2549 Issue Temporary Notes PT-55A RESOLUTION authorizing and providing for the issuance of Temporary Notes of the
City of Salina, Kan'sas,� in the. sum'of $408,480=:46: -to pay a' portibn-of .'the- cost-bf
improving certain streets in the City of Salina to be designated as Sereis'PT-55
pending the issuance. of bonds- to= pay: the cost !of said work -..-
WHEREAS, pursuant to proceedings duly had according to law, contracts have been
let and partially performed for the construction of certain street improvements
in the City of Salina, Kansas, as provided by Resolution Numbers 2479, 2484 and
2494 and Ordinance.Number 6532,:all of which.resolution and ordinances are
incorporated herein by references -as fully as though set out herein full; and
WHEREAS, the total estimated cost of said improvements is $463,468.00 and
WHEREAS, approved estimate number .l is now.ron file in the Office of the City.
Clerk establishing that the Michaelsen Construction Company has partially
performed the construction or contract thereof, and is entitled to receive the
sum of $408,480.46 for such partial performance; and
WHEREAS, pending the issuance and sale of bonds to pay the cost of said improvemen s
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' September 5-, `-1961 -bearing-,=_
interest at the rate of 32 per cent per annum, maturing not later than December
1, 1962 in the sum of $408,480.46 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 1: $33,480.46
Number 2: $25,000.00
Number 3: $25,000..00.
Number 4: $25,000.00
Number 5: $25,000.00
Number 6: $25,000.00
Number 7: $25,000.00
Number 8: $25,000.00
Number 13: $25,000.00
Number 14: $25,000.00
Number 15: $25,000.00
Number 16: $25,000.00
Number 9: $25,000.00
Number 10: $25,000.00
Number 11: $25,000.00
Number 12: $25,000.00
_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 Sieres PT -55 and each shall be in the
form and contain recitals substantially as follows to -wit:
1
1
1
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 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 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
Mayor
AUDITOR OF THE STATE OF KANSAS
I hereby certify that this temporary
note has been registered inmy office.
Date
Auditor of the State of Kansas
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
TEMPORARY NOTE
$ Sereis 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 hereby
irrevocably pledged for the prompt payment of said principal 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 a part of the
cost of construction of certain curbing, guttering, paving and grading
improvements in said city by the authority of and in full compliance -with the
provisions, restrictuions, and limitations of the constitution and laws of the
State of Kansas, including Sections, 10-101 to 10-115, 10-123, 12-601 to 12-608,
12-6a01 to 12-6al8, 13-1011, and 13-1011-A General Statutes of Kansas, 1949, and
such sections as amended, and allother 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 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 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
Mayor
AUDITOR OF THE STATE OF KANSAS
I hereby certify that this temporary
note has been registered inmy office.
Date
Auditor of the State of Kansas
That the Mayor and the City Clerk are hereby authorized to and directed to
repare and execute said notes and to sell- same -in' -the manner provided by law, and
when duly executed 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: September 5, 1961
Passed: September 5, 1961
.. - .. R. W. Bull • • -
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 2549 passed by the Board of Commissioners of Salina; Kansas
September 5, 1961.
City Clerk
I I