2002-A RUN DATE 09/02/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
5349090102539-SALINA AIRPORT
SALINA AIRPORT AUTHORITY
GENERAL OBLIGATION IMPROVEMENT BOND
SERIES 2002-A BI # 5349090102539
FROM 08/01/2011 TO 08/31/2011
Date Interest Principal
08/01/2011 BEGINNING BALANCE
RECEIPTS 09/01/2011 10,952.50 295,000.00
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
08/31/2011 ENDING BALANCE 10,952.50 295,000.00
***THIS IS NOT A BILLING STATEMENT***
RUN DATE 10/04/2011 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
5349090102539-SALINA AIRPORT
SALINA AIRPORT AUTHORITY
GENERAL OBLIGATION IMPROVEMENT BOND
SERIES 2002-A BI # 5349090102539
FROM 09/01/2011 TO 09/30/2011
Date Interest Principal
09/01/2011 BEGINNING BALANCE 10,952.50 295,000.00
RECEIPTS
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES 295,000.00-
COUPON PAYMENTS
REGISTERED INTEREST 10,952.50-
PRINCIPAL PAYDOWNS
OFFSETS
09/30/2011 ENDING BALANCE
***THIS IS NOT A BILLING STATEMENT***
632
EXCEPT AS OTHERWISE PROVIDED IN THE RESOLUTION (DESCRIBED
HEREIN), THIS GLOBAL BOND MAY BE TRANSFERRED, IN WHOLE BUT
NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE SECURITIES
DEPOSITORY (DESCRIBED HEREIN) OR TO A SUCCESSOR SECURITIES
DEPOSITORY OR TO A NOMINEE OF A SUCCESSOR SECURITIES
DEPOSITORY.
REGISTERED REGISTERED
NUMBER R-9 $295,000.00
UNITED STATES OF AMERICA
STATE OF KANSAS
SALINA AIRPORT AUTHORITY
(SALINA, KANSAS)
GENERAL OBLIGATION IMPROVEMENT BOND
SERIES 2002-A
•••••
•Interest Maturity Dated CUSCP:•"
Rate: 3.60% Date: September 1, 2011 Date: September 1, 2002 7 :•:794760.4U8 • •
•• • ..
••••
REGISTERED OWNER: CEDE& CO. 3 •r••• ;
electronic transfer instructions including the bank (which shall be in the continental United States), ABA
routing number and account number to which such Registered Owner wishes to have such transfer
directed. The principal, premium, if any, and interest on the Bonds shall be payable in any coin or
currency which, on the respective dates of payment thereof, is legal tender for the payment of debts due
the United States of America. The Bonds constitute general obligations of the Authority payable as to
both principal and interest from ad valorem taxes which may be levied without limitation as to rate or
amount upon all the taxable tangible property, real and personal, within the territorial limits of the City of
Salina, Kansas. The full faith, credit and resources of the Authority are irrevocably pledged for the
payment of the principal of and interest on this Bond and the issue of which it is a part as the same
respectively become due.
This Bond is one of an authorized series of Bonds of the Authority designated "General
Obligation Improvement Bonds, Series 2002-A," in an aggregate principal amount of $2,635,000 (the
"Bonds") issued for the purposes set forth in the Resolution of the Authority authorizing the issuance of
the Bonds (the "Resolution"). The Bonds are issued by the authority of and in full compliance with the
provisions, restrictions and limitations of the Constitution and laws of the state of Kansas, including,
without limitation, K.S.A. 27-315 et seq. and 10-101 et seq., all as amended.
At the option of the Authority, Bonds or portions thereof maturing on September 1,1,oll,'and
thereafter may be redeemed and paid prior to maturity on September 1, 2010, and thereafter as \hole at
tq
any time or in part (the maturities and principal amounts of Bonds of each maturity 17•e deterMih2d by
the Authority) on any interest payment date (Bonds of less than a full maturity to bt.sele:ted in multiples ••••
of $5,000 principal amount in such equitable manner as the Paying Agent shall d .signai)•it• the „••
redemption price of 100% of the principal amount thereof redemption prices set fortlltiftSw, ex§yessed as '•
•percentages of principal amount.
•
•.... •
Notice of redemption, unless waived, is to be given by the Paying Agent by Mailing IIn.oCficial
redemption notice by first class mail at least 30 days prior to the redemption date to the State Auditor of
Missouri, the original purchaser of the Bonds and each registered owner of the Bond or Bttds'td be
redeemed at the address shown on the Bond Register maintained by the Paying Agent. Notice of
redemption having been given as aforesaid, the Bonds or portions of Bonds to be redeemed shall, on the
redemption date, become due and payable at the redemption price therein specified, and from and after
such date (unless the Authority defaults in the payment of the redemption price) such Bonds or portions
of Bonds shall cease to bear interest.
The Bonds are being issued by means of a book-entry system with no physical distribution of
bond certificates to be made except as provided in the Resolution. One Bond certificate with respect to
each date on which the Bonds are stated to mature, registered in the nominee name of the Securities
Depository, is being issued and required to be deposited with the Securities Depository and immobilized
in its custody. The book-entry system will evidence positions held in the Bonds by the Securities
Depository's participants, beneficial ownership of the Bonds in authorized denominations being
evidenced in the records of such participants. Transfers of ownership shall be effected on the records of
the Securities Depository and its participants pursuant to rules and procedures established by the
Securities Depository and its participants. The Authority, the 'Bond Registrar and the Paying Agent will
recognize the Securities Depository nominee, while the registered owner of this Bond, as the owner of
this Bond for all purposes, including (i) payments of principal of, and redemption premium, if any, and
interest on, this Bond, (ii)notices and (iii) voting. Transfers of principal, interest and any redemption
premium payments to participants of the Securities Depository, and transfers of principal, interest and any
redemption premium payments to beneficial owners of the Bonds by participants of the Securities
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Depository will be the responsibility of such participants and other nominees of such beneficial owners.
The Authority, the Bond Registrar and the Paying Agent will not be responsible or liable for such transfers
of payments or for maintaining, supervising or reviewing the records maintained by the Securities
Depository, the Securities Depository nominee, its participants or persons acting through such
participants. While the Securities Depository nominee is the owner of this Bond, notwithstanding the
provision hereinabove contained, payments of principal of and interest on this Bond shall be made in
accordance with existing arrangements among the Authority, the Bond Registrar and the Securities
Depository.
EXCEPT AS OTHERWISE PROVIDED IN THE RESOLUTION, THIS GLOBAL BOND MAY
BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO ANOTHER NOMINEE OF THE
SECURITIES DEPOSITORY OR TO A SUCCESSOR SECURITIES DEPOSITORY OR TO A
NOMINEE OF A SUCCESSOR SECURITIES DEPOSITORY. The Bonds are issued in fully registered
form in the denomination of$5,000 or any integral multiple thereof This Bond may be exchanged at the
office of the Bond Registrar for a like aggregate principal amount of Bonds of the same maturity of other
authorized denominations upon the terms provided in the Resolution.
The Authority and the Bond Registrar may deem and treat the registered owner her;pf ds the
absolute owner hereof for purposes of receiving payment of or on account of principal hereof 11.4 interest
due hereon and for all other purposes and neither the Authority nor the Bond Registrar shall be,3ffected
by any notice to the contrary. ' • ""
This Bond is transferable by the registered owner hereof in person or by the rrjisterecl.,taWher's
agent duly authorized in writing, at the office of the Bond Registrar, but only in the llihi er, su ct to the
limitations and upon payment of the charges provided in the Resolution and eon suriVdeer and
cancellation of this Bond. The Authority shall pay all costs incurred in connection with the issuance, '....'
payment and initial registration of the Bonds and the cost of a reasonable supply of bonceblanks: •
The Authority and the Bond Registrar shall not be required to issue, register, transfer oLezcfange
any Bonds during a period beginning on the day following the Record Date preceding any Interest
Payment Date and ending at the close of business on the Interest Payment Date or Bonds which have been
called for redemption in accordance with Article III of the Resolution.
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 due and regular form and manner as required by the Constitution and laws of the state of
Kansas, and that the total indebtedness of the Authority, including this series of bonds, does not exceed
any constitutional or statutory limitation.
This Bond shall not be valid or become obligatory for any purpose until the Certificate of
Authentication and Registration hereon shall have been lawfully executed by the Bond Registrar.
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IN WITNESS WHEREOF, the Authority has caused this Bond to be executed by the manual or
facsimile signature of its Chairman and attested by the manual or facsimile signature of its Secretary, and
its corporate seal to be affixed hereto or imprinted hereon, and this Bond to be dated the Dated Date
shown above.
R
o r‘‘‘",‘. SALINA AIRPORT AUTHORITY
P`Pp
6I SEAL 1-1
tt -c Y ■
111 hh`SAN 1,0 _Chairma
ATTEST:
By
Seer- ary
••••
'••••'
• ••
CERTIFICATE OF AUTHENTICATION AND REGISTRATION .•. ••• •
• • • •••
•• ••••
This Bond is one of a series of General Obligation Improvement Bonds, Series:20022• .,Df'the • •
Salina Airport Authority, described in the within-mentioned Resolution.
. ) •••.•
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Registration Date Sip ,0 5-; •
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•••• •
Office of the State Treasurer, • •
Topeka, Kansas
as Bond Registrar and Paying Agent
Can/BY: ` p (/1 l4JQ,•nyria—
Registration Number 5349-085-090102-539
•
•
•
BOND ASSIGNMENT
FOR VALUE RECEIVED, the undersigned do(es) hereby sell, assign and transfer to
(Name and Address)
(Social Security or Taxpayer Identification No.)
the Bond to which this assignment is affixed in the outstanding principal amount of $
standing in the name of the undersigned on the books of the Bond Registrar. The undersigned do(es)
hereby irrevocably constitute and appoint as agent to transfer said Bond on
the books of said Bond Registrar with full power of substitution in the premises. Dated
••••
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•
• •••••
•• •
Name ••
•
•
Social Security or Taxpayer Identification No. • •
•
•
•
Signature •
•••• •
(Sign here exactly as name(s)
appear on the face of Certificate) • •
•
Signature guarantee:
By
[Name of Eligible Guarantor Institution as defined
by SEC Rule 17ad-15 (12CFR 240.17 Ad-15) or
any similar rule which the Bond Registrar deems
applicable]
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CERTIFICATE OF SECRETARY
STATE OF KANSAS )
) SS.
COUNTY OF SALINE )
I, the undersigned, Secretary of the Salina Airport Authority, hereby certify that the within Bond
has been duly registered in my office according to law as of August 21, 2002.
WITNESS my hand and official seal. /
N..wwq\\4
2t'F .0.
at33EIgL 1 / L' di
N\ .o-. r� Seer ary
CERTIFICATE OF COUNTY CLERK
• ••
• • •
STATE OF KANSAS )
•• ••• ••••
) SS. •
COUNTY OF SALINE )
• • •
I, the undersigned, County Clerk of Saline County, Kansas, hereby certify tlattjhe within Bond
has been duly registered in my office according to law as of August 21, 2002.
WITNESS my hand and official seal. • •
lg...
i COUNTY •;i ( I ' !-
s
CLERK County Clerk
........F Kt„
CERTIFICATE OF STATE TREASURER
•
OFFICE OF THE TREASURER, STATE OF KANSAS •
I, TIM SI-IALLENBURGER, Treasurer of the State of Kansas, do hereby certify that a transcript
of the proceedings leading up to the issuance of this Bond Ohas • ie filed in my office, and that this Bond
was registered in my office according to law on
WITNESS my hand and official seal.
1;17:21 444.4.-----'' ,I.
(Facsimile Seal)
Treasurer of the State of Kansas
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LEGAL OPINION
I, the undersigned, Secretary of the Salina Airport Authority, hereby certify that the following is a
true and correct copy of the approving legal opinion of Gilmore & Bell, P.C., Attorneys at Law, Kansas
City, Missouri, on the within Bond and the series of which it is a part, except that it omits the date of such
opinion; that the opinion was manually executed and was dated and issued as of the date of delivery of
and payment for the Bonds and is on file in my office. `/
By //�,.1- A
Seer- ary
U..
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•
September 5, 2002
Board of Directors of the
Salina Airport Authority
Salina, Kansas
••••
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•
Country Club Bank, n.a.
• ••
Prairie Village, Kansas ••• •
• •• ••••••
Re: $2,635,000 General Obligation Improvement Bonds, Series 7002=A, of lh;•Salina
Airport Authority, Dated September 1, 2002 • •••• • •
• • •
••••∎
•
We have acted as bond counsel in connection with the issuance by the Salina,AirporteAuthority •
(the "Authority") of the above-captioned bonds (the "Bonds"). • ••••••
•
We have examined the law and such certified proceedings and other documents as•we deem
necessary to render this opinion. As to questions of fact material to our opinion, we have relies upon the
certified proceedings and other certifications of public officials furnished to us without undertaking to
verify the same by independent investigation.
Based upon the foregoing, we are of the opinion, under existing law, as follows:
1. The Bonds are valid and legally binding general obligations of the Authority, payable as
to both principal and interest from ad valorem taxes which may be levied without limitation as to rate or
amount upon all the taxable tangible property, real and personal, within the territorial limits of the City of
Salina, Kansas.
2. The interest on the Bonds is excluded from gross income for federal income tax purposes
and is not an item of tax preference for purposes of the federal alternative minimum tax imposed on
individuals and corporations. It should be noted, however, that for the purpose of computing the
alternative minimum tax imposed on corporations (as defined for federal income tax purposes), such
interest is taken into account in determining adjusted current earnings. The opinions set forth in this
paragraph are subject to the condition that the Issuer comply with all requirements of the Internal
Revenue Code of 1986, as amended (the"Code"), that must be satisfied subsequent to the issuance of the
Bonds in order that interest thereon be, or continue to be, excluded from gross income for federal income
tax purposes. The Issuer has covenanted to comply with each such requirement. Failure to comply with
certain of such requirements may cause the inclusion of interest on the Bonds in gross income for federal
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income tax purposes retroactive to the date of issuance of the Bonds. The Bonds are "qualified tax-
exempt obligations" within the meaning of Section 265(b)(3) of the Code, and, in the case of certain
financial institutions (within the meaning of Section 265(b)(5) of the Code), a deduction is allowed for 80
percent of that portion of such financial institutions' interest expense allocable to interest on the Bonds.
3. The interest on the Bonds is exempt from Kansas income taxation.
We have not been engaged or undertaken to review the accuracy, completeness or sufficiency of
the Official Statement or other offering material relating to the Bonds (except to the extent, if any, stated
in the Official Statement) and we express no opinion relating thereto (excepting only the matters set forth
as our opinion in the Official Statement).
It is to be understood that the rights of the owners of the Bonds and the enforceability thereof may
be subject to bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting
creditors' rights heretofore or hereafter enacted to the extent applicable and their enforcement may be
subject to the exercise of judicial discretion in appropriate cases.
Very truly yours,
GILMORE&BELL, P.C. • ..
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RUN DATE 03/09/2012 BOND ACTIVITY STATEMENT SUMMARY PAGE 1
5349090102539-SALINA AIRPORT
SALINA AIRPORT AUTHORITY
GENERAL OBLIGATION IMPROVEMENT BOND
SERIES 2002-A BI # 5349090102539
FROM 02/01/2012 TO 02/29/2012
Date Interest Principal
02/01/2012 BEGINNING BALANCE
RECEIPTS 03/01/2012 5,642.50
DISBURSEMENTS
CO-AGENTS
CALLS
MATURITIES
COUPON PAYMENTS
REGISTERED INTEREST
PRINCIPAL PAYDOWNS
OFFSETS
02/29/2012 ENDING BALANCE 5,642.50
***THIS IS NOT A BILLING STATEMENT***