6885 GO Bonds P-198CONSOLIDATLD-SALINA
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ORDINANCE NUMBER /Fy r
(Published in The Salina Journal OoLy✓ g 1965)
An Ordinance authorizing the issuance of Internal Improvement Bonds of the City
of Salina, Kansas, in the sum of $265,000.00, to pay the cost of Street Improvements
in said City to be designated as Series P-198.
WHEREAS, the cost of Improving streets as per Resolution Numbers 2720, 2726,
2727, and Ordinance Numbers 6737, 6798 has been determined to be $50,853.15; and
WHEREAS, the cost of Improving Streets as per Resolution Numbers 2689, 2692,
2693, and Ordinance Numbers 6728, 6841, has been determined to be $272,414.79; and
WHEREAS, the total cost of improving streets has been ascertained and the
portion thereof in the amount of $175,268.27 was apportioned to the City at Large
and of this amount $16,996.76 has been duly paid by the City Water Department to
cover the cost of water pipe and hydrants, leaving a balance of $158,271.51, to be
paid by general taxes to be levied upon all taxable property within 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 of said street improvements, which are to be paid by
Special Assessments and to be levied upon lots and pieces of ground liable for the
payment said street and grading in said streets has been ascertained and has been
hereby found and determined to be the sum of $147,999.67, which amount has been
heretofore duly assessed and apportioned to the several lots and pieces of ground
liable therefore according to law provided for in the Ordinances of the City of
Salina, Kansas, relating thereof, duly passed and approved of which amount the sum
of $41,271.18 has been duly paid by the property owners liable therefore, leaving
the amount of $106,728.49 for which bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $265,000.00 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 $265,000.00
which shall
consist of 53 Bonds Numbered 1 to 53 inclusive
all dated November
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CONSOLIDATED-SALINA
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from and after said date until the respective maturities of said bonds, payable"
4, -,,',,annually on May 1,4each year, said interest to be evidenced by interest coupons
as herein provided for and said bonds shall become due as follows:
Bond Numbers
Denomination
Amount
Maturity
1
to
3
$5,000.00
$15,000.00
May
1,
1967
4
to
6
5,000.00
15,000.00
May
1,
1968
7
to
9
5,000.00
15,000.00
May
1,
1969
10
to
12
5,000.00
15,000.00
May
1,
1970
__13
to
15 __
5,000.00
15,000.00
May
1,
1971
16
to_
18
5,000.00
15,000.00
May
1,
1972
19
to
21
5,000.00
15,000.00
May
1,
1973
22
to
24
5,000.00
15,000.00
May
1,
1974
25
to
27
5,000.00
15,000.00
May
1,
1975
28
to
30
5,000.00
15,000.00
May
1,
1976
Y14
31
to
33
5,000.00
15,000.00
May
1,
1977
34
to
36
5,000.00
15,000.00
May
1,
1978
37
to
39
5,000.00
15,000.00
May
1,
1979
40
to
41
5,000.00
10,000.00
May
1,
1980___
42
to
43
5,000.00
10,000.00
May
1—,1981
45
5,000.00
10,000.00
May
1,
1982
46
to
47
5,000.00
10,000.00
May
1,
1983
48
to
49
5,000.00
10,000.00
May
1,
1984
50
to
51
5,000.00
10,000.00
May
1,
1985
52
to
53
5,000.00
10,000.00
May
1,
1986
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-198 and shall be
in the form and shall contain recitals substantially as follows, to -wit:
CONSOLIDATED -SALIVA
J
No.
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
INTERNAL IMPROVEMENT BOND
Series P-198 $
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
per cent 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 53 bonds of like date and tenor, excepting number,
interest rate and maturity, aggregating the principal sum of $265,000.00 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 10-133; 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 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, 1965.
Attest:
City Clerk
Mayor
CONSOLIDATED-SALMA
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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, ) City of Salina, Kansas
Kanaas, being six months interest on its )
Internal Improvement Bond, Series P-198 dated )
November 1, 1965. )
No. )
--------------------
(Facsimile) ) $
Mayor )
Attest: (Facsimile) )
City Clerk )
------------------------ --------------------
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-198 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
1965.
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
State Auditor of Kansas
Director of Post Audits
CONSOLIDATED-SALINA
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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.
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Section S. 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 for by law.
Section 6. This ordinance shall take effect and be in force from and after its
adoption and publication once in the official city paper.
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Introduced:
Passed:
(SEAL)
Attest:
City Clerk