8714 GO Bonds P-222ORDINANCE NUMBER 8714
(Published in The Salina Journal M(A\30 1979) I
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INTERNAL IMPROVEMENT BONDS OF
THE CITY OF SALINA, KANSAS, IN THE SUM OF $1,286,000.00, TO PAY THE COST OF
CURBING, GUTTERING, PAVING, GRADING, SANITARY SEWER, STORM SE14ER, WATER MAIN,
SEWAGE PUMP STATION AND FORCE MAIN IMPROVEMENTS IPJ THE CITY, TO BE DESIGNATED AS
SERIES P-222.
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services, and sanitary sewer improvements, as per Resolution Numbers 3308
and 3309, and Ordinance Number 8690, has been determined to be $366,008.57; and
WHEREAS, the cost of water main and services, main sanitary sewer and
pump station and sanitary sewer improvements, as per Resolution Numbers 3331 and
3335, and Ordinance Number 8665, has been determined to be $162,415.44; and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services and sanitary sewer improvements, as per Resolution Numbers 3329 and
3330, and Ordinance Number 8686, has been determined to be $489,017.01; and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services, and sanitary sewer improvements, as per Resolution Numbers 3332
and 3336, and Ordinance Number 8687, has been determined to be $103,806.02; and
WHEREAS, the cost of curbing, guttering, paving and grading, water
main and service lines and sanitary sewer improvements, as per Resolution Numbers
3344 and 3345, and Ordinance Number 8669, has been determined to be $182,776.59;
and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services, and sanitary sewer improvements, as per Resolution Numbers 3355
and 3358, and Ordinance Number 8691, has been determined to be $150,918.39; and
WHEREAS, the cost of curbing, guttering, paving, grading, storm sewer,
water main, sanitary sewer and sewage pump station and force main improvements,
as per Resolution Numbers 3366 and 3368, and Ordinance Number 8705, has been
determined to be $330,765.79; and
WHEREAS, the cost of water main and service line improvements, as per
Resolution Numbers 3388 and 3389, and Ordinance Number 8706, has been determined
to be $14,317.17; and
WHEREAS, the total cost of curbing, guttering, paving, grading, sanitary
sewer, storm sewer, water main, sewage pump station and force main improvements
has been ascertained and the portion thereof, in the amount of $170,003.97 is to
be apportioned to the City -at -large to be paid by general taxes to be levied
upon all taxable property within the said 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,
sanitary sewer, storm sewer, water main, sewage pump station and force main
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 $1,630,021.01, less $509,864.58 which has
been paid by petitioners as required by Resolution Numbers 3113 and 3119 leaving
a balance of $1,120,156.43, 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 $4,160.40 has been duly
paid by the property owners liable therefor, leaving a balance of $1,115,996.03,
for which bonds are to be issued; and
WHEREAS, bonds in the aggregate amount of $1,286,000.00 are to be
issued to pay the actual cost thereof, SO NOW, THEREFORE
BE IT ORDAINED by the Governing Body 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 $1,286,000.00 which shall consist of 258 bonds numbered 1 to 258,
inclusive, all dated June 1, 1979, shall bear interest as follows: bonds numbered
1 to 102, inclusive, shall bear interest at the rate of 6 percent per annum;
bonds numbered 103 to 128, inclusive, shall bear interest at the rate of 5.75
percent per annum; bonds numbered 129 to 154, inclusive, shall bear interest at
the rate of 5.375 percent per annum; bonds numbered 155 to 258, inclusive, shall
bear interest at the rate of 5.40 percent per annum from and after said date
until the respective maturities of said bonds, payable June 1, 1980 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 $1,000.00 $ 1,000.00 December 1, 1980
2 to 24 5,000.00 115,000.00 December 1, 1980
25 to 50 5,000.00 130,000.00 December 1, 1981
51 to 76 5,000.00 130,000.00 December 1, 1982
77 to 102 5,000.00 130,000.00 December 1, 1983
103 to 128 5,000.00 130,000.00 December 1, 1984
129 to 154 5,000.00 130,000.00 December 1, 1985
155 to 180 5,000.00 130,000.00 December 1, 1986
181 to 206 5,000.00 130,000.00 December 1, 1987
207 to 232 5,000.00 130,000.00 December 1, 1988
233 to 258 5,000.00 130,000.00 December 1, 1989
Section 2. Said bonds shall be executed by the Mayor and shall be
attested by the signature of the City Clerk and the corporate seal of the city
shall be affixed thereto. Said bonds shall have interest coupons attached
thereto representing the interest thereon, and said interest coupons shall be in
the form provided by law and shall bear the printed or lithographed 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 3. Said bonds shall be designated as Series P-222 and shall
Pe in the form and shall contain recitals substantially as follows, to -wit:
n
1
M
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
SERIES P-222
$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 ( %) per annum
payable June 1, 1980 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 258 bonds of like date and tenor,
excepting denomination, number, interest rate and maturity, aggregating the
principal sum of $1,286,000.00, 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, sewage pump station and force
main 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 12-6a18 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, 1979.
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-222, 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, 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-222, Dated
June 1, 1979, 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-222, 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 4. The Mayor and City Clerk are hereby authorized and directed
to prepare and execute the bonds hereinbefore described and to advertise and
sell the same in the manner provided by law and when duly registered to deliver
said bonds to the purchaser or purchasers thereof.
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 governing
body of said 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.
1
(SEAL)
ATTEST:
1
1
D. L. Harrison, City Clerk
Introduced: May 14, 1979
Passed: May 21, 1979
Karen M. Graves, Mayor