1363 Issue Temporary Notes ST-10M
RESOLUTION NUMBER 1363
A RESOLUTION authorizing and providing for the issuance of Temporary Note, of
the City of Salina, Kansas, in the sum of $36,086.55 to pay a portion of the
cost of certain sewer improvements in the City of Salina to be designated
as ST -10 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 sewer improv
ments in the City of Salina, Kansas, as provided for in Ordinances Numbered
5675 and 5685, which ordinances are incorporated herein by reference as fully
as though set out herein in full; and
WHEREAS, the total estimated cost of said improvement is $190,982.99; and
WHEREAS, Temporary Notes Number 1 and 2 have heretofore been authorized,
registered and issued in the sum total of $113,281.92; and
WHEREAS, approved estimate No. 4 is now on file in the office of the City
Clerk establishing that C. N. McCollum, d/b/a McCollum Construction Company,
contractors has partially performed the contract or construction thereof and
is entitled to receive the sum of $36,086.55 for such partial performance;
and
WHEREAS, pending the issuance and sale of bonds to pay.the cost of said im-
provements it is necessary for sa d 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 improve-
ments the City of Salina shall issue its temporary note,dated December 1,.
1952s bearing interest at.a rate not exceeding six per cent per annum,
maturing not later than December 1, 1953, in the sum of $36,o86.55, 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 in denomination as
follows:
Number 3 $36,o86.55
That'said temporary note 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 regis
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 ST -10 and each shall be
in the form and contain certain recitals substantially as follows, to -wit:
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UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
Series
No.
KNOW ALL MEN BY THESE PRESENTS, That the City of Salina in the County of S
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 State Treasurer of the State
of Kansas, in the City of Topeka, and the full faith, credit and resources of
said City are hereby irrevocably pledged for the payment.of said principal
and interest at maturity.
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 con-
structing certain sewer improvements in said city by the authority of and in
full compliance with the provisions, restrictions and limi.tations.of the
constitution and laws of the State of Kansas, including Sections 10-101 to
10-126, 12-617 to 12-620 and 13-1013 to 13-1018, General Statutes of Kansas,
1949, and such sections as'amended and all other provisions`of the laves of
said state applicable thereto, all pending the issuance of bonds of said City
to pay the cost of said workm and this note aiA interest thereon to be paid
by the City of Salina, Kansas.
And it is hereby declared and certified that all cts, 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 of the State of Kansas, and
by the laws of said States 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
to on. , 19 --
Mayor
Attest:
City erk
STATE OF .KANSAS )SS
'COUNTY OF' SALINE )
I hereby certify that this temporary
note has been registered in my office.
Date:
City Clerk
AUDITOR OF THE STATE OF KANSAS:
I hereby certify that this temporary
note has'been registered in my
office.
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That the Mayor and the City Clerk are.hereby authorized and directed
to prepare and execute said #ote and to s ell the same in the manner
provided by law, and when duly executed and registered to deliver said
note to the purchaser of purchasers thereof.
,That this resolution be in full force from and after its adoption.
Introduced and passed: December 1, 1952•
(SEAL)
Attest:
Chas. E. Banker
pity Clerk
STATE OF KANSAS )
Ward E. Barcafer
or
) SS
COUNTY OF SALINE )
I hereby certify that the above and foregoing is a true and cor-
rect copy of Resolution Number 1363 passed by the Board of Commissioners
December 11 1952•
City Clerk
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