8327 GO Bonds P-215DATED-SALINA
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(Published in The Salina Journal December 31 1973)
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AN ORDINANCE AUTHORIZING THE ISSUANCE OF INTERNAL IMPROVEMENT BONDS
OF THE CITY OF SALINA, KANSAS, IN THE SUM OF $250,736.00, 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-215.
WHEREAS, the cost of curbing, guttering, paving, sanitary sewer and water
main improvements, as per Resolution Numbers 3115, 3116, 3117, and Ordinance
Numbers 8195, 8260 has been determined to be $94,343.09, and
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WHEREAS, the cost of sanitary sewer improvements, as per Ordinance
Numbers 8200, 8233, and 8253, has been determined to be $13,888.16, and
WHEREAS, the cost of curbing, guttering, paving, sanitary sewer, storm
sewer and water main improvements, as per Resolution Numbers 3129, 3131, and
Ordinance Numbers 8262, 8283, and 8313, has been determined to be $261,311.64, and
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I WHEREAS, the cost of sanitary sewer improvements, as per Resolution
j I Numbers 3130, 3132, and Ordinance Numbers 8264 and 8308, has been determined
to be $12,054.49, and
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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 $65,311.86 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
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WHEREAS, the total cost of said 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 $316,285.52,
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 the Ordinances
of the City of Salina, Kansas, relating thereto, duly passed and approved, of which
amount the sum of $130,861.38 has been duly paid by the property owners liable
therefor, leaving a balance of $185,424.14, for which bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $250,736.00 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:
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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
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sum of $250,736.00 which shall consist of 51 bonds numbered 1 to 51, inclusive,
all dated January 1, 1974, shall bear interest as follows:
Bonds Numbered 1 to 11, inclusive, shall bear interest at the rate of 4.75 percent
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per annum; Bonds Numbered 12 to 26, inclusive, shall bear interest at the rate of
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4.25 percent per annum; Bonds Numbered 27 to 31, inclusive, shall bear interest
at the rate of 4.10 percent per annum; Bonds Numbered 32 to 36, inclusive, shall
bear interest at the rate of 4.20 percent per annum; Bonds Numbered 37 to 51 shall
bear interest at the rate of 4.10 percent per annum,
DATED-SALINA
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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
$ 736.00
$ 736.00
December
1,
1975
2
to
6
5,000.00
25,000.00
December
1,
1975
7
to
11
5,000.00
25,000.00
December
1,
1976
12
to
16
5,000.00
25,000.00
December
1,
1977
17
to
21
5,000.00
25,000.00
December
1,
1978
22
to
26
5,000.00
25,000.00
December
1,
1979
27
to
31
5,000.00
25,000.00
December
1,
1980
32
to
36
5,000.00
25,000.00
December
1,
1981
37
to
41
5,000.00
25,000.00
December
1,
1982
42
to
46
5,000.00
25,000.00
December
1,
1983
47
to
51
5,000.00
25,000.00
December
1,
1984
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 thereon, which coupons shall be in 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
Auditor of State, as required by law.
Section 3. Said bonds shall be designated as Series P-215 and shall
be in the form and shall contain recitals substantially as follows, to -wit:
T=-SALI V A
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UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
Series P-215 $
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 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 1 and December 1,
in each year, on 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 51 bonds of like date and tenor, excepting
number, denomination, interest rate and maturity, aggregating the principal sum
of $250,736.00, issued by the City of Salina, Kansas, for the purpose of paying
the cost of constructing certain curbing, guttering, paving, 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 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 things
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 January, 1974.
(SEAL)
Attest:
City Clerk
Mayor
DA TcD- SALIN A
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Coupon Number
On the First day of , 19 the City of ) , 19
Salina, Saline County, Kansas, will pay to the bearer )
--————— — — — — — —
the sum of dollars )
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 January 1, 1974,)
Series P-215. )
Attest: (Facsimile) )
Mayor ) $
(Facsimile) )
City Clerk )
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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-215 of the City of
Salina, Kansas, has been duly registered in my office according to law.
Witness my hand and official seal this
City Clerk
OFFICE OF THE STATE AUDITOR OF KANSAS
I, Clay E. Hedrick, State Auditor of Kansas, hereby certify that a
transcript of the proceedings leading up to the issuance of this bond has been
filed in my office and that this bond and the coupons attached thereto were
registered in my office according to law this
State Auditor of Kansas
Assistant Auditor of State
DATL D-S-,ALSNA
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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 upon 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.
Introduced: December 17, 1973
Passed: December 27, 1973
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(SEAL)
Attest:
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D. L. Harrison, City Clerk