5344 Issue GO Bonds Series P-1451
ORDINANCE NUMBER 5
Published in the Salina Journal
• Lk , 1948)
AN ORDINANCE authorisingand
providing for the issuance of Improvement Bonds of the
City of Salina, Kansas, in the sum of $110,020.57, to pay the cost of improving
certain streets and alleys in said city to be designated as Series Number P-145.
WHEREAS, pursuant to proceedings duly had according to law, contracts have been
let and performed for the construction of the following streets and alley improve-
ments in the City of Salina, Kansas, to -wit:
I
Paving and grading of a certain north and south
public alley between Santa Fe Avenue and Seventh
Street from Elm Street to•a point 532 feet north
of the north line of Elm Street, as provided by
Resolution Nunber 982 and Ordinance Number 5246.
Paving and grading of a certain north and south
public alley between Fifth Street and Fourth
Street from Mulberry Street to Walnut Street,
as provided by Resolution Number 981 and Ordinance
Number 5246.
Curbing, guttering, paving and grading of
Pacific Avenue, from the west side of Tenth
Street to a line 70t west of the west line of
Ninth Street, as provided by Resolution Number
950 and Ordinance Number 521.8.
Curbing, guttering, paving and grading of
Ellsworth Avenue from the west line of Osbnrne
Street to 260 feet east of the east line of
Osborne Street and curbing, guttering, paving
and grading of Ellsworth Avenue from the west
line of Fourth Street to the west line of
Osborne Street, as provided by Resolution Num-
ber 965 and Ordinance Number 5218.
Curbing, guttering, paving and grading of
Minneapolis Avenue from the west line of Osborne
Street to 125 feet east of the east line of
Osborne Street, as provided by Resolution Num-
ber 967 and Ordinance Number 5218.
Curbing, guttering and paving, grading of
Olrborne Street from the south line of Republic
Avenue to the south line of the city limits,
asprovided btr Resolution Number 968 and Ordinance
Number 5218.
Curbing, guttering, paving and grading of
Seventh Street from the south line of Pacific
Avenue to the south line of Woodland Avenue, as
provided by Resolution Number 976 and Ordinance
Number 5218.
Paving §nd grading of Chicago Street from the
south line of State Street to the north line of
Walnut Street, as provided by Resolution Number
935 and Ordinance Number 5217.
Paving and grading of Ohio Street from the south
line of Iron Avenue to the north line of Gypsum
Avenue, as provided by Resolution Number 939 and
Ordinance Number 5217.
Paving and grading of North Street from the east
line of Fourth Street to the east line of Arthur
Street, as provided by Resolution number 940 and
Ordinance Number 5217
Paving and grading of Lincoln Avenue, fromethe
east line of Tenth Street to the west line of
Ninth Street, as provided by Resolution Number 948
and Ordinance Number 5217.
Paving and grading of Eighth Street from the south
line of Woodland Avenue to the south line of
Pacific Avenue as
provided by Resolution Number
949 and Ordinance Number 5217.
Paving
and
grading of venue Republic p A from the
east line of Third Street to the east line of
Osborne Street, as provided by Resolution Number
969 and Ordinance Number 5217.
WBMEAS, the total cost of said imhroverr_ents has been ascertained and the portion
thereof in the amount of $39,489.56 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 the same is through or adjacent to property of the city for which
the city is liable, and for which bonds
are to be issued; and
WHEREAS, the total cost of said curbing, guttering, paving and grading of said alleys &
streets, which
are to be paid by special assessments and to be levied upon lots
and pieces of ground liable for the
payment of said curbing, puttering, grading
and paving in said streets and alleys has been ascertained and has
been hereby
found and determined to be the sum of $87,716.68, which amount has been hereto-
fore duly assessed and apportioned to the several lots and pieces of ground liable
therefor according to law
provided for in the ordinance of the City of Salina,
Kansas, relating thereto, duly passed and
approved of which amount the sum of
$17,185.67 has been paid by the property owners liable therefore,
leaving a
balance of $70,531.01, for which bonds are to be issued; and
'PIMEAS, bonds in the aggregate sum of $110,020.57 are to be issued to the
actual cost thereof; pay
BE IT ORDA11TE,D 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 improvements herein above referred to and described in the Ordi-
nances and Resolutions hereinbefore referred to, there shall be issued Internal
Improvement Bonds of the City of Salina, Kansas;, in the total
principal sum of
$110,020.57, which shall consist of one hundred ten bonds, numbered 1 to 110
inclusive, all dated October 1, 1948, which shall bear interest at the rate of
OU"0'C`� .o
- per cent per annum from and after said date until the
respective maturities of said bonds, payable seam -annually on April 1st and October
1st 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 $1,000.00 each except
Bond Number I is for $1,020.57, due October 1, 1949
Bonds Numbered 12 to 22, for $1,000.00 each
due October 1, 1950
Bonds Numbered 23 to 33, for $1,,000.00 each,
Due October 1, 1951
Bonds .dumber 34 to 44, for $1,000.00 each,
due October 1, 1952
Bonds Number 45 to 55, for $1,000.00 each,
due October 1, 1953
Bonds 11umbered X56 to 66, for $1,000.00 each,
due October 1, 1954
Bonds Numbered 67 to 77, for $1,000.OU each,
due October 1, 1955
Bonds Numbered 78 to 88, for $1,000.00 each,
due October 1, 1956
Bonds Numbered 89 to 99, for UsOU0.00 each,
due October 1, 1957
Bonds Numbered 100 to 110, for $12000.00 each,
due October 1, 1958
Section 2. Said bonds shall be signed by the Mayor 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
I
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.
Section 3. Said bonds shall be designated as Series P-145 and shall be
in the form and shall contain recitals substantially as follows; to-wit;
UNITED STATES OF AI ERICA
STATE OF K.4jSA.S
C OUTJT Y OF SALINE
CITY OF SALINA
$ - Series P-145
NO*
INTE1RNl1L II,TROVE2i' NT BO-ND
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 here-
by promises to pay to the bearer the sum of
in lawful money of the Uaited States of .A.merioa, on the first day of DOLLA1aS
19 , with interest thereon from the date hereof at the rate of
per cent per annum PAYABLE semi-annually on the first day
` each ear, on S of April and October,
y , presentation and surrendarof the interest coupons hereto affixed as
said coupons became severally due, both principal and interest of this bond being
payable at the office of the State Treasurer of the State of Kansas, in the Cit
r 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 y
irrevocably pledged for the payment of said principal and interest atamaturity. b
This bond is one of a series of 110 bonds of like date and tenor, excepting
denomination and maturity, aggregating the principal scan of $110,020.57, issued
b,; the City (f Se-lina, Kansas, for the purpose of paying the cost of constructing
curbing, guttering, paving and grading improvements in said city by the authority
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 10-1152
12-601 to 12-608 and 13-1011 and 13-10114 all in the General Statutes of Kansas
1935, and a IL :amendments' thersto , and all other provisions of the laws of said
state applicable thereto, and this bond and all other
all interest thereon are to be paid by the City of Salina,1sKansasof �s series, and
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 e t
required by laws and the constitution sl. � due and regular form and manner as
,4f���e ate of Kansas, and that the total
indebtedness of said city, including this series of bonds, does not exceed any
constitutional or statutory limitation.
I�; V`aTTESS VVHIIZEOF, the said Cita' of Salina
by
causing it to be signed by its Wayor and its corporateaseal etoted be heretothisoaffixed,
attested by its Clerk of the Bity and the coupons hereto attached to be si ned
with the facsimile signatures of said officers, and thi bo g
first day of October, 1948. to be dated the
Attest: City Clark
Section 4. The Mayor and City Clerk are hereby authorized and directed toprepe
and execute the bonds hereinbefore described and to advertise and sell the same inar themanner provided by law, and when duly executed and registered to deliver said bowls
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
Pled
said bonds and all interest thereon. The Board of of ofttheyment City oof
f Salina
Kansas, shall annually make provision for the payment of the principal and inter
on said bonds as the severally become due by levying est
taxes and assessments upon the property•liable therefo01Xr
provided by law.
Section 6. This ordinance shall take effect and be in force from and after its
publication once in the official city paper.
Introduced: Se tember 20, 1)48
(! j. Passed: 0 tober 4, 1948
Attest:
C - Mayor