2013 Issue Railroad Aid Bonds2bPGl
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ORDINANCE NO 2013 -
(Published in the Salina Daily Union, December 20th, 1916)
An ordinance - providing -for the "issuance of ' Ten Thousand Dollars,
($10,000.00) of the bonds -of ` the city -of Salina, - Kansas ,
to aid The Salina Northern Railroad Company in securirig and -
paying for land for right-of-way, depot grounds and terminal
facilities in the City of Salina, Kansas.
Be it ordained by the Mayor and Councilmen of the City of Salina:
Section 1. That Whereas, on the 7th day of December, A. D.
1914s the Mayor and Council of the City of Salina, Kansas, duly
passed, approved and caused to be published a certain Ordinance
of said City, numbered 1804, and entitled, "An ordinance calling a
Special Election in the city of Salina, for the purpose of submit-
ting to the qualified electors thereof, the question whether the
said City of Salina, Kansas, shall issue its bonds in the sum of
Twenty Thousand (20,000.00) Dollars to aid the Salina Northern
Railroad Company in securing and paying for land for right of way,
depot grounds and terminal facilities, in the City. of Salina, Kansas."
And,
WHERE, after the passage of said Ordinance, the said
Mayor and Council of said City caused notice to be given that said
election as provided for in said Ordinance, should be held in said
8ity of Salina, at the usual places for holding elections on the 4th
day of January, A. D. 1915, and that the polls should be opened
at eight o'clock A-' M. of said day, and closed at six O'clock P. M.
of said day, for the purpose of determining by the legal voters of
the said City of Salina, Kansas, the acceptance or rejection of
the proposal set forth in -said ordinance, And,
WHEREASs on the 4th day of January, 19150 said election was
duly held in said City pursuant to the said notice and proclamation
aforesaid, And,
WHEREAS, on the 8th day of January, 19152 the Mayor and
Council of the City of Salina, Kansas, met at the Council Chamber
in said City pursuant to the Statute in such case made and provided,
and duly canvassed the vote cast at said election; and as such
Board of Canvassers, found and determined that at the said elec-
tion so held as aforesaid, it was found and determined by the returns
of said election, that the proposition wasduly carried at said elec-
tion, by a majority of the legal voters of said City voting at said.
election, voting in favor thereof, and that at said special election,
there was cast for said proposition five hundred (550) votes, and
there were cast against said proposition one hundred fifty-five
(155) votes; and that said proposition duly and legally carried
by a majority of three hundred fifty -f ive (355) votes cast at
said election, And
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WHEREAS it was provided in the petition for said election
and the ordinance and proclamation passed, approved and given in
purasnace thereof , that there be submitted to the qualified voters
of said City the following proposition:
"Shall the City of Salina, Kansas, issue to the said The
Salina Northern Railroad. Company forty (40) of the bonds of said
City of the denomination of Five Hundred {500.00) Dollars, each,
said bonds to be payable to bearer at the office of the Treasurer of
the State of Kansas, in the City of Topeka, Kansas, thirty (30)
years, after the date thereof, bearing interest at the rate of
five per cent per annum, interest payable s em i -annually, for which
interest coupons shall be attach -ed, payable at the office of the
Treasurer of the State of Kansas, at the said City of Topeka, in
the State of Kansas."
Said bonds aforesaid, to be issued upon the following condi-
tions namely:
That when said Railroad shall have been built and constructed
and in operation by lease or otherwise, from a point at or near the
west and of Elm Street, in said City' of ' Salina, Kansas., to Lincoln
Center, Kansas, and adequate side tracks and switching facilities built
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and constructed in said City of Salina, Kansas, then the mayor and
Council of said City of Salina, Kansas, shall cause one half in
number and amount of such bonds, with coupons attached as aforesaid,
to be issued in the name ofsaid City of Salina, Kansas, and shall
deliver the same to said railroad Company provided that said railroad
shall have been built and completed and in operation by lease or
otherwise as aforesaid to Lincoln Center, Kansas, on or before the
31st day of December.. A. D • 1915, and when said railroad shall have
been built and constructed and in opeation by lease or otherwise
from the said City of Salina, Kansas, to the city of Osborne, Kansas,
then the mayor and council of said city. of Salina; Kansas, shall
cause the .other one half in number and amount of such bonds, with
coupons attached, as aforesaid to be issued in the name of said City
of Salina, Kansas, and shall deliver the same to said Railroad Com-
pany, provided, that said Railroad shall be built and completed and
in operztion by lease or otherwise to the said City of Osborne, Kan-
sas, on or before the 31st day of December, A. D. 1916, And,
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WHEREAS, it has been shown to said Mayor and Council, and
said Mayor and Council, do. hereby find, determine and deelare that
the said railroad of said Railroad Company, before the 31tt day of
December, 1916, was bauilt, constructed, completed and in operation
from a point at or near the west end of Elm Street, in said City of
Salina, Kansas, to Lincoln Center, Kansas, and -that adequate side
tracks and swtiching facilities have been built and constructed in
said City of Salina, Kansas, and that the railroad of said rail-
road Company has now been built, constructed and in operation from
the said City of Salina, Kansas, to the City of Osborne, Kansas,
and -that said Rialroad Company has now in all respects fully complied
with the conditions contained in said Ordinance, which was requisite
and necessary, as a condition precedent for it to comply with. before
the issuance of the Ten thousand (10,000.00) Dollars of bonds of the
said City hereinbefore set forth.
See. 2. That the Mayor and City Clerk of said City are
hereby ordered and directed to cause to be prepared, executed and de-liv-
ered to the said Railroad Company twenty (20) of the bonds of the said
City of Salina, Kansas, of the denomination of Five Hundred (500.00)
Dollars, each, with interest thereon at the rate of five per cent
per annum, and dated on the 15th day of December, A. D. 1916, which
bonds so to be made, executed and delivered as aforesaid, shall be of
the substantial form as follows:
UNITED STATES. OF AMERICA
STATE OF KANSAS, COUNTY OF SALINE
$500 No.
CITY OF SAL I N A
RAILROAD AID BOND;
KNOW ALL MEN BY THESE PRESENTS , ._ That' the City of Salina, in
the County of Saline and State of Kansas, for value received, hereby
promises and agrees . to pay to the beared at the office of the Trea's-
uerer of the State of Kansas, in the City of Topeka, Ptate of Kansas.
thirty (30) years after the date hereof, the sum of
FIVE HUNDRED DO1,! ARS ,
($500), with interest, thereon from the date hereof until maturity,
at the- rate of five per cent per annum, payable semi-annually on the
fifteenth day of June, and December of each year at the office of The
State Treasurer of the State of Kansas, in the City of Topeka, State
of Kansas, on'presentation of the proper coupons attached as they
severally become due.
-This bond is redeemable at the will of the City of Salina, Saline
County, Kansas; 'at' -any time after ten years from the date of its
issuance, and is --one -of a series of twenty (20) bonds numbered from
twenty one to forty" inclusive, 'and amounting in the aggregate to
Un thousand'Dollars, ($10,000-000) issued to The Salina Northern Rail-
road Company, a corporation, ortanized and exisiting and doing business
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under the laws of. the State of Kansas; pursuant to the provisions
contained in Paragraphs 7049, 7050, 7051, 7052, 7053, 7054 and 622 of
the General Statutes of the State of Kansas, for the year 1909.
The provisions and requirements of said Acts and the conditions
and requirements precednet necessary to the lawful issuance of this
bond, have been in all respects fully and completely complied with
and performed; -and the total indebtedness of said City, including this
series of bonds, does not exceed the Constitutional or Statutory
limitations.
"'And it is hereby cert if led and recited that a sufficient tax
to pay both interest and principal of this bond, at their respective
maturities, will be levied and collected and payment thereof applied
as provided by law.
IN TESTIMONY WHEREOF, the said City of Salina, in Saline
County, Kansas, has caused this bond to be dated as of the fifteenth
day of December, ' 1916, and signed by the Mayor of said City and
attested and registered by the City Clerk of said City, and duly
issued in all respects as required by law at Salina, in.Saline
County, Kansas.
Mayor of the City of Salina,
Kansas.
Attest:
City Clerk- of the City of
Salina, Kansas,
OFFICE OF AUDITOR OF THE STATE OF KANSAS
I, W. E•' Davis, Auditor of the State of Kansas, do hereby
certify that the within City Railroad Aid Bond has been regularly
and legally issued, and that the signatures thereto are genuine,
and that it was registered in my office according to law.
IN WITNESS WHEREOF, I, have hereunto set my hand and affixed my
official seal, at Topeka, Kansas.,
Auditor of.- the State of
Kansas.
TATE OF ' KANSAS, j
ss.
COUNTY OF SALINE
I, Chas. E. Banker, City Clerk of the said City of Salina,
Saline County, Kansas, do hereby certify that the within City Rail-
road Aid Bond No. has been regularly and legally issued,
and that the signatures thereto are genuine, and that the same has
been registered in my office according to law.
IN WITNESS WHEBEOF, I have hereunto set my hand and affixed
my official seal this day of , 1916..
City Clerk.
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that there shall be attached to said bond, coupons for the
semi-annual interest to accrue thereon in' the substantial form
following, to -wit:
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No . 19 $12.50
The City of Salina., Saline County,_ Kansas, will pay to
bearer ' at the office of the Treasurer of the State of Kansas, in
Topeka, Kansas, the sum of
TWELVE AND, 50-100 DOLIARS,
being six Imonths' interest on Railroad Aid Bond No.
Attest:
City Clerk.
Mayor.
Sec. 3. That this ordinance shall take effect and be in
force from and after its publication once in The Salina Daily
Union,.a newspaper regularly published in the City of Salina,
Kansas.,
Passed
and approved, December 20th, 1916.
_
J. E. nam,
(SEAT') Mayor.
Attest:.
_Chas . E._ Banker=
City Clerk.
STATE OF KANSAS )
COUNTY OF SALINE ) SS.
CITY.OF SALINA )
I, Chas. E. Banker, City,Clerk of the city of
Salina, Kansas, do hereby certify that the above and foregoing
is a true and -correct copy of an ordinance passed by the Council
and approved by the Mayor of the City of Salina, Kansas. December
20th, 1916; and a record of the vote on its final adoption is found
on Page 1�40_7J-ctbf Journal No. 8. Said _ordinance was published
in the'Salina Daily Union December 21st, 1916.
City Clerk.