8634 GO Bonds P-221ORDINANCE NUMBER 8634
(Published in The Salina Journal Mw /I , 1978)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INTERNAL IMPROVEMENT BONDS OF
THE CITY OF SALINA, KANSAS, IN THE SUM OF $755,000.00, TO PAY THE COST OF
SIDEWALKS, LIGHTING, LANDSCAPING, CURBING, GUTTERING, PAVING, SANITARY SEWER,
STORM SEWER AND WATER MAIN IMPROVEMENTS IN THE CITY, TO BE DESIGNATED AS SERIES
P-221.
WHEREAS, the cost of streets, sidewalks, lighting, landscaping,
planting trees, shrubs, and other perennial plants and constructing park and
recreational areas within the proposed improvement district, as per Resolution
Numbers 3236 and 3237, and Ordinance Number 8607, has been determined to be
$387,622.85; and
WHEREAS, the cost of curbing, guttering, paving, grading, water system,
sanitary sewer system and storm sewer improvements, as per Resolution Numbers
3273, 3277, 3278, and Ordinance Number 8621, has been determined to be $445,615.37
and
WHEREAS, the cost of curbing, guttering, paving, grading, water main
and services, sanitary sewer and storm sewer improvements, as per Resolution
Numbers 3320, 3321 and Ordinance Number 8618, has been determined to be $100,818.4 ;
and
WHEREAS, the total cost of sidewalks, lighting, landscaping, curbing,
guttering, paving, grading, sanitary sewer, storm sewer, and water main improvemen s
has been ascertained and the portion thereof, in the amount of $27,127.40 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 sidewalks, lighting, landscaping, curbing,
guttering, paving, grading, sanitary sewer, storm sewer, and water 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 $906,929.31, less $142,966.77 which has
been paid by petitioners as required by Resolution Numbers 3113 and 3119 leaving
a balance of $763,962.54, 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 $36,089.94 has been duly
paid by the property owners liable therefor, leaving a balance of $727,872.60,
for which bonds are to be issued; and
WHEREAS bonds in the aggregate amount of $755,000.00 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 and hereinbefore referred to, there shall be issued
Internal Improvement Bonds of the City of Salina, Kansas, in the total principal
sum of $755,000.00 which shall consist of 151 bonds numbered 1 to 151, inclusive,
all dated June 1, 1978, shall bear interest as follows: Bonds numbered 1 to 61,
inclusive, shall bear interest at the rate of 5 percent per annum; Bonds numbered
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 and 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-221 and shall
be in the form and shall contain recitals substantially as follows, to -wit:
62 to 76, inclusive shall
bear interest
at the rate of
4.70 percent
per annum;
Bonds numbered 77 to 91,
inclusive, shall bear interest
at the rate
of 4.60
percent per annum; Bonds
numbered 92 to
121, inclusive,
shall bear interest
at
the rate of 4.70
percent
per annum; Bonds numbered 122
to 136, inclusive, shall
bear interest at
the rate
of 4.75 percent
per annum; Bonds
numbered
137 to 151,
inclusive, shall
bear interest
at the rate of 4.80 percent
per annum
from and
after said date until the
respective maturities of said
bonds, payable
semi-
annually on June
1 and December
1, each
year, said interest
to be evidenced
by
interest coupons
as herein
provided for
and said bonds
shall become
due as
follows:
BOND
NUMBERS
DENOMINATION
AMOUNT
MATURITY
1
to 16
$ 5,000.00
$ 80,000.00
December 1,
1979
17
to 31
5,000.00
75,000.00
December 1,
1980
32
to 46
5,000.00
75,000.00
December 1,
1981
47
to 61
5,000.00
75,000.00
December 1,
1982
62
to 76
5,000.00
75,000.00
December 1,
1983
77
to 91
5,000.00
75,000.00
December 1,
1984
92
to 106
5,000.00
75,000.00
December 1,
1985
107
to 121
5,000.00
75,000.00
December 1,
1986
122
to 136
5,000.00
75,000.00
December 1,
1987
137
to 151
5,000.00
75,000.00
December 1,
1988
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 and 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-221 and shall
be in the form and shall contain recitals substantially as follows, to -wit:
1
1
No.
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
SERIES P-221
$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 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 151 bonds of like date, denomination
and tenor, excepting number, interest rate and maturity, aggregating the
principal sum of $755,000.00, issued by the City of Salina, Kansas, for the
purpose of paying the cost of constructing certain sidewalk, lighting, landscaping
curbing, guttering, paving, grading, sanitary sewer, storm sewer, and water 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, 1978.
ATTEST:
City
Mayor
1
1
(Form of Coupon)
CITY CLERK'S CERTIFICATE
STATE OF KANSAS )
SS
COUNTY OF SALINE )
June 1,
December 1, 19
City of Salina,
Kansas
I, D. L. Harrison, City Clerk of the City of Salina, Kansas, hereby
certify that the within Internal Improvement Bond, Series P-221, 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 )
, 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
Internal Improvement Bond )
Series
P-221, dated
June 1,
1978, 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
I, D. L. Harrison, City Clerk of the City of Salina, Kansas, hereby
certify that the within Internal Improvement Bond, Series P-221, 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 exeute 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 of 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:
i
Z�) a -
D. L. Harrison, City Clerk
Introduced: May 1, 1978
Passed: May 8, 1y�8
ck Weisgerb , 9ayor