the takes for- the. year'
1#62 and-. one installment Wit.h,. the 'tax6b ;of each: succeeding year until
the *hole are ps,sd,• •and that f;or ,such installments -there'`be issued.sewer .'
i�rsprovement bonds of,-'s,aid city, in,the euro :of` Seventeen fho.usan�, six`hun-
dred (17.`, 600) Ivollars f as, here inafterprovided.
shall
Sec 2.. Said - issue.�•'nf bonds zkII c ons ist •• of ten (10) :bonds of the
denominat ion :of: one thousand.. (1, 000) Dollars• 'each and ten .:.(10) bonds ' of '
the denominat ion of seven 'hun'dred: s ix_t3, (760.) Dollars each, shall 'be
dated 'Jul. 11"4W21 and ::.shall',be. due ancI payable :in ten (l0.), equal annual
ti installments, . on Julu I each year, beg nnin' with, July_; 1- . 1903.
Sec.: 3. Said bonds ahall hear interest at the rate 'of five. (5)
Per cent per•, annum from. their date,, payable semi-annually.,.on.the first
days of January and July. in each year, acid `the several installments of.. .
interest shall be 'evidenced by' coupons attached to said bonds :.':.and both
principal -and -interest.."'shall', be.'payable as.. they becorme due :at the Fiscal
Agency, of :-the State of .Kansas., . 'in. the City 'of : New York'., :State of . New York.
Sec: 4. Said bonds be 'signed by the mayor and countersigned
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,� the:'cl ork of sa�`d cit y.:and have ' affixed ;there.to' the corporate- seal . of
,
said, city, and said interest coupons . shall be signed;•`by said clerk
Sec. 5. The m mayor; and .cJemk of said, city are here`autY?orYzed :
and directed, as soon as practicableto:..prepare and.. execute',': saidbbonds,
therein pledging, the "credit. of'• the City -for the - payment thereof, and.': when
executed such. bonds .,ah: