2097 Issue Bonds - Fire Station02nPrII 413
- -- ------ - -- - - - — — — - ---- — ----- -- ORDINANCE NO,—
(Published in the Salina Daily Union October b 1917)
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An ordinance providing for the issuance of bonds of the city of
Salina, Kansas, in the sum of $209000.00 for the purpose
of paying for the erection, construction and completion of
a, Fire Station Building.
WHEREAS, at an election duly called and held in the City
of Salina, Kansas, upon the 3rd day of Aprils 1917s there was sub -
witted to the qualified electors of said City, the propsotion of
whether or not the Mayor and Councilmen of the City of Salina,
Kansas, should be authorized to issue bonds of said City in the
sum of $20,000.00 for the purpose of erecting, constructing and
completing.a new Fire Station Building, And Whereas,
At such election so called and held, a majority of the votes
cast thereat upon such proposition were cast in favor of author-
izing the Mayor and Councilmen of said City to issue bonds in said
sum of such purpose; Now, Therefore,
Be it ordained by the Mayor and Councilmen of the City of Salina:
Section 1. That for the purpose of raising the money with
which to erect, complete and construct a new Fire Station Building
in and for the city of Salina, Kansas, there shall be and are here-
by issued, the bonds of the city of,Salina, Kansas, in the sum of
Twenty Thousand ($20,000.00) Dollars, as hereinafter provided.
Sec. 2. Said issue of bonds shall consist of Forty (40)
bonds of the denomination of Five Hundred ($500.00) Dollars each,
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numbered from One (1) to Forty (40) inclusive, and shall bear date
of October lst, 1917, and shall be due and payable twenty (20).
years after their date. Such bonds shall draw interest at the
rate of four and one-half (4-2:k%) per cent per annum, payable semi-
annually, upon.the lst day of October and April of each year after
the date of said bonds.
Sec. 3. Such bonds shall be signed by the Mayor and attested
by the Clerk of said City of Salina, Kansas, and shall have the
corporate seal of the city attached thereto. The interest coupons
attached to said bonds shall be signed by the Clerk of said City,
and both principal and interest of said bonds shall be payable
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:
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U N I T E D S T A T E S O F A M E R I C A.
STATE OF KANSAS.
City of. Salina.
$.500.00 No •
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 five Hundred ($500900) Dollars, in
lawful money of the United States of America on the let day
of October, A. D. 19`, with interest thereon at the rate_ of
four and one-half per cent per. annum, payable semi-annually,
on the lst day of October and April of each year after the date
hereof, until the principal sum shall have been paid, upon the
presentation and surrender of the proper interest coupon here-
to attached, bearing the signature of the Clerk of said City
as they severally become due and payable. Both principal.and
interest are payable at the fiscal agency of the State of
Kansas in the City of Topeka, Kansas. 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 its maturity.
This bond is one of a. series. of bonds of like date and
tenor issued by the said City of Salina, Kansas, to pay for
public buildings in and for said City under and by 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 lot day of October A. D.
1917.
It is hereby declared and certified that all acts, con-
ditions and things required to -be -done and to exist precedent
to and in the issuance of said bonds, have been properly done
and performed and do exist in.regular and due form as required
by the Constitution and laws of the Stjxte of Kansas, and -that
the total indebtedness of said City, including this series of
boftds, does not exceed -any constitutional or statutory limit.
IN WITNESS WHEREOF, said -City of Salina, Kansas, by its
Mayor and Council has caused this bond to be signed by its
Mayor and attested by -its Clerk-and•its corporate seal is
hereto attached.
Attest:
Dated this lst day of October, A. D. 1917.-
Attest:
917.
City Clerk.
Mayor
Sec. 5. The interest.coupons, to be attached to said bonds
shall be substantially as follows: -
No e
ollows:
No.
On the __ _ day of , 19_,,, ,_ p the City
of Salina, Kansas, will pay to the bearer $ at the Fiscal
Agency of�the State of Kansas, in the City.of Topeka, Kansas,
the same being six months interest on its General Improvement
Bond dated , 1917.
Na. City, .Clerk. -
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Sec. 6. The Mayor of said City is hereby directed, author-
ised and empowered without unnecessary delay to prepare and.exe-
cute said bonds and coupons as in thjs ordinance provided, and`,
that when executed said bonds shall be registered with the 61erk
of the City of Salina,, and with the Auditor of the State of Kan-
sas as required by law, And when said bonds are so executed they
shall be.by the Mayor and Council sold, and out of the proceeds
thereof the said Mayor and Council shall, at such time or times
and in such sum or sums as the said,Mayor and Council shall deter-
mine, pay the costs and expense of erecting, constructing and
completing.said.building as aforesaid.* Provided, However, that
said bonds shall not be sold for less than their par value, and
the money.derived.therefrom shall not be used for any other par -
pose except as in this ordinance provided.
Sec. 7. The Mayor and Council shall levy annually upon
all taxable property in said City in addition to the levies
authorized for other purposes, a sum sufficient to pay the inter-
est on said bonds under the provisions of this ordinance, and
shall also in the manner provided by law levy taxes upon all taxa-
ble property in said City to provide a sinking fund for the re-
demption of said bonds at their maturity.
Sec. 8. This ordinance shall take effect and be in full
force from and after its publication once ,in the official City
paper. -
Passed and approved, October lots .1917.
Edd Mathews.
(SEAL) Mayor.
Attest:
�Qhas, E. Banker,
City Clerk...
STATE OF KANSAS
SS.
COUNTY OF SALINE
I, Chas. E. Bsnker, City Clerk of the city of
Salina, Kansas, do hereby certify that the above and foregoing
is a true and correct copy of Ordinance,No. 2097, passed by the
Council and approved by the Mayor of the city of Salina, Kansas,
October lot, 1917; and a record of the'vote on its final adoption
is found .on Page If of Journal No. 9. Said ordinance was pub-
lished in the Salina Daily Union October 1917.
City Clerk.