2229 Issue Sewer Bonds245
ORDINANCE NO. 2229
(Published in the Salina Daily onion December 1918)
An ordinance providing for the issuance of Sewer
r Im
iogovement Bonds
of the City,of,,,Sal;a, the f,632.55
WHEREAS the Mayor and Council of the City
of Salinas
Kan-
sassas
have caused to be built and constructed certain sewers in said
City as provided in Ordinance.No. 2227, the total price of which
is in excess of 5,632.55; Now, Therefore,
Be it ordained by the Mayor and Councilmen of Salina, Kansas:
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 1919 and one installment each
year thereafter until the whole of such sum is paid and that for
such installments there shall be issued Sewer Improvement Bonds
of the City of Salina, in the total sum of $5..632.55., as herein
provided.
Sec. 2. Said issue of bonds shall consist of eleven (11)
bonds of the denomination of Five e
u d
H n red500 00
(� ) Dollars each
and one bond of the denomination of One Hundred Thirty-two and
55/100 (132.55) Dollars. They shall be dated January 1st, 1919
and payable as follows:
$1,132.55 on the first day of January, 1920 and $500.00
on the first day of January in each year thereafter for
a period of nine (9) years.
Sec. 3. Said bonds shall bear interest at the rate of Four
and three-quarters (4-3/4%) per cent per annum, such interest to
u
be payable semi-annually on the first day of January and July of
each year. 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 s
. i geed b the mayor and
y y attested
by the Clerk of the City of Salina, Kansas and shall have the cor-
porate seal of the said City attached thereto. Interest coupons to
said bonds shall be signed by the said Clerk.
Sec. 5. Said bonds shall be executed in the form and shall
contain recitals substantially as follows:
i
24 6.
UNITED STATES OF AMERICA
STATE OF KANSAS.
CITY OF SALINA.
NO.
KNOW ALL VEN BY THESE PRESENTS, That the City of Salina,
in the County of Saline and State of Kansas, for value re-
ceived hereby acknowledges itself to be indebted and promises
to pay the sum of , in lawful money of the United
Stated 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 July, first 1919, and interest payable semi-
annually thereafter on the first day of January and July 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 be=
come due and payable. Both principal ' and interest are paya-
bel at the Fiscal Igency 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 provisionf of
the laws of the State of Kansas governing cities of the sec-
ond class, and in compliance with an ordinance duly and legal-
ly passed by the Mayor and Council of said City on the 16th
day of December, 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 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 consti-
tutional 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 attdsted by its Clerk and its corporate seal hereto
attached.
Dated this lst day of January, A. D. 1919.
Attest: Mayor.
City Clerk.
Sec. 6. 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 , at the
fiscal agency of the State of Kansas, in the City of To-
peka, Kansas, the same being six months° interest on its
Sewer Improvement Bond dated January 1st, 1919.
City Clerk.
NO.
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See. 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
C methereof,x
the said City for the payment and when executed, said
bonds shall be by the 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
liable therefor.
Sec. 8. This ordinance shall take effect and be in full
force from and after its publication once in the Salina Daily
Union.
Passed and approved, December 16th, 1918.
Edd Mathews.
(SEAL) 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. 2229, passed by
i
the Council and approved by the Mayor of the city of Salina,
Kansas, December 16th, 1918; and that a record of the vote on
its final adoption is found on Page of Journal No. 9.
Said ordinance was published in the Salina Daily Union December
1918.
City Clerk.