2792 Issue Temporary Notes PT-661
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RESOLUTION NUMBER 2792
RESOLUTION authorizing and providing for the issuance of Temporary Notes of the
ity of Salina, Kansas, in the sum of $18,577.10, to pay a portion of the cost of
mproving certain streets in the City of Salina to be designated as Series PT -66
ending the issuance of bonds to pay the cost of said work.
HEREAS, pursuant to proceedings duly had according to law, contracts have been let
nd partially performed for the construction of certain street improvements in the
ity of Salina, Kansas, as provided by Resolution. Numbers 2689, 2692, 2693, and
rdinance Number 6728, all of which resolutions and ordinance are incorporated
erein by reference as fully as though set out here in full; and
HEREAS, the.total estimated cost of said improvements is $272,892.62; and
HEREAS, temporary notes numbered 1 to 7 inclusive in the amount of $230,400.88
ave been authorized, issued and registered; and
HEREAS, approved.estimate.number 3 is nowon file in the Office of the City Clerk
stablishing that Construction Industries Inc. has partially performed the construe ioi
f contract therefore, and is entitled to receive the'sum of $18,577.10 for such
artial performance; and
WHEREAS, pending the issuance and sale of bonds to pay the cost of said improvement
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 improvement, the Cit
of Salina shall issue its temporary notes, dated August 31, 1964 bearing interest
ualsa
the rate of 3k per cent per annum,'maturing on December 1, 1965, in the sum of
$18,577.10 being -a sum less than the aggregate amount of bonds to be and now unis
s supported and shown by the approved -estimate now on file and in denomination as
follows:
Number 8: $18,5,77.10
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 note shall be designatedpas Series PT -66 and each shall be in the
form and contain recitals substantially as follows, to -wit:
ed
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 no
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 hereby irrevocably pledged for the prompt payment of said prin
cipal 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 Citi
of Salina, Kansas, for the purpose of paying a part of the cost of construction of
certain curbing, guttering, paving and grading improvements in said City, and is
issued by authority of and in full compliance and conformity with the provisions,
restrictions and limitations of the resolutions and ordinances of said City and of
the Constitution and laws of the State of Kansas, and particularly Section 12-6a01
to 6x18 and Section 10-123 of the 1961 Supplement to the General Statutes of Kansa:
1949, 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 -ail acts, conditions and things re-
quired to be done and to exist precedent to and in the issuance of this note have
been properly done and performed and do exist in due 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 consti-
tutional 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
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Mayor
ATTEST:
City Clerk
STATE OF KANSAS )
COUNTY OF SALINE) SS
I, the undersigned City Clerk of the City of Salina, Kansas, hereby certify that
this temporary note Series has been registered in my office.
WITNESS my hand and official seal this
City Clerk
STATE OF KANSAS )
COUNTY OF SHAWNEE ) SS
I, the undersigned, State Auditor of Kansas, hereby certify that the within
note, Series of the City of Salina, Kansas, has been filed in my
and that this note was registered in my office according to law this
Tempor
offic
WITNESS my hand and official seal.
State Auditor of Kansas
By
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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 ekecuted and registered to deliver said notes to the purchaser
or purchasers thereof.
That this resolution be in full force and effect from and after its adoption.
Introduced: August 31, 1964
Passed: August 31,11964
Mayor
(SEAL) i
Attest:
City Clerk
I -hereby certify that the above and foregoing is a true and correct copy of
Resolution.2792 passed by the Board of Commissioners of the City of Salina, Kansas,
August 31, 1964.
RESOLUTION 2793
SEE PAGE,269 for RESOLUTION NUMBER 2793