91-9452 Appr Airport BondsKuhn -Cox Printing — Salina, Kansas
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(Published in The Salina Journal June 1991)
ORDINANCE NUMBER 91-9452
AN ORDINANCE UNCONDITIONALLY APPROVING THE ISSUANCE OF
GENERAL OBLIGATION BONDS BY THE SALINA AIRPORT AUTHORITY IN AN
AMOUNT NOT TO EXCEED $950,000 FOR THE PURPOSE OF FINANCING THE
CONSTRUCTION OF FACILITIES TO BE USED FOR AERONAUTICAL
TECHNOLOGY EDUCATION.
WHEREAS, on June 12, 1991, the Board of Directors of the Salina
Airport Authority (the "Authority") adopted a resolution finding it necessary
and desirable for the Authority to make certain improvements to the properties
and facilities of the Authority, including the construction of facilities to
be used for aeronautical technology education, and to issue general obligation
bonds of the Authority in am amount not exceeding $950,000 to pay the cost of
such improvements, as authorized by K.S.A. 27-315 to 27-326, inclusive; and
WHEREAS, K.S.A. 27-323 provides that the Authority shall forward
a copy of such resolution to the mayor of the City, who shall present such
resolution to the governing body of the city for its approval or disapproval;
SO NOW, THEREFORE
Kansas:
BE IT ORDAINED by the Governing Body of the City of Salina,
Section 1. The resolution of the Salina Airport Authority adopted
June 12, 1991, providing for the issuance of not to exceed $950,000 in general
obligation bonds of the Authority for the construction of facilities to be
used for aeronautical technology education if hereby unconditionally approved.
Section 2. That this ordinance shall be in full force and effect
from and after its adoption and publication once in the official city
newspaper.
Introduced: June 24, 1991
Passed: July 1, 1991
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Stephen C. Ryan, Mayor
(SEAL)
ATTEST:
Jacqu ^line Shiever, City Clerk