80-8792 GO Bonds P-224ORDINANCE NUMBER 80-8792
(Published in The Salina Journal rY-VAkt. 23 , 1980)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INTERNAL IMPROVEMENT BONDS OF
THE CITY OF SALINA, KANSAS, IN THE SUM OF $1,450,000.00, TO PAY THE COST OF
CURBING, GUTTERING, PAVING, GRADING, SANITARY SEWER, STORM SEWER, WATER MAIN AND
SERVICE IMPROVEMENTS IN THE CITY, TO BE DESIGNATED AS SERIES P-224.
WHEREAS, the cost of curbing, guttering, paving, grading, and sanitary
sewer improvements authorized by Resolution Numbers 3384 and 3385, and Ordinance
Number 8762, has been determined to be $164,563.62; and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services, sanitary sewer and storm drainage improvements authorized by
Resolution Numbers 3359 and 3360, and Ordinance Number 8759, has been determined
to be $319,104.17; and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and sanitary sewer improvements, authorized by Resolution Numbers 3364 and 3365,
and Ordinance Number 8763, has been determined to be $157,289.99; and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services and sanitary sewer improvements authorized by Resolution Numbers
3373 and 3376, and Ordinance Number 8764, has been determined to be $315,396.74;
and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services, sanitary sewer and storm sewer improvements authorized by Resolution
Numbers 3407 and 3408 and Ordinance Number 80-8781, has been determined to be
$580,834.72; and
WHEREAS, the cost of water main improvements authorized by Resolution
Numbers 3409 and 3412, and Ordinance Number 80-8776, has been determined to be
$284,362.05; and
WHEREAS, the cost of curbing, guttering, paving, grading, sanitary
sewer, storm drainage, water main improvements authorized by Resolution Numbers
3435 and 3437, and Ordinance Number 80-8777, has been determined to be $210,525.31
and
WHEREAS, the total cost of curbing, guttering, paving, grading, sanitary
sewer, storm sewer, water main and service improvements has been ascertained and
the portion thereof, in the amount of $404,400.78, less $219,356.10 paid by the
Water and Sewerage Fund leaving a balance of $185,044.68 to be apportioned to
the City -at -large to be paid by general taxes to be levied upon all taxable
property within the City for the improvement of squares and areas formed by the
crossing of streets and alleys for the improvement of any of said streets, where
the same is through or adjacent to property of the City for which the City is
liable, for which bonds are to be issued; and
WHEREAS, the total cost of curbing, guttering, paving, grading, sanita
sewer, storm sewer, water main and services improvements, which are to be paid
by special assessments and to be levied upon lots and pieces of ground for the
payment of said streets and grading in said streets, and sewers and water mains,
has been ascertained and has been hereby found and determined to be the sum of
$1,627,675.82, less $353,419.76 which has been paid by petitioners as required
by Resolution Numbers 3113 and 3119, leaving a balance of $1,274,256.06 which
amount has been heretofore duly assessed and apportioned to the several lots and
pieces of ground liable therefor according to law provided for in ordinances of
the City of Salina, Kansas, relating thereto, duly passed and approved, of which
amount the sum of $9,300.74 has been duly paid by the property owners liable
therefor, leaving a balance of $1,264,955.32, for which bonds are to be issued;
and
WHEREAS, bonds in the aggregate amount of $1,450,000.00 are to be
issued to pay the actual cost thereof, SO NOW, THEREFORE
BE IT ORDAINED by the Board of Commissioners of the City of Salina,
Kansas:
Section 1. That the foregoing preambles be and they are hereby adopted
as a part of this ordinance and that for the purpose of providing funds to pay
the cost of improvements hereinabove referred to and described in the
ordinances
and resolutions of said City as hereinbefore referred to, there shall
be issued
Internal Improvement Bonds of the City of Salina, Kansas, in the total
principal
sum of $1,450,000.00 which shall consist of 290 bonds numbered I to 290,
inclusive
all dated June 1, 1980, shall bear interest as follows: bonds numbered
1 to 87,
inclusive, shall bear interest at the rate of 6.75 percent per annum;
bonds
numbered 88 to 174, inclusive, shall bear interest at the rate of 5.70
percent
per annum; bonds numbered 175 to 203, inclusive, shall bear interest at
the rate
of 5.75 percent per annum; bonds numbered 204 to 232, inclusive, shall
bear
interest at the rate of 5.80 percent per annum; bonds numbered 233 to
290,
inclusive, shall bear interest at the rate of 5.90 percent per annum from
and
after said date until the respective maturities of said bonds, payable
June 1,
1981 and thereafter semi-annually on June 1 and December 1, each year,
said
interest to be evidenced by interest coupons as hereinafter provided.
Both the
principal of and interest on said bonds shall be payable at the Office
of the
State Treasurer of the State of Kansas, in the City of Topeka, Kansas,
and said
bonds shall become due as follows:
BOND NUMBERS DENOMINATION AMOUNT MATURITY
1 to 29 $5,000.00 $145,000.00 December 1,
1981
30 to 58 5,000.00 145,000.00 December 1,
1982
59 to 87 5,000.00 145,000.00 December 1,
1983
88 to 116 5,000.00 145,000.00 December 1,
1984
117 to 145 5,000.00 145,000.00 December 1,
1985
146 to 174 5,000.00 145,000.00 December 1,
1986
175 to 203 5,000.00 145,000.00 December 1,
1987
204 to 232 5,000.00 145,000.00 December 1,
1988
233 to 261 5,000.00 145,000.00 December 1,
1989
262 to 290 5,000.00 145,000.00 December 1,
1990
Section 2. Said bonds shall be executed for and on behalf of the City
by the facsimile signature of the Mayor and the facsimile signature of the City
Clerk and the corporate seal of the City shall be affixed thereto or imprinted
thereon. Said bonds shall have interest coupons attached thereto representing
the interest on said bonds, and said interest coupons shall bear the facsimile
signatures of the Mayor and City Clerk of said City, and said bonds and interest
coupons shall be regiatered in the Office of the City Clerk and in the Office of
the State Treasurer, as required by law.
Section 3. Said bonds shall be designated as Series P-224 and shall
be in the form and shall contain recitals substantially as follows, to -wit:
1
1
1
No.
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
SERIES P-224
$5,000.00
KNOW ALL MEN BY THESE PRESENTS that the City of Salina, in the County
of Saline, State of Kansas, acknowledges itself to be indebted, and for value
received hereby promises to pay to the bearer, on the first day of December,
19_, the principal sum of
FIVE THOUSAND DOLLARS
in lawful money of the United States of America, with interest thereon from the
date hereof at the rate of percent ( °o) per annum
payable June 1, 1981 and thereafter semi-annually June 1 and December 1, in each
year, upon presentation and surrender of the interest coupons hereto attached,
as said coupons severally become due, both principal of and interest on this
bond being payable at the Office of the State Treasurer of the State of Kansas
in the City of Topeka, Kansas and said City of Salina, Kansas, is held and
firmly bound by these presents, and the full faith, credit and resources of said
city are hereby irrevocably pledged for the prompt payment of said principal and
interest at maturity.
This bond is one of a series of 290 bonds of like date, denomination
and tenor, excepting number, interest rate and maturity, aggregating the principal
sum of $1,450,000.00, issued by the City of Salina, Kansas, for the purpose of
paying the cost of constructing certain curbing, guttering, paving, grading,
sanitary sewer, storm sewer, water main and service improvements in said city 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
K.S.A. 10-101 to 10-127; 12-601 to 12-608; 12-617 to 12-620; 12-626 to 12-629;
13-1011; 13-1017; and 12-6a01 to 12-6al8 and amendments thereto, and all other
provisions of the laws of said State applicable thereto, and this bond and all
other bonds of this series, and all interest thereon are to be paid by the City
of Salina, Kansas.
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 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 Statutes of the State of Kansas,
and that the total indebtedness of said City, including this series of bonds,
does not exceed any constitutional or statutory limitation.
IN WITNESS WHEREOF, the said City of Salina, in the State of Kansas,
has executed this bond by causing it to be signed by the Mayor and its corporate
seal to be hereto affixed, attested by the signature of its City Clerk and the
coupons hereto attached to be signed with the facsimile signatures of said
officers, and this bond to be dated the first day of June, 1980.
ATTEST:
City Clerk
Mayor
(Form of Coupon)
CITY CLERK'S CERTIFICATE
STATE OF KANSAS )
) SS
COUNTY OF SALINE )
I, D. L. Harrison, City Clerk of the City of Salina, Kansas, hereby
certify that the within Internal Improvement Bond, Series P-224, of the City of
Salina, Kansas, was duly registered in my office according to law on
WITNESS my hand and official seal.
City Clerk
STATE TREASURER'S CERTIFICATE
STATE OF KANSAS )
) SS
COUNTY OF SHAWNEE )
1, Joan Finney, Treasurer of the State of Kansas, do hereby certify
that a full and complete transcript of the proceedings leading up to the issuance
of the within bond has been filed in my office, and that this bond and the
coupons attached thereto, were registered in my office according to law on
WITNESS my hand and official seal.
State Treasurer of Kansas
By:
Assistant State Treasurer
June,
No. On the
first
day of December, 19 )
the
City of
Salina, Saline County, Kansas)
will
pay to
the bearer, the sum of )
June 1,
Dollars
and cents)
lawful money of the
United
States of America at the )
December 1, 19 ,
Office of the State
Treasurer,
Topeka, Kansas, being )
six months interest
on its
Internal Improvement Bond )_
Series P-224,Dated
June 1,
1980, No. )
--——— — — — — ——
City of Salina,
Kansas
(facsimile) )
Mayor )
Attest:
)-----------
(facsimile)
)
City Clerk
)
CITY CLERK'S CERTIFICATE
STATE OF KANSAS )
) SS
COUNTY OF SALINE )
I, D. L. Harrison, City Clerk of the City of Salina, Kansas, hereby
certify that the within Internal Improvement Bond, Series P-224, of the City of
Salina, Kansas, was duly registered in my office according to law on
WITNESS my hand and official seal.
City Clerk
STATE TREASURER'S CERTIFICATE
STATE OF KANSAS )
) SS
COUNTY OF SHAWNEE )
1, Joan Finney, Treasurer of the State of Kansas, do hereby certify
that a full and complete transcript of the proceedings leading up to the issuance
of the within bond has been filed in my office, and that this bond and the
coupons attached thereto, were registered in my office according to law on
WITNESS my hand and official seal.
State Treasurer of Kansas
By:
Assistant State Treasurer
1
Section 4. The Mayor and City Clerk are hereby authorized and directed
to prepare and execute the bonds hereinbefore described and when duly registered
to deliver said bonds to the purchaser or purchasers thereof. The proceeds of
said bonds shall be placed in the City Treasury and shall be applied solely for
the purpose of providing funds to pay the cost of the improvements hereinbefore
described.
Section 5. The full faith, credit and resources of the City of Salina,
Kansas, shall be, and the same are hereby irrevocably pledged for the prompt
payment of said bonds and all interest thereon, as the same mature. The governin
body of the City of Salina, Kansas, shall annually make provisions for the
payment of the principal and interest of said bonds as they severally become due
by levying taxes and assessments on property liable therefor, as provided by
law.
Section 6. This ordinance shall be in full force and effect from and
after its adoption and publication once in the official city newspaper.
(SEAL)
ATTEST:
D. L. Harrison, City Clerk
Introduced: May 12, 1980
Passed: May 19, 1980
2"'Ilc
Dan S. Geis, Mayor