7084 Develop Public ParkCONSOLIDATED-SALINA
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ORDINANCE NUMBER 7084
(Published in The Salina Journal `j_.:'- 1968)
AN ORDINANCE DECLARING IT NECESSARY TO DEVELOP A PUBLIC PARK KNOWN AS AIRPORT PARK, IN THE
CITY OF SALINA, SALINE COUNTY, KANSAS, AND AUTHORIZING THE ISSUANCE OF GENERAL OBLIGATION
BONDS OF THE CITY OF SALINA, SALINE COUNTY, KANSAS IN THE SUM OF $75,000.00 TO PAY THE COST
THEREOF, UNDER THE AUTHORITY OF K.S.A. 13-1024a, AND ALL AMENDMENTS THERETO.
WHEREAS, in the judgement of the Governing Body of the City of Salina, Saline County, Kansas,
it is deemed necessary, and for the best interests of the inhabitants of said City, that the
City of Salina, Saline County, Kansas, develop a public parks known as Airport Park; and
WHEREAS, said City of Salina, Saline County, Kansas, has ful'I authority under K.S.A 13-1024a,
and all amendments thereto, to issue General Obligation Bond's of said City in an amount not
exceeding $75,000.00 in any one year, for the purpose of payjing the cost of developing a
public park known as Airport Park in the City of Salina, Saline County, Kansas.
NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF SALINA, SALINE
COUNTY, KANSAS:
Section 1. That it is deemed necessary and for the best interests of the City of
Salina, Saline County, Kansas, that it develop a public park'known as Airport Park, and that
said development be and the same is hereby authorized.
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Section 2. That for the purpose of paying the cost of developing a public park
(
known as Airport Park in the City of Salina, Saline County, Kansas, there shall be and
hereby are, issued General Improvements Bonds (Airport Park), Series G-209, of the City of
Salina, Saline County, Kansas, in the amount of $75,000.00, which said issue shall consist
of 75 bonds, numbered 1 to 75, both inclusive, in the denomination of $1,000.00 each, shall
be dated October 1, 1968, shall bear interest as follows, to -wit: Bonds numbered 1 to 7,
maturing October 1, 1969 to October 1, 1971, both inclusive, bearing interest at the rate of
3-3/4% per annum; and bonds numbered 8 to 19, maturing October 1, 1972 to October 1, 1975,
both inclusive, bearing interest at the rate of 4% per annum; and bonds numbered 20 to 75,
maturing October 1, 1976 to October 1, 1986, both inclusive, bearing interest at the rate of
4-1/4% per annum - payable October 1, 1969, and semi-annually thereafter on the first days
of April and October of each year until said principal sum shall have been paid, and shall
mature in the following amounts, upon the following dates, to -wit:
Numbers Maturity
October 1, 1969
2
to
4
October
1,
1970
5
to
7
October
1,
1971
8
to
10
October
1,
1972
11
to
13
October
1,
1973
14
to
16
October
1,
1974
17
to
19
October
1,
1975
20
to
22
October
1,
1976
23
to
25
October
1,
1977
26
to
28
October
1,
1978
29
to
33
October
1,
1979
34
to
39
October
1,
1980
40
to
45
October
1,
1981
46
to
51
October
1,
1982
52
to
57
October
1,
1983
58
to
63
October
1,
1984
64
to
69
October
1,
1985
70
to
75
October
1,
1986
Amount
$1,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
5,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
$75,000.00
CONSOLIDATED -SALIVA
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Section 3. Said bonds and coupons shall contain recitals, and be in the form and
of the size as provided by the statutes of the State of Kansas.
Section 4. That said bonds shall be signed by the Mayor and attested by the
Clerk of said City, and shall have the corporate seal affixed, and the interest coupons shal
be signed with the facsimile signatures of the Mayor and Ci y Clerk, and both principal and
interest shall be payable at the office of the State Treasurer of the State of Kansas, in
the City of Topeka, Kansas.
The Mayor and City Clerk are hereby authorized to prepare and execute
Section 5.
said bonds and coupons, and, when so executed, said bonds shall be registered as required by
law, and the Governing Body shall annually make provisions for the payment of the principal
and interest of said bonds as the same shall become due by levying a tax upon all the taxable
property of said City of Salina, Saline County, Kansas.
Section 6. That all ordinances or parts of ordinances in conflict herewith are
hereby repealed.
Section 7. That this ordinance shall be in full force and take effect from and
after its publication in The Salina Journal, the official city paper, as provided by law.
(SEAL)
Attest:
Q-LuZo�-�
City Clerk
Introduced: September 9, 1968
Passed: September?16, 1968
a�or of the City of Sal
Saline County, KansaE