5273 Issue GO Bonds, Series A-141- - - ----- URDII41111 CE IVO. 5273
(Published in the Salina Journal 1 948) - - - -- —
Aid ORDIiANCE authorizing and providing for the issuance of bonds of the City
of Salina, Kansas, in the sum of $203,250.00 to pay the city's chare of
the actual cost of land to be acquired outside of the limits of said city
to extend the municipal airport of said city and to pay the city's share
of the cost of improving, equipping and developing said lands so acquired,
and the lands now constituting said municipal airport for aviation purposes,
to be designated as Series 4___L
I vGdEREAS, at an election duly called and regularly held in the City of Salina,
Kansas, on June 24, 1947, there was submitted to the qualified electors of said
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city the proposition of "Shall the City of Salina issue its bonds in the amount
of $203,250.00 for the purpose of purchasing and acquiring land to extend the
municipal airport and to improve, equip and develope all of the municipal air-
port as extended, for aviation purposes, the proceeds of said bonds to be used
for the purpose of paying the city's share of the total project estimated at a
cost of 4400,000.00, the balance and remainder of said total cost to be paid on
a ratio of one-half the total of said improvements and one-fourth of the actual
cost of said land to be acquired by a grant of funds to be obtained from the
Civil Aeronautics Administration or some similar federal agency vihich said grant
shall be used exclusively to aid the City of Salina in paying the cost of said
project"; all pursuant to Ordinance Number 5221 of said city and the laws of the
State of Kansas; and
VhHEREAS, all directives of said Ordinance Number 5221 and the requisites of the
laws of the State of Kansas were fully and timely complied with; and
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VSHEAS, at such election, a majority of the votes cast thereat upon said proposi-
tion, 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
Co,.uaissioners meeting as a Board of Canvassers (ex-officio) in the manner and form
required by law, and
4HEREAS, Murray A. Wilson, a competent engine-�r, by Resolution Number 1013, duly
adopted by the zoard of Commissioners of said city, was directed to and did sub-
mit unto said Board of Cormnissioners, under oath, a detailed estimate of the cost
of said land and of the improving of said municipal airport for aviation
p g p purposes,
all in compliance with the directives of said Resol-ation Number 1013; and
jK-HEREAS, said Board of Commissioners did receive, accept and approve said detailed
estimate of the cost thereof; and
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VHEREAS, said estimate of cost was the sum of x$400,000.00 and,
-HEREAS, the Civil Aeronautics Administration has allocated 4196,750.00 to con-
tribute unto the acquisition of said land and the said improvement of said municipal
airport, all as set forth in said estimate; and
%VHEREAS, the actual net cost of said project to the City of Salina is the esti ated
sum of $203,250.00; and
30, NOVV TH;iREFORE,
BE IT ORDAINED by the Board of Commissioners of the City of Salina, Kansas:
Section 1. That the foregoing preambles are hereby made a part of this
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ordinance. That in the opinion of the Board of Cotmnissioners of the City of
Salina, thepublic safety, service and welfare can be advanced by the municipal
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airport of the City of Salina being extended by acquiring land to extend the
same, and by the equipment, improvement and development of the said municipal
airport as now constituted and as to be extended by acquiring land, as aforesaid,
all for aviation purposes, as heretofore duly authorized by the qualified electors
of said city; and that said board deems it necessary for said land to be so ac-
quired and for said airport, as extended, to be equipped, improved and developed
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for the purposes aforesaid. That for the purpose of paying the city's share of
tie cost of acquiring said land and improving said airport as extended, it is
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hereby ordered that Internal Improvement and general obligation bonds of the
City of Salina, Kansas, in the total principal sum of 4203,250.00, be issued,
being the city's share of the cost of said land and said improvement, as hereto-
fore duly authorized by the qualified electors of said city. That the sum of
0203,250.00 shall be represented by one bond of the principal sum of X1,250.00,
numbered 1 and 202 bonds of the principal sum of 41000.00 each numbered 2 to
203, both inclusive and said bonds shalom all be dated February 1, 1948 and shall
bear interest at the rate of 1-3/4 percent per annum from and after the date
thereof, payable August 1, 1948, and semi-aniaually thereafter on February 1 and
August 1 of each year, said interest to be evidenced by interest coupons as he--e-
in provided for and said bonds shall become due as follojgs:
1vos. 1 to 21 on February 1, 1949
Nos. 22 to 42 on February 1, 1950
Nos. 43 to 63 on February 1, 1951
Tilos. 64 to 83 on February 1, 1952
i1os. 84 to 103 on February 1, 1953
Nos. 104 to 123 on February 1, 1954
Nos. 124 to 143 on February 1, 1955
Nos. 144 to 163 on February 1, 1956
Twos. 164 to 183 on February 1, 1957
Nos. 184 to 203 on February 1, 1958
Section
2. 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 and
each of said 'ponds shall have interest coupons attached, "n:Thich coupons
snail be in
the form reuuired by law and each tzereof shall bear the printed or
lithographed
facsimile, signatures of the 1bayor and the 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 State Auditor, as required by law.
Section
3. Said bonds shall be designated as aeries A141 and shall be in
the form and
contain recitals substantially as follows, to -Frit:
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NO
UNITED STATE OF AMERICA
STATE OF KAI4SAS
COUNTY OF SALINE
C I TY 0 F SAL INA
IN Tz,214AL IMPRO MaN T BOND
Series
K140W ALL LIEN BY THESE PRESENTS: That the City of Salina, in the County of
Saline, State of Kansas, acknowledges itself to be indebted and, for value re-
ceived, hereby promises to pay to the bearer the sum of
ONE T-OUSAND 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 of per cent ( j per annum,
payable _ , 1948, and semi-annually thereafter on the
First days of February and 1£UV8 :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, is held 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.
This bond is one of a series of 203 bonds of like date and tenor, excepting
number and maturity, and that Bond No. 1 is in the principal sum of 41,250.00,
aggregating the principal sum of 4203,250.00, issued by the City of Salina, Kansas,
for the purpose of paying the said city's share of the cost of acquiring land to
extend the municipal airport and to equip, improve and develop the said municipal
airport, as extended, by the authority of and in full compliance with the provisions,
restrictions and limitations of the State of Kansas, including Sections 10-101 to
10-125, both inclusive, of the General Statutes of Kansas, 1935, and Section 3-113
of the 1945 supplement to the General Statutes of Kansas, 193x7, and all amendments
thereto, and all other provisions of the laws of said State applicable thereto,
and 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 herebyd eclared and certified that all acts, conditions 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 Constitution and laws of the State of Kansas, and that
the to Pal indebredness of said City, including this series of bonds, does -lot
exceed any constitutional or statutory limitation.
IN 1 I'T'NESS Viff REOF, the said City of Salix;a, Kansas, has executed this bond
by causing it to be signed by its 1Jayor and its corporate seal to be hereto affixed,
attested by its City Clerk, and the interest coupons hereto attached to be signed
vri.th the facsimile signatures of said officers, and this bond to be dated the First
day of February 1948.
Attest:
City lerk
ayor
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(Co UPaN )
First interest coup n due
1948
)
No. )
)
February )
On the First day of August, 19 , )
the City of Salina, Kansas, will pay )
to bearer the sum of
Dollars and _ Cents, lawful j February ,
money of the United States of America, at ) August , 19
the office of the State Treasurer, Topeka, ) _
Kansas, being six months, interest on its )
Internal Improvement Bond, Series 8141
dated February 1, 1948. )
City of Salina
No. ) Kansas
(Facsimile)
mayor
ATTEST:
(Facsimile) )
City Clerk
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S 1'A TE C','14' KAN :A S )
ss.
COOI�TY OF SAL -!'E )
I, the undersigned, City Clerk of the City of Salina, Kansas, �Iereby
certify that the �rithin Internal Improvement Bond, Series 5141, of the City
of aalina, Kansas, has been duly registered in my office according to law.
"-' NESS my 'nand and official seal this day of 1948.
City Clerk
OFFICE OF YHE AUDITOR OF THE :NATE OF KANSAS
I, George Robb, Auditor of the State of Kansas, do hereby-, ertify that
a transcript of the proceedings leading up to tne 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
WITNESS my hand and official seal.
Auditor of abate
By
Assistant Auditor of State �'
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Section 4. The ���ayor and City Clerk are hereby authorized and directed
to prepare and execute the bonds hereinbefore described and -i,,ihen said bonds
are duly executed and registered to deliver said bonds to the purchaser or
purchasers thereof whose bid was duly accepted by the City.
Section 5. The full faith, credit and resources of the City of Salina,
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Kansas, shall be and they are hereby irrevocably pledged for the prompt
payment of said bonds and all interest thereon. The 3oard of Coiwaissioners
of the City of Salina, I1knsas shall annually make provision 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 the said city as provided by
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erection 6. This ordinance shall take effect and be in force from and
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after its publication once in the of';'icial city paper.
Introduced, January 19th 1948
Passed, January 26th 1948
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Mayor
Attest:
City Clerk _
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