2077 Kenwood Park0
0
ORDINANCE N00,07/
SN ORDINANCE providing for the issuance of the bonds
of the City of Salina, Kansas in the sum of $30,000
to pay the purchase price of Kenwood Park, to be used
for park purposes.
WHEREAS at an election, duly held.. --in the. City of
Salina, Kansas upon the _day of April, 1917 there was
submitted to the qualified. electors of the said City the
proposition o£ whether or not the. Mayor -and Councilmen of
the City of Salina, Kansas should be authorized to issue the
bonds of the said City in the sum not to exceed.Thirty ;
Thousand Dollars for the purpose of acquiring for park 1
purposes that tract ,or parcel of land known as Kenwood Park,
and
WHEREAS at such election a majority of votes cast
thereat upon said proposition were cast in favor of authoriz-
ing the said Mayor and Council to issue said bonds in the said aim
for such purpose, and
WHEREAS by.an ordinance duly passed and approved upon
the 6th day of August, 1917 the said Mayor, and Councilmen of
the City of baltna did purchase from the ownier thereof the `
said tract or parcel of land known as Kenwood Park to be used
for park purposes for the sum of Thirty -Thousand Dollars,
NOW THEREFORE!
BE IT ORDAINED BY THE MAYOR AND COUNCILMEN OF THE CITY OF SALINA:
Section 1. That for the purpose of obtaining the
money with which to purchase that tract of land known as
Kenwood Park in the said City thare shall be and are hereby
issued the bonds of the City of Salina, Kansas in the sum
of Thirty Thousand Dollars as hereinafter provided.
Section 2. Said issue ofbondslsh�ll con 'st of
*nxty bonds of the denominate n of , s Dollars
each numbered from one to inclusive and shall bear
0
7
2
date of k gush; 1917 and shall be due and payable
t;°:enty years after their date. Such bonds shall draw
interest at the rate of fpur and one half per cent per
° annum, -interest payable semi annually upon the qday
of, and of,each year after the
date of said bonds.
Section 3. Such bonds shall be signed by the Mayor
and attested by the Clerk of said City of Salina, Kansas
and shall have -the corporate seal of said city attached
thereto. The interest coupons attached to the said bonds shall
be signed by the Clerk of the said City and both the bonds
and the coupons shall be payable at the fiscal agency of
the State of Kansas at the city of Topeka, Kansas.
Section 4. Said bond shall be executed in the
form and shall contain recitals substantially as follows:
A
UNITED STATE OF AMERICA,
STATE OF KANSAS
CITY OF SALINA
0
No.
KNOW ALL MEN BY THESE PRESENTS, That the City of
Salina, in the county of Saline and @tate of Kansas, for value
received, hereby acknowledges itse to be indebted and promises
to pay to the bearer the sum of 0.00 in lawful money of
the United States of America, on the day of A. D. 19
with interest thereon at the rate of four and one-half per cent
per annum, payable semi-annually, on the day of and
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 hereto attached, bearing the signa=
tare of the Clerk of said City as they become severally 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 credftt and all real and personal property in said City are
hereby pledged for the prompt payment of the principal and inter-
est of this bond upon thiir 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 public
parks in and for said City under and by authority of and in
compliance with the provisions of the laws 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 siad
City on the Lday of 4t A.D. 1917.
And it is hereby decla4-ed 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 reguel r and due form as required by the
eonstitdtion --and: laws of the State of Kansas, and thatthe total
indebtedness of said digy, including this series of bonds, does
not exceed any constitutional 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
attested by its Clerk and its corporate seal is hereto attached.
Dated this day of , A.D., 1917.
Attest: mayor
City Clerk
Section 5. The interest coupons to be attached to said
bonds shall be substantially as follows:
No.
On the day of 19_, the City of Salina,
Kansas will pay to the bearerat the Fiscal Agency
of the State of Kansas, in the ity of Topeka, Kansas, the same
being six montthsinterest on its Park Bond dated ,
1917.
No.
City Clerk
0
n
0
Section 6. The Mayor and -Clerk-1. of said City
are hereby authorized, directed and empowered without unnec-
essary delay to prepare and execute said bonds and coupons
as in this ordinance provided and that when executed said bonds
shall be registered with the Clerk of said City of Salina and
with the Auditor of State of Kansas as required by law. And when
said bonds are so executed they shall be bjx the said Mayor and
Council sold and out of the proceeds thereof the said Mayor and
Council shall pay to the owner of said tract of land the sum of
Thirty Thousand. Dollars upon the execution and delivery to the
proper officers of_the City of Salina, a good and sufficient
Warranty -Deed conveying to said City all of that tract or parcel
ti.... &y t a. A---- A -
of land kn wn as Eenwood.Park AA PROVIDED HOWEVER that said bonds
`,
shall not be sold for less than their par value and the money
derived therefrom shall not be used for any other purpose except
as in :this .ordinance' provided.. ;
Section 7. The Mayor and Council shall levy annually
upon all taxable property in said City in addition to levies' -
authorized for other purposes a swn suf£ tient to pay the inter-
est on said bonds under the provisions of this ordinance and "all
also in the manner provided by law levy taxes upon all taxable
property in said City to provide a sinking,fund for the redemption.
of such bonds at their maturity.
Section 8. This ordinance $hall take effect and be in
full force from and after its publication once in the.official
city paper.
Passed and approved, August
Attest: Mayar
0
City Clerk