80-8793 GO Bonds B-225ORDINANCE NUMBER 80 -
(Published in The Salina Journal ffI44 2,3 1980)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF BRIDGE IMPROVEMENT BONDS,
SERIES B-225, OF THE CITY OF SALINA, KANSAS, IN THE AGGREGATE AMOUNT OF
$250,000.00 TO PAY THE COST OF BRIDGE IMPROVEMENTS IN SAID CITY.
WHEREAS, the Governing Body of the City of Salina, Kansas, has
heretofore determined that it is necessary, expedient and in the public interest
to make certain bridge improvements in said City, and
WHEREAS, all legal requirements have been complied with including a
determination of the cost of said improvements by the City Engineer which is on
file in the Office of the City Clerk, and
WHEREAS, it has been further determined that there is no cash available
for said improvements and it is necessary, expedient and in the public interest
to issue General Obligation Bonds in the amount of $250,000.00, pursuant to the
authority of Charter Ordinance Number 13 of the City of Salina, Kansas, SO NOW,
THEREFORE,
BE IT ORDAINED by the Board of Commissioners of the City of Salina,
Kansas:
Section 1. That the City of Salina, Kansas, is authorized to issue up
to $250,000 principal amount of General Obligation Bonds in any calendar year
for improvements pursuant to the authority of Charter Ordinance Number 13 of the
City of Salina, Kansas, and no such bonds or temporary notes have been issued
pursuant to said authority during the year 1980.
Section 2. There is hereby authorized the issuance of $250,000.00
principal amount of General Obligation Bonds, Series B-225. Said bonds shall be
dated June 1, 1980, shall consist of 50 bonds numbered 1 to 50, inclusive, shall
be in the denomination of $5,000.00 each and shall become due in the amount of
$25,000 on December 1 in each of the years 1981 to 1990, inclusive, and shall
bear interest as follows: Bonds numbered 1 to 15, inclusive, shall bear interest
at the rate of 6.75 percent per annum; bonds numbered 16 to 30, inclusive, shall
bear interest at the rate of 5.70 percent per annum; bonds numbered 31 to 35,
inclusive, shall bear interest at the rate of 5.75 percent per annum; bonds
numbered 36 to 40, inclusive, shall bear interest at the rate of 5.80 percent
per annum; bonds numbered 41 to 50, 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 5
$5,000.00
$25,000.00
December
1, 1981
6 to 10
5,000.00
25,000.00
December
1, 1982
11 to 15
5,000.00
25,000.00
December
1, 1983
16 to 20
5,000.00
25,000.00
December
1, 1984
21 to 25
5,000.00
25,000.00
December
1, 1985
26 to 30
5,000.00
25,000.00
December
1, 1986
31 to 35
5,000.00
25,000.00
December
1, 1987
36 to 40
5,000.00
25,000.00
December
1, 1988
41 to 45
5,000.00
25,000.00
December
1, 1989
46 to 50
5,000.00
25,000.00
December
1, 1990
Section 3. 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 registered
in the Office
of the City Clerk
and in the Office of
the State Treasurer, as required
by law.
Section 4. Said
bonds shall be
designated as Series
B-225
and shall
be in the form and shall contain
recitals
substantially as
follows, to -wit:
fl
No.
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
BRIDGE IMPROVEMENT BONDS
SERIES B-225
$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 ( i) per annum
payable June 1, 1981 and thereafter semi-annually June I and December 1, in each
year, until said principal shall have been paid, 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 50 bonds of like date, denomination
and tenor, excepting number, interest rate and maturity, aggregating the principal
sum of $250,000.00, issued by the City of Salina, Kansas, for the purpose of
providing funds to pay the cost of certain bridge improvements in said City,
pursuant to the authority of, and in full compliance with the Constitution and
laws of the State of Kansas, including K.S.A. 10-101 to 10-127 and amendments
thereto, all other laws of said State applicable thereto, and Charter Ordinance
Number 13 of the City of Salina, Kansas, and this bond and all other bonds of
said series, and all interest thereon are to be paid by said 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 )
1, D. L. Harrison, City Clerk of the City of Salina, Kansas, hereby
certify that the within Bridge Improvement Bond, Series B-225, 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 )
I, 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, lq )
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, lq ,
Office of the State
Treasurer,
Topeka, Kansas, being )
six months interest
on its
Bridge Improvement Bond )
Series B-225, Dated
June 1,
1880, Pio.
————— — — — — ——
City of Salina,
Kansas
(facsimile) )
Mayor )___________
Attest:
)
(facsimile)
)
$
City Clerk
)
CITY CLERK'S CERTIFICATE
STATE OF KANSAS )
) SS
COUNTY OF SALINE )
1, D. L. Harrison, City Clerk of the City of Salina, Kansas, hereby
certify that the within Bridge Improvement Bond, Series B-225, 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 )
I, 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
Section 5. The Mayor and City Clerk are hereby authorized and directed
to prepare and execute the bonds hereinbefore described and to procure the
proper registration thereof and to deliver said bonds to the purchaser or
purchasers thereof on payment of the purchase price therefor. 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 bridge improvements in said
City, pursuant to the authority of Charter Ordinance 13 of the City of Salina,
Kansas.
Section 6. The full faith, credit and resources of the City of Salina,
Kansas, shall be, and the same are hereby pledged for the prompt payment of said
bonds, and all interest thereon, as the same mature. The governing body of the
City of Salina, Kansas, shall annually make provisions for the payment of the
principal and interest of said bonds as the same become due by levying and
collecting the necessary taxes therefor, in the manner provided by law.
Section 7. This ordinance shall be in full force and effect from and
after its adoption and publication once in the official city newspaper.
1
(SEAL)
ATTEST:
1
D. L. Harrison, City Clerk
Introduced: May 12, 1980
Passed: May 19, 1980
i
Dan S. Geis, Mayor