Loading...
5593 Issue GO Bonds, Series P-153ORDINANCE -NG. ---5593 - (Published in the Salina Journal 1 951) AN ORDINANCE authorizing and providing for the issuance of Improvement Bonds of the City of Salina, Kansas, in the sum of $38,093.79 to pay the cost of improving certain streets in said city to be designated as Series Number P-153• olHEREAS, pursuant to proceedings duly had according to law, contracts have been let and performed for the construction of the following street improvements in the City of Salina, Kansas, to -wit: Curbing, guttering and grading of Connecticut Avenue from the south line of Gypsum Avenue to thenorth line of Stack Avenue, as provided by Resolution Number 1182 and Ordinance Number 5504. Curbing, guttering and grading of Delaware Avenue from the south line of Gypsum Avenue to the north line of Stack Avenue, as provided by Resolution Number 1183 and Ordinance dumber 5501. Curbing, guttering and grading of Kenison Road from the north line of rflorningside Drive to the north line of Wilson Street, as provided by Resolution Number 1175 and Ordinance Number 550.. Curbing, guttering and grading of Morningside drive from the east line of Front Street to the east line of Kenison Road, as provided by Resolution Number 1176 and Ordinance Number 5504. Curbing, guttering and grading of Stack Avenue from: the center line of Ohio Street to the east line of Delaware Avenue, as provided by Resolution Number 1181 and Ordinance Number 550.. Curbing, guttering and grading of Wilson Street i'rorr the east line of Front Street to the center line of Sunrise z;rive, as provided by Resolution Number 1174 and Ordinance Number 5504. Curbing, guttering and grading of Beloit Avenue from the west line of Quincy Street west approximately 300 feet, as provided by Resolution Number 1155 and Ordinance Number 5467. Curbing, guttering and grading of Connecticut Avenue from the north line of Gypsum Avenue to the south line of Stapler Avenue, as provided by Resolution Number 1167 and Ordinance Number 5167. Curbing, guttering and grading of Lelaware Avenue from the north Eine of Gypsum Avenue to the south line of Stapler Avenue, as piovided by Resolution Number 1168 and Ordinance Plumber 5.67. Curbing, guttering and grading of the south side of Hamilton Avenue from the center line cf Eleventh Street to tine center line of Twelfth Street, as provided by Resolution Number 111x.8 and Ordinance Number 5467. Curbing, guttering and grading of Harsh Avenue from the center line of Eleventh Street to the center line of Twelfth Street, as provided by Resolution Number 1151 and Ordinance Number 51.67. Curbing, guttering and grading of Indiana Avenue from the center line of Gypsum Avenue to the south line of Stapler Avenue, as provided by Resolution Number 1169 and Ordinance Num':er 51.67. Curbing, guttering and grading of Pacific Avenue from the center line of Eleventh Street to the center line of Twelfth Street, as provided by Resolution Number 1152 and Ordinance 'lumber 5467. Curbing;, Euttering and grading of Stapler Avenue from the center line of Delaware Avenue to the east line of Indiana Avenue, as provided by Resolution Plumber 1170 and Ordinance Number 5167. Curbing, guttering and grading of the east side of T?;relfth Street from the center line of Harsh Avenue to the center line of Hamilton Avenue, as provided by Resolution Number 1149 and Ordinance Number 5467. Curbing, guttering and grading of Twelfth Street from the center line of Pacific Avenue to the center line of Harsh Street, as provided by Resolution Thurber 1150 and Ordinance Number 567. Curbing, guttering and grading of the north side of Wilson Street frorn the west line of Front Street to the east line of Third Street and on the south side of Wilson Street from the west line of the Front Street toga point 125 feet west of the west line of Second Street, as provided by Resolution Number 111.6 and Ordinance Number 5467. JHLREAS, the total cost of said i�tprovements has been ascertained and the portion thereof in the amount of u22,730.78 to be paid by the 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 the same is through or adjacent to property of the city for which the city is liable, and for -ahich bonds al -e to be issued; and `rh'ER AS, the total cost of said curbing, guttering and Lrading of said streets, which are to be paid by special assessments are to be levied upon lots end pieces of ground liable for the payment of said curbing, guttering and grading in said streets has been ascertained and has been found and determined to be the sum of $20,015.88, which amount has been heretofore duly assessed and apportioned to the several lots and pieces of duly passed and approved ground liable therefore according to law provided for in the ordinance of the City of Salina, Kansas, relating thereto, , of which amount the sum of $4682.87 has been duly paid by the property oimers liable therefore, leaving a balance Of ?151363.01, for which bonds are to be issued; and !,FI REAS, bonds in the aggregate sum of ,,038,093.79 are to be issued to pay the actual net cost thereof; i BE IT ORLAI14ED by the Board of Commissioners of the City of Salina,Kansas: Section 1. That the foregoing preambles be and they are hereby authorized as a part of this ordinance and that for the purpose of providing funds to pay the cost of the improvedents herein above referred to and described in the Ordinances and Resolu- lions hereinbefore referred to, there shall be issued Internal Improvement Bonds of the City of Salina, Kansas, in the total principal sum of 438,093.79, which shall consist of thirty-eight bonds numbered 1 to 38, inclusive, all dated December 1, 1951, which #1 to 29 Inc. @ 21% shall bear interest at the rate of #30 to 38 Inc. @ 1-4L% per annum from and after said date until the respective maturity of said bonds, payable August 1, 1952, and thereafter semi-annually on February 1st and August lst, of each year, said interest to be evidenced by interest coupons as herein provided for and said bonds shall become due as follows: Bonds Numbered 1 to 11, for y1,000.00 each except Number 1 is for 4P1093.79 due February 1, 1953• Bonds Numbered 12 to 20, for ",x°1,000.00 each, due February 1, 1954. Bonds Numbered 21 to 29 for 41,000.00 each, due February 1, 1955. Bonds Numbered 30 to 38 for 41,000.00 each, due February 1, 1956. Section 2. Said bonds shall be signed by the Mav%or and shall be attested by the signature of the City Clerk and 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 signature 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. . j Secti n 3. Said bonds shall be designated as Series P-153 and shall be in the form and shall contain recitals substantially as follows: I UNI'T'ED S`iA`iES OF A1,1I,RJGA STATE OF KANSAS COUNTY OF SALINE CITY OF SAL_NA, Internal Improvement Bonds No. Series P-153 v K"OW ALL i`1EN BY THLSE 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 o America, on the first day of 19 , with interest thereon from the date hereof at the rate of per cent per annum, payable August 1, 1952, and thereafter semi-annually on the first day of February and August in each year, on presentation and surrender of the interest coupons hereto annexed 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, and said City of Salina, Kansas, isheld 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. Thin bored }it re of a series of 38 bonds or like date and tenor, excepting denomir.- ation/anct{ mat�iiri€� , aggregating the principal sum of $ 38,093.79, issued b the Cit of Salina, Kansas, for the purpose of n y rp paying the cost of constructing certain curbing, guttering and grading improvements in said city by the authority of and in full compliance with the provisions, restrictions and lii.:itations of the constitution and laws of the State of Kansas, including Sections 10-101 to 10-128 12-601 to 12-608 and 13-1011 and 13-1011a, all bf the General Statutes of Kansas, 194 , and amendments thereto, and all other provisions of the laws of said state applicable thereto, anti this bond and all other bonds of this series, and all interest thereon are to be p aid by the City of Salina, Kansas. And it is hereby declared and certified that all acts, condi.ti.ons, and things re- quired 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 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 'v1HEREOF, the said City of Salina, Kansas, has executed this bond by caus- ing it to be signed by itsMayor 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 thefirst day of December 1951. Attest: -Qj& Ci y Cler t 1 Mayor 1 No. On the First day of ) 1 ,_____, the City of Salina,) Saline Countsas, y, KanI will pay to the bearer ) the sum of and Lollars ) February 1, ) lawfu money o he ni ed a es o America, cents, August 1, 19 ) :: - - at the office of the State Treasurer, Topeka, - Kansas, being (six) (eight) months' interest ) on its Internal Improvement Bondp Series Salina P-153 dated December 1, 1951. ) City Kansas No. )---- - - - - -- - - - - -- _' (Facsimile) ) ) Attest: (Facsimile) ) CITY Cleric - - - - - - - - - - - - - - - - - - - - - - - ? - - - - - - - - - - - - - - - - - - _ - STATE OF KANSAS ) SS COUNTY OF SALIE ) I, Chas. E. Banker, City Clerk of the City of Salina, Kansas, hereby certify that the within Internal Improvement Bonds Series P -13 e Cit , Kansas, has been duly registered in my office according to law* of Salina, WITNESS my hand and official seal this day of 1951. City Clerk - - - - - - - - - - - - - - - - - - - OFFICE OF THE AUDITOR OF THE S1 TE OF KANSAS I, George Robb, Auditor of the State of Kansas, hereby certify that a transcript of the proceedings leading tip 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 1951. WITNESS my hand and official seal. Auditor of State By Assistant Auditor of S ate 1 � � T 1 1 1 Section �, 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 th manner provided b e y law, and when executed and registered to deliver said bonds to the purchaser or purchasers thereof. Section 5. The full :£with, credit and resources of the City of Salina K be, and the same are hereby irrevocably' ans�s shall pledged for the prompt payment of said bonds and all interest thereon. The board of Commissioners of the City of Salina, Kansas shall annuallymake provision for the a � p payment of the principal and interest on said bonds as they severally become due by levying taxes and assessments upon p the property liable therefore as provided by law. Section 6. This ordinance shall take effect and be in force from and after the publication once in the official city paper. (SEAL) Attest: Ci y Cler . Introduced, October 1, 1951 Passed, November 5, 1951 r,« Mayor