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1577 Issue Improvement Bonds(Published in the Salina Evening Journal Sept.kAG , 1910) oxnrrrnxes NO. An ordinance providing for the issuance of i rovement�bonds of the city tor�pay for the of Salina, Kansas, in the sum of $ �"3 (�a' °= improvement of certain streets in said i y. 'Whereas, in pursuance of proceedings duly had and taken according to law, contracts have been let for the paving, curbing and guttering of in the city of Salina, Kansas Santa Fe avenue, i—M -1.0imi biri, between Crawford avenue and Claflin ave- nue, and 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 improvement of the squares and areas formed by the intersections of streets and alleys, and for which bonds are to be issued, as herein provided, has been ascer- tained to be the sum of $ �/���•95�; and the portion thereof to be paid by special assessments upon the lots and pieces of ground liable therefor has been ascertained to be the sum of $ .�—, and said amount has heretofore been duly assessed and apportioned to the said several lots and pieces of.ground, payable in ten,equal annual install - menta, according to law and as provided in Ordinancei numbered ems•.- of the city of Salina, and the amount for which bonds are to be issued, as herein provided, in anticipation of the said special assessments which remain unpaid has been ascertained and is hereby de- termine ,,d to be the sum of $ �vl✓ , the dif f erence between said two last named amounts having been paid by the property owners whose property has thereby been discharged from any further assessments for the cost of said improvements; and �. Whereas, all legal requirements have been fully complied with to authorize the mayor and council to issue improvementz bonds on account of said street improvements; therefore, r Be it ordained by the Mayor and Councilmen' of the City of Salina: -,- Section 1. That the coat of said street improvements, after de- ducting therefrom the assessments heretofore paid thereon as aforesaid, shall be paid in ten equal annual installments, instead of levying the entire tag or assessment for such cost at one time, -the first installment to be paid with the taxes of 1910, and one installment& with the taxes for each succeeding year thereafter until the whole are paid, and that for such installments there shall. be issued, and are hereby issued, im» provement bonds of the city of Salina, Kansas, in the -aggregate sum of *J70- as hereinafter provided. Bee. 2. Said issue of bonds shall consist of v bonds of the denomination of $ •6e-' each, Pwgr,�bonds of the de- nomination, eachand Gam- bond of the denomination nomination of �$ , , of $ 3(o o: = ,' numbered from one to' o , inclusive, all bearing date of October 1,. 19101' with interest at the rate of figs pia per cent per annum, payable April 1 and October 1 each year, with'intwrest coupons attached to said bonds therefor, and shall become due and payable as follows, to -wit: on the first day of October, 1911, and on the first day of October in each and every year _ thereafter for the period of im nine years. Sec. S. Said bonds shall be signed by the mayor and attested by the clerk of said city, and shall have the corporate seal of the city attached thereto, and -the interest coupons to said bonds shall be A able at the fiscal agency of the State of Kansas, in the city of Topeka in said state. Sec. 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 Salina. No ` �-'—" ALL MEN BY THESE PRESENTS, That the City of Salina, in iEee county of Saline and State of Kansas, for value received hereby ac-. knowledges itself to be indebted and promises to pay to tie bearer the sutra of $: lawful money of the United States of America on the first day of 19 with interest thereon at the rate of five per cent per annum, payable`semi-annually on the first days of April and Ocotober of each year after the date thereof until the principal sum shall have been paid upon the presentation and surrender of the proper interest coupon hereto attached bearing the si?01thjrincipalature of the clerk of said city, as the severally become due, and and inter»est are payable at thefiscal agenc of the State Kansas, in the city of Topeka, Kansas• and the city of alina is held and firmly bound • its faith and credit and all real and personal property in said city are herebyle ed for the prompt• ayment of the principal of this bond and the iteres thereon at maturiT f like date and tenor issued This bond is one.ofma series of bonds of-like in and for ssaid by said city of Salina to ay for street imp city under and b author Ay of and in compliance with the provisions of the laws of the Sate of Kansas governing cities of the second class,and in compliance .with an ordinance duly and le ally passed by the mayor and 0. council of said cit3t on the 19th day of . Sept( at, all acts conditions And it is hereb declated and certified that all a and things regwired o be done and to exist precedent to and in the issuing of this bond have beenropperl done and performed and do exist in regular and due -form as required by the constiution and laws of the State of Kansas and that the total indebtedness of said city including this series of.tonds, does not exceed any bonstitutional or statutory limitations. I 4.. In Witness Thereof, said city of Salina, by its mayor and council, has caused this bond to be sign ed by its mayor and attested by its' clerk and its co orate seal to be hereto affixed and this bond to be dated"t the first day of October, 1910. Mayor. Attest: --- ---- -- City Clerk. Sec. 5. The interest coupons to be attached to said bonds shall be substantially in the following form: TNTMST COUPON. No.--TH-1he first day of 19the City of Salina. Kansas Z1 pap to.beaxer �olars, at the Fiscal Agency of the State of Kansas, in -Ea ci .y o Topeka, Kanas being sig months' interest on its improvement bond dated October 1, 190. Cit Clerk. : y Sec. 6. The mayor and city clerk are hereby authorized, without unnecessary delay, to prepare and execute said bo*dg and coupons, and that when executed said bonds shall be registered with the ci6y clerk,. of the city of Salina, the county clerk of Saline county, Kansas, and, by the Auditor of State of the State of Kansas, as required by law, and shall be by the mayoraof said city delivered to the contractors const- ructing such improvements, in.proportion to the amount due such con- tractors, respectively, in payment of the amount due them for such work and improvement; provided, however, that such bonds shall not be, delivered to said contractors until the work for which they are to pay aam is k fully completed and accepted by the governing body of said city; or, the mayor and council may sell said bonds and out of the proceeds thereof ;2- pay.said contractors for such work and improvement; and that the mayor and council shall annually make provisions for the payment of the prin- t ciP al and interest of said -bonds, as the same shall become due, by -levy- ing a tax on the property liable therefor. Sec. 7. This ordinance shall talo effect and be in force.from and after its publication once in the Salina Livening Journal. roved Se tember�, 1920. Passed and app P c Attest: yo . er .