6644 Issuance Temp NotesCONSOLIDATED -SALIVA
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ORDINANCE NUMBER 1 ! -
(Published in The Salina Journal � 1962)
AN ORDINANCE providing for the periodic issuance of Temporary Notes of the City of Salina,
Kansas, in the principal sum not to exceed $65,000.00, to pay for the cost of erecting,
constructing, furnishing and equipping a public building and for other necessary costs
authorized by Chapter 12, Article 17 of the Laws of the State of Kansas.
WHEREAS, the Board of Commissioners of the City of Salina, Kansas, on the 1st day of
July, 1960, passed Resolution Number 2638 providing for the erecting, constructing,
furnishing and equipping of a building, and for other necessary costs.
WHEREAS, the City Engineer has prepared and filed with the City Clerk plans and
specifications for said building.
WHEREAS, all legal requirements pertaining to such improvements has been complied with
and preliminary planning and engineering has progressed to a point where the issuance of
temporary notes of said City is and will be required to finance the same, as authorized by
Chapter 12, Article 17, of the Laws of Kansas.
NOW THEREFORE BE IT ORDAINED by the Board of Commissioners of the City of Salina, Kansas:
Section 1. That for the purpose of paying the cost of erecting, constructing, furnish
and equipping a public building, and for other necessary costs, described in the preamble
hereto, there shall be issued temporary notes of the City of Salina, Kansas, in a total
aggregate principal amount not exceeding Sixty Five Thousand Dollars ($65,000.00), the
estimated cost and expense of the aforesaid improvement.
Section 2. The temporary notes authorized by Section 1 of this ordinance shall be
issued from time to time as required during the progress of said work, shall be authorized
by resolution, shall be dated as of the date when issued respectively, shall bear interest
at a rate not exceeding six per cent (670) payable semi-annually, shall mature not later
than the due date of the bonds to be issued by said City as provided in Chapter 12, Article
17, Laws of Kansas, or four (4) years from the date of said notes, whichever is sooner, shalt
be callable for payment in advance of maturity in the manner hereinafter specified in the
form of note and shall be redeemed and cancelled before or at the time permanent bonds are
issued in lieu thereof.
Section 3. That each of the temporary notes provided for by this ordinance and the
certificates thereon shall be in substantially the following form:
9A
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
CITY OF SALINA
Temporary Note
N0.
KNOW ALL MEN BY THESE PRESENTS: That the City of Salina, in the County of Saline, State of
Kansas, for value received, hereby acknowledges itself to be indebted and promises to pay
to the bearer the sum of Dollars
($ ) in lawful money of the Unites States of America, on the
day of , 19 , or prior thereto if called for
payment as hereinafter provided, being redeemable and cancelable before or at the time
permanent bonds are issued in lieu, with interest thereon from the date of this note, at they
rate of per cent ( 70) per annum, payabDle
semi-annually hereafter until the said principal sum shall have been paid, both principal
and interest of this note being payable at the office of the City Treasurer of the City of
Salina, Kansas; and the City of Salina, Kansas, is held and firmly bound by these presents
and its faith and credit are hereby irrevocably pledged for the prompt payment of said
principal and interest at maturity. The said City may call this note for payment at any
time before maturity by serving written notice to that effect on the holder of this note or
by publication once in a newspaper of general circulation in said City at least seven days
before the date of such call, and may redeem this note on the date of such call for the amou
of the principal and interest accrued to that date and interest shall cease on such date.
This note is issued by the City of Salina, Kansas, for the purpose of paying the actual
accrued unpaid costs of improvements duly and regularly authorized in connection with the
Salina Public Building Improvement and is issued by authority of and in full compliance and
confirmity with the provisions, restrictions and limitations of the resolutions and
ordinances of said city and of the Constitution and laws of the State of Kansas, and
particularly Chapter 12, Article 17, and Section 10-123 of the 1961 Supplement to the
General Statutes of Kansas, 1949.
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CONSOLIDATED-SALINA
And it is hereby declared and certified that all acts, proceedings, conditions and
things required to be done and to exist precedent to the issuance of this note have been
property had and done and performed and do exist in due and regular form and manner as
required by the laws and constitution of the State of Kansas; that this note is negotiable
and constitutes a general obligation of said City; that this note and previously issued
and outstanding notes and bonds issued for said improvement do not exceed the estimated
cost and expense of said improvement; and that the total indebtedness of the City of Salina,
Kansas, including this note, does not exceed any statutory or constitutional limitation.
IN TESTIMONY WHEREOF, The City of Salina, in the State of Kansas, by its governing bod ,
has caused this note to be signed by its Mayor, attested by its City Clerk, and its corporat
seal to be hereto affixed, this day of , 19
(SEAL)
Attest:
City Clerk
STATE OF KANSAS
SS
COUNTY OF SALIN
Mayor
I, the undersigned, City Clerk of the City of -Salina, Kansas, do hereby certify that
this temporary note has been duly registered in my office according to law.
Witness my hand and the seal of this said City, this day of 19
(SEAL)
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STATE OF KANSAS
} SS
COUNTY OF `)
City Clerk
I, the undersigned, Auditor of the State of Kansas, do hereby certify that this note
has been registered in my office according to law.
Witness my hand and official seal this day of
(SEAL)
, 19
Auditor of the State of Kansas
Section 4. The Mayor and the City Clerk of the City of Salina, Kansas, are hereby
directed, authorized and empowered to prepare and execute each of the notes described in
this ordinance and do all things necessary, as, if, and when the issuance of each such
note is authorized by a resolution of the governing body of said City, and to sell and
deliver the same at private sale, at par and accrued interest, according to law to the
lawful purchaser thereof upon receipt of the purchase price and apply the proceedings of
such sale to the payment of the acutal cost and expense of the Salina Public Building
Improvement described in the preamble of this ordinance.
Section 5. This ordinance shall take effect and be in force from and after its
publication in the official city paper.
(SEAL)
Attest:
City Clerk
Introduced: July 17, 1962
Passed: July 24, 1962
Mayor