2041 Issue Improvement Bonds2UG H
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ORDINANCE NO. 2.041 _
(Published in the Salina Daily Union June
An ordinance providing for t je issuing of Improvement Bonds in
the City of Salina, Kansas, in the sum of $41,500.00 to pay
the costs if improving certain streets in said City.
WHEREAS, in pursuance of proceedings duly had according to
law, contracts have been let and performed_ for the paving, exca-
vating, curbing and guttering of Phillips Street from the north
1 ine of Walnut Street to the south line of Ash Street; and of
Twelfth Street from the south line of Walnut Street to the north
line of South Street; and of Tenth Street from th north line of
Park Street to the south line. of Ash Street; and Tenth Street from
the south line of Morrison Avenue. to the north line of Prescott
Avenue; and Walnut :street from the west line of College avenue
to the east line of the right of way of the Missouri Pacific Rail-
way Company; and of Bishop Street from the west line of Ninth
Street to the east line of Thirteenth Street, all in the city of
Salina, Kansas; and
WhEREAS, the total cost of said improvements has been as-
certained and the portion thereof to be paid by a general tax to
be levied upon all of the taxable property within said City for
the improvement of squares and areas formed by the crossing of
streets and alleys, and for City Property, and for which bonds
are to be issued as hereinafter provided, has been ascertained
and is hereby determined to be the sum of 8,937.51; and
WHEREAS, the portion thereof to be paid by special assess-
ments levied. upon the lots and pieces of ground liable therefor,
has been ascertained and is hereby determined to be the sum of
$47,833.51 which said last amount has been heretofore duly assessed
and apportioned to said several lots and pieces of ground on such
streets liable therefor, payable in ten equal annual installments
according to law, and as provided for in Ordinance Number 2031 of
the City of Salina, Kansas; and
WHLREAS., `the amount of said special assessments for which
bonds are -to -be issued as herein provided in anticipation of said
special assessments which remain unpaid has been ascertained and
is hereby determined to be the sum of $32,562.49, the difference
between said last .two named amounts having been paid by the
property owners on said above named streets whose property has
been thereby discharged from any further assessments for costs
of said improvements in the amounts so paid. Now therefore,
Be it ordained by the Mayor and Councilmen of the City of Salina:
Section 1. That the cost of said street improvements after
deducting therefrom the assessments heretofore thereon paid as
aforesaid including the costs of improvements of squares and areas
formed by the crossings of streets and alleys, and of City property
shall be paid in ten equal annual installments instead of levying
the entire cost at one time; the first installments of which is
to be paid with the taxes of the year 1917 and one installment with
the taxes for each succeeding year thereafter until the whole
amount thereof shall have been paid; and that for such installments
there shall be and are hereby issued improvement bonds of the City
of Salina, Kansas, in the aggregate sum of $41,500.00 as hereinafter
provided.
Sec. 2. Said issue of bonds shall consist of eighty (80)
bonds of the denomination of $500.00 each and ten (10) bonds of
.'the denomination of $150.00 each, numbered from one (1) to ninety
(90)
inclusive, all
bearing interest at
the rate of four and
one-
half
per cent (4G o)
per annum, interest
payable seMi-annually
upon
300
ed
the first day of December
and June of each
year after the date of
said bonds, which shall be
dated June 1st,
1917, with interest
coupons thereto attached,
and which said bonds
shall become due
and payable as follows, to
-wit: $4,150.00
on the Ist day of June
1918 and $4,150.00 on the
lst day of June
in each succeeding year
thereafter for a period of
nine years.
See. 3. Said bonds
shall be signed
by the Mayor and attest-
ttest-
ed by the Clerk of the City of Salina, Kansas, and shall have the
corporate seal of the said City thereto attached; and interest cou-
pons to said bonds shall be signed by said Clerk and both bonds
and coupons shall be paid at the fiscal agency of the State of
Kansas in the city of Topeka, Kansas.
Sec. 4. Said bonds shall be executed in the form and shall
contain recitals. substantially as follows:
UNITED STATES OF A.M RICA
STATE OF KANSAS
CITY OF SALINA.
_.
No.
a KNOW ALL MEN BY THESE PRESENTS, That the City of Salina,
in the County of Saline and State of Kansas, for value received,
hereby acknowledges itself to be indebted, and promises to pay to
the bearer the sum of in lawful money of the United States
of America, on the 1st day of June, x• v• 19 , with interest
thereon at the rate of four and one-half per cent per annum, paya-
ble semi-annually on the 1st day of December and June of each
year after the date thereof until the principal sum shall have been
paid, upon the presentation and surrender of the proper interest
coupon hereto attached, bearing the signature of the Clerk -of the
said City, as they severally become due and payable. Both prin-
cipal and interest are payable at the fiscal agency of the State
of Kansas in the City of Topeka, Kansas; and the City of Salina,
Kansas is held and firmly bound and its faith and credit and all
real and personal property in said City are hereby pledged for
the prompt payment of the principal and interest of this bond upon
their ma.tlirit y .
This bond is one of a series of bonds of like date and tenor
issued by said City of Salina, Kansas, to pay for street improve-
ments in and for said City under and by the authority of and in
compliance with the provisions of the laws of the State of Kansas
governing cities of the second class, and in compliance with an
ordinance duly and legally passed by the Mayor and Council of said
City on the 4th day of June, A. D. 1917.
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 bond, have been properly done and
performed and do exist in regular and due form as required by the
constitution and laws of the State of Kansas, and that , the total
indebtedness of said City, including this series of bonds, does
not exceed any constitutional or statutory limit.
IN WITNESS WHEREOF , said City of Salina, by its Mayor and
Council, has caused this bond to be signed' by' its Mayor and attest-
ed by its Clerk and its corporate seal is hereto attached.
Dated this day of A A. D. 1917.
Attest:
Mayor.
City Clerk..
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Sec. 5. The interest coupons to be attached to said bonds
shall be substantially as follows:
No.
On the first day of 19 , the City of
Salina, Kansas, will pay to the bearer Dollars at
the fiscal agency of the State of Kansas, in the City of Topeka,
Kansas, the same being six months interest on its Improvement
Bond dated June lst, 1917.
No.
City Clerk.
Sec. 6. The Mayor and Clerk are hereby authorized, directed
and empowered without unnecessary delay, to prepare and execute
said bonds and coupons as .in this ordinance provided and when
executed said bonds shall be registered with the Clerk of the
City of Salina, Kansas, and with the Auditor of the State of
Kansas, as required by law, and shall be by the Mayor of said
City delivered to the contractor or contractors constructing
such improvements in proportion to the amounts due such' contractor
or contractors in payment of the amount due them for such work
or improvement; Provided, However, that such bonds shall not be
sold or delivered to such contractor or contractors at less than
the par value thereof nor in a greater sum or amount than the
whole amount due to said contractor or contractors under their
respective contracts with said 1.'ity. Or, the Mayor and Council
may sell said bonds at not less than their par value and out of
the proceeds thereof pay said contractor or contractors for
said work and improvements.
Sec. 7. Said Mayor and Councilmen shall make provision
for the payment of the principal and interest on said bonds as
the same become due and payable by levying a tax on the property
liable therefor.
Sec. S. This ordinance shall take effect and be in force
from and after its publication once in the Salina Daily union.
Attest:
Passed and approved, June 4th, 1917.
Chas, E. Banker,
City Clerk.
Edd Mathews,
Mayor.
301
STATE OF KANSAS
SS.
COUNTY OF aAL hN E
I. Chas. E. Banker, City Clerk of the city of
Aalina, 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, June 4th,
1917; and a record of the vote on its final adoption is found on
Page '7/-,.5-/c of Journal No. 8. Said ordinance was published in
the Salina Daily Union June 1917.
City Clerk.
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