8009 IRB Wyatt Manufacturingu
1
kodch ZI, ig(Oq
ORDINANCE NO. r
AN ORDINANCE AUTHORIZING THE CITY OF'',SALINA, KANSAS,
TO PURCHASE AND ACQUIRE A BUILDINC AND A SITE
THEREFOR, TO BE USED FOR INDUSTRIAL AND
MANUFACTURING FACILITIES: AUTHORIZINC AND DIRECTING
THE ISSUANCE OF $100,000 PRINCIPAL AMOUNT OF
SALINA, KANSAS, THE WYATT MANUFACiTURING CO.,
INC. REVENUE BONDS OF 19693 OF SAID CITY FOR THE
PURPOSE OF PURCHASING AND ACQUIRING A BUILDING AND
A SITE THEREFOR TO BE USED FOR INDUSTRIAL
AND MANUFACTURING FACILI IES
WHEREAS, the City of Salina, Kansas, a city of the first
class, hereinafter sometimes referred to as "City", desires to
promote, stimulate and develop the general economic welfare and
prosperity of the City of Salina, Kansas, and its environs and
thereby to further promote, stimulate and develop the general
economic welfare and prosperity of the State of Kansas.
I.
WHEREAS, pursuant to the provisions of K.S.A. 12-1740 to
12-1749, the City is authorized to issue industrial revenue
bonds of the City, and it is hereby found and determined to be
advisable and in the interest and for the welfare of the City
and its inhabitants that industrial revenue bonds of the City
in the principal amount of $100,000 be authorized and issued,
for the purpose of providing funds to pay the cost of purchasing
and acquiring a building and a site therefor to be used as an
industrial and manufacturing facility 'to be leased to The Wyatt
Manufacturing Co., Inc., a Kansas corporation, hereinafter some-
times referred to as "Company", the proceeds of said bonds to
be used for said purpose and in conjunction with funds otherwise
made available for said purpose.
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NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF
THE CITY OF SALINA, KANSAS:
SECTION 1. That the City of Saljina, Kansas, is hereby
authorized to purchase and acquire a building and site therefor,
to be used as an industrial and manufacturing facility, consist-
ing of the following described real estate, to -wit:
Lot Ten (10) and Lot Eleven (11)I in White Acres Addition,
a sub -division of Tracts Three (',3) and Five (5) of Thomas
White Farm, an addition to the City of Salina, Saline
County, Kansas, subject to an easement granted to the
City of Salina, Kansas for the construction, installation,
repair, replacement and maintenance of a pump station to
be located within the South 'Twenty -Five (25) Feet of the
East Twenty -Five (25) Feet of said Lot Eleven (11), and
subject to pipeline right-of-way'and other easements,
rights-of-way and restrictions of record;
together with the building, improvements and fixtures located
thereon and appurtenances relating thereto, hereinafter some-
times referred to as "facility", in accordance with the provi-
sions of a Lease dated March 1, 1969, between the City and The
Wyatt Manufacturing Co., Inc., hereinafter sometimes referred
to as "Lease", said Lease being authorized by the provisions of.
Ordinance No. of the City. The cost of purchasing
and acquiring the facility shall not exceed. the sum of $100,000
to the City.
SECTION 2. That for the purpose of purchasing; and acquiring
the facility to be leased to The Wyatt Manufacturing Co., Inc.,
a Kansas corporation, there shall be issued and hereby are auth-
orized and directed to be issued a series of Salina, Kansas, The
Wyatt Manufacturing Co., Inc. Revenue Bonds of 1969, of the City
of Salina, Kansas, in the aggregate principal amount of
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$100,000, hereinafter sometimes referred to as "bonds" or
"revenue bonds". The bonds and interest thereon shall be paid
solely and only from the money and revenues received from the
fees charged and rental received for the use of the facility
and not from any other fund or source. The City hereby pledges
the facility and the net earnings therefrom to the payment of
the bonds and the interest thereon, so that payment thereof is
secured by a first lien on the facility (consisting of a single
parcel of real estate upon which is located a commercial build-
ing).
SECTION 3. The Salina, Kansas, The Wyatt Manufacturing
Co., Inc. Revenue Bonds of 1969, of the City of Salina, Kansas,
shall consist of 100 bonds, numbered ',from 1 to 100, inclusive.
Each of the bonds shall be in the denomination of $1,000. All
of the bonds shall be dated April 1,11969, and shall become due
April 1, 1978, subject to prior redemption as hereinafter set
forth. The bonds shall bear interest at the rate of 6% per
annum from April 1, 1969, until fully paid, with interest payable
October 1, 1969, and thereafter semiannually on April 1 and
October 1 of each year.
The bonds shall be subject to redemption and payment in
numerical order, as hereinafter set forth, from moneys available
for such purpose, on April 1, 1969, or on any interest payment
date thereafter, at the par value thereof, plus accrued inter-
est thereon to the date fixed for redemption and payment.
Notice of any redemption provided for by this Ordinance
shall be given by certified or registered United States mail
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or by delivery in person to the paying agent herein designated,
such notice to be mailed or delivered in person at least 10
days prior to the date fixed for redemption and payment and
specify the numbers of the bonds to be redeemed and paid. In-
terest shall cease on the bonds so called for redemption and
payment as of the redemption date, provided funds are available
to pay the same according to their terms.
The bonds and the interest coupons to be attached thereto
as hereinafter provided shall be payable in lawful money of the
United States of America at The National Bank of America at
Salina, in the City of Salina, Kansas,' hereinafter sometimes
referred to as the "Paying Agent".
SECTION 4. The bonds and each of them shall be executed
for and on behalf of the City by the manual signature of its
Mayor and attested by the manual signature of the City Clerk,
with the seal of the City affixed. Interest coupons shall be
attached to the bonds representing the interest to mature
thereon, and the interest coupons shall bear the facsimile
signatures of the Mayor and City Clerklof said City.
SECTION 5. Each of the bonds andlinterest coupons and
the certificates attached thereto shall be in substantially the
following form:
No.
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
SALINA, KANSAS, THE WYATT MANUFACTURING
CO., INC. REVENUE BOND OF 1969
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$1,000
1
KNOW ALL MEN BY THESE PRESENTS: 'That the City of Salina,
in the County of Saline, State of Kansas, for value received,
hereby promises to pay to the bearer, solely and only from the
revenues hereinafter specified, the sum of
ONE THOUSAND DOLLARS
in lawful money of the United States of America, on April 1,
1978, together with interest thereon at the rate of six per
cent (6%) per annum from April 1, 1969 (likewise payable out
of the revenues hereinafter specified), payable October 1,
1969, and thereafter semiannually on April 1 and October 1 of
each year after the date hereof until said principal sum shall
have been paid, upon presentation and surrender of the interest
coupons hereto attached, bearing the facsimile signatures of the
Mayor and City Clerk of said City as said coupons severally
become due, both principal of and interest on this bond being
payable at The National Bank of America at Salina, in the City
of Salina, Kansas.
THIS BOND is one of an authorizedlseries of 100 bonds of
like date and tenor, except as to numbor, aggregating the prin-
cipal amount of $100,000, numbered from 1 to 1001 inclusive,
each in the denomination of $1,000, authorized by ordinance of
said City, issued for the purpose of providing funds to pay the
cost of purchasing and acquiring a building and a site therefor
to be used as an industrial and manufacturing facility (herein-
after sometimes referred to as the "facility") to be leased to
The Wyatt Manufacturing Co., Inc., a Kansas corporation auth-
orized to do business in the State of Kansas, by the authority
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of and in conformity with the provisions, restrictions and
limitations of the Constitution and Statutes of the State of
Kansas, including K.S.A. 12-1740 to 12-1749, and all amendments
thereof and acts supplemental thereto, and all other provisions
of the laws of the State of Kansas applicable thereto. This
bond and all interest thereon shall be payable by the City of
Salina, Kansas, solely and only from the money and revenue re-
ceived from the fees charged and rental received for the use
of the facility and not from any other fund or source. Pursuant
to the provisions of said statute, the governing body of the
City does hereby pledge the facility and the net earnings there-
from to the payment of the series of bonds of which this bond
is a part, and the interest thereon. Reference is hereby made
to said Lease for a description of the covenants of the City
with respect to the collection, segregation and application of
the revenues derived from the facility, the nature and extent
of the security for the bonds, the rights, duties and obligations
of the City and of the Fiscal Agent with respect thereto, and
the rights of the holders thereof.
Each of the bonds of the series of which this bond is one
may be called for redemption and payment prior to maturity, in
numerical order, in the manner specified in the ordinance of
the City authorizing the issuance of the bonds, on April 1,
1969, or on any interest payment date thereafter, at the par
value thereof and accrued interest to date of redemption.
Notice of the City's intention to redeem and pay the bonds
pursuant to any of the redemption provisions aforesaid, specify-
ing the numbers of the bonds to be redeemed and paid, shall be
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given by certified or registered Unitled States mail or by de-
livery in person to the Paying Agent herein named not less than
10 days prior to the date fixed for such redemption and payment.
This bond has not been registered under the Securities Act
of 1933. This bond has been acquired by the bearer for
investment and may not be pledged or hypothecated, and may not
be sold or transferred in the absence of an effective Registra-
tion Statement for the bond under thelsecurities Act of 1933,
or an opinion of counsel satisfactory'ito The Wyatt Manufacturing
Co., Inc. that registration is not required under said Act.
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 laws of the State of Kansas.
IN WITNESS WHEREOF, the City of Salina, Kansas, by its
governing body, has caused this bond to be signed by the manual
signature of its Mayor and attested by the manual signature of
its City Clerk, and its corporate seal to be hereto affixed and
the interest coupons hereto attached to be signed with the
facsimile signatures of said officers, and this bond to be
issued on this 1st day of
ATTEST:
LC,
City Clerk
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(FORM OF COUPON)
Coupon No.
Unless previously called for prior
redemption and payment thereof duly made or
April
provided for, on the First day of October,
19 the City of Salina, Kansas, will pay
bearer, solely and only from the money and
revenue received from the fees charged and
rental received for the use of the facility
described in the bond to which this coupon
is attached, and not from any other fund or
source, Thirty Dollars in lawful money of
the United States of America, at The
National Bank of America at Salina, in the
City of Salina, Kansas, being six months'
interest on its Salina, Kansas, The Wyatt
Manufacturing Co., Inc. Revenue Bond of
1969, dated April 1, 1969, No.
ATTEST:
(facsimile)
City Clerk
1
(facsimile)
Mayor
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April 1, 19
October 1, 19
City of Salina,
Kansas
Salina, Kansas,
The Wyatt
Manufacturing
Co., Inc.
Revenue Bond
of 1969.
$30.00
1
STATE OF KANSAS )
) SS.
COUNTY OF SALINE )
I, the undersigned, the City Clerk of the City of Salina,
Kansas, hereby certify that the within Bond, of the City of
Salina, Kansas, has been duly registered in my office according
to law.
WITNESS my hand and official seal this P/ day of
'1`-pct,\.:c, , 19 (^61 .
City Clerk
SECTION 6. The Mayor and City Clerk are hereby authorized
and directed to prepare and execute in the manner hereinbefore
specified the Salina, Kansas, The Wyatt Manufacturing Co., Inc.
Revenue Bonds of 1969, of the City herein authorized and to sell
and deliver said bonds on or before April 1, 1969, to the buyers
thereof as set forth in Section 20 of ',this Ordinance, and to
pay the proceeds from the sale thereof to the owner of the
facility in exchange for a warranty deed conveying to the City
title to such building and site therefor, consisting of the
real estate described in Section 1 of 'this Ordinance, together
with the building located thereon, and any other improvements,
fixtures and appurtenances relating thereto.
SECTION 7. The City hereby desiglnates The National Bank
of America at Salina, in the City of Salina, Kansas, as the
City's fiscal agent, herein referred to as the "Fiscal Agent".
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There is hereby authorized and order�d to be established in the
hands of the Fiscal Agent a sinking fund to be designated as
the "City of Salina, Kansas, Principal and Interest Account for
i
Salina, Kansas, The Wyatt Manufacturing Co., Inc. Revenue Bonds
of 1969, dated April 1, 1969" (hereinafter referred to as
"Principal and Interest Account"). II� addition, there is hereby
authorized and ordered to be established in the hands of the
Fiscal Agent a separate account to be'designated as "The Wyatt
Manufacturing Co., Inc. Revenue Account`, (hereinafter referred
to as "Revenue Account').
SECTION 8. The City covenants a d agrees that from and
after the delivery of the revenue bonds herein authorized and
so long as any of the bonds shall remain outstanding the City
will maintain or cause the Fiscal Agent to maintain the Princi-
pal and Interest Account and the Revenue Account referred to in
Section 7.
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SECTION 9. So long as any of the bonds herein authorized
remain outstanding and unpaid The Wyatt Manufacturing Co., Inc.
shall deposit in the Principal and Interest Account of the
Fiscal Agent, semiannually, on the 20th day of March and the
20th day of September of each year, commencing September 20,
1969, the amount of the basic rent payable under the terms of
the Lease dated March 1, 1969, in an amount equal to (a) the
interest becoming due on the bonds on the next succeeding inter-
est payment date as required under Exhibit "A" hereto and (b)
such additional amounts as may be necessary to pay the principal
of the bonds when the same become due as set forth in Exhibit
"B" hereto. All amounts credited to and deposited in the Prin-
cipal and Interest Account shall be extended and used for the
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sole purpose of paying the principal of and interest on the
bonds herein authorized as the same become due.
SECTION 10.
So long as any of the bonds herein authorized
remain outstanding and unpaid, The Wyatt Manufacturing Co., Inc.
shall deposit in the Revenue Account of the Fiscal Agent, from
time to time as required, and upon demand of the Fiscal Agent,
such amount or amounts of money as may be necessary to pay when
due the fees, taxes, insurance premiu s and other costs and
expenses required to be paid as additional rent under the provi-
sions of Article II of the Lease dated March 1, 1969. The
Fiscal Agent shall make disbursements from funds deposited with
it in the Revenue Account for the payment of any expenses in-
curred by the City in connection with,the issuance and sale of
the bonds, including but not limited to underwriting expenses,
legal fees, expenses of counsel and publication expenses, which
expenses shall be paid by the Fiscal Agent as directed by the
City, and for the payment of all fees charges and expenses of
the Fiscal Agent or the Paying Agent, and for the payment of
taxes, assessments, insurance premiums and the like required
to be paid from amounts received froml,the Company as additional
rent under the provisions of Article TI of the Lease dated March
1, 1969. If at any time, the Fiscal Agent determines that there
are sufficient funds in the Revenue Account to pay such fees,
taxes, premiums and other expenses for the succeeding six months,
the amount of such excess may be paid to the Company, provided
that such excess shall not be paid to the Company if at such
time the Principal and Interest Account is insufficient to fully
pay interest and principal to become due on the next succeeding
payment date in accordance with Exhibit "A" and Exhibit "B"
hereto.
SECTION 11. When moneys accumulated in the Principal and
Interest Account shall aggregate an amount sufficient to pay
the principal of any of the revenue bonds then outstanding, and
all interest accrued to the date fixed for redemption and payment,
and when the bonds become subject to redemption, the City shall
proceed to give notice of such redemption in the manner herein
specified, and the Fiscal Agent, as Paying Agent, shall use
moneys in said account for said purpose. After full payment of
the bonds and interest thereon, any balance in the Principal and
Interest Account shall be returned totheCompany.
SECTION 12. Moneys credited to and deposited in the Prin-
cipal and interest Account may be invested by the Fiscal Agent,
upon instructions from the Company, in direct obligations of the
United States Government becoming duenot later than 10 days
prior to the next interest payment date. No investment shall
be made hereunder for a longer period of time than the Fiscal
Agent determines that said funds are nIot required for the pur-
pose for which they are intended. All linterest on any bonds or
other investments held in the Principal and Interest Account
shall accrue to and become a part of such account.
SECTION 13. So long as any of the principal of and inter-
est on the revenue bonds herein authorized remain outstanding
and unpaid, the City covenants with each of the purchasers and
owners of the bonds as follows:
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(a) The City will comply fully with all the terms, provi-
sions and conditions of the Lease to the extent it requires per-
formance by or imposes duties on the (City and it will not permit
any default to occur on the part of the City; that it will fully
and promptly enforce, and permit the Fiscal Agent to enforce on
its behalf and on behalf of the bondholders, all of the terms,
provisions and conditions of the Lease to the extent it requires
performance by or imposes duties on the Company; and, in the
event of the occurrence of a default as defined in the Lease,
that it will exercise, and permit the Fiscal Agent to exercise
on its behalf and on behalf of the bondholders, all rights and
remedies conferred by the Lease for the full and complete pro-
tection of the security and the rights of the bondholders, and,
to the extent permitted by the Lease, will use its best efforts
to procure a new tenant or tenants for the leased property under
lease provisions which will provide funds sufficient in amount
to make the rental payments and other charges which the Company
is required to make under the Lease dated March 1, 1969. If
the City is unable to procure a new tenant who will enter into
such a lease, the City may, with the consent of the holders of
not less than seventy-five per cent (75%) of the bonds herein
authorized at the time outstanding, sell the facility without
any right of redemption at a price which is not less than the
amount of the then outstanding revenuelbonds plus interest then
unpaid. If the City is unable to sell', the facility at such a
price, the City shall transfer and convey the facility to the
various bondholders without any right of redemption in the same
proportions that the bonds are then owned and held by them.
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F�
(b) The City will enforce, andlwill permit the Fiscal
Agent to enforce on its behalf and on behalf of the bondholders,
collection of the rental payments an other charges in the
amounts and at the times set forth in the Lease dated March 1,
1969, and will not reduce or cause orl permit to be reduced the
rental payments and other charges fixed, established and re-
quired by the Lease nor change or alter the time or times when
the same are due and payable under said Lease. The City's obli-
gation to pay the expenses of such enforcement shall be limited
to funds made available to it for that purpose by the bond-
holders or other interested parties.
(c) Until payment of all the bonds and interest thereon
has been duly made or provided for, the City will not consent
to any change, amendment, modification or termination of the
Lease, except as provided therein, which will in any manner
adversely affect the rights, remedies, security or interest of
the bondholders.
(d) Any purchase price of the leased property received
by the City pursuant to the termination of the Lease, any pro-
ceeds of condemnation awards, any insurance proceeds and any
other funds received by the City and intended for the payment
of the bonds and the interest thereon Will be used solely and
exclusively to pay the bonds herein authorized and the interest
thereon according to their terms or tolredeem and pay any of
the bonds then outstanding and unpaid and then subject to redemp-
tion and payment. Upon receipt of any such funds, if the bonds
are then subject to redemption and payment, the City shall pro-
ceed promptly to call the revenue bonds for redemption and
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payment according to their terms and shall give notice thereof
as required in this Ordinance. Such funds shall be deposited
in the Principal and Interest Account maintained by the Fiscal
Agent, and the same shall be used solely for the payment of
the revenue bonds herein authorized, accrued interest thereon
and the charges of the Fiscal Agent for paying the same, and
after full payment of such amounts, the balance of such funds,
if any, shall be allocated and credited to the Revenue Account.
(e) The City will not issue any other obligations payable
from payments to be made by The Wyatt Manufacturing Co., Inc.
pursuant to the Lease, nor voluntarily create or cause to be
created any debt, lien, pledge, assignment, encumbrance, or any
other charge on said payments or on the property subject to the
Lease nor will it sell or otherwise dispose of the facility or
any part thereof, unless required by law or by the terms of the
Lease.
SECTION 14. The provisions of the bonds authorized by this
Ordinance and provisions of this Ordinance may be modified or
amended at any time by the City with the written consent of the
holders of not less than seventy-five per cent (75%) in aggregate
principal amount of the bonds herein authorized at the time out-
standing; provided, that no such modification or amendment shall
permit or be construed as permitting: (a) the extension of the
maturity of the principal of any of the bonds issued hereunder,
or the extension of the maturity of any interest on any bonds
issued hereunder; (b) the reduction in the principal amount of
any bonds or the rate of interest thereon, or (c) the reduction
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in the aggregate principal amount of bonds, the consent of the
holders of which is required for any such amendment or modifi-
cation. Any provision of the bonds or of this Ordinance may,
however, be modified or amended in any respect with the written
consent of the holders of all of the (bonds then outstanding.
Every amendment or modification of a (provision of the bonds or
of this Ordinance to which the written consent of the bond-
holders is given as above provided shall be expressed in an
ordinance of the City amending or supplementing the provisions
of this Ordinance and shall be deemedl,to be a part of this
Ordinance. It shall not be necessaryl�to note on any of the
outstanding bonds any reference to any such amendment or modi-
fication. A certified copy of every Illsuch amendatory or supple-
mental ordinance, and a certified copy of this Ordinance shall
always be kept on file in the office of the City. Clerk and shall
be made available for inspection by the holder of any bond or
prospective purchaser or holder of any bond authorized by this
Ordinance, and upon payment of the reasonable cost of preparing
the same, a certified copy of any such amendatory or supplemental
ordinance or of this Ordinance will be sent by the City Clerk to
any such bondholder or prospective bondholder.
SECTION 15. The provisions of this Ordinance shall con-
stitute a contract between the City of Salina, Kansas, and the
holders of the revenue bonds herein authorized, and the holder
of any one or more of said bonds may bue, in any action, in
mandamus,
injunction,
or other
proceedings,
either
at law
or
in equity,
to enforce
or compel
performance
of all
duties
and
obligations required by this Ordinance to be done or performed
by the City. Nothing contained in this Ordinance shall, however,
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be construed to impose on the City any duty or obligation to
levy any taxes either to meet any obligation contained herein
or to pay the principal of or interest; on the revenue bonds of
the City herein authorized.
SECTION 16. The facility to be acquired pursuant to this
Ordinance shall be leased to The Wyatt Manufacturing Co., Inc.
under and pursuant to a Lease dated March 1, 1969, in the form
authorized by Ordinance No. S- (,, of said City.
Said bonds or any part thereof may be refunded and the refunding
bonds so issued shall enjoy complete equality of pledge with
any of the revenue bonds issued hereunder, which are not refunded,
if any there be, upon the revenues of the facility, provided,
however, that if only a portion of the revenue bonds herein
authorized be refunded and if said bondsare refunded in such
manner that the refunding bonds bear a higher rate of interest
or become due on a date earlier than that of any of the bonds
issued hereunder which are not refunded, then said bonds may be
refunded only by and with the written consent of the holders of
seventy-five per cent (75%) of the bonds herein authorized not
refunded.
SECTION 18. If any one or more of the covenants, agreements
or provisions of this Ordinance or of the Lease dated March 1,
1969, should be held contrary to any express provision of law
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SECTION
17. The City of Salina,
Kansas, shall have the
right, if it
shall find it desirable,
to refund any of the
revenue bonds
herein authorized then
subject to redemption or
becoming due
under the provisions of
any law then available.
Said bonds or any part thereof may be refunded and the refunding
bonds so issued shall enjoy complete equality of pledge with
any of the revenue bonds issued hereunder, which are not refunded,
if any there be, upon the revenues of the facility, provided,
however, that if only a portion of the revenue bonds herein
authorized be refunded and if said bondsare refunded in such
manner that the refunding bonds bear a higher rate of interest
or become due on a date earlier than that of any of the bonds
issued hereunder which are not refunded, then said bonds may be
refunded only by and with the written consent of the holders of
seventy-five per cent (75%) of the bonds herein authorized not
refunded.
SECTION 18. If any one or more of the covenants, agreements
or provisions of this Ordinance or of the Lease dated March 1,
1969, should be held contrary to any express provision of law
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or contrary to the policy of express ,law, though not expressly
prohibited, or against public policy,, or shall for any reason
whatsoever be held invalid, then suchllcovenants, agreements or
provisions shall be null and void andllshall be deemed separate
from the remaining covenants, agreeme pts or provisions, and shall
in no way affect the validity of the other provisions of this
Ordinance or of the bonds or coupons issued hereunder, or the
Lease.
SECTION 19. The bonds authorized hereunder shall be offered
for issue solely to bona fide residents of the State of Kansas
and banks maintaining principal offices in the State of Kansas.
for investment purposes and not for further distribution or resale.
SECTION 20. The City of Salina, Kansas hereby waives the
exemption from taxation which would otherwise be available to
it with respect to the facility under the provisions of K.S.A.
79-201 Sixth (1968 Supp.), so that the facility shall be subject
to ad valorum property taxes and assessments in the same manner
and to the same extent as would have been applicable if the
City had not acquired the same, but the waiver of such exemption
with respect to the facility shall not constitute a waiver of
any tax exemption otherwise available with respect to the bonds
and the interest or income therefrom.
SECTION 21. This Ordinance shall take effect and be in
force from and after its passage and publication in the official
City paper.
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F-7
L
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PASSED by the Governing Body of',theCity of Salina, Kansas,
this 17th day of March., 1969.
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lea'or
Y
ATTEST:
City Clerk
APPROVED by the Mayor this 17th day of March, 1969.
Mayor
ATTEST:
City Clerk
I
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F]
J
SALINA, KANSAS, THE WYATT MANUFACTURING
CO., INC. REVENUE BOND OF 1969,
DATED APRIL 1, 19691'
Interest shall be payable on the City of Salina, Kansas,
The Wyatt Manufacturing Co., Inc. Revenue Bonds of 1969, on the
dates and in the aggregate amounts as follows:
April 1, 1969 $
October 1, 1969
April 1, 1970
October 1, 1970
April 1, 1971
October 1, 1971
April 1, 1972
October 1, 1972
April 1, 1973
October 1, 1973
April 1, 1974
October 1, 1974
April 1, 1975
October 1, 1975
April 1, 1976
October 1, 1976
April 1, 1977
October 1, 1977
April 1, 1978
Total
3,000.00
3,000.00
3,000.00
2,820.00
2,640.00
2,460.00
2,220.00
2,100.00
1,920.00
1,740.00
1,620.00
1,380.00
1,200.00
1,020.00
840.00
660.00
480.00
240.00
$32,340.00
The aggregate amount of interest payable in accordance with the
foregoing schedule is based upon the number of bonds to be out-
standing on each applicable date after considering the redemption
and payment of bonds as required under the provisions of Section
9 of the Ordinance to which this Exhiojit "A" is attached.
Bond Ordinance
Exhibit "A"
SALINA, KANSAS, THE WYATT MANUFAC U
CO., INC. REVENUE BOND OF 196 ,
DATED APRIL 1, 1969
NG
Principal shall be payable on the C ty of Salina, Kansas,
The Wyatt Manufacturing Co., Inc, Revenu Bonds of 1969, on the
dates and in the aggregate amounts as follows:
April 1, 1969
October 1, 1969
April 1, 1970
October 1, 1970
April 1, 1971
October 1, 1971
April 1, 1972
October 1, 1972
April 1, 1973
October 1, 1973
April 1, 1974
October 1, 1974
April 1, 1975
October 1, 1975
April 1, 1976
October 1, 1976
April 1, 1977
October 1, 1977
April 1, 1978
Total
Bond Ordinance
Exhibit "B"
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
6,000.00
8,000.00
8.000.00
$100,000.00
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