1626 Issue Improvement Bonds(Publi shed in.: the Salina`. lVen-ing .'. Journal st�,1911. j
An 4rdinaacs providingfor the- ismi"s of. Improvement- Bonds of the
city at Salina, 8.ansasy la the- sum' --of -$9500 to psy...for the
improvement of part of Prescott ay.:enue in., -said city.
Whereas, in parusaage of.proceedings..duly had.and-taken aeoord•
Ing to law, contraets'have been let and coapleted.for--the poving,
curbing and .guttering of .Prescott aoenue.. - i& the ceitY of-- Salina.
Kansas:, between the west -side of Fourth.. street.. and. -the -,east side of
Ninth street, -and the total coot of- said. IWOveuent...h$a: been ricer.
tained, and the portion thereof to be. paid.. by- a general _tau to b f
levied upon all. of the taxable propertg within -said .:city-, -for the
Improvement of the squares and areas formed by -the intersections of
streets, and alley's, -and for 4hiob bonds are to be: iseued, as herein -
atter provided.. has, been ascertained' and. zls. hereby determined 1 to be
0
the sura of $1750. and. -.the portion thereof- to. --,-be _paid='by special
assessments levied upon the lots Ont piee-09 of grougd Liable! therefor
has been ascertained tonthe nom of $10-,,Q27...06, end'; said, last wed
amount bas been heretofore duly:assessed.and-appartioned.to the WW
several lots and please of ground on '.said_ street .liabls'_thorefor,
payable is ten equal annual installments according to has and as'pro.
vided in 0rdinance 10.1610 Of the city Of, sauna, aud- 'the mount of
said special &ease ments. for which bonds. are to be ssu.ed, `qs herein
provided, in anticipation of the said apoaial..assee meats which rein
anpeld,..has been ascertained and'is hereby.determlued.to be the sum
r
of $7749.10 the d ffer.ence between said'. lest -..two named..emounts havdug.
been paid by the property owners on 'sald Prescott_ avenue_ whose pro-
perty has thereby been discharged from oW .further assessments for the
aoet o -f said .impro�rements, .t . e Ore,
Be it ordained by, the. ZWor and Councilmen. of the. city of Salina: -
section .1, That the cost of *dd..street.- improvements, atter do.
ducting therefrom the. savessmMS2 heretofore paid whereon as afore-
said sh4l. be paid ia. ten equal annual, -install instead of levy
Ing. the entire tax or assessment far aco�t:::aA .Ox�e time; the firs=
installment to be paid with -the to e; -,AvLW and one.installkebt
with the tease for eachsuceeedf. _h�r.:eafter until the whole .are
ql�Paid; and that for such. lnetalimei;eueresll be; isgned, and are
I
. --
hereby issued, Improvement Bonds of the.. city .of .
- Salaam. Kansas, in
the aggregate- sum of $9500.00, ee.:. hereinafter provided...
Sec. 2. Said.lssue of bonds shall-ooa.sist..of. ten (10) bonds
Of the..denomination.of, Nine Hundred. and Fifty ($950-06) Dollars each,
swab, membered from one to inclusive all. bear,#, date
• a& of
September 1,1911, tith interest at the..rate .of Yive.. (5) .per cent per
annum,.payable March and September lot.each..year.,. with -interest coupons
attached to said bonds.,,.. and .shall -.become:.. due. and .payable....&$ follows,
to -wit:._ $950.00 on the lot day .of September- 1912,.: and .$950,80 on the
let day of September in each and every year thereafter. -for the period
of nine years.
Sec. 3• Sand bonds shall, .be -sign ed.
by the . mai 4r and att est ed
by. the clerk of said. city., and shall. -.have. the.corposate._eeal of the
city attached thereto.:. and the interest. coupons. to said, bonds shit be
signed by said clerk., and. both -bond& . and.. coupons . sha11 be payab� a at
1.,
the - fi seal agency, of. the State af..$an.sas.,_- in - the city. of. Topeka in said
state.
See. 4... 88dd bonds shall. be Oxwmted, i& the. form and shall
contain recitals oubatant.ially.ab.-follewe:.
UNITED STATES_ 0B AMICA '
STATS 09 KANSAS.
$ L.
CITY 01 .SALINA. N$.
KNOW ALL MW BY THROE PRISMS, that .the city. of, Salina, in the
county of Saline,. and, state. of Kansa,- for. value, reoiived, hereby ac-
knowledges itself. -to.- be indebted and --promises to pay_- to_ she bearer the
sum of 4 lawful money of. the.. United States,of America, on the
lot day o ep.emb
.er._,. 19 8, with- _interest-�.a
-.theo.at-.the`..rato of five
per cent per annum.,. gaw Mi semi-anAuallg...on. the. 1st. -day -s of March and
September of each..year after the date thereof until, -the principal sum
shall have beeu-- paid -upon the presentation sad -.surrender. of the proper
Interest coupon -hereto attached...beartag.ths. signature of.. the clerk of
said city, an .they . sever -ally become -due*. and- bath .principal and interett
are payable ht- the. Fiscal Agency of .the- stat,*. of.. Kaneaa,,...in the city of
Topeka, Kansas.: and_ the_ city of Salina.. 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 of this bond
and the interest thereon at maturity.
This bond is onee of a -series of bonds of like -data. -and tenor
Issued by- said city- of Salina -.to. -pay for. street improvements In and for
said city under andby authority of_and.in.00mpliance.with the provi-
sions of the laws. of. the state of Kansas_ governing.. cities of the second
class, and in- compliance' with an,,ordinanae .duly -and,-legLljj passed by
the mayor and. council.of said city. on -.the let- day of. September. 1911.
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
issuing: 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. Kausae_s and- that,. the. _tbtal..Andebtedneas of said cid
Including, this .serLas. of bonds... does. not exceed . a:W conatitutional
or statutory. limitations.
11 WITBBSS.. V , said city of Salina,, by its Mayor affi
Council, has caused. -this. bond. to be .a4 ed by ita mayor and its clerk,
and its corporate . seal to be hereto affizwed. and:. this- bond to be
dated the let day. of September,. 1911.
,Mayor
Attest: City Clerk _
See. 5. The interest. eoupone . to be attached to.:said bonds shall
be substantially in the following fora:
I1it I, Cot"N.
On the 1st day of .19 . the city of Salina, Kansas,
will pay to bearer dojUare.. at the Biecal Agency of
the state of Kansas, n e c y o Topeka, Kansas., being six months
Interest on . its LWovement Bond dated Baptember .1,1911._ Ho.�,.,_,_,
-. ryotTeirke
Seo. 6. The mayor and city_ clerk are hereby anthori$ed,iithout
unnecessary delay` to prepare and.eaecute said bonds and.coupone, and
that when executed said bonds shall.be..registered with the city clerk
of the city of Selina., the countycleric of. Saline county, Kansas,
and with the auditor of Mate of the -state of Kausaa,-as.required by
law9 and shall be by the mag%]r of said. city delivered .to the son-
tractors constructing such improvements, in proportion to the amounts
due such contractors, respectively, to paymeaL of- .the amount due
them for such work and improvement.; Provided,_howe4er.f.that such bonds
shall not be sold or delivered to said contractera._at lose than their
par value nor in a greater sum or amount than the amount due and owing
said contractora; or, the mayor and council may sell. said bonds, at
not less than their par value and out of the .proceeds thereef pay said
contractors for said work and improvements;. and that the.mayor and
council shall annually make provision .for the payment -of. the principal
and interest of said bonds$ as they severally become due, by levying
a tax on the property.liable therefor:
,Sea- 7.. This ordinance shall take effect and be in force
from and after -its publication once iII the Selina Evening Journal.
Passed and approved August 21st,1911.
Attest: or*
yclerk*