84-9050 Issue GO BondsORDINANCE NO. 84-9050
OF THE
CITY OF SALINA, KANSAS
1
$768,000
GENERAL OBLIGATION INTERNAL IMPROVEMENT BONDS
SERIES P-231
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(Published in the Salina Journal t4nV 1984)
ORDINANCE NO. 84-9050
AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE, SALE AND DE-
LIVERY OF $768,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION INTERNAL
IMPROVEMENT BONDS, SERIES P-231, OF THE CITY OF SALINA, KANSAS, FOR
THE PURPOSE OF PROVIDING FUNDS TO PAY THE COST OF CONSTRUCTION OF
STORM SEWERS, WATER MAINS, SANITARY SEWERS AND STREET IMPROVEMENTS
IN THE CITY OF SALINA, KANSAS; PRESCRIBING THE FORM AND DETAILS OF
SAID BONDS; AND PROVIDING FOR THE LEVY AND COLLECTION OF THE NECES-
SARY ASSESSMENTS AND TAXES FOR THE PURPOSE OF PAYING THE PRINCIPAL
OF AND INTEREST ON SAID BONDS AS THEY BECOME DUE; AND AUTHORIZING
AN AGREEMENT BETWEEN THE CITY AND THE BOND REGISTRAR.
WHEREAS, pursuant to K.S.A. 12-6a01 et seq., and other provi-
sions of the laws of the State of Kansas applicable thereto, by
proceedings duly had, the governing body of the City of Salina,
Kansas (the "City"), has proceeded with construction of storm sew-
ers, water mains, sanitary sewers and street improvements, said im-
provements being more fully identified as Project 82-692 (street
improvements) Project 82-694 (street and storm sewer improvements),
Project 83-701 (sanitary sewer improvements), Project 83-710 (water
main improvements); and
I WHEREAS, all legal requirements pertaining to said improve-
ments have been complied with, and the governing body of the City
now finds and determines that the total cost of the Project and re-
lated expenses are $778,907.39, part of said costs to be paid by
the City -at -large and part to be paid by special assessments
against the property benefitted, which have been duly levied and
assessed against the lots, pieces and parcels of land liable for
the special assessments for said improvements; and
WHEREAS, the owners of said lots, pieces and parcels of land
liable for special assessments as aforesaid, within the period
specified, have paid $10,907.39 in cash on account of said special
assessments, leaving the balance of $175,836.43 and the City Share
of $592,163.57 for the total cost of said improvements, to -wit, the
sum of $768,000 as the cost of said improvements to be paid by the
issuance of bonds of the City; and
WHEREAS, the governing body of the City is authorized by law
to issue general obligation bonds of the City to pay the unpaid
costs of said improvements; and
WHEREAS, the governing body of the City has heretofore
advertised the sale of said bonds in accordance with law and
awarded the sale of said bonds to the lowest bidder; and
WHEREAS, the governing body of the City now deems and finds it
necessary to authorize the issuance of said bonds for delivery to
the purchaser;
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE
CITY OF SALINA, KANSAS, AS FOLLOWS:
Section 1. Definitions. In addition to the words and terms
otherwise defined herein, unless the context shall clearly indicate
some other meaning, the words and terms defined in this Section
shall for all purposes of this Ordinance have the respective mean-
ings specified in this Section, to wit:
"Bondholder" and "Holder" mean a Person in whose name a Bond
is registered in the Bond Register.
"Bond Register" means the register and all accompanying
records kept by the Bond Registrar evidencing the registration,
transfer and exchange of Bonds.
"Bond Registrar" means the State Treasurer of Kansas when act-
ing in the capacity as registrar and transfer agent for the regis-
tration, transfer and exchange of Bonds, and any successors
thereto.
"Bonds" and "Series P-231 Bonds" mean the General Obligation
Internal Improvement Bonds, Series P-231, of the City herein au-
thorized.
"City" means Salina, Kansas.
"Interest Payment Date" means the dates specified in Section 3
as a date on which an installment of interest on the Bonds is due
and payable.
"Ordinance", "this Ordinance", "hereof", "herein", "hereto"
and similar terms shall refer to this Ordinance of the City autho-
rizing the Bonds, as originally executed or as it may be supple-
mented or amended from time to time.
"Outstanding" when used with respect to Bonds means, as of the
date of determination, all Bonds theretofore executed, authenti-
cated and delivered under this Ordinance, except:
(i) Bonds theretofore cancelled by the Bond Regis-
trar or delivered to the Bond Registrar for cancellation;
and
(ii) Bonds in exchange for or in lieu of which
other Bonds have been authenticated and delivered pursu-
ant to this Ordinance.
"Paying Agent" means the State Treasurer of Kansas when acting
in the capacity as paying agent for the payment of the principal
of, premium, if any, and interest on the Bonds and any successors
thereto.
"Person" means any individual, corporation, partnership, joint
venture, association, joint-stock company, trust, unincorporated
organization or government or any agency or political subdivision
thereof.
"Project" means construction of storm sewers, water mains,
sanitary sewers and street improvements in the City.
"Registration Date" means the effective date of registration
of a Bond as evidenced by the Bond Registrar in the Certificate of
Authentication appearing on the Bond.
"Regular Record Date" for the interest payable on any Interest
Payment Date means the 15th day (whether or not a business day) of
the calendar month next preceding such Interest Payment Date.
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Section 2. Authorization of and Security for the Bonds. For
the purpose of providing funds to pay the cost of the Project,
there shall be issued and are hereby authorized and directed to be
issued the General Obligation Internal Improvement Bonds, Series
P-231, of the City in the principal amount of $768,000.
The Bonds shall be general obligations of the City, payable as
to both principal and interest in part from special assessments on
property benefitted but any specially assessed part not so paid and
the remainder of the principal and interest will be paid from ad
valorem taxes which may be levied without limitation as to rate or
amount upon all the taxable tangible property within the territori-
al limits of the City. The full faith, credit and resources of the
City are hereby irrevocably pledged for the payment of the Bonds
and the interest thereon as the same become due.
Section 3. Description of the Bonds, Designation of Paving
Agent and Bond Registrar. The Bonds shall consist of fully regis-
tered Bonds, without coupons, transferable to subsequent owners
only in the Bond Register maintained by the Bond Registrar as here-
inafter provided. Each Bond shall be in the denomination of $5,000
or any integral multiple thereof (provided that one of the Bonds
maturing December 1, 1986, shall be in the denomination of $3,000
or integral multiples of $5,000 in excess thereof) not exceeding
the principal amount of Bonds maturing in the year in which such
Bond becomes due, as specified by the Holder of such Bond. The
Bonds shall be numbered in a manner determined by the Bond Regis-
trar. The Bonds shall be dated as of December 1, 1984, shall ma-
ture without option of prior payment, and shall bear interest at
the rates per annum, as follows:
MATURITY PRINCIPAL
DECEMBER 1 AMOUNT
INTEREST
RATE
1986 $48,000 8.25%
1987 80,000 8.25%
1988 80,000 8.25%
1989 80,000 8.25%
1990 80,000 8.25%
1991 80,000 8.80%
1992 80,000 8.80%
1993 80,000 8.80%
1994 80,000 9.00%
1995 80,000 9.15%
The Bonds shall bear interest from the most recent Interest
Payment Date to which interest has been paid in full or, if no in-
terest has been paid, from December 1, 1984. Interest on the Bonds
at the rates aforesaid shall be payable semiannually on June 1 and
December 1 in each year, beginning June 1, 1986. The State Trea-
surer of Kansas, Topeka, Kansas, is hereby designated as the Paying
Agent and as the Bond Registrar for the Bonds.
Section 4. Redemption of Bonds Prior to Maturity. The Bonds
shall not be subject to redemption prior to their respective dates
of maturity set forth in Section 3.
Section 5. Method and Place of Payment of Principal of and
Interest on the Bonds. The principal of and interest (computed on
the basis of a 360 -day year of twelve 30 -day months) on the Bonds
shall be payable in such coin or currency of the United States of
America as at the time of payment is legal tender for the payment
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of public and private debts. Payment of the interest on each Bond
shall be made by the Paying Agent on each Interest Payment Date to
the Person appearing as the Holder thereof in the Bond Register at
the close of business on the Regular Record Date next preceding
said Interest Payment Date, by check or draft mailed to such Holder
at the Holder's address as it appears in the Bond Register. The
principal of each Bond shall be payable to the Holder thereof upon
the presentation of such Bond for payment and cancellation at its
Maturity at the principal office of the Paying Agent.
Each Bond delivered under this Ordinance upon transfer of or
in exchange for or in lieu of any other Bond shall carry the rights
to interest accrued and unpaid, and to accrue, which were carried
by such other Bond.
Section 6. Execution, Authentication and Delivery of the
Bonds. The Bonds shall be executed on behalf of the City by the
facsimile signature of its Mayor and attested by the facsimile sig-
nature of its City Clerk, and shall have the seal of the City
affixed thereto or imprinted thereon. In the event any officer
whose signature or facsimile thereof appears on any Bond shall
cease to be such officer before the delivery of such Bond, such
signature or facsimile thereof shall nevertheless be valid and suf-
ficient for all purposes, the same as if such person had remained
in office until delivery. Any Bond may be executed by such persons
as at the actual time of the execution of such Bond shall be the
proper officers to sign such Bond although at the original date of
such Bond such persons may not have been such officers.
The Bonds shall have endorsed thereon a Certificate of Authen-
tication substantially in the form hereinafter set forth and which
shall have the date of registration inserted and shall be manually
executed by the Bond Registrar.
No Bond shall be entitled to any security or benefit under
this Ordinance or shall be valid or obligatory for any purpose un-
less and until such Certificate of Authentication shall have been
duly executed by the Bond Registrar by manual signature. Such exe-
cuted Certificate of Authentication upon any Bond shall be conclu-
sive evidence that such Bond has been duly authenticated and
delivered under this Ordinance and that such registered owner has
been entered on record in the Bond Register kept by the Bond Regis-
trar. The Certificate of Authentication shall be deemed to have
been duly executed if the Registration Date has been inserted and
if it has been signed by any authorized officer or employee of the
Bond Registrar, but it shall not be necessary that the same officer
or employee sign the Certificate of Authentication on all of the
Bonds that may be issued hereunder at any one time.
The Mayor and the City Clerk are hereby authorized and
directed to prepare and execute the Bonds in the manner hereinbe-
fore specified, the City Clerk is hereby authorized and directed to
register the Bonds, and the Mayor and the City Clerk are hereby au-
thorized and directed to cause the Bonds to be registered in the
office of the State Treasurer of Kansas as provided by law, and
when the Bonds have been duly registered with the Bond Registrar,
to deliver the Bonds to First Securities Company of Kansas, Incor-
porated, Wichita, Kansas, the original purchaser thereof, upon the
payment of the aggregate principal amount of the Bonds plus accrued
interest to the date of payment and delivery, together with any
premium.
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Section 7. Registration, Transfer and Exchange of Bonds. So
long as any of the Bonds remain outstanding, the City shall cause
the Bond Register to be kept at the principal office of the Bond
Registrar and all of the Bonds and transfers and or exchanges
thereof shall be fully registered as to both principal and interest
in the names of the Holders in the Bond Register and shall not be
registered to bearer.
Bonds may be transferred in the Bond Register only upon sur-
render thereof to the Bond Registrar duly endorsed for transfer or
accompanied by a written instrument of transfer duly executed by
the Holder thereof or his attorney or legal representative in such
form as shall be satisfactory to the Bond Registrar. Upon any such
transfer, the City shall execute and the Bond Registrar shall au-
thenticate and deliver in exchange for such Bond a new Bond or
Bonds, registered in the name of the transferee, of any denomina-
tion or denominations authorized by this Ordinance in an aggregate
principal amount equal to the principal amount of such Bond, of the
same Maturity and bearing interest at the same rate.
The City and the Bond Registrar shall not be required to
transfer or exchange any Bond beginning on the day following the
Regular Record Date and ending at the close of business on each In-
terest Payment Date.
Section 8. Persons Deemed Owners of Bonds. The Person in
whose name any Bond shall be registered shall be deemed and
regarded by the City, the Bond Registrar and the Paying Agent as
the absolute owner thereof, whether such Bond shall be overdue or
not, for the purpose of receiving payment therefor or on account
thereof and for all purposes, and neither the City, the Bond Regis-
trar nor the Paying Agent shall be affected by notice to the con-
trary. Payment of or on account of the principal of and interest
on any Bond shall be made only to or upon the order of the Holder
thereof or his legal representative. All such payments shall be
valid and effectual to satisfy and discharge the liability upon
such Bond, including the interest thereon, to the extent of the sum
or sums so paid.
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Bonds, upon surrender thereof at the principal office of the
Bond Registrar, together with a written instrument of transfer duly
executed by the Holder thereof or his attorney or legal representa-
tive in such form as shall be satisfactory to the Bond Registrar,
may, at the option of the Holder thereof, be exchanged for an equal
aggregate principal amount of Bonds of the same Maturity, of any
denomination or denominations authorized by this Ordinance, and
bearing interest at the same rate.
In all cases in which Bonds shall be exchanged or transferred
hereunder, the City
shall execute and the Bond Registrar shall au-
thenticate and deliver at the earliest practicable time Bonds in
accordance with the provisions of this Ordinance. All Bonds
surrendered in any such exchange or transfer shall forthwith be
cancelled by the Bond Registrar. No service charge shall be made
to any Bondholder for registration, transfer or exchange of Bonds,
but the City or the Bond Registrar may make a charge for every
transfer or exchange of Bonds sufficient to reimburse it or them
for any tax or other governmental charge required to be paid with
respect to such transfer or exchange, and such charges shall be
paid before any such transfer or exchange shall be completed.
The City and the Bond Registrar shall not be required to
transfer or exchange any Bond beginning on the day following the
Regular Record Date and ending at the close of business on each In-
terest Payment Date.
Section 8. Persons Deemed Owners of Bonds. The Person in
whose name any Bond shall be registered shall be deemed and
regarded by the City, the Bond Registrar and the Paying Agent as
the absolute owner thereof, whether such Bond shall be overdue or
not, for the purpose of receiving payment therefor or on account
thereof and for all purposes, and neither the City, the Bond Regis-
trar nor the Paying Agent shall be affected by notice to the con-
trary. Payment of or on account of the principal of and interest
on any Bond shall be made only to or upon the order of the Holder
thereof or his legal representative. All such payments shall be
valid and effectual to satisfy and discharge the liability upon
such Bond, including the interest thereon, to the extent of the sum
or sums so paid.
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Section 9. Mutilated, Lost, Stolen or Destroyed Bonds. In
the event any Bond shall become mutilated, or be lost, stolen or
destroyed, the City shall, if necessary, execute and the Bond Reg-
istrar shall authenticate and shall deliver a new Bond of like date
and tenor as the Bond mutilated, lost, stolen or destroyed; provid-
ed that, in the case of any mutilated Bond, such mutilated Bond
shall first be surrendered to the Bond Registrar, and in the case
of any lost, stolen or destroyed Bond, if the requirements of
K.S.A. 84-8-405 are met and if an indemnity bond and affidavit of
loss are provided to the Bond Registrar and the City at the expense
of the Holder. Such indemnity bond and affidavit of loss must be
sufficient, in the judgment of the Bond Registrar and the City, to
protect the Bond Registrar and the City from any loss which either
of them might suffer if the Bond is replaced. In the event any
such Bond shall have matured, instead of issuing a substitute Bond
the City may pay or authorize the payment of the same without sur-
render thereof. Upon the issuance of any substitute Bond, the City
and the Bond Registrar may require the payment of an amount suffi-
cient to reimburse the City and the Bond Registrar for any tax or
other governmental charge that may be imposed in relation thereto
and any other reasonable fees and expenses incurred in connection
therewith. The provisions of this Section are exclusive and shall
preclude (to the extent lawful) all other rights and remedies with
respect to the replacement or payment of mutilated, lost, stolen or
destroyed Bonds.
Section 10. Cancellation and Destruction of Bonds Upon
Payment. All Bonds surrendered for payment, transfer or exchange
shall be delivered to the Bond Registrar and, if not already can-
celled, the Bond Registrar shall cancel such Bonds and record such
cancellation in the Bond Register. Thereafter, such cancelled
Bonds shall be delivered to the City.
Section 11. Form of Bonds. The Bonds and the Bond Regis-
trar's Certificate of Authentication to be endorsed thereon shall
be in substantially the form set forth in this Section. The Bonds
may have endorsed thereon such legends or text as may be necessary
or appropriate to conform to any applicable rules and regulations
of any governmental authority or any custom, usage or requirement
of law with respect thereto.
5M
D
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REGISTERED
NUMBER
REGISTERED
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
GENERAL OBLIGATION INTERNAL IMPROVEMENT BOND
SERIES P-231
Interest Maturity Bond
Rate Date Date CUSIP
December 1, 1984
Per Annum
REGISTERED HOLDER:
PRINCIPAL AMOUNT: DOLLARS
The City of Salina, in the County of Saline, State of Kansas
(herein called the "City"), for value received, hereby promises to
pay to.the Registered Holder identified above, or registered as-
signs, on the Maturity Date identified above, the Principal Amount
identified above and to pay interest thereon at the Interest Rate
specified above from the most recent Interest Payment Date to which
interest has been paid in full or, if no interest has been paid,
from December 1, 1984, semiannually on June 1 and December 1 in
each year, beginning June 1, 1986.
INTEREST on this Bond will be paid by check or draft mailed to
the person in whose name this Bond (or one or more predecessor
Bonds) is registered in the Bond Register maintained by the Bond
Registrar at the close of business on the fifteenth day of the
month next preceding each interest payment date (the Regular Record
Date). Interest not punctually paid will be paid as otherwise pro-
vided in the ordinance authorizing this Bond (the "Ordinance").
The Principal Amount of this Bond shall be payable to the Regis-
tered Holder upon presentation and surrender hereof at the princi-
pal office of the State Treasurer of Kansas, in the City of Topeka,
Kansas. The full faith, credit and resources of the City are here-
by irrevocably pledged for the prompt payment of the principal of
and interest on this Bond as the same become due. The principal of
and interest (computed on the basis of a 360 -day year of twelve
30 -day months) on this Bond are payable in such coin or currency of
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the United States of America as at the time of payment is legal
tender for payment of public and private debts.
REFERENCE IS MADE TO THE FURTHER PROVISIONS OF THIS BOND SET
FORTH ON THE REVERSE HEREOF. SUCH PROVISIONS SHALL FOR ALL PURPOS-
ES HAVE THE SAME EFFECT AS IF SET FORTH HERE.
THIS BOND shall not be valid or become obligatory for any pur-
pose or be entitled to any security or benefit under the Ordinance
until the Certificate of Authentication hereon shall have been
dated and executed by the Bond Registrar.
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 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
City, including this Bond and the series of which it is one, does
not exceed any constitutional or statutory limitation.
IN WITNESS WHEREOF, the governing body of the City of Salina,
Kansas, has caused this Bond to be signed by facsimile signature of
its Mayor and attested by facsimile signature of its City Clerk,
the City's corporate seal to be printed hereon and this Bond to be
dated December 1, 1984.
ATTEST:
CITY OF SALINA, KANSAS
By
City Clerk
Mayor
Registration No. 0322-085-120184-357
CERTIFICATE OF AUTHENTICATION
REGISTRATION DATE:
This Bond is one of the Bonds described in the within
mentioned Ordinance.
OFFICE OF THE STATE TREASURER OF KANSAS
Bond Registrar
By
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Bond Registrar and
Paying Agent: STATE TREASURER
OF KANSAS
[ON REVERSE SIDE]
THIS BOND is one of an authorized series of fully registered
bonds of the City designated "General Obligation Internal Improve-
ment Bonds, Series P-231", aggregating the principal amount of
$768,000 (the "Bonds"), issued by the City for the purpose of
providing funds to pay the cost of construction of storm sewers,
water mains, sanitary sewers and street improvements in the City,
under the authority of and in full compliance with the constitution
and laws of the State of Kansas, including K.S.A. 10-101 to 10-132,
inclusive, and K.S.A. 12-6a01 to 12-6al7, inclusive, and all laws
amendatory thereof and supplemental thereto, and pursuant to ordi-
nances duly passed and proceedings duly and legally had by the
governing body of the City.
THE BONDS are general obligations of the City, payable as to
principal and interest in part from special assessments on property
benefitted but any specially assessed part not so paid and the re-
mainder of the principal and interest will be paid from ad valorem
taxes which may be levied without limitation as to rate or amount
upon all taxable tangible property within the territorial limits of
the City.
THIS BOND is transferable only in the Bond Register at the of-
fice of the Bond Registrar upon surrender of this Bond to the Bond
Registrar duly endorsed for transfer or accompanied by a written
instrument of transfer satisfactory to the Bond Registrar duly exe-
cuted by the Registered Holder hereof or his attorney or legal rep-
resentative, and thereupon a new Bond or Bonds in the same aggre-
gate principal amount shall be issued to the transferee in exchange
therefor, subject to the conditions as provided in the Ordinance.
The Bonds for each maturity are issuable only in the form of fully
registered Bonds without coupons in the denomination of $5,000 or
any integral multiple thereof (provided that one of the Bonds
maturing December 1, 1986, shall be in the denomination of $3,000
or integral multiples of $5,000 in excess thereof. The Registered
Holder of any Bond or Bonds may surrender the same in exchange for
an equal aggregate principal amount of Bonds of any authorized de-
nomination in the manner and subject to the conditions as provided
in the Ordinance. No service charge shall be made for any such
transfer or exchange, but, prior to any transfer or exchange, the
Registered Holder hereof shall pay to the City or the Bond Regis-
trar an amount sufficient to reimburse it or them for any tax or
other governmental charge required to be paid with respect to such
transfer or exchange. The City, the Bond Registrar and the Paying
Agent may deem and treat the person in whose name this Bond is reg"
stered as the absolute owner hereof for the purpose of receiving
payment of, or on account of, the principal hereof and interest due
hereon and for all other purposes.
(FORM OF ASSIGNMENT)
FOR VALUE RECEIVED the undersigned does (do) hereby sell, as-
sign and transfer to
(Name and Address)
(Social Security or Taxpayer
Identifying No.)
the bond to which this assignment is affixed in the outstanding
principal amount of $ , standing in the name of the un-
dersigned on the books of the State Treasurer. The undersigned
does (do) hereby revocably constitute and appoint
attorney to transfer the said bond, on the
books of said State Treasurer, with full power of substitution in
the premises.
Dated
F�
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Name
Account No.
Signature
(Sign Here Exactly as Name or Names
Appear on the Face of the Certificate)
(Signature Guarantee)
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(FORM OF CLERK'S CERTIFICATE)
STATE OF KANSAS )
SS.
COUNTY OF SALINE )
I, D.L. Harrison, City Clerk of the City of Salina, Kansas, do
hereby certify that this Bond has been duly registered in my office
on , 1984.
WITNESS my hand and official seal.
[SEAL]
City Clerk
(FORM OF STATE TREASURER'S CERTIFICATE)
OFFICE OF THE STATE TREASURER OF KANSAS
I, JOAN FINNEY, Treasurer of the State of Kansas, do hereby
certify that a transcript of the proceedings leading up to the is-
suance of this Bond has been filed in my office and that this Bond
was registered in my office according to law this
WITNESS my hand and official seal.
JOAN FINNEY
State Treasurer of Kansas
[SEAL]
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Section 12. Disposition of Bond Proceeds. All accrued inter-
est and premium, if any, received from the sale of the Bonds shall
be deposited in the general obligation bond fund held by the City
Treasurer for the retirement of bonds of the City.
The remaining balance of the proceeds derived from the sale of
the Bonds shall be deposited in a fund held by the City Treasurer
and shall be used solely for the purpose of paying the cost of the
Project as hereinbefore provided.
Section 13. Levy and Collection of Annual Taxes. The
governing body of the City shall annually make provision for the
payment of the principal of and interest on the Bonds as the same
become due by levying and collecting the necessary taxes and as-
sessments therefor in the manner provided by law.
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Section 14. Transfer of Funds to Paying Agent and the Bond
Registrar. The City Treasurer is hereby authorized and directed to
withdraw from the funds received in payment of the special assess-
ments and from the general obligation bond fund and forward to the
Paying Agent sums sufficient to pay the principal of and interest
on the Bonds as and when the same become due and to pay the charges
of the Paying Agent for acting as paying agent in the payment of
principal and interest. In addition, the City Treasurer is hereby
authorized and directed to withdraw from the general obligation
bond fund and forward to the Bond Registrar sums sufficient to pay
the charges of the Bond Registrar for acting as bond registrar.
Sums sufficient to pay said charges shall be forwarded to the
Paying Agent and Bond Registrar over and above the amount of the
principal of and interest on the Bonds.
Section 15. Authorization of Agreement Between the City and
the Bond Registrar. The Agreement between the City and the State
Treasurer of Kansas, in substantially the form attached hereto,
with respect to the duties of the State Treasurer as Bond Registrar
is in all respects hereby approved, authorized and confirmed and
the Mayor and City Clerk are hereby authorized and directed to exe-
cute said Agreement for and on behalf of the City.
Section 16. Effective Date. This Ordinance shall take effect
and be in full force from and after its publication in the official
City newspaper.
PASSED by the governing body of the City of Salina this 26 th
day of November 1984.
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Mayor
(SEAL)
ATTEST:
City Clerk
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