7016 GO Bonds P-204CONSOLIDATED-SALINA
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ORDINANCE NUMBER '701 � `
(Published in The Salina Journal 1ybV, WL -e-%( O , 1967)
AN ORDINANCE authorizing the issuance of Internal Improvement Bonds of the City
of Salina, Kansas, in the sum of $155,000.00, to pay the cost of Sanitary Sewer
and Street Improvements in said City to be designated as Series P-204.
WHEREAS, the cost of constructing streets and sewers as per Resolutions
Numbered 2840, 2843, 2847, and Ordinance Numbers 6909, and 6974 'has been
determined to be $155,635.07, and
WHEREAS, the total cost of improving streets has been ascertained and the
portion thereof in the amount of $10,165.28 was apportioned to the City at Large
and of this amount $635.07 has been duly paid by the City Water ',Department to
cover cost of water pipe and hydrants, leaving a balance of $9,530.21, 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 and 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 cf said street and sanitary 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
for sanitary sewers has been ascertained and has been hereby found and determined
to be the sum of $145,469.79, 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, duly passed and approved of which amount none has been 'duly paid by the
property owners liable therefor, leaving the amount of $145,469479 for which
bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $155,000.00 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 improvements 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 $155,000.00 which shall consist of 31 bonds numbered 1 to 31 inclusive all
dated November 1, 1967; and shall bear interest as follows, bonds numbered 1 to 4
inclusive shall bear interest at the rate of 4.25 per cent per �nnum, and bonds numbered
5 to 20 inclusive shall bear interest at the rate of 3.70 per cent per annum, and bonds
numbered 21 to 31 inclusive shall bear interest at the rate of 4 per cent per annum,
from and after said date until the respective maturities of said bonds, payable
semiannually 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:
CONSOLIDATED-SALWA
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Bond
Numbers
Denomination
Amount
Maturity
1
to
2
$5,000.00
$10,000.00
November
1,
1969
_
3
to
4
5,000.00
10,000.00
November
1,
1970
5
to
6
5,000.00
10,000.00
November
1,
1971
7
to
8
5,000.00
10,000.00
November
1,
1972
9
to
10
5,000.00
10,000.00
November
1,
1973
11
to
12
5,000.00
10,000.00
November
1,
1974
13
to
14
5,000.00
10,000.00
November
1,
1975
15
to
16
5,000.00
10,000.00
November
1,
1976
17
to
18
5,000.00
10,000.00
November
1,
1977
19
to
20
5,000.00
10,000.00
November
1,
1978
21
to
22
5,000.00
10,000.00
November
1,
1979
23
5,000.00
5,000.00
November
1,
1980
24
5,000.00
5,000.00
November
1,
1981
25
5,000.00
5,000.00
November
1,
1982
26
5,000.00
5,000.00
November
1,
1983
27
5,000.00
5,000.00
November
1.
1984
28
5,000.00
5,000.00
November
1,
1985
29
5,000.00
5,000.00
November
1,
1986
30
5,000.00
5,000.00
November
1,
1987
31
5,000.00
5,000.00
November
1,
1988
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-204 and shall be in
the form and shall contain recitals substantially as follows, to -wit:
CONSOLIDATED-SALINA
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UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
No. Series P-204 $
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.
This bond is one of a series of 31 bonds of like date and tenor, excepting number,
interest rate and maturity, aggregating the principal sum of $155,000.00 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 Sections 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 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 its: 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, 1967.
Attest:
City Clerk
Mayor
CONSOLIDATED -SAUNA
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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, Kansas,) City of Salina, Kansas
being six months interest on its Internal )
Improvement Bond, Series P-204, dated November 1, )
1967. )
No. )
--———---————————
__ (Facsimile) )
Mayor ) $
Attest: (Facsimile) )
City Clerk )
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STATE OF KANSAS )
SS
COUNTY OF SALINE )
I, H. E. Peterson, City Clerk of the City of Salina, Kansas, hereby certify
that the within Internal Improvement Bond, Series P-204 of the City of Salina,
Kansas, has been duly registered in my office according to law.
Witness my hand and official seal this
City Clerk
OFFICE OF THE STATE AUDITOR OF KANSAS
, 1967.
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
By:
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State Auditor of Kansas
Director of Post Audits
CONSOLIDATED -SALIVA
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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 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 the property liable therefor, as provided 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.
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(SEAL)
Attest:
City Clerk
Introduced: October 23, 1967
Passed: October 30, 1967