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2141 Issue Improvement Bonds1 1 1 1 ORDINANUE NO. 2141 (Published in the Salina Daily Union January 1918) An ordinance providing for the issuance of Improvement Bonds of the City of Salina, Kansas, in the sum of $29,128.83,.to pay the costs of 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, excavat- ing, curbing and guttering of Bond Street, from the west line of Santa Fe Avenue to the east line of Highland Avenue; and of college Avenue, from the north line of Park Street to the south line of Bish- op Street; of Twelfth Street, from the north line of Ash Street to the south line of Bishop Street; on Prescott Avenue from the west line of Ninth Street to the west line of Eleventh Street and of Bishop Street; from the west line of Thirteenth Street to the east line of College Avenue, and - WHEREAS, the total cost of said improvements has been ascer- tained and the portion thereof to be paid by a general tax to be lev- ied upon all of the taxable property within said City for the improve- ment of squares and areas formed by the crossing of streets and alleys and for city property and for for which bonds are to be issued as hereinafter provided, has been ascertained and is hereby determined and found to be the sum of 6,154.38, and WHEREAS, the portion thereof to be paid by special assessments hevied upon the lots and pieeces of ground liable therefor has been ascertained and is hereby determined and found to be the sum of $31,490.65, which said last amount has been heretofore duly assessed and apportioned to the severaly lots and pieces of ground on such streets liable therefor, payable in ten equal annual installments according to law and as provided in ordinances of the City of Salina, Kansas, duly passed and approved, and WHEREAS, the amount of said special assessments for which bonds are to be issued has herein provided in anticipation of said special assessments which remain unpaid has been ascertained and is hereby determined and found to be the sum of $222974.45, 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 the cost of such improve- ments in the amount so paid, Now, Therefore, Be'it ordained by the Mayor and Councilmen of the City of Salina: Section 1. That the cost of such said improvements, after deducting therefrom the assessments heretofore thereon paid as afore- said, including the cost of improvements of the squares and meas 33 34 e0 w cr formed by the crossings of streets and alleys and of said proper- ty, shall be paid in ten equal annual installments instead of levying the entire cost at one time; the first installment of which is to be paid with the taxes of the year 1918 and one install- ment with the taxes for each succeeding year thereafter until the whoele 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 approximate sum of $29,128.83 as hereinafter provided. Sec. 2. Said issue of bonds shall consist of fifty-eight (58) bonds of the denomination of $500.00 each and one bond of the denomination of $128.83, numbered from one to fifty-nine inclusive, all bearing interest at the rate of four and one-half (4-;1E) per cent per annum, interest payable semi-annually upon the first day of July and January, of each year after the date of said bonds, which shall bd dated January 1st, 1918, with interest coupons thereto attahced and which said bonds shall be- come due and payable as follows, to -wit: ;2,128.83 on the first day of January 1919, and $3.,000.00 on the first day of January in each succeeding year thereafter for a period of nine (9) years. Sec. 3. Said bonds shall be signed by the Mayor and attest- ed by the Clerk of the City of Salina, Kansas, and shall have the corporate seal of the said City thereto attached; and interest coupons 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 AMERICA. STATE OF KANSAS. $ C iTYOF SALINA . 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 $ in lawful money of the Unites States of America, on the.first day of January, A. D. 19_, with interest thereon at the rate of four and one-half per cent per annum, payable semi-annually, on the 1st day of July and Janaary 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 attached, bearing the signature of the Clerk of- the fthe 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; 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 maturity. 1 i 1 1 n 1 1 1 1 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 com- pliance with the provisions of the laws of the State of Kansas gov- erning cities of the second class, and in compliance with an ordin- ance duly and legally passed by the Mayor and Council of said City on the 14th day of January, A. D. 1918. 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 per- formed and do exist in regular and due form as required by the con- stitutions 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. IY WITNESS WH."REOY, said City of Salina, by its Mayor and Council, has caused this bond to be siga.ed by its Mayor and attest- ed by its clerk and its corporate seal is hereto attached. Attest: Dated this day of A. D. 1918. City Clerk. Mayor. See. 5. The interest coupons to be attached to said bonds shall be substantially as follows: No. _ 0 Ori 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 January 1st, 1918. RE City Clerk. Sec. 6. The Mayor and Clerk are hereby authorized, directed 35 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 contreo t- or 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 whoele amount due to said contractor or contractors under their respective contracts with said City. 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. 0 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 there -for. Sec. 8. This ordinance shall take effect and be in force from and after its publication once in the Salina daily Union. 'Passed and approved, January 14th, 1918. (SF,L ) Attest: Chas. E. Banker, City Clerk. STATE UY KANSAS ) ) SS. COUNTY Ori SALINE ) Edd Mathews, Mayor. 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 Ordinance No. 2141 passed and approved January 14th, 1918; and a record of the vote on its final adoption is found on Page 7,� of Journal No. 9. Said ordinance was published in the Salina Daily Union January, 1918. City Clerk. 1 1 1 1 1 (Published In the.Salina Daily Union, January Ordinance No. J� / I/ /. An ordinance prociding for the issuance of improvements bonds of the gity of Salina, Kansas in the sum of 029,128.83 to pay the costs of improving certain streets in said City. WHEREAS, in pursuance of proceedings duly had ac- cording to law, contracts have been let and performed.for the paving, excavating, curbing and guttering of Bond Street, from the west line of Sante Fe Avenue to the east line of Highland Avenue; and of College- Avenue, ollegeAvenue, from the north line of Bare Street to the south line of Bish- op's Street; of Twelfth Street, from the north line of Ash Street to the south line of Bishop Street; on Prescott Avenue from the west line of Ninth Street to the west line of Eleventh Street and of Bishop Street, from the west .line of Thirteenth Street to the east line of College Avenue, and WHEREAS, the total cost of said improvements has .been ascertained 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 im- provement 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 and found to be the sum of $6,154.38, and �i'VHEREAS, the portion there -of to be paid by special assessments levied upon the lots and pieces of -ground liable therefor has been ascertained and is hereby determined and found to be the sum of $31,490.65, which -said last amount has been heretofore duly assess- ed and apportioned to the several lots and pieces of ground on such streets liable therefor, payable in ten equal annual installments ac- cording to law and as provided in ordinances of the City of Salina, Kansas, duly passed and approved, and 101TEREAS, 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 �.. �' \, and is hereby determined and found to be.the sum of $22,974,45, 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 the cost of such improvements in the amount so paid, NOW THEREFORE, Be it ordained by the Mayor and Councilmen of .the City of Salina: Section 1. That the cost of such s6id improvements, after deducting therefrom the assessments heretofore thereon paid as aforesaid, including the cost of imNrovements of the squares and areas formed by the crossings of streets and alleys and of property, shall be paid in ten equal annual installments instead of levying the entire cost at one time; the first installment of which is to be paid with the taxes of the year 1918 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 t2:9,128.83 as herein after provided. Section 2. Said issue of bonds shall p onsist of fifty- eight (58) bonds of the denomination of $500.00 each and one bond of the denomination of $128.83, numbered from 1 to 59 inclusive, all bear- ing interest at the rate 'of four and -one-half (42) per cent per annum interest payable semi annually upon the first day of July amA :aeL ua`ryr of each year after the date of said bonds, which shall be dated January 1, 1918, with interest coupons thereto attached and which said bonds shal,j become due and payable as follows,. to -wit: on the first day of January, 1919, and, on the first day of January in each succeeding year thereafter for a period of nine (9) years. Section 3. Said bonds shall be signed by the �"jZiyor and attested by the Clerk of the City of Salina, Kansas, and shall have the corporate seel of the said City thereto attached; and interest cou- pons to said bonds shall be signed by said Clerk and both bonds and 0 coupons shall be paid at the fiscal agency of the State of Kansas in the City of Topeka, ILansas. Section 4. Said bonds shall be executed in the form and shall contain recitals substantially as follows: UNITED STATES OF AMERICA STATE OF KANSAS CITY OF SAMNA Not KNOW AI,Z MEN BY THESE PRESENTS, That the City of Salina, in -the County of Salina and Otate 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 first day of January,* A. D. 19 , with interest thereon at the rate of four and one-half per sent per annum, payable semi-annually, on the 1st day of Zula anl:Z ua;rgr of each year after the date hereof un- til the principal sum shall have been paid,Xupon 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 principal 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 upontheir maturity. 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 com- pliance with the provisions of the laws of the S ate of Kansas govern- ing 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 1st4 day of January, A. D. 1918. 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 bon d, have been properly done and perform- ed 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 eonsitational or statutory limit. IN 71ITNESS 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. Attest: Dated this day of A. D. 1918. City Clerk.. Mayor. Section 5. The interest coupons to be attached to , said bonds shall be substantially as follows; No. J . On the first day of19 , 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, Kan- sas, the same beim; six months interest on its Improvement Bond dated January 1st. 1918. City Clerk. No. Section 6. The Idayor and Clerk are hereby authorized, directed and empowered without unecessary delay, to prepare and execute said bonds and coupons as in this ordinance provided and when executed said bonds shall be registered with the Cleric 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 iRjhole amount due to said contractor or contractors under their respective contracts with said City. Or, the Iviayor and Council mai; sell said bonds at not less than their par value and out oi° the proceeds thereof pay said con- tractor or contractors for said work and improvements., Section 7. Said Mayor and Councilmen shall make pro- vision vision for the payment of the principal and.interest on said'bonds as the same becomes due and payable by levying a tax on the property liable therefor. Section 8. This ordinance shall take effect and be in force from and after its publication once in the Salina Daily Union. Passed and approved, .January 14th., 1918. Mayor. Attest: City Clerk.