2200 Issue Sewer Bonds1
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ORDINA,NCE NO.: 2200
ished in the Salina Daily Union July 1918)
An ordinance providing for the issuance of Sewer Improvement
Bonds of the city of Salina, Kansas, in the sum of
'$64,489.21
WHEREAS, The Mayor and Council of the City of Salina, Kan-
sas have caused to be built and constructed certain sewers in said
City as provided in Ordinance 2175, the total price of which is
in excess of $64,489.21; Now, Therefore,
Be it ordained by the Mayor and Councilmen of the City of Salina.-
Section
alina:
Section 1. That the cost of such sewers shall be payable
in ten (10) annual installments instead of levying the entire
taxes for such cost at one time, the first installment of which
is to be paid with the taxes for the year 1918 and one instal].-
ment each year thereafter until the whole of such sum is paid
and that for such installments there shall be issued Sewer Improve-
ment Bonds of the .City of Salina in the total sum of $64,489.21
as herein provided.
Sec. 2. Said issue of bonds shall consist of sixty-four
(64) bonds of the denomination of One Thousand (1,000.00) Dollars
each and one bond of the denomination of Four Hundred Eighty-nine
and 21/100 ($489.21) Dollars. They shall be dated May lst, 1918
and payable as follows:
$1,489.21 on the first day of May, 1919 and $7,000.00
on the frist day of May in each year thereafter for a
period of nine years.
Sec. 3, Said bonds shall bear interest at the rate of
4-3/4;. per annum,. such interest to be payable semi-annually on
the first day of May and November of each year, except the first
installment of interest which shall fall due upon the first day
of May, 1919. Such bonds shall have interest coupons attached
and both bonds and coupons shall be payable at the fiscal agency
of the State of Kansas in the city of Topeka, Kansas.
Sec.. 4. 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 said City attached thereto. Interest coupons
to said bonds shall be signed by said Clerk.
Sec. 5. Said bonds shall be executed in the form and shall
contain recitals substantially as follows:
UNITED STATES OF AIVIERICA.
_ STATE.. OF KFLNSAS
,CITY OF 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
the sum of in lawful money of the United States of
America on the first day of 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 May,
1919, and interest payable semi-annually thereafter on the
first day of May and November 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
thereto 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; 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.
This bond is one of a series of bonds of like date and
tenor issued by said City of Salina, Kansas, to pay for sewer
improvements in and for said City under and by the authority
of and in .compliance with the provisions of the laww 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 15th day of duly, A. D
1918.
AND I.T IS HEREBY DECLARED AND CERTIFIED, that all acts,
conditions.and things required-tp be.done-and to exist prece-
dent 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 statu-
tory limit.
IN WITNESS WHEREOF,. said City of Salina by its Mayor
and Council has caused this bond to be signed by its Mayor
and attested by its Clerk and its corporate seal hereto attached.
Dated this day of A. D. 1918.
Attest: Mayor.
City Clerk.
Sec. 6. The first coupon to be attached to said bonds
shall be substantially as follows:
NO.
On the first day of May, 1919, the City of Salina, Kan-
sas will pay to the bearer 6 at the fiscal agency of
the State of Kansas in the city of Topeka, Kansas, the same
being one .year's interest on its Improvement Bond dated May
1st, 1918.
No.
City Clerk.
The remaining interest coupons to be attached to said
bonds shall be substantially as follows:
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NO.
On the first day of , 19 , 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 Sewer Improve-
ment Bond dated May 1st, 1918.
No.
City Clerk.
Sec. 7. The Mayor and Clerk are hereby authorized and
directed to prepare and execute, as soon as practicable, the said
bonds herein provided for, therein pledging the credit of the
said City for the payment thereof, and when executed, said bonds
shall be. by Vhe Mayor and Councilmen sold, for not less than
their par value, and out of the proceeds thereof shall be paid
the cost of building and constructing the sewers aforesaid; and
the Mayor and Council shall make provisions annually for the
payment of the principal and interest of said bonds as the same
shall become due, by levying an assessment on the property lia-
ble therefor.
Sec. 8. This ordinance shall take effect and be in full
froce from and after its publication once in the Salina Daily
Union.
Passed and approved, July 15th, 1918,
(SEAL)
Attest:
Chas, E. Banker,
City Clerk.
STATE OF KANSAS
) SS.
COUNTY OF 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. 2200 passed by the Council and
approved by the Mayor of the city of Salina, Kansas, July 15th,
1918; and a record of the vote on its final adoption is found
on Page 13_5bf Journal No. 9. Said ordinance was published in
the Salina Daily Union, July 1918.