2747 Issue Temporary Notes PT-63RESOLUTION NUMBER 2747
A RESOLUTION authorizing and providing for the issuance of Temporary Notes of
the City of Salina, Kansas, in the sum of $72,717:73 to pay a portion of the cost
of improving certain streets in the City -of Salina to be designated as Series PT -
63 pending the issuance of bonds to pay the cost of said work.
WHEREAS, pursuant to proceddings duly had according to law, contracts have been
let and partially performed forthe construction of certain street improvements
in the City of Salina, Kansas, as provided by Resolution Numbers 2613, 2612,
2639, 2636, 2628, 2610, 2587, 2617, 2615, 2614, 2560, 2611, 2618, 2554, 2635,
2570, 2553, 2641, 2646, 2645 and 2647 and Ordinance Numberes 6656, 6660 all of
which resolutions and ordinances are incorporated herein by reference as fully
as though set out here in full; and
WHEREAS, the total estimated cost of said improvements is $230,197.00; and
WHEREAS, temporary notes numbered 1 to 7 inclusive in the amount of $133,897.90
have been authorized, issued and registered; and
WHEREAS, approved estimate number 2 is now on -file in the Office of the City
Clerk establishing that the 0. D. Wilmoth Construction Company has partially
performed the construction of contract therefore, and is entitled to receive the
sum of $72,717.73 for such partial performance; and
WHEREAS, pending the issuance and sale of bonds to pay the cost of said improve-
ments it is necessary for said City to issue its temporary notes to acquire funds
to pay said contractor for such work:; and SO NOW, THEREFORE
BE IT RESOLVED by the Board of Commissioners of the City of Salina, Kansas:
That the foregoing preambles are hereby made a part of this resolution.
That pending the issuance and sale of bonds to pay the cost of said improvements,
the City of Salina shall issue its temporary notes, dated October 21, 1963 bearing
inters°t .at the rate. of A per cent per annum, maturing on December 1, 1964, : in
the sum of $72_,717.73 being a sum less than the aggregate .amount .of bonds to be
and now unissued as supported and.shown by the approved estimate now on file and
in denomination as follows:
Number 8: $12,717.73
Number 9: $20,000.00
Number 10: $20,000.00
Number 11: $20,000.00
That said temporary notes shall be signed by the Mayor and shall be attested
by the signature of the City Clerk and the corporate seal of the City shall be
affixed thereto and that said temporary notes shall be registered in the Office
of the City Clerk and in the Office of the State Auditor, as required by law.
That said notes shall be designated as Series PT -63 and each shall be in
the form and contain recitals substantially as follows, to -wit:
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UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
TEMPORARY NOTE
$ Series No.
KNOW ALL MEN BY THESE PRESENTS, that the City of Salina in the County of
Saline, State of Kansas, acknowledges itself to be indebted and for value
received promises to pay the bearer the sum of _
dollars in lawful money of the United States of America, on the first day
of 19 with interest thereon from the date
thereof at the rate of per cent per annum, payable at
maturity thereof, both principal and interest of this note being payable at
the office of -the City Treasurer of the City of Salina, Kansas; and the
City of Salina, Kansas, is held and firmly bound by these presents and its
faith and credit are herebh irrevocably pledged for the prompt payment of
said princiapl and interest at maturity. The said City may call this note
for payment at any time before maturity by serving written notice to that
effect on the holder of this note or by publication once in a newspaper;
of general circulation in said city at least seven days before the date of
such call, and may redeem this note on the date of such call for the amount
of the principal and interest accrued to that date and interest shall cease
on such date.
This note is one of a series of notes of like date and tenor,
excepting denomination, aggregating the principal sum of
issued by the City of Salina, Kansas, for the purpose of paying apart of
the cost of construction of certain curbing, guttering, paving and grading
improvements in said city by the authority of and`in fullcompliance with
the provisions, restrictions, and limitations of the constitution and laws
Of the State of Kansas, including Sections 10-101 to 10-115,12'=601 to 12-608
and 13-1011, 13-1011-A and 10-123 General Statutes of.Kansas, 1949, and
such sections as amended, and all other provisions of the laws of said
state applicable thereto, all pending the issuance of bonds of said city to
pay the cost of said work, and this note and interest therein to be paid by
the City of Salina, Kansas.
And it is hereby declared and certified that all acts, conditions and things
required to be done,and to exist precedent to and in the issuance of this
note have been properly done and performed and do exist indue and regular
form and manner as required by the constitution and laws of the State of
Kansas, and that the total indebtedness of said city, including this series
of notes, does not exceed constitutional or statutory limitations.
IN WITNESS WHEREOF, the City of Salina, Kansas, has executed this note by
causing it to be signed by its Mayor and its corporate seal to''be affixed
thereto 19
Attest:
City Clerk
STATE OF KANSAS, COUNTY OF SALINE SS
I hereby certify that this temporary
note has been registered in my office.
Date
City Clerk
Mayo r
AUDITOR OF THE STATE OF KANSAS
I hereby certify that this temporary
note has been registered in my office.
Date
Auditor of the State of Kansas
That the Mayor and the City Clerk are hereby authorized to and directed to
prepare and execute said notes and to sell the same in the manner provided by
law, and when duly executed and registered to.deliver said notes to the purchaser
or purchasers theredf.
That this resolution be in full force and effect from and after its adoption.
Introduced: October 21, 1963
Passed: October 211, 1963
G. E. Spangler .
Mayor
(SEAL)
Attest:
H. E. Peterson
City Clerk
STATE OF KANSAS )
SS
COUNTY OF SALINE )
I hereby certify that the above,and foregoing is a.true and correct copy of
Resolution Number 2747 passed by the Board of.Commissioners of the City of
Salina, Kansas, October 21, 1963.
City Clerk
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