8341 GO Bonds PK-216✓ ORDINANCE NUMBER 8341
I
(Published in The Salina Journal 1974)
AN ORDINANCE AUTHORIZING THE ISSUANCE OF PARK IMPROVEMENT BONDS,
SERIES PK -216, OF THE CITY OF SALINA, KANSAS, IN THE AGGREGATE AMOUNT OF
$100,000 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's 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 $100,000
pursuant to K. S. A. 13-1024a and any amendments thereto,
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 $100,000 principal amount of general obligation bonds in any calendar
year for park improvements pursuant to the authority of K. S. A. 13-1024a and
any amendments thereto, and no such bonds or temporary notes have been issued
pursuant to said authority during the year 1974.
Section 2. There is hereby authorized the issuance of $100,000
principal amount of Park Improvement Bonds, Series PK -216. Said bonds shall
be dated April 1, 1974, shall consist of 100 bonds numbered 1 to 100, inclusive,
shall be in the denomination of $1,000 each and shall become due in the amount
of $10,000 on October 1 in each of the years 1975 to 1984, inclusive. Bonds
Numbered 1 to 50, inclusive, shall bear interest at the rate of 4.10 percent
per annum; and Bonds Numbered 51 to 100, inclusive, shall bear interest at the
rate of 4.20 percent per annum and said interest shall be payable April 1 and
October 1 in each year except that the first coupon shall become due on April 1,
1975. 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.
Section 3. Said bonds shall be executed by the (`Mayor and shall be
attested by the City Clerk and the corporate seal of the City shall be affixed
I
thereto. Said bonds shall have interest coupons attached thereto representing
the interest on said bonds, and said interest coupons shall bear the facsimile
signatures of the Mayor and City Clerk of said City.
[TY:)-SAL1NA---
1
1
1
Section
4. Said bonds and the interest coupons and the certificates
to appear on said bonds shall be in substantially the following form:
M[.7
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
PARK IMPROVEMENT BONDS
SERIES PK -216
$1,000
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
October, 19 , the principal sum of
ONE 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 April 1 and October 1 in each year, except that
the first coupon shall become due on April 1, 1975, until said principal sum
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 in
the City of Topeka, Kansas. And said City of Salina, in the State of 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 100 bonds of like date, denomination
and tenor, except number and maturity, numbered from 1 to 100, inclusive,
aggretating the principal amount of $100,000, 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, under the provisions of K.S.A. 13-1024a, and all
amendments thereto, 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,
by its governing body, has caused this bond to be signed by its Mayor and its
corporate seal to be hereto affixed, attested by its City Clerk, and the
coupons hereto attached to be signed with the facsimile signatures of said
officers, and this bond to be dated this First day of April, 1974.
ATTEST:
City Clerk
Mayor
DATL D-SALINA
1
1
1
(FORM OF COUPON)
First Coupon for
12 months due
April 1, 1975
April,
Other Coupons for 6
months due October 1
and April 1
Q
No.
On the
First day of October, 19
)
the City
of Salina, Kansas, will pay
> April 1,
to the
bearer, the sum of
)
Dollars,
lawful money
of the United States of
) October 1, 19
America,
at the office
of the State Treasurer,
)
Topeka,
Kansas, being
months' interest on
)----------------------
its Park
Improvement
Bond, Series PK -216, dated
)
April 1,
1974, No.
)
City of Salina,
Kansas
(facsimile)
)
Mayor
)
)-----------------------
ATTEST:
)
(facsimile)
)
------------------------------------------------------------------------------
City Clerk
)
STATE OF KANSAS )
SS.
COUNTY OF SALINE )
I, the undersigned, City Clerk of the City of Salina, Kansas, hereby
certify that the within Park Improvement Bond, Series PK -216, 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, do 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
WITNESS my hand and official seal.
State Auditor of Kansas
Assistant State Auditor
DA r.:',;ALINA
1
1
n
Section 5. The Mayor and City Clerk are hereby authorized and
i
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, under the provisions of K.S.A. 13-1024x, and all amendments thereto.
Section 6. The full faith, credit and resources of the City of Salina,
Kansas, shall be, and the same hereby are 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 approval and its publication in the official paper
of said city.
(SEAL)
ATTEST:
Introduced: March 25, 1974
Passed: April 2, 1974
D. L. Harrison, City Clerk
L�