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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. - 1 - 1 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 - 2 - 1 $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 - 3 - 1 1 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 - 4 - $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 - 5 - 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 - 6 - 1 1 1 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 - 7 - 1 (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 - 8 - 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". - 9 - 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. - 10 - 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 - 10 - 1 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: - 12 - 1 (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. - 13 - 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 - 14 - 1 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 - 15 - 1 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, - 16 - 1 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 - 17 - 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 - 17 - 1 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. - 18 - I F-7 L I PASSED by the Governing Body of',theCity of Salina, Kansas, this 17th day of March., 1969. - --------------- lea'or Y ATTEST: City Clerk APPROVED by the Mayor this 17th day of March, 1969. Mayor ATTEST: City Clerk I - 19 -- 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 f