6940 GO Bonds P-202CONSOLIDATED-SALINA
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ORDINANCE NUMBER V� v
(Published in The Salina Journal A&PrYiYA ( 0 , 1966)
An ordinance authorizing the issuance of Internal Improvement Bonds of the City
of Salina, Kansas, in the sum of $340,000.00, to pay the cost of Sanitary Sewer
and Street Improvements in said City to be designated as Series P-202.
WHEREAS, the cost of improving streets as per Resolutions Numbered 2793, 2798,
2799, and Ordinance Numbers 6835, and 6884 has been determined to be $59,555.70, and
WHEREAS, the cost of improving streets as per Resolutions Numbered 2779,2781,
2783, and Ordinance Numbers 6818, and 6880 has been determined to be $57,003.85, and
WHEREAS, the cost of improving streets as per Resolutions Numbered 2802, 2807,
2808, and Ordinance Numbers 6847, and 6908 has been determined to be $232,834.64, and
WHEREAS, the cost of the construction of Sanitary Sewers as per Ordinance
Numbers 6816, 6836, 6848, 6855, 6906 has been determined to be $4,069.23, and
WHEREAS, the cost of the construction of Sanitary Sewers as per Ordinance
Numbers, 6868, 6879, 6907 has been determined to be $3,349.28, and
WHEREAS, the total cost of improving streets has been ascertained and the
portion thereof in the amount of $23,907.13 was apportioned to the City at Large
and of this amount $9,708.79 has been duly paid by the City Water Department to
cover cost of water pipe and hydrants, leaving a balance of $14,198.34, 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 of 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 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 $332,905.57, 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 $7,103.91, has been duly paid
by the property owners liable therefore, leaving the amount of $325,801.66 for
which bonds are to be issued; and
WHEREAS, bonds in the aggregate sum of $340,000.00 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 $340,000.00 which shall consist of 68 bonds numbered 1 to 68 inclusive all
dated November 1, 1966; and shall bear interest as follows, bonds numbered 1 to 7
inclusive shall bear interest at the rate of 3.80 per cent per annun, and bonds
numbered 8 to 28 inclusive shall bear interest at the rate of 5 per cent per annum,
and bonds numbered 29 to 68 inclusive shall bear interest at the rate of 3.75 per cent
per annum,
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CONSOLIDATED-SALINA
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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:
Bond Numbers
Denomination
Amount
Maturity
1 to 7
$5,000.00
$35,000.00
November 1,
1968
- 2 3�
8 to 14
5,000.00
35,000.00
November 1,
1969
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15 to 21
5,000.00
35,000.00
November 1,
1970
- 1.'"b
22 to 28
5,000.00
35,000.00
November 1,
1971
29 to 35
5,000.00
35,000.00
November 1,
1972
36 to 42
5,000.00
35,000.00
November 1,
1973
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43 to 49
5,000.00
35,000.00
November 1,
1974
50 to 56
5,000.00
35,000.00
November 1,
1975
57 to 62
5,000.00
30,000.00
November 1,
1976
63 to 68
5,000.00
30,000.00
November 1,
1977
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Section 2. Said
bonds shall be signed by
the Mayor by facsimile
signature
and
shall be attested by the
facsimile 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 bondsshall be designated as Series P-202 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-202 $
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 68 bonds of like date and tenor, excepting number,
interest rate and maturity, aggregating the principal sum of $340,000.00 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 the facsimile signature of its Mayor and its corporate seal
to be hereto affixed, attested by the facsimile signature of its City Clerk and
the coupons hereto attached to be signed with the facsimile signatures of said
officiers and this bond to be dated the first day of November, 1966.
Attest:
City Clerk
Mayor
CONSOLIDATED-SALINA
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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
Kansas, being six months interest on its )
Internal Improvement Bond, Series P-202 dated )
November 1, 1966. )
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-202 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
1966.
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.
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 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.
(SEAL)
Attest:
City Clerk
Introduced: October 31, 1966
Passed: � %, ( �? 6 C
Mayor