7094 GO Bonds P-207CONSOLIDATED -SALIVA
1
ORDINANCE NUMBER 7094
(Published in The Salina Journal MyP_m1rL i , 1968)
AN ORDINANCE authorizing the issuance of Internal Improvement Bonds of the City of Salina,
Kansas, in the sum of $58,267.56, to pay the cost of street improvements in the City to be
designated as Series P-207.
WHEREAS, the cost of improving streets as per Resolutions Numbered 2924, 2926,
2927, and Ordinance Numbers 6977, 7051 and 7058, has been determined to be $58,267.56, and j
WHEREAS, the total cost of improving streets has been ascertained and the portion !'
thereof in the amount of $1,229.35, 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 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 improvements, which are to be paid by
Special Assessments and to be levied upon Pots and pieces of ground liable for the payment
of said street and grading in said streets has been ascertained and has been hereby found
and determined to be the sum of $57,038.21, 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 $57,038.21 for which bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $58,267.56 are to be issued to pay the
actual cost thereof.
BE IT ORDAINED by the Board of Commissioners 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 improvement
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 $58,267.56, which shall consist of 58 bonds
numbered 1 to 58 inclusive, all dated November 1, 1968, and shall bear interest as follows:
Bonds numbered 1 to 3, inclusive, shall bear interest at the rate of 4.25 percent per annum;
Bonds numbered 4 to 30, inclusive, shall bear interest at the rate of 3.90 percent per annum
Bonds numbered 31 to 42, inclusive, shall bear interest at the rate of 4.25 percent per annur
Bonds Numbered 43 to 58, inclusive, shall bear interest at the rate of 4.50 percent per annur
from and after said date until the respective maturities of said bonds, payable semiannual)
on May 1 and November 1, each year, said interest to be evidenced by interest coupons as
herein provided for and said bonds shall become due as follows:
lE
CONSOLIDATED-SALINA
Bond
Numbers
Denomination
Amount
Maturity
1
1,267.56
1,267.56
November
1,
1970
2
to
3
1,000.00
2,000.00
November
1,
1970
4
to
6
1,000.00
3,000.00
November
1,
1971
7
to
9
1,000.00
3,000.00
November
1,
1972
10
to
12
1,000.00
3,000.00 r
November
1,
1973
13
to
15
1,000.00
3,000.00
November
1,
1974
16
to
18
1,000.00
3,000.00
November
1,
1975
19
to
21
1,000.00
3,000.00
November
1,
1976
22
to
24
1,000.00
3,000.00
November
1,
1977
25
to
27
1,000.00
3,000.00
November
1,
1978
28
to
30
1,000.00
3,000.00
November
1,
1979
31
to
33
1,000.00
3,000.00
November
1,
1980
34
to
36
1,000.00
3,000.00`
November
1,
1981
37
to
39
1,000.00
3,000.00
November
1,
1982
40
to
42
1,000.00
3,000.00
November
1,
1983
43
to
45
1,000.00
3,000.007
November
1,
1984
46
to
48
1,000.00
3,000.00-
November
1,
1985
49
to
51
1,000.00
3,000.001
November
1,
1986
52
to
54
1,000.00
3,000.00"
November
1,
1987
55
to
56
1,000.00
2,000.00
November
1,
1988
57
to
58
1,000.00
2,000.00'
November
1,
1989
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-207 and shall be in
the form and shall contain recitals substantially as follows, to -wit:
CONSOLIDATED -SALIVA
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
No.
Series P-207 $
1
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 May 1 and November 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.
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 November, 1968.
(SEAL)
Attest:
City Clerk
Mayor
j
This bond is one of a series of 58 bonds of like date and tenor, excepting number, interest
rate and maturity, aggregating the principal sum of $58,267.56 issued by the City of
Salina, Kansas for the purpose of paying the cost of constructing certain street improvement
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 Sections 10-1
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' 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 November, 1968.
(SEAL)
Attest:
City Clerk
Mayor
CONSOLIDATED -SALIVA
1
1
)
)
No. on the first day of )
-19_ the City of )
Salina, Saline County, Kansas, will pay to )
the bearer the sum of ) 19
dollars and cents in )
lawful money of the United States of America, )
at the Office of the State Treasurer, Topeka ) City of Salina, Kansas
Kansas, being six months interest on its )
Internal Improvement Bond, Series P-207 )
dated November 1, 1968. )
)
No. )
----------------------
)
(Facsimile) )
Mayor )
Attest: (Facsimile) )
City Clerk )
--———————————————— — — — — -- ---------------------
STATE OF KANSAS i
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-207 of the City of Salina, Kansas, has been
duly registered in my office according to law.
Witness my hand and official seal this , 1968.
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 , 1968.
State Auditor of Kansas
By
Director of Post Audits
CONSOLIDATED-SALINA
C
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 paper.
1
(SEAL)
Attest:
moo-•--�
City Clerk
Introduced: October 21, 1968
Passed: October 28, 1968
Mavor