84-9005 Authorize GO BondsA
(Published March I, 1984)
ORDINANCE NO. 84-9005
N ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE AND DE-
IVERY OF $425,000 PRINCIPAL AMOUNT OF GENERAL OBLIGATION
ONDS, SERIES F-230, OF THE CITY OF SALINA, KANSAS, FOR THE
URPOSE OF PROVIDING FUNDS TO PAY THE COST OF ACQUIRING FIRE
IGHTING EQUIPMENT TO BE USED BY THE FIRE DEPARTMENT OF THE
ITY OF SALINA, KANSAS; PRESCRIBING THE FORM AND DETAILS OF
AID BONDS; PROVIDING FOR THE LEVY AND COLLECTION OF AN AN -
UAL TAX FOR THE PURPOSE OF PAYING THE PRINCIPAL OF AND IN-
EREST ON SAID BONDS AS THEY BECOME DUE; AND AUTHORIZING AN
GREEMENT BETWEEN THE CITY AND THE BOND REGISTRAR.
WHEREAS, pursuant to K.S.A.12-110(c), and other
rovisions of the laws of the State of Kansas applicable
hereto, by proceedings duly had, the governing body of the
ity of Salina, Kansas (the "City"), has stated its inten-
ion to acquire fire fighting equipment to be used by the
ire department of the City ("the "Project") and to issue
eneral obligation bonds of the City to pay the cost of the
roject; and
WHEREAS, notice of the governing body's intention
as published in the Salina Journal on November 25, 1983,
nd December 2, 1983; and
WHEREAS, no petition protesting the Project and
he issuance of the bonds and signed by any qualified elec-
ors of the City was filed within 60 days of the last publi-
ation of the notice of the governing body's intention; and
WHEREAS, all legal requirements pertaining to said
roject have been complied with and the City has entered
nto a contract for the acquisition of the Project, and the
overning body of the City now finds and determines that the
otal cost of the Project and related expenses will not be
ess than $425,000; and
WHEREAS, the governing body of the City has here-
ofore advertised the sale of said bonds in accordance with
aw and awarded the sale of said bonds to the lowest bidder;
WHEREAS, it is necessary at this time to authorize
he issuance of all of the $425,000 of bonds for the purpose
Aforesaid.-
NOW,
oresaid.-
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING
ODY OF THE CITY OF SALINA, KANSAS, AS FOLLOWS:
Section 1. Definitions. In addition to the words
End terms otherwise defined herein, unless the context shall
learly indicate some other meaning, the words and terms
efined in this Section shall for all purposes of this Ordi-
ance have the respective meanings specified in this Sec -
ion, to wit:
"Bondholder" and "Holder" mean a Person in whose
ame a Bond is registered in the Bond Register.
"Bond Register" means the register and all accom-
ying records kept by the Bond Registrar evidencing the
istration, transfer and exchange of Bonds.
"Bond Registrar" means the State Treasurer of
ansas when acting in the capacity as registrar and transfer
gent for the registration, transfer and exchange of Bonds,
nd any successors thereto.
"Bonds" and "Series F-230 Bonds" mean the General
bligation Bonds, Series F-230, of the City herein autho-
ized.
"City" means Salina, Kansas.
"Interest Payment Date" means the dates specified
in Section 3 as a date on which an installment of interest
cn the Bonds is due and payable.
"Ordinance", "this Ordinance", "hereof", "herein",
' ereto" and similar terms shall refer to this Ordinance of
e City authorizing the Bonds, as originally executed or as
t may be supplemented or amended from time to time.
"Outstanding" when used with respect to Bonds
eans, as of the date of determination, all Bonds thereto -
ore executed, authenticated and delivered under this Ordi-
ance, except:
(i) Bonds theretofore cancelled by the
Bond Registrar or delivered to the Bond Reg-
istrar for cancellation; and
(ii) Bonds in exchange for or in lieu
of which other Bonds have been authenticated
and delivered pursuant to this Ordinance.
"Paying Agent" means the State Treasurer of Kansas
en acting in the capacity as paying agent for the payment
the principal of, premium, if any, and interest on the
nds and any successors thereto.
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"Person" means any individual, corporation, part-
ership, joint venture, association, joint-stock company,
rust, unincorporated organization or government or any
gency or political subdivision thereof.
"Project" means acquiring fire fighting equipment
be used by the fire department of the City.
"Registration Date" means the effective date of
gistration of a Bond as evidenced by the Bond Registrar in
e Certificate of Authentication appearing on the Bond.
"Regular Record Date" for the interest'payable on
ny Interest Payment Date means the 15th day (whether or not
business day) of the calendar month next preceding such
nterest Payment Date.
Section 2. Authorization of and Security for the
onds. The governing body of the City of Salina hereby au-
horizes and directs the issuance of the General Obligation
onds, Series F-230, of the City in the principal amount of
425,000 for the purpose of paying the cost of the Project.
The Bonds shall be general obligations of the
ity, payable as to both principal and interest from ad va-
lorem taxes which may be levied without limitation as to
ate or amount upon all the taxable tangible property within
he territorial limits of the City. The full faith, credit
nd resources of the City are hereby irrevocably pledged for
he payment of the Bonds and the interest thereon as the
ame become due.
Section 3. Description of the Bonds, Designation
f Paying Agent and Bond Registrar. The Bonds shall consist
f fully registered Bonds, without coupons, transferable to
ubsequent owners only in the Bond Register maintained by
he Bond Registrar as hereinafter provided. Each Bond shall
e in the denomination of $5,000 or any integral multiple
hereof not exceeding the principal amount of Bonds maturing
n the year in which such Bond becomes due, as specified by
he Holder of such Bond. The Bonds shall be numbered in a
anner determined by the Bond Registrar. The Bonds shall be
ated as of April 1, 1984, shall mature without option of
rior payment, and shall bear interest at the rates per
nnum, as follows:
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MATURITY
PRINCIPAL
INTEREST
DECEMBER 1
AMOUNT
RATE
1985
$25,000
7.80%
1986
35,000
7.80%
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The Bonds shall bear interest from the most recent
nterest Payment Date to which interest has been paid in
ull or, if no interest has been paid, from April 1, 1984.
nterest on the Bonds at the rates aforesaid shall be pay-
ble semiannually on April 1 and October 1 in each year, be -
inning April 1, 1985. The State Treasurer of Kansas,
opeka, Kansas, is hereby designated as the Paying Agent and
s the Bond Registrar for the Bonds.
Section 4. Method and Place of Payment of
rinci al 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
oin or currency of the United States of America as at the
time of payment is legal tender for the payment of public
d private debts. Payment of the interest on each Bond
all be made by the Paying Agent on each Interest Payment
Bate to the Person appearing as the Holder thereof in the
Bond Register at the close of business on the Regular Record
Bate next preceding said Interest Payment Date, by check or
raft mailed to such Holder at the Holder's address as it
pears in the Bond Register. The principal of each Bond
all be payable to the Holder thereof upon the presentation
f such Bond for payment and cancellation at its Maturity at
e principal office of the Payi-ng Agent.
Each Bond delivered under this Ordinance upon
ansfer of or in exchange for or in lieu of any other Bond
all carry the rights to interest accrued and unpaid, and
accrue, which were carried by such other Bond.
Section 5. Execution, Authentication and Delivery
the Bonds. The Bonds shall be executed on behalf of the
City by the facsimile signature of its Mayor and attested by
e facsimile signature of its City Clerk, and shall have
e seal of the City affixed thereto or imprinted thereon.
la the event any officer whose signature or facsimile there-
cE on any Bond shall cease to be such officer before
e delivery of such Bond, such signature or facsimile
ereof shall nevertheless be valid and sufficient for all
rposes, the same as if such person had remained in office
L-itil delivery. Any Bond may be executed by such persons as
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1987
35,000
7.80%
1988
40,000
7.800
1989
45,000
7.80%
1990
45,000
7,800
1991
50,000
7.90%
1992
50,000
8.15%
1993
50,000
8.40%
1994
50,000
8.60%
The Bonds shall bear interest from the most recent
nterest Payment Date to which interest has been paid in
ull or, if no interest has been paid, from April 1, 1984.
nterest on the Bonds at the rates aforesaid shall be pay-
ble semiannually on April 1 and October 1 in each year, be -
inning April 1, 1985. The State Treasurer of Kansas,
opeka, Kansas, is hereby designated as the Paying Agent and
s the Bond Registrar for the Bonds.
Section 4. Method and Place of Payment of
rinci al 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
oin or currency of the United States of America as at the
time of payment is legal tender for the payment of public
d private debts. Payment of the interest on each Bond
all be made by the Paying Agent on each Interest Payment
Bate to the Person appearing as the Holder thereof in the
Bond Register at the close of business on the Regular Record
Bate next preceding said Interest Payment Date, by check or
raft mailed to such Holder at the Holder's address as it
pears in the Bond Register. The principal of each Bond
all be payable to the Holder thereof upon the presentation
f such Bond for payment and cancellation at its Maturity at
e principal office of the Payi-ng Agent.
Each Bond delivered under this Ordinance upon
ansfer of or in exchange for or in lieu of any other Bond
all carry the rights to interest accrued and unpaid, and
accrue, which were carried by such other Bond.
Section 5. Execution, Authentication and Delivery
the Bonds. The Bonds shall be executed on behalf of the
City by the facsimile signature of its Mayor and attested by
e facsimile signature of its City Clerk, and shall have
e seal of the City affixed thereto or imprinted thereon.
la the event any officer whose signature or facsimile there-
cE on any Bond shall cease to be such officer before
e delivery of such Bond, such signature or facsimile
ereof shall nevertheless be valid and sufficient for all
rposes, the same as if such person had remained in office
L-itil delivery. Any Bond may be executed by such persons as
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No Bond shall be entitled to any security or bene-
fit under this Ordinance or shall be valid or obligatory for
any purpose unless and until such Certificate of Authentica-
tion shall have been duly executed by the Bond Registrar by
anual signature. Such executed Certificate of Authentica-
ion upon any Bond shall be conclusive evidence that such
and has been duly authenticated and delivered under this
rdinance and that such registered owner has been entered on
ecord in the Bond Register kept by the Bond Registrar. The
ertificate of Authentication shall be deemed to have been
m y executed if the Registration Date has been inserted and
f it has been signed by any authorized officer or employee
f the Bond Registrar, but it shall not be necessary that
he same officer or employee sign the Certificate of Authen-
ication on all of the Bonds that may be issued hereunder at
ny one time.
The Mayor and the City Clerk are hereby authorized
nd directed to prepare and execute the Bonds in the manner
ereinbefore specified, the City Clerk is hereby authorized
nd directed to register the Bonds, and the Mayor and the
ity Clerk are hereby authorized and directed to cause the
onds to be registered in the office of the State Treasurer
f Kansas as provided by law, and when the Bonds have been
uly registered with the Bond Registrar, to deliver the
onds to The First Securities Company of Kansas, Inc., Wichita,
ansas, upon the payment of the aggregate principal amount of the
onds plus accLueu 1"LeLC—z to the ante of payment and delivery,
ogether with any premium.
Section 6. Registration, Transfer and Exchange of
t the actual time of the
execution of such Bond
shall be
ity shall
he proper officers to sign
such Bond although at
the origi-
al office
nal date of such Bond such
persons may not have
been such
ransfers
officers.
be fully registered
s to both
The Bonds shall
have endorsed thereon
a Cer-
rs in the
ificate of Authentication
substantially in the
form herein-
earer.
fter set forth and which
shall have the date of
registra-
ion inserted and shall be
manually executed by
the Bond
egistrar.
No Bond shall be entitled to any security or bene-
fit under this Ordinance or shall be valid or obligatory for
any purpose unless and until such Certificate of Authentica-
tion shall have been duly executed by the Bond Registrar by
anual signature. Such executed Certificate of Authentica-
ion upon any Bond shall be conclusive evidence that such
and has been duly authenticated and delivered under this
rdinance and that such registered owner has been entered on
ecord in the Bond Register kept by the Bond Registrar. The
ertificate of Authentication shall be deemed to have been
m y executed if the Registration Date has been inserted and
f it has been signed by any authorized officer or employee
f the Bond Registrar, but it shall not be necessary that
he same officer or employee sign the Certificate of Authen-
ication on all of the Bonds that may be issued hereunder at
ny one time.
The Mayor and the City Clerk are hereby authorized
nd directed to prepare and execute the Bonds in the manner
ereinbefore specified, the City Clerk is hereby authorized
nd directed to register the Bonds, and the Mayor and the
ity Clerk are hereby authorized and directed to cause the
onds to be registered in the office of the State Treasurer
f Kansas as provided by law, and when the Bonds have been
uly registered with the Bond Registrar, to deliver the
onds to The First Securities Company of Kansas, Inc., Wichita,
ansas, upon the payment of the aggregate principal amount of the
onds plus accLueu 1"LeLC—z to the ante of payment and delivery,
ogether with any premium.
Section 6. Registration, Transfer and Exchange of
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onds. So
long as any of the Bonds remain outstanding, the
ity shall
cause the Bond Register to be
kept at the princi-
al office
of the Bond Registrar and all
of the Bonds and
ransfers
and or exchanges thereof shall
be fully registered
s to both
principal and interest in the
names of the Hold-
rs in the
Bond Register and shall not be
registered to
earer.
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Bonds may be transferred in the Bond Register only
pon surrender thereof to the Bond Registrar duly endorsed
or transfer or accompanied by a written instrument of
Iransfer duly executed by the Holder thereof or his attorney
r legal representative in such form as shall be satisfacto-
y to the Bond Registrar. Upon any such transfer, the City
hall execute and the Bond Registrar shall authenticate and
eliver in exchange for such Bond a new Bond or Bonds, reg-
stered in the name of the transferee, of any denomination
r denominations authorized by this Ordinance in an aggre-
ate principal amount equal to the principal amount of such
ond, of the same Maturity and bearing interest at the same
ate.
Bonds, upon surrender thereof at the principal of -
ice of the Bond Registrar, together with a written instru-
ent of transfer duly executed by the Holder thereof or his
ttorney or legal representative in such form as shall be
atisfactory to the Bond Registrar, may, at the option of
he Holder thereof, be exchanged for an equal aggregate
rincipal amount of Bonds of the same Maturity, of any de-
omination or denominations authorized by this Ordinance,
nd bearing interest at the same rate.
In all cases in which Bonds shall be exchanged or
ransferred hereunder, the City shall execute and the Bond
egistrar shall authenticate and deliver at the earliest
practicable time Bonds in accordance with the provisions of
his Ordinance. All Bonds surrendered in any such exchange
r transfer shall forthwith be cancelled by the Bond Regis-
trar. No service charge shall be made to any Bondholder for
registration, transfer or exchange of Bonds, but the City or
he Bond Registrar may make a charge for every transfer or
xchange of Bonds sufficient to reimburse it or them for any
ax or other governmental charge required to be paid with
respect to such transfer or exchange, and such charges shall
e paid before any such transfer or exchange shall be com-
leted.
The City and the Bond Registrar shall not be
equired to transfer or exchange any Bond beginning on the
ay following the Regular Record Date and ending at the
lose of business on each Interest Payment Date.
Section 7. Persons Deemed Owners of Bonds. The
Ierson in whose name any Bond shall be registered shall be
eemed and regarded by the City, the Bond Registrar and the
aying Agent as the absolute owner thereof, whether such
and shall be overdue or not, for the purpose of receiving
.ayment therefor or on account thereof and for all purposes,
d neither the City, the Bond Registrar nor the Paying
Agent shall be affected by notice to the contrary. Payment
f or on account of the principal of and interest on any
and shall be made only to or upon the order of the Holder
hereof or his legal representative. All such payments
hall be valid and effectual to satisfy and discharge the
iability upon such Bond, including the interest thereon, to
he extent of the sum or sums so paid.
Section S. Mutilated, Lost, Stolen or Destroyed
onds. In the event any Bond shall become mutilated, or be
ost, stolen or destroyed, the City shall, if necessary, ex -
cute and the Bond Registrar shall authenticate and shall
eliver a new Bond of like date and tenor as the Bond muti-
ated, lost, stolen or destroyed; provided that, in the case
f any mutilated Bond, such mutilated Bond shall first be
urrendered to the Bond Registrar, and in the case of any
ost, stolen or destroyed Bond, if the requirements of
.S.A. 84-8-405 are met and if an indemnity bond and affida-
it of loss are provided to the Bond Registrar and the City
t the expense of the Holder. Such indemnity bond and affi-
avit of loss must be sufficient, in the judgment of the
and Registrar and the City, to protect the Bond Registrar
nd the City from any loss which either of them might suffer
f the Bond is replaced. In the event any such Bond shall
ave matured, instead of issuing a substitute Bond the City
ay pay or authorize the payment of the same without surren-
er thereof. Upon the issuance of any substitute Bond, the
ity and the Bond Registrar may require the payment of an
mount sufficient to reimburse the City and the Bond Regis-
rar for any tax or other governmental charge that may be
mposed in relation thereto and any other reasonable fees
nd expenses incurred in connection therewith. The provi-
ions of this Section are exclusive and shall preclude (to
he extent lawful) all other rights and remedies with re-
pect to the replacement or payment of mutilated, lost,
tolen or destroyed Bonds.
Section 9. Cancellation and Destruction of Bonds
pon Payment. All Bonds surrendered for payment, transfer
r exchange shall be delivered to the Bond Registrar and, if
of already cancelled, the Bond Registrar shall cancel such
onds and record such cancellation in the Bond Register.
hereafter, such cancelled Bonds shall be delivered to the
ity.
Section 10. Form of Bonds. The Bonds and the
and Registrar's Certificate of Authentication to be
ndorsed thereon shall be in substantially the form set
orth in this Section. The Bonds may have endorsed thereon
uch legends or text as may be necessary or appropriate to
onform to any applicable rules and regulations of any
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1
1
overnmental authority or any custom, usage or requirement
f law with respect thereto.
GISTERED
NUMBER
terest
Rate
UNITED STATED OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
GENERAL OBLIGATION BOND
SERIES F-230
Maturity
Date
Per Annum
ISTERED HOLDER:
Bond
Date
April 1, 1984
REGISTERED
S
CUSIP
PLOYER IDENTIFICATION NUMBER OR SOCIAL SECURITY NUMBER:
INCIPAL AMOUNT: DOLLARS
IM
The City of Salina, in the County of Saline, State
f Kansas (herein called the "City"), for value received,
hereby promises to pay to the Registered Holder identified
bove, or registered assigns, on the Maturity Date identi-
fied above, the Principal Amount identified above and to pay
interest thereon at the Interest Rate specified above from
he most recent Interest Payment Date to which interest has
een paid in full or, if no interest has been paid, from
pril 1, 1984, semiannually on April 1 and October 1 in each
ear, beginning April 1, 1985.
Interest on this Bond will be paid by check or
raft mailed to the person in whose name this Bond (or one
Dr more predecessor Bonds) is registered in the Bond Regis-
ter maintained by the Bond Registrar at the close of busi-
ess on the fifteenth day of the month next preceding each
interest payment date (the Regular Record Date). Interest
of punctually paid will be paid as otherwise provided in
he ordinance authorizing this Bond (the "Ordinance"). The
rincipal Amount of this Bond shall be payable to the Regis-
ered Holder upon presentation and surrender hereof at the
rincipal office of the State Treasurer of Kansas, in the
ity of Topeka, Kansas. The full faith, credit and re-
sources of the City are hereby irrevocably pledged for the
rompt payment of the principal of and interest on this Bond
s the same become due. The principal of and interest (com-
uted on the basis of a 360 -day year of twelve 30 -day
onths) on this Bond are payable in such coin or currency of
he United States of America as at the time of payment is
egal tender for payment of public and private debts.
REFERENCE IS MADE TO THE FURTHER PROVISIONS OF
HIS BOND SET FORTH ON THE REVERSE HEREOF. SUCH PROVISIONS
HALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH
THIS BOND shall not be valid or become obligatory
or any purpose or be entitled to any security or benefit
nder the Ordinance until the Certificate of Authentication
ereon shall have been dated and executed by the Bond Regis-
rar.
IT IS HEREBY DECLARED AND CERTIFIED that all acts,
onditions and things required to be done and to exist
Precedent to and in the issuance of this Bond have been done
nd performed and do exist in due and regular form and man-
or as required by the constitution and laws of the State of
ansas, and that the total indebtedness of the City, in-
luding this Bond and the series of which it is one, does
of exceed any constitutional or statutory limitation.
IN WITNESS WHEREOF, the governing body of the City
f Salina, Kansas, has caused this Bond to be signed by fac-
simile signature of its Mayor and attested by facsimile
ignature of its City Clerk, the City's corporate seal to be
rinted hereon and this Bond to be dated April 1, 1984.
TTEST:
CITY OF SALINA, KANSAS
By
City Clerk
Mayor
Registration No. 0322-085-040184-127
ERTIFICATE OF AUTHENTICATION
EGISTRATION DATE:
This Bond is one of the Bonds described in the
ithin mentioned Ordinance.
OFFICE OF THE STATE TREASURER OF KANSAS
Bond Registrar
By
and Registrar and
aying Agent: STATE TREASURER
OF KANSAS
[ON REVERSE SIDE]
THIS BOND is one of an authorized series of fully
egistered bonds of the City designated "General Obligation
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onds, Series F-230", aggregating the principal amount of
425,000 (the "Bonds"), issued by the City for the purpose
Df providing funds to pay the cost of acquiring fire
ighting equipment to be used by the fire department of 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. 12-110(c),
nd all laws amendatory thereof and supplemental thereto,
nd pursuant to ordinances duly passed and proceedings duly
nd legally had by the governing body of the City.
THE BONDS are general obligations of the City,
ayable as to principal and interest from ad valorem taxes
hich may be levied without limitation as to rate or amount
pon all taxable tangible property within the territorial
imits of the City.
THIS BOND is transferable only in the Bond Regis-
er at the office of the Bond Registrar upon surrender of
his Bond to the Bond Registrar duly endorsed for transfer
r accompanied by a written instrument of transfer satisfac-
tory to the Bond Registrar duly executed by the Registered
older hereof or his attorney or legal representative, and
hereupon a new Bond or Bonds in the same aggregate princi-
al amount shall be issued to the transferee in exchange
herefor, subject to the conditions as provided in the Ordi-
ance. The Bonds for each maturity are issuable only in the
orm of fully registered Bonds without coupons in the denom-
nation of $5,000 or any integral multiple thereof. The
egistered Holder of any Bond or Bonds may surrender the
ame in exchange for an equal aggregate principal amount of
onds of any authorized denomination in the manner and sub-
ect to the conditions as provided in the Ordinance. No
ervice charge shall be made for any such transfer or ex-
hange, but, prior to any transfer or exchange, the Regis-
ered Holder hereof shall pay to the City or the Bond Regis-
rar an amount sufficient to reimburse it or them for any
ax or other governmental charge required to be paid with
espect to such transfer or exchange. The City, the Bond
egistrar and the Paying Agent may deem and treat the person
n whose name this Bond is registered as the absolute owner
ereof for the purpose of receiving payment of, or on ac-
ount of, the principal hereof and interest due hereon and
or all other purposes.
The following abbreviations, when used in the in-
cription on the face of the within Bond, shall be construed
s though they were written out in full according to appli-
able laws or regulations.
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EN COM -as tenants in common UNIF GIFT MIN ACT- Custodian
N ENT -as tenants by the entireties (Cust) (Minor)
T TEN -as joint tenants with right of under Uniform Gifts to
survivorship and not as tenants Minors Act
in common (State)
Additional abbreviations may also be
used though not in the list above
(FORM OF ASSIGNMENT)
FOR VALUE RECEIVED the undersigned does (do)
reby sell, assign and transfer to
(Name and Address)
(Social Security or Taxpayer
Identifying No.)
he bond to which this assignment is affixed in the out-
standing principal amount of $ , standing in the
name of the undersigned on the books of the State Treasurer.
he undersigned does (do) hereby revocably constitute and
appoint attorney to transfer the said
bond, on the books of said State Treasurer, with full power
f substitution in the premises.
Dated
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)
TATE OF KANSAS )
) SS.
OUNTy OF SALINE )
I, D.L. Harrison, City Clerk of the City of
alina, Kansas, do hereby certify that this Bond has been
my registered in my office on , 19
SEAL]
1
1
WITNESS my hand and official seal.
City Clerk
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(FORM OF STATE TREASURER'S CERTIFICATE)
OFFICE OF THE STATE TREASURER OF KANSAS
I, JOAN FINNEY, Treasurer of the State of Kansas,
hereby certify that a transcript of the proceedings lead -
g up to the issuance of this Bond has been filed in my of-
ce and that this Bond was registered in my office
cording to law on , 19
WITNESS my hand and official seal.
JOAN FINNEY
State Treasurer of Kansas
[ EAL]
------------------------------------------------------------
Section 11. Disposition of Bond Proceeds. All
a crued interest and premium, if any, received from the sale
oir the Bonds shall be deposited in the general obligation
b nd fund held by the City Treasurer for the retirement of
b nds of the City.
The remaining balance of the proceeds derived from
t e sale of the Bonds shall be deposited in a fund held by
t e City Treasurer and shall be used solely for the purpose
of paying the cost of the Project as hereinbefore provided.
Section 12. Levy and Collection of Annual Taxes.
T e governing body of the City shall annually make provision
f r the payment of the principal of and interest on the
B nds as the same become due by levying and collecting the
n cessary taxes therefor in the manner provided by law.
Section 13. Transfer of Funds to Paying Agent and
t e Bond Registrar. The City Treasurer is hereby authorized
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a
d directed to withdraw from
the general obligation bond
f
nd and forward to the Paying
Agent sums sufficient to pay
t
e_principal of and interest
on the Bonds as and when the
s
me become due and to pay the
charges of the Paying Agent
f
r acting as paying agent in
the payment of principal and
i
terest. In addition, the City
Treasurer is hereby autho-
r4.zed
and directed to withdraw
from the general obligation
b
nd fund and forward to the Bond
Registrar sums sufficient
t
r
pay the charges of the Bond
gistrar. Sums sufficient to
Registrar for acting as bond
pay said charges shall be
f
rwarded to the Paying Agent
and Bond Registrar over and
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ove the amount of the principal of and interest on the
inds.
Section 14. Authorization of Agreement Between
e City and the Bond Registrar. The Agreement between the
ty and the State Treasurer of Kansas, in substantially the
rm attached hereto, with respect to the duties of the
ate Treasurer as Bond Registrar is in all respects hereby
proved, authorized and confirmed and the Mayor and City
erk are hereby authorized and directed to execute said
reement for and on behalf of the City.
Section 15. Effective Date. This Ordinance shall
ke effect and be in full force from and after its publica-
on in the official City newspaper.
PASSED by the governing body of the City of Salina
is 12th day of March , 1984.
EAL)
TEST:
City Clerk
L�
Mayor
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