8077 Internal Imp BondsCONSOLIDATED-SALINA
ORDINANCE NUMBER 8077
(Published in The Salina Journal Ir[ 1970)
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AN ORDINANCE authorizing the issuance of Internal Improvement Bonds of the City of Salina
Kansas, in the sum of $79,481.71, to pay the cost of street and sewer improvements in the
City to be designated as Series P-212.
WHEREAS, the cost of street and sewer improvements, as per Resolutions Numbered
2984, 2990, 2991, and amended by Resolutions Numbered 2994 and 2995, and Ordinance Numbers
7068 and 8013, has been determined to be $79,481.71, and
WHEREAS, the total cost of street and sewer improvements has been ascertained and
j the portion thereof in the amount of $33,708.06, was apportioned to the City -at -large and
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 said street and sewer improvements, which are to be
paid by special assessments and to be levied upon lots and pieces of ground liable for the
payment of said street and grading in said streets, and sewers, has been ascertained and
has been hereby found and determined to be the sum of $45,773.65, 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, with the amount of $45,773.65 for which bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $79,481.71 are to be issued to pay the
actual cost thereof.
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 Resolution 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 $79,481.71, which shall consist of 79 bonds
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numbered 1 to 79 inclusive, all dated April 1, 1970, and shall bear interest as follows:
Bonds Numbered 1 to 55, inclusive, shall bear interest at the rate of 5.50 percent per annum
Bonds Numbered 56 to 79, inclusive, shall bear interest at the rate of 6.00 percent per annum,
first interest payment will be due December 1, 1970, from and after said date until the
respective maturities of said bonds, payable semiannually on June 1 and December 1, each
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year, said interest to be evidenced by Interest coupons as herein provided for and said
bonds shall become due as follows:
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CONSOLIDATED-SALINA
G
1
1
Bond
Numbers
Denomination
Amount
Maturity
1
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1,481.71
1,481.71
December 1,
1971
2
to
3
1,000.00
2,000.00
December 1,
1971
4
to
7
1,000.00
4,000.00
December 1,
1972
8
to
11
1,000.00
4,000.00
December 1,
1973
12
to
15
1,000.00
4,000.00
December 1,
1974
16
to
1g
1,000.00
4,000.00
December 1,
1975
20
to
23
1,000.00
4,000.00
December 1,
1876
24
to
27
1,000.00
4,000.00
December 1,
1977
28
to
31
1,000.00
4,000.00
December 1,
1978
32
to
35
1,000.00
4,000.00
December 1,
1979
36
to
39
1,000.00
4,000.00
December 1,
1980
40
to
43
1,000.00
4,000.00
December 1,
1981
44
to
47
1,000.00
4,000.00
December 1,
1982
48
to
51
1,000.00
4,000.00
December 1,
1983
52
to
55
1,000.00
4,000.00
December 1,
1984
56
to
59
1,000.00
4,000.00
December 1,
1985
60
to
63
1,000.00
4,000.00
December 1,
1986
64
to
67
1,000.00
4,000.00
December 1,
1987
68
to
71
1,000.00
4,000.00
December 1,
1988
72
to
75
1,000.00
4,000.00
December 1,
1989
76
to
79
1,000.00
4,000.00
December 1,
1990
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 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 Auditor of State as required by law.
Section 3. Said bonds shall be designated as Series P-212 and shall be in the
form and shall contain recitals substantially as follows, to -wit:
CONSOLIDATED-$ALINA
1
No.
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
Series P-212 $
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 l 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 79 bonds of like date and tenor, excepting number,
denomination, interest rate and maturity, aggregating the principal sum of $79,481.71,
issued by the City of Salina, Kansas, for the purpose of paying the cost of constructing
certain street and sewer 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 Section 10-101 to 10-127; 12-601 to 12-608; 12-617 to 12-620; 12-626 to
12-629; and 13-1011 and 13-1011a; and Sections 13-1013 to 13-1018; and Sections 12-6a01 to
12-6a18 K. S. A. and amendments thereto, and all other provisions of the laws of said State
j applicable thereto, and this bond and all other bonds of this series, and all interest
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thereof 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 April, 1970.
(SEAL)
Attest:
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City Clerk
Mayor
CONSOLIDATED- SALINA
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No. on the first day of ]
. 19 the ]
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City of Salina, Saline County ]
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Kansas, will pay to the bearer the ]
sum of ]
19
dollars and cents ]
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in lawful money of the United States ]—
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of America, at the Office of the ]
City of Salina, Kansas
State Treasurer, Topeka, Kansas, ]
being six months interest on its ]
Internal Improvement Bond Series ]
P-212, dated April 1, 1970. ]
No. ]
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(Facsimile) ]
$
Mayor ]
]
]
Attest: (Facsimile) ]
City Clerk ]
]
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STATE OF KANSAS )
———————————————————
SS
COUNTY OF SALINE )
I, D. L. Harrison, City Clerk of the City of
Salina, Kansas, hereby certify
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that the within Internal Improvement Bond, Series
p
P-212 of the Cit of Salina
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Kansas, has been duly registered in my office according
to law.
Witness my hand and official seal this
City Clerk
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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
By:
Director of Post Audits
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CONSOLIDATLD-SALINA
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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
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when duly executed and registered to deliver said bonds to the purchaser
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or purchasers thereof.
Section 5.
The full faith, credit and resources of the City of Salina, Kansas,
shall be and the same
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are hereby irrevocably pledged for the prompt payment of said bonds and l'
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
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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: March 24, 1970
Passed: March 30, 1970
(SEAL)
Mayor
Attest:
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City Clerk