5916 Issue Park Bonds - PK-1641
1
Lei
ORDINANCE NUMBER 5916
(Published in the Salina Journal '<-z-C) ,195+)
AN ORDINANCE authorizing and providing for the issuance of the bonds of the City of Salina,
Kansas, in the sum of $275,000.00 to pay the cost of acquiring lands for public parks
and developing the same for such purpose, to be designated as Series "PK -164".
WHEREAS, at an election duly called and regularly held in the City of Salina, Kansas,
on August 3, 1954, there was submitted to the qualified electors of said city a propos-
ition of "Shall the City of Salina issue its general obligation bonds in the amount of
$275,000.00 under the provisions of Section 13-1024, 1953 Supplement to the General
Statutes of Kansas, 1949, for the purpose of paying the cost of acquiring land for public
parks and developing the same for such purposes within t6'lwithout the said city", all
pursuant to Ordinance Number 5867 of said city and laws of the State of Kansas...; and
WHEREAS, all directives of said ordinance, numbered 5867, and the requisites of the laws
of the State of Kansas were duly and timely complied with; and
WHERHAS, at such election the magority of said votes cast thereat upon said proposition
were cast in favor of authorizing the said City of Salina to issue its bonds in said sum
for such purpose, all as duly and regularly determined by the Board of Commissioners of
said city meeting as a Board of Canvassers (ex officio) in the manner and form required
by a law; and
WHEREAS, Harold F. Harper, City Engineer of said city, was be resolution Number 1494, duly
adopted by the Board of Commissioners of said city, directed to and did submit unto the
Board of Commissioners of said public parks and developing and the same for such purpose,
all in compliance with the directives of said resolution numbered as aforesaid; and
WHEREAS, said Board of Commissioners did receive, accept, and approve said detailed es-
timate of cost thereof; and
WHEREAS, the estimate of cost was the sum of $275,000.00; and
SO, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF SALINA,
KANSAS:
Section 1. AUTHORIZATION OF BOND ISSUE. That the foregoing preambles are here-
by made a part of this ordinance. That the Board of Commissioners of the City of Salina,
Kansas, deem it necessary to provide for the acquisition of land for public parks and the
development of the same for such pirpose as heretofore duly authorized by the qualified
electors of said city. That for the purpose of paying the cost of acquiring said land
and developing the same for said purpose, it is hereby ordered that internal improvement
e
and general obligation bonds of the City of Salina, Kansas, in the principal sum of
$275,000.00 be issued, that being the estimated cost of acquiring said land and developing
the same as duly authorized as aforesaid. That the sum of $275,000.00 shall be represent-
ed by 275 bonds in the principal sim of $1,000 each, and numbered 1 to 275, both in-
clusive, and said bonds shall be dated November 1, 1954. Said bonds shall bear interest
one and give -eighths per cent per annum,
at the rate/payable May 1, 1955, and semi-annually thereafter on the succeeding November
1 and May 1 of each year. Said interest shall be evidenced by interest coupons as herein
provided for, and said bonds shall become due as follows:
MATURITY MATURITY
NUMBERS TOTAL MAY1 NOVEMBER 1
1-- 13 $13,000 1956
14- 27 $14,000 1956
28- 41 $14,000 1957
42-55 $14,000 1957
56- 68 $13,000 1958
69- 82 $14,000 1958
83- 96 $14,000 1959
97-110 $14,000 1959
111-123 $13,000 1960
124-137 $14,000 1960
138-151 $14,000 1961
152-165 $14,000 1961
166-178 13,000 1962
179-192 14,000 1962
193-2o6 $14,000 1963
!
MATURITY
MATURITY
NUMBERS TOTAL
MAY 1
NOVEMBER 1
I
207-220 $14,000
221-233
1964
1963
$1144,000
1964
S
248-261
1965
i
262-275 $14,000
1965
d
y
e
Section 2. EXECUTION AND REGISTRATION.
That 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. Each of said bonds shall have interest coupons
attached, which coupons shall be in the form required by law and each thereof shall bear
the lithographed facstmile signature of the Mayor and City Clerk of said city; and said
bonds, with interest coupons attached, shall be registered in the Office of the City
Clerk and in the Office of the State Auditor as required by law.
Section 3. FORM OF BONDS . Said bonds are hereby designated as Series "PK -164,"
and shall be in the form and contain recitals substantially as follows, to wit:
No.
$1,000.00
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE,
CITY OF SALINA
INTERNAL IMPROVEMENT BOND, SERIES " PK -164"
KNOW ALL MEN BY THESE PRESENTS:
That the City of Salina of the County of Saline, State of Kansas, acknowledges itself to
be indebted for value received and hereby promises to pay the stm of
ONE THOUSAND DOLLARS
in lawful money of the United States of America, on the first day of ,
19, with interest thereon from the date hereof at the rate ofOne & Fsve Eila cent
(1 per annum, payable May 1, 1955, and semi-annually thereafter on the first days
of each November and May in each year on presentation and surrender of the interest
coupons hereto affixed, as said coupons severally become due, both principal and interest
of this bond being payable at the Office of the State Treasurer of the State of Kansas in
the city of Topeka, Kansas. Said City of Salina, Kansas, is held and firmly bound by
these presents, and the full faith, credit, and resources of the said city are hereby
irrevocably pledged for the payment of said principal and interest at maturity.
This bond is one of a series of 275 bonds of like date and tenure, except number and
maturity, aggregating the principal sum of $275,000.00 issued by the City of Salina ,
Kansas, for the purpose of paying the cost of acquiring land for public parks and develop-
ing the same for such purpose, by authority of and in full compliance with the provisions,
restrictions, and limitations of the laws of the State of Kansas, including Sections 10-
101 to 10-125, both inclusive, of the General Statutes of Kansas, 1949, and all amend-
ments thereto and all other provisions of the laws of said state applicable thereto. 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, condijtions, 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 constitu-
tion and laws of the State of Kansas; and that the total indebtedness of said city, in- !
cluding 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 aigned by its Mayor and its corporate sealto be hereto affixed, attested by its City
Clerk, and the interest coupons hereto attached to be signed with the aacsimile signatures
of said officers, and this bond to be dated the first day of November, 1954•
Mayor
Attest:
.J,... ,,.......... 1� SAT -111A
1
(Facsimile)
Mayor
Attest:
(Facsimile)
City Clerk
STATE OF KANSAS )
) ss
COUNTY OF SALINE)
I, the undersigned, City Clerk of the City of Salina, Kansas, hereby certify
that the within Internal Improvement Bond, Series "PK -164", of the City of Salina, Kansas,
has been duly registered in my office according to law.
WITNESS my hand and official seal this dpy. of , 1954.
OFFICE OF THE AUDITOR
OF I= STATE OF KANSAS
I, George Robb, Auditor of the State of Kansas, do hereby certify that a trans-
cript 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 day of ,195 4.
WITNESS my hand and official seal.
Auditor of State
By:
Director of Posts -Audits
Section 4. DIRECTIONS. The Mayor and City Clerk are hereby directed to prepare
and execute the bonds hereinbefore described and when said bonds are duly executed and
registere, tp deliver said bonds to purchaser or purchasers thereof whose bid was duly
accepted by the City upon the receipt of the payment of the purchase price.
Section 5. FULL FAITH AND &MIT. Full Faith, credit and resources of the City
of Salina, Kansas, shall be and they are irrevocably pledged for the prompt payment of said
bonds and all interest thereon. The Board. of Commissioners of the City of Salina shall
annu]ly make provisions for the payment of the principal and interest on said bonds as
the same become due by levying taxes upon all property liable therefor within said city,
as provided by law.
COUPON
No.
November,
On the first
day of May, 19 , in the City
of Salina will pay to
the bearer
the sum of
Dollars and
cents, lawful money
of the United
i
States of America at the Office of the State Treasurer,
Topeka, Kansas, being
six months
interest on one of its
Internal Improvement Bonds, Series dated
November 11
1954.
1
(Facsimile)
Mayor
Attest:
(Facsimile)
City Clerk
STATE OF KANSAS )
) ss
COUNTY OF SALINE)
I, the undersigned, City Clerk of the City of Salina, Kansas, hereby certify
that the within Internal Improvement Bond, Series "PK -164", of the City of Salina, Kansas,
has been duly registered in my office according to law.
WITNESS my hand and official seal this dpy. of , 1954.
OFFICE OF THE AUDITOR
OF I= STATE OF KANSAS
I, George Robb, Auditor of the State of Kansas, do hereby certify that a trans-
cript 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 day of ,195 4.
WITNESS my hand and official seal.
Auditor of State
By:
Director of Posts -Audits
Section 4. DIRECTIONS. The Mayor and City Clerk are hereby directed to prepare
and execute the bonds hereinbefore described and when said bonds are duly executed and
registere, tp deliver said bonds to purchaser or purchasers thereof whose bid was duly
accepted by the City upon the receipt of the payment of the purchase price.
Section 5. FULL FAITH AND &MIT. Full Faith, credit and resources of the City
of Salina, Kansas, shall be and they are irrevocably pledged for the prompt payment of said
bonds and all interest thereon. The Board. of Commissioners of the City of Salina shall
annu]ly make provisions for the payment of the principal and interest on said bonds as
the same become due by levying taxes upon all property liable therefor within said city,
as provided by law.
Attest:
1
City Clerk
Introduced: NcWa�- ft4 1954
Passed: November 15th 195+
Mayor
Section 6,
This
ordinance
shall take effect and be in full force from and after
fits publication once
in the
official
city paper.
Attest:
1
City Clerk
Introduced: NcWa�- ft4 1954
Passed: November 15th 195+
Mayor