8450 GO Bonds P-217ORDINANCE NUMBER 8450
(Published in The Salina Journal
1975)
WHEREAS, the total cost of curbing, guttering, paving, sanitary sewer,
storm sewer and water main improvements has been ascertained and the portion
thereof, in the amount of $86,307.33 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, 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 $574,940.93
less $197,494.51 which has been paid by petitioners as required by Resolution
Numbers 3113 and 3119 leaving a balance of $377,446.42, which amount has been
heretofore duly assessed and apportioned to 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 $35,753.75 has been duly paid by the property owners liable therefor,
leaving a balance of $341,692.67, for which bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $428,000.00 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:
AN ORDINANCE AUTHORIZING THE ISSUANCE OF INTERNAL IMPROVEMENT BONDS
OF THE CITY OF SALINA, KANSAS, IN THE SUM OF $428,000.00, TO PAY THE COST OF
CURBING, GUTTERING, PAVING, SANITARY SEWER, STORM SEWER AND WATER MAIN
IMPROVEMENTS IN THE CITY, TO BE DESIGNATED AS SERIES P-217.
WHEREAS, the cost of curbing, guttering, paving, grading, water
main improvements, as per Resolution Numbers 3145, 3146, Ordinance
and Numbers
8291, 8292, and 8346 has been determined to be $51,071.02; and
WHEREAS, the cost of paving, curbing, guttering, sidewalks and
landscaping improvements, as per Resolution Numbers 3155, 3156, and Ordinance
Numbers 8304 and 8421 has been determined to be $22,455.56; and
WHEREAS, the cost of street, water main, sanitary sewer and storm
sewer improvements, as per Resolution Numbers 3175, 3176, and Ordinance Numbers
8343, 8344, and 8422 has been determined to be $149,124.40; and
WHEREAS, the cost of street and water main improvements, as per
Resolution Numbers 3179, 3181, and Ordinance Numbers 8349, and 8423 has been
determined to be $70,261.29; and
WHEREAS, the cost of curbing, guttering, paving, grading, water
main and service lines and sanitary sewer and service line improvements, as
per Resolution Numbers 3182, 3183, and Ordinance Numbers 8352, 8353, and 8424
has been determined to be $219,593.66; and
WHEREAS, the cost of curbing, guttering, paving, grading, water main,
sanitary sewer, service lines and storm sewer improvements, as per Resolution
Numbers 3188, 3190, and Ordinance Numbers 8360 and 8427 has been determined
to be $124,720.31; and
WHEREAS, the cost of sanitary sewer improvements,
as per Resolution
Numbers 3200, 3203, and Ordinance Numbers 8368 and 8428 has been determined
to be $24,022.02; and
WHEREAS, the total cost of curbing, guttering, paving, sanitary sewer,
storm sewer and water main improvements has been ascertained and the portion
thereof, in the amount of $86,307.33 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, 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 $574,940.93
less $197,494.51 which has been paid by petitioners as required by Resolution
Numbers 3113 and 3119 leaving a balance of $377,446.42, which amount has been
heretofore duly assessed and apportioned to 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 $35,753.75 has been duly paid by the property owners liable therefor,
leaving a balance of $341,692.67, for which bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $428,000.00 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 $428,000.00 which shall consist of 86 bonds numbered 1 to 86, inclusive,
all dated September 1, 1975, shall bear interest as follows:
Bonds Numbered 1 to 5, inclusive, shall bear interest at the rate of 4.25 percent
per annum; Bonds Numbered 6 to 50, inclusive, shall bear interest at the rate of
5.00 percent per annum; Bonds Numbered 51 to 86, inclusive, shall bear interest
at the rate of 5-3/8 percent per annum
from and after said date until the respective maturities of said bonds, payable
semiannually
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
$3,000.00
$ 3,000.00
December
1, 1976
2
to
5
5,000.00
20,000.00
December
1, 1976
6
to
14
5,000.00
45,000.00
December
1, 1977
15
to
23
5,000.00
45,000.00
December
1, 1978
24
to
32
5,000.00
45,000.00
December
1, 1979
33
to
41
5,000.00
45,000.00
December
1, 1980
42
to
50
5,000.00
45,000.00
December
1, 1981
51
to
59
5,000.00
45,000.00
December
1, 1982
60
to
68
5,000.00
45,000.00
December
1, 1983
69
to
77
5,000.00
45,000.00
December
1, 1984
78
to
86
5,000.00
45,000.00
December
1, 1985
Section 2. Said bonds shall be signed 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 attached thereto interest
coupons representing the interest thereof, which 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-217 and shall
be in the form and shall contain recitals substantially as follows, to -wit:
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
No. Series P-217 $
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 receivec
hereby promises to pay to the bearer the sum of Dollars
in lawful money of the United States of America, on the first day of ,
19 , with interest thereon, from the date hereof, and at the rate of
percent per annum, payable semiannually on June I and December 1, in each year, or
presentation and surrender of the interest coupons hereto affixed as said coupons
become severally 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 payment of said principal and interest at maturity.
This bond is one of a series of 86 bonds of like date and tenor, excepting
number, denomination, interest rate and maturity, aggregating the principal sum
of $428,000.00, issued by the City of Salina, Kansas, for the purpose of paying
the cost of constructing certain curbing, guttering, paving, sanitary sewer, sto
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 and 13-1011a; 13-1013 to
13-1018; 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 thing
required to be done and 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 laws 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, 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 September, 1975.
(SEAL)
Attest:
City Clerk
Mayor
D
I
Coupon Number )
On the First day of 19 the City of ) 19
Salina, Saline County, Kansas, will pay to the bearer )
the sum ofdollars ————— — — — ———
) _
and cents in lawful money of the )
United States of America, at the Office of the State ) City of Salina, Kansas
Treasurer, Topeka, Kansas, being six months interest )
on its Internal Improvement Bond, Dated September 1, 1975)
Series P-217. )
--———— — — — — — —
Attest: (Facsimile) )
Mayor ) $
(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-217 of the City of
Salina, Kansas, has been duly registered in my office according to law on
Witness my hand and official seal.
STATE TREASURER'S CERTIFICATE
STATE OF KANSAS )
) SS
COUNTY OF SHAWNEE )
ty Clerk
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 the within bond and the
coupons hereto attached, were registered in my office according to law on
Witness my hand and official seal.
By:
Treasurer of the State of Kansas
Assistant State Treasurer
1
1
1
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 executed and 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. The Board of Commissioners of
the City of Salina, Kansas, shall annually make provisions for the payment of
the principal and interest on said bonds as they severally become due by levying
taxes and assessments on property liable therefor, as provided for by law.
Section 6. This ordinance shall take effect and be in full force from
and after its adoption and publication once in the official city newspaper.
(SEAL)
Attest:
D. L. Harrison, City Clerk
Introduced:
Passed:
Robert
August 18, 1975
August 25, 1975
Caldwell, Mayor