8715 GO Bonds PK-22311
1
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(Published in The Salina Journal rvby 3C , 1979)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF PARK IMPROVEMENT BONDS, SERIES
PK -223, OF THE CITY OF SALINA, KANSAS, IN THE AGGREGATE AMOUNT OF $250,000.00 TO
PAY THE COST OF IMPROVING THE PUBLIC PARKS 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 improve the public parks 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 Governing Body of the City of Salina, Kansas:
Section 1. That the City of Salina, Kansas, is authorized to issue up
to $250,000.00 principal amount of general obligation bonds in any calendar year
for park 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 1979.
Section 2. There is hereby authorized the issuance of $250,000.00
principal amount of Park Improvement Bonds, Series PK -223. Said bonds shall be
dated June 1, 1979, shall consist of 50 bonds numbered 1 to 50, inclusive, shall
be in the denomination of $5,000 each and shall become due in the amount of
$25,000 on December 1 in each of the years 1980 to 1989, inclusive, and shall
bear interest as follows: bonds numbered 1 through 20, inclusive, shall bear
interest at the rate of 6 percent per annum; bonds numbered 21 through 25,
inclusive, shall bear interest at the rate of 5.75 percent per annum; bonds
numbered 26 through 30, inclusive, shall bear interest at the rate of 5.375
percent per annum; and bonds numbered 31 through 50, 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:
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BOND NUMBERS
DENOMINATION
AMOUNT
MATURITY
1 to 5
$ 5,000.00 $
25,000.00
December 1,
1980
6 to 10
5,000.00
25,000.00
December 1,
1981
11 to 15
5,000.00
25,000.00
December 1,
1982
16 to 20
5,000.00
25,000.00
December 1,
1983
21 to 25
5,000.00
25,000.00
December 1,
1984
26 to 30
51000.00
25,000.00
December 1,
1985
31 to 35
5,000.00
25,000.00
December 1,
1986
36 to 40
5,000.00
25,000.00
December 1,
1987
41 to 45
5,000.00
25,000.00
December 1,
1988
46 to 50
5,000.00
25,000.00
December 1,
1989
Section 3.
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 4.
Said bonds shall
be designated
as Series PK -223
and shall
be in the form and shall contain recitals
substantially
as follows,
to -wit:
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$5,000.00
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
PARK IMPROVEMENT BONDS
SERIES PK -223
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, 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, numbered 1 to 50,
inclusive, aggregating the principal amount of $250,000.00, issued by the City
of Salina, Kansas, for the purpose of providing funds to pay the cost of improving
the public parks in said City, pursuant to the authority of 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, 1979.
ATTEST:
City Clerk
Mayor
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(Form of Coupon)
June,
No. On the first day of December, 19 )
the City of Salina, Saline County, Kansas)
will pay to the bearer, the sum of )
, Dollars and cents)
lawful money of the United States of America at the )
Office of the State Treasurer, Topeka, Kansas, being )
six months interest on its Park Improvement Bond )
Series PK -223, Dated June 1, 1979, No. )
(facsimile)
Mayor
Attest:
(facsimile)
(City Clerk
CITY CLERK'S CERTIFICATE
STATE OF KANSAS )
) SS
COUNTY OF SALINE )
June 1,
December 1, 19
City of Salina,
Kansas
0
I, D. L. Harrison, City Clerk of the City of Salina, Kansas, hereby
certify that the within Park Improvement Bond, Series PK -223, 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
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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 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 improving the public parks in said City,
pursuant to the authority of Charter Ordinance Number 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 said
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.
(SEAL)
ATTEST:
D. L. Harrison, City Clerk
Introduced: May 14, 1979
Passed: May 21, 1979
4-4-� 3L ,
Karen M. Graves, Mayor