Loading...
2792 Issue Temporary Notes PT-661 1 21& 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 19 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 1 fl 1 1 1 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