2383 Issue Temporary Notes PT-471
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RESOLUTION NUMBER 2383
A RESOLUTION authorizing and providing for the issuance of Temporary Notes
of the City of Salina, Kansas, in the sum of $99,323.20 to pay a portion of
the cost of improving certain streets in the City of Salina to be designated
as Series Pt -47 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 2312, 2322, 2213, 2260, 2252, 2249, 2250, 2251, 2269, 2247, 2281,
2267, 2230, 2268, 2253, 2280, 2258, 2231, 2259, 2283, 2282, 2229, 2248, 2261,
2329 and Ordinance Numbers 6436 and 6442 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 $151,824.20; and
WHEREAS, approved Estimate Number 1 is now on file in the Office of the City
Clerk establishing that the Brown and Brown Construction Company has
partially performed the construction of contract there6f, and is entitled
to receive the sum of $99,323.20 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 6f 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 June
28, 1960 bearing interest at a rate of four per cent per annum, maturing
on December 1, 1961, in the sum of $99,323.20 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: $24,323.20 Number 3:v $25,000.00
Number 2: $25,000.00 Number 4: $25,060.00.
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 note shall be designated as Series PT -47 and each shall be
in the form and contain recitals substantially as follows, to -wit:
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
TEMPORARY NOTE
$ Series No.
KNOW ALL MEN BY THESE PRESBNrS, 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 pa"bityathereof, 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 irrevocable 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 improvement
in said city by the authority of and in full compliance with the provision$,
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 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
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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 in my office.
Date
Auditor of the State of Kansas
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11
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That the Mayor and the City Clerk are herebyauthorized 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 thereof.
That this resolution be in full force and effect from and after its
adoption.
Introduced: June 28, 1960
Passed: June 28, 1960
Carl Ramsey
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 2383 passed by the Board of Commissioners of Salina,
Kansas June 28, 1960.
City Clerk