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1326 Improvement Bonds Santa Fe(PuIblished in the Sali#a Evening Journal August 24, 1906). ORDINANCE NO. / 0 L- r An ordinance providing for the issuance of bonds of the City of Salina,in the sum of to pay for the improvements of portions of Santa Fe avenue in said city. WHEREAS, in pursuance of proceedings duly had and taken according to law, contracts have been let for the improvement of Santa Fe avenue in the city of Salina, Kansas from the south side of Iron avenue to the south side of the 81 J®d the total cost of ,jInion Pacific Railroad teetAe, said improvement has been ascertained, and the portion thereof to be paid by a general tax to be levied upon all of the taxable property within 06 said city has been ascertained to be the sum of $ V477 - 77 and the _­ / portion thereof to be paid by special assessments mon the lots and pieces X. 0, ground liable therefor has been ascertained and said amount has been heretofore duly assessed and apportioned to the said several lots and pieces of ground, payable in ten annual installments, accordirc to law, and the amount for which bonds are to be issued in anticipation of said I special assessments which remain unpaid has been ascertained and is hereby determined to be the sum of and WHEREAS, all legal requirements have been fully, complied with to authorize) the issuance of bonds on account of said imrovements, there- fore, Be it .ordained by the Mayor and Councilmen of the city of Salina: Section 1. That there shall be issued on account of said street improvement a series of bonds of the city of Salina, in the aggregate SUIE of T,which shall consist of bonds of $1,000.00 each, and one bond of $ all bearing date of September lst,` 1906, numbered f rom No. 1 too.A , bearing interest at the rate of five per cent per annum, payable semi-annually on March lst and September lst of each year, arid shall become due and payable as follows: $ Ir n September lst 1907, and $ n the first dwi of September, in each and every year thereafter for the perioci of nine years. Sec. 2. That said bonds shall be signed by the Mayor and attested by the Clerk of said city and shall have the corporate seal of the city attached thereto, and that the interest coupons shall be signed by the city clerk, and that both bonds and coupons shall be payable at the Fiscal Agency of the State of Kansas, in the city of New York, State of New York. contain recitals substantially as follows: UNITED STATES OF 99,R I C A. No. STATE 0 OF KANSAS. CITY OF SALINA INTERNAL IMPROVEINNT BOND. KNOW ALL :E'N BY 7I1ESE PRESENTS, that the City of Salina, in the count Saline- State of Kansas, for value received, hereby acknowledges itseN of be indebted to and promises to �,,ay the bearer, the sum of n , Dollars lawful moneir of the nited States of America, o IEW-T'rs iY cLaybof se�tember, 190 4 , with interest thereon at the rate of five per cent per annum payer selrli-arzlually on the f irst day of March and September of eacA year after the date hereof until the princi- pal sum shall b id upon he presentation and surrender of the proper E:r' bearing the signature of the clerk of interest coupons eto_�-_'attached, said cit as they severally become due, and bot H principal and interest are ayXfe at the Fiscal Agency of the State of lansas in the city of New York, State of New York; and the city of Salina is Aereby held. and firmly bound, and its faith and credit and all the real and perso1 property in said city are hereby pledged for the rompt payment opthe princi al of this bond and the interest thereon J maturity. 9iis bond is one of a series of bonds of like date and tenor issued - improve by.the said city of Salina tojay for street - tents in and fon said citTunder and by authority of and in compliance with the provis- ions of 'je laws of the State or Kansas governin V _g cities of the second class of less than ten thousand inhabitants) and in compliance with an ordinance duly and legallyassed b he mayor and council of said ,city on the 23rd diy of August R. D. 19�6t. And it is herebir declared and certified that all acts, conditions and t.hings required to be done and to exist precedent to and in the issuing 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 fonds, does not exceed Wr constitutional or -statutory limitations. IN TESTIMONY WHEREOF, saki City of SalinaI b i Mayor and Council, IV 1:4 has caused this bond to be si'yred by its Mayor and attested by its Clerk and its corporate seal to be hereto affixed and this bond to be dated the first day of September, ,>1906. Attest: ity -Clerk--.— vlayor. See. 4. That the interest coupons to be attached to said bonds shall be substantially in the form following, to-,ffit: Ivo. INTEREST COUPON. 0 On the first day of, the r the City of Salina Kansas will pay the bearer To—r at e fiscal�A encyr of the Mate Of., ` Kansas in the city 0 1e York being six months interest on its +� internal improvement bond dated September lst, 1906. n -- - -- City Clerk. Sec. 5. That the Mayor and Clerk are hereby authorized without unnecessary delay to prepare and execute said bonds and coupons, and th; o when executed they shall be registered by the City Clerk of the city- of, . Salina, the County Clerk of Saline county, Kansas, and by the Auditor 0 of State of the State of Kansas, as required by law, and shall be, by V r 40 '4 the Mayor of said city, delivered to the contractor, the Kansas Bitu- � lithic company, in. payment for the improvements made and that the � mayor and council shall annually make provision for the payment of the principal and interest of said bonds, as the same shall become due, by� levying a taxa upon the property liable therefor. Q P4 Sec. 6. That this ordinance shall take effect and be in for 0 _ ce ' � i rq from and after its publication once in the Salina Evening Journal. $4 m Passed August 23, 1906. Approved August 23, 1906. Q afro r Attest;0+12 1V er.