2303 Issue Temporary Notes PT-42RESOLUTION
2303
A RESOLUTION authorizing and providing for the issuance of Temporary Notes of
the City of Salina, Kansas, in the sum of $106,177.40 to pay a portion of the
cost of improving certain streets in'the City of Salina to be designated as
Series PT -42 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 2190, 2191,
2198, 2159, 2153, 2146, 2187, 2200, 2199, 2169, 2152, 2145, 2188, 2192, 2189,
2203, 2168, 2202, 2201 and Ordinance Numbers 6378 and 6382, all of which
resolutions and ordinances are incorporated herein by references as fully as
though set out here in full; and
WHEREAS, the total estimated cost of said improvements is $167,156.00; and
WHEREAS, approved estimate number 1 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 thereof, and is entitled to receive the
sum of $106,177.40.for. such partial performance; and
WHEREAS, pending the issuance and sale of bonds to pay the cost of said
improvements it is necessary for said city to issue its temporary note 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 January 26, 1960 bearing
interest at a rate of four per cent per annum, maturing on December 1, 1960 in
the sum of $106,177:40 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: $31,177.40 Number 3:,
$25 000.00
Number 2: $25,000.00 Number 4: $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 ih,"I.the Office of the State Auditor, as required by law.
That said notes shall be designated as Series PT -42 and each shall be in
the form and contain recitals substantially as follows, to -wit:
1
11
1
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
TEMPORARY NOTE
$ Series No.
KNOWN ALL MEN BY THESE PRESENTS, that the City of Salina in the County of
Saline, State of Kansas, acknolwedges itself to be indebted and for value
received promises to pay the bearer the sum of
dollard 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 dent 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, Kanaas 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 news-
paper 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 denominatinn 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, 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 Generil 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 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
Mayor
1 11 Attest: AUDITOR OF THE STATE OF KANSAS
City Clerk
I hereby certify that this temporary
note has been registered in my office.
State of Kansas, County of Saline SS Date
I hereby certify that this temporary ._.Ji, ._:
note has been registered in my office.
Date
City Clerk
Auditor of the State of Kansas
That the Mayor and the City Clerk are hereby authorized to and directed to
prepare and execute said note -and to sell the same in the manner provided by
law, and when duly executed and registered to deliver said note to the
purchaser or purchasers thereof.
That this resolution be in full force and effect from and after its
adoption.
Introduced: January 26, 1960
Passed: January 26, 1960
Don C. McCune
Mayor
(SEAL)
Attests
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 2303 passed by the Board of Commissioners of Salina, Kansas ,
January 26, 1960
City Clerk
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