2150 Issue Improvement Bonds56Inc
_
ORDINANCE NO. 2150
(P blished in the Salina Daily Union February 1918)
An ordinance providing for the issuance of Improvement Bonds of
the City of Salina, Kansas, in the sum of $118p8O8.86, 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 peroformed for the paving, exca-
vating, curbing and guttering of Santa Fe Avenue, from the north
line of the Union Pacific Railroad Right of Way to the South line
of Otis Avenue; of Ninth Street, from the south line of the Union
Pacific Railroad Right of Way to the south line of Otis Avenue;
of Otis Avenue, from the west' line of- Ninth Street to the east line
of Santa Fe Avenue; of Tenth Street, from the south line of Pres-
cott Avenue to the north line of Crawford Avenue; and of Milson
Street from the west line of Santa Fe Avenue to the east line of
Highland 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
levied upon all of the taxable property within said City for the
improvements of squares and areas formed by the crossing of streets
and alleys and for City property for which bonds are to be issued
As hereinafter provided, has been ascertained and is hereby deter-
mined and found to be the sum of $33,753.74, 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 found and determined to be the sum
of $93,586.33, which said last amount has been heretofore duly
assessed and apportioned to the several lots and pieces of ground
on such streets liable therefor, payable in ten equal annual install-
ments according to law, and as provided in ordinances of the City
of Salina, Kansas, duly passed and approved, and
WHEREAS, the total amount of said special assessements-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 and found to be the sum of $85,055.12, 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 and further assessments for the cost
of said improvements in the amount so paid, Now, Therefore,
Be it ordained by the Mayor and Councilmen of the City of Salina:
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Section 1. That the cost of such said improvements, after
deducting `therefrom the assessments heretofore paid thereon as
aforesaid, including the cost of the improvement of the 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 installment of
which is to be paid with the taxes of the year 1918 and on install-
ment with the taxes for each succeeding year thereafter until the
whole amount thereof shall have been paid,and that for such install-
ments there shall be and a re hereby issued Improvement Bonds of the
City of Salina, Kansas, in the aggregate sum of 118,808.86, as here-
inafter provided.
Sec. 2. Said issue of bonds shall consist of 237 bonds of
the denomination of $500.00 each and one bond of the denomination
of $308.86, numbered from 1 to 238 inclusive, all bearing interest
at the rate of four and three-quarters (4-3/4) per cent per annum,
interest payable semi-annually upon the first day of September and
March of each year after the date of said bonds, which shall be
dated September 1st, 1917; except that the first interest payment on
said bonds shall be due and payable on the first day of September,
L918, and on the first days of March and September of each year there-
after during the life of said Bonds. Said bonds shall hav e"interest
coupons thereto attached and said bonds shall become due and payable
as follows, to -wit:
10,808.86 on the first day of September, 1918; and
$12,000.00'on the frist day of September 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 City Clerk of the City if Salina, Kansas, and shall have
the corporate seal of said City attached thereof. 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 Stat a '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..
im•
UNITED STATES OF AMERICA
STATE OF KANSAS:
CITY OF SAL INA . N o .
1. KNOW AIL"MEN" BY THESE PRESENTS, That' the City of Salina,
in the County of-Sallne'and State of Kansas, for value received,
hereby acknowledges itself to be indebted and promises to pay the
sum of in lawful money of 'the United States of America
on the 1st day of -September, A. D'. 19 , with interest ' thereon
at the rate of four and three-quarters per cent per annum, the
first installment of which shall be payable September 1, 1918,
and interest payable semi-annually thereafter on the first day
of March and September 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 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 fisdal agency of the State of Kansas in the City of Tope-
ka, Kansas; and the city of Salina, Kansas, is held and firmly
bound and its faith and credit and all real and personal proper-
ty in said City are hereby pledged for the prompt payment of the
principal and interest at this upon their 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
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 11th day of February A. D. 1918.
And 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 i ss Sande of this bond, have been properly done - and- per-
formed 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 -ser es*of bonds; does
not exceed any constitutional oristatutory limit.
-IN NITNESS WHEREOF, said City of Salina, by its Mayor and
Council, has caused this bond to be signed by its Mayor and at.-
tested
t-tested by its Clerk and its corporate seal is hereto attached.
Attest:
Dated this day of A. D. 1418.
City Clerk.
Mayor.
Sec. 5. The first interest coupon to be attached to said
bonds shall be substantially as follows:
No.
On the first day of September, 1918, 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 beim
one years interest on its improvement bond dated September lst,
1917.
City Clerk.
The remaining 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 Tope-
ka, Kansas, the same being six months interest on its Improvement
Bond dated September 1st, 1917.
No.
City Clerk.
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Section 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 tihe Mayor of said City deliver-
ed 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 owrk or improvement; Pro-
vided, however, that such bonds shall not,be sold or delivered to
such contractor or contractors at less than the pat value thereof
nor in a greater sum or amount than the whole amount due to said
contractor or contractors under their respective contractors 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
contractors or contractor 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
becomes due and payable by levying a tax on the property liable
therefor.
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, February 11th, 1918.
(SEAL) _ Edd Mathews,
Mayor.
Attest:
Chas. E. Banker,
City Clerk.
STATE OF KANSAS )
) SS.
COUNTY OF SALINE
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. 21502 passed by the Council and approv-
ed by the Mayor of the city of Salina, Kansas, February 11th, 1918;
and a record of the vote on its final adoption is found on Page Z1
of Journal No. 9. Said ordinance was published in the Salina Daily
Union, February 1918.
City Clerk.
to
( Published in the Salina Daily Union February 1918.)
Ordinance No.
An ordinance providing for the issuance of improve-
ment bonds of the City of Salina, Hansas, ,in the sum of $118,808.86
to pay the costs of improving certain streets in said City.
Vfhereas, in pursuance of proceedings duly had ac-
cording to lavd, contracts have been let and performed for the pav-
ing, excavating, curbing and guttering of Santa Ile Avenue, from the
north line of the Union Pacific Railroad Right -of -Way, to the south
line of Otis Avenue; of Ninth Street, from the south line of the
Union Pacific Railroad Right-of-W`ay to the south line of Otis Avenue;
of Otis Avenue, from the viest line of Ninth Street _to the east line
of Santa Fe Avenue; of Tenth Street, from the south line of Prescott.
Avenue to the north line of CraNford Avenue and of qij.1,1o,on Street, from
the guest line of Santa Fe Avenue to the east line of Highland Avenue, aid
viHEREAS, the total cost of said improvements has been
ascertained and the portion thereof to be paid by a general tax to be
--f
levied upon all of the taxable Property within said city for the im-
protement of squares and areas formed by the crossing of streets and
alleys and for city property for which bonds are to be issued as here-
in -after provided,,has been ascertained and is hereby determined and
found to be the sum of $33,753.74, and
V41HEREAS, the portion thereof to 'be paid by special as-
sessments levied upon the lots and pieces of ground liable therefor has
been ascertained and.is hereby found and determined"to be the sum of
093, 586.33, ,:which sy.id last amouaat- has been heretofore duly assessed
and apportioned to the several 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 as herein provided in anticipation of
said special assessments which remain unpaid has been ascertained and
! , 4- 1W
is hereby determined and found to be the sum of '$8055.12, the
difference between said last two named amounts having been paid f.
by the property owners on said.above named streets whose property
has been thereby discharged from any further assessments for the
cost of said improvements in the amount so paid, YOW 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 paid thereon as
aforesaid, including the cost of the improvement of the 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 installment of which
/ 21:1
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, Zansas, in the aggregate sum of 1 18,808.86 as herein-
after provided.
Section 2. Said issue of bonds shall consist of 237
bonds of the denomination of $500.00 each and one bond of the de-
nomination of x;'308.86, numbered from 1 to 238 inclusive, all bearing
S"
interest at the rate of four and three-ga4rter (4-3/4) per cent per
annum, interest payable semi-annually upon the first day of September
and March of each year after the date of said bonds which shall be
dated September & 1917; except that the first interest payment on
said bonds shall be One and _;payable on the first day of September,
o;
1918 and on the first days of 0a-rch and September of each year there-
after during the life of said bonds. Said bonds shall have interest
coupons thereto attached and saido bonds shall become due and payable
as follows, to -writ:
110008.86 on the first day of September, 1918 and
112,000.00 on the first day of September in each s uc-
ceeding year thereafter for a. period of nine (9) years.
Section a. Said bonds shall be signed by the
Mayor and attested by the Clerk of the City of Salina, Kansas, and
shall have the corporate seal of said City attached thereto. Inter-
est 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.
Section 4. Said bonds -shall be executed in the form
and shall contain recitals . substantially as follows:
UNITED STATES OF AIMICA
STATE 'OF ILPIRSAS
CITY OF S2iLINA
KNOW ALL I4'lEN BY THESE PRESENTS, That City of Selina
in the County of Saline .and State of Kansas, for value received,
hereby acknowledges itself to be indebted and promises to pay the
sum of in laveful money of the United States of America
on the lst day of.September, A.D.19 , with interest thereon. at
the rate of four and three-quarters per cent'per annum, the first
installment of ofhich shall be payable September- 1, 1918 and in-
terest payable semi-annually thereafter on the first day of !larch
and. September of each year after the date hereof until the prin-
cippl `sum shall have been paid, upon the presentation and surrender
of the groper interest coupon hereto attached, bearing the signa-
ture 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, ITansas 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.
This bond is. one of a. series of bonds of like date
and tenor issued bV said City of Salina, Kansas, to pay for street
improvements in and for said City under and by the authority of and
in compliance ,ii-th the pro isions of the lays .of the State of Kansas
governing cities of the s cond class, and in compliance with an ordi-
nance duly and legally passed by the IVIayor and Council of said City
on the.1+12,iday of +'e z A.D. 1918.
nd9it is hereby declared,and certified that all acts,
conditions and things required to be done and to exist precedent to
and, in the issaance of this bond, have been properly done and per-
formed and do exist in regular and due form as required by the' con-
stitution and la'dirs, of the State of Kansas, and that the t@tal indebt-
e,dness of said City, including this series of bonds, does not exceed
any constitutional or statutory limit.
ITS? WITNESS IrVHEREOF, said City of Salina, by its ?:Mayor
and CounciLP has caused this bond to be signed by its IiJayo-r and at-
tested by its Clerk and its corporate seal is hereto attached.
Dated t --i day of A.D. 191g; -
Attest:
Idayor.
city C er .
Section 5. The first interest coupon to be' attached
to said bonds shall be substantially as follows:
leo.
On the first day of September, 1918 the City of
Salina, Kansas will pay to the bearer at the fiscal
agency of the State of i-Sansas in the City of Topeka, I-ansas, the
same being one years interest on its improvement bond dated Sept.-
.ember 1st, ;191'7..
City Clerk
IIT o .
The rema.ini n ,, interest coupons to be attached to
said bonds shall be substantially as follows:
No.
On the first day of 19 the City
of Salina, R-ansas will pay to the bearer � Dollars at the
fiscal agency of the State of Kansas, in_�Ci� Topeka, Kansas,
the same being; six months interest on it's, Im��rovement Bond dated
-p
S�#�=mh.ex.- ist , 1917.
No.
City Clerk.
Section 6. The I',,ayo-r and Clerk are hereby authorized,
directed and empowered viithout unnecessary delay, to prepare and.
execute said bonds and coupons as in this ordinance provided and v;hen
executed, said bonds shall be registered 1Tri.th tLe Clerk of the City
of Salina, Aransas and v.,itrl the Auditor of the State of Earis.as, as re-
quired by lava, and shall be by the Mayor of said City delivered to
the contractor or contractors constructing such improvements in pro-
portion to the amounts due s,_ch contractor or contractors in payment
of tine amount due them for such work or ir;provement; 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 cont-rautor or contractors
under their respective contracts loith said City. Or, the +vllayor and
Council may sell said bonds at not less than their par value and out
of the proceeds thereof pay said Gonr%�actor or contractors for said
work alld improveiients.
section 7. Said .11',,S��yor and Councilmen shall make
provision for the pa- of the principal and intere-st on said bonds
e r u
as the samebecomes dz,i.e aid payable b,%7 levying a tax on the property
liable therefor.
Section 8. This ordinance shall take effect acid be
in force from and after its -oublicatioh once in the Salina Daily
Union.
amassed and ajoproved FL-tuary 1918.
Atte t, mayor.
City Clerk.
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