4702 Issue Refunding BondsORDINANCE N0. 4702
(Published in the Salina Journal ,9 ez_, b,
1936)
AN ORDINANCE providing for the issuance of refunding bonds of the City
of Salina, Kansas, in the aggregate amount of $700000.00 for the
purpose.of refunding certain outstanding.bonds of such city in a
like amount, to be designated as Series R-114.
WHEREAS, there are at this time outstanding.bonded obligations of the
City of Salina, Kansas, as hereinafter more specifically described
which will mature on.the dates hereinafter set f_orth.during the year
1937 and for the payment of which at maturity there are not and will
not be on the dates of maturity funds in the treasury of said city for
the payment thereof, and it is hereby determined by the Board of Com-
missioners of said city that it is necessary and for the best interest
of said city to refund said indebtedness.and_of is-s-ue the refunding
bonds of said city in the.amount of said outstanding bonds; and
WHEREAS, all acts, conditions and things required by the constitution
and laws of the State of Kansas, to exist, happen or be performed pre-
cedent to the issuance of said refunding.bonds_of the City of Salina,
Kansas,. in the amount of $700000.00, for such purpose, and in the
issuance of the bonds hereby refunded, have happened and been per-
formed in regular and due form, time and manner; NOW THEREFORE
BE IT ORDAINED by the Board of Commissioners of the City of Salina,
Kansas:
Section 1. That for the purpose of refui-ding and retiring the
following described outstanding bonded obligations of the City of
Salina, Kansas, to -wit:
(a) Memorial Hall Bonds dated -January lst, 1921, in a
denominations of $1000 each, bearing interest at
the rate of 5-1/2% per annum, numbered from 221
to 240 inclusive, due January lst, 1937, authorized
by ordinance No. 2386, aggregating - - - - - - - - - 20,000.00
(b)
Refunding Bonds dated January 1st, 3.933, in de-
nominations of $1000 each, bearing interest at
the rate of 4% per annum,. numbered from 19 to 24
inclusive, due January lst, 19370 as authorized
by ordinance No, 42202 aggregating - - - - - - - - -
6000.00
(c)
Refunding Bonds dated January 1st, 1934, in de-
nominations of $1000 each, bearing interest at
the rate of 41% per annum, numbered from 13 to 18
inclusive, due January 1st, 1937, as authorized
by ordinance No. 4332, aggregating - - - - - - - - -
6000.00
(d)
Sewage Disposal Bonds dated January 10th, 19270
in denominations of $1000 each, bearing interest
at the rate of 411% per annum, numbered from 64 to
70 inclusive, due January 14, 19370 authorized by
ordinance No. 3224, aggregating - - - - - - - - - -
7000.00
(e)
Storm Sewer Bonds dated March lst, 1932 numbered
43 to 52 inclusive in denominations of J1000 each,
bearing interest at the rate of 441% per annum due
March lst, 1937, as authorized by ordinance No.
4163, aggregating - - - - - - - - - - - - - - - - -
100000.00
(f)
Refunding Bonds dated January lst, 1935 in de-
nominations of $1000 each bearing interest at
the rate of 3% per annum, numbered from 8 to 14
inclusive due July lat, 1937, Series R-109 as
authorized by No. 4489, aggregating - - - - - - - -
7000.00
(g)
Refunding Bonds dated January lat, 1936 in de-
nominations of $1000 each, bearing interest at
the rate of 24% per annum, numbered from 1 to
7 inclusive, due July 1st, 1937, Series R-111
as authorized by Ordinance No. 4590, aggrgAting -
7000.00
(h) Storm Sewer Bonds dated October lot, 1929, in de-
nominations of $1000 each, bearing -interest at the
rate of 4-3/4% per annum, numbered from 51 to 57
inclusive, due October lot, 19370 as authorized
by Ordinance No. 3796, aggregating - - - - - - - $ 7000.00
there are hereby authorized to be issued, and the Mayor and City
Clerk are hereby directed to sign and execute the negotiable coupon
bonds of said city in the aggregate amount of $70,000,00, which
amount does not exceed the amount of the above described outstand-
ing bonds.
Section 2. Said Refunding Bonds shall be designated as
Series R-114 shall be dated January lot, 19370 shall bear interest
at the rate of Two per cent per annum, payable July lot, 19370,
and semi-annually thereafter on the first days of January and July
of each year until the respective maturities of the bonds herein
authorized, for which interest coupons shall be attached in the
form provided by law, authenticated by the lithographed or printed
facsimile signatures of the Mayor and City Clerk. Said bonds shall
be signed by the Mayor, attested by the City Clerk and have the seal
of the City affixed thereto. Said bonds shall be registered by the
City Clerk of the City of Salina, Kansas, and by the Auditor of
the State of Kansas, such registration to be evidenced by certi-
ficates of the City Clerk and the State Auditor duly endorsed on
said bonds•
Section 3, Said Refunding Bonds and interest coupons there-
on shall be payable at the office of the State Treasurer in the
City of Topeka, Kansas. Said bonds shall be in the denominations
of $1000 each, and shall become due and payable as follows:
Nos. 1 to 7 inclusive, for $1000 each, due July 1, 1938
Nos. 8 to 14 inclusive, for $1000 each, due July 1, 1939
Nos.
15
to
21
inclusive,
for
$1000
each,
due
July
1,
1940
Nos.
22
to
28
inclusive,
for
$1000
each,
due
July
1,
1941
Nos.
29
to
35
inclusive,
for
$1000
each,
due
July
1,
1942
Nos.
36
to
42
inclusive,
for
$1000
each,,
due
July
1,
1943
Nos.
43
to
49
inclusive,
for
$1000
each,
due
July
12
1944
Nos.
50
to
56
inclusive,
for
$1000
each,
due
July
10
1945
Nos.
57
to
63
inclusive,
for
$1000
each,
due
July
10
1946
Nos.
64
to
70
inclusive,
for
$1000
each,
due
July
i,
1947
Section 4• The form of said bonds shall be substantially as
follows:
rd 6
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
REFUNDING BOND
No.
735-Fles
KNOW ALL MEN BY THESE PRESENTS: That the City of Salina ,Saline
County, State of Kansas, is indebted to and promises to pay the bearer
the sum of One Thousand Dollars in lawful money of the United States
of America, on the first day of July 19 , with interest thereon at
the rate of two per cent per annum, paya a semi-annually on the first
days of January and July of each year, upon the presentation and delivery
of the proper coupons hereto annexed signed by the Mayor and Clerk of
said city. Both principal and interest of this bond are payable at the
office of the State Treasurer, in the City of Topeka., Kansas, and said
city is hereby held and firmly bound and its faith and credit and all
of the resources of said City are hereby pledged for the.prompt payment
of this bond and interest at maturity
THIS BOND is one of a series of seventy bonds numbered from One
(1) to Seventy (70) inclusive, aggregating Seventy Thousand Dollars
($70,000.00) of like tenor and effect except as to maturity, issued
by the City of Salina, Kansas, for the purpose of refunding certain
outstanding bonded indebtedness heretofore legally created by said
city, and is issued under authority of and in conformity with the
provisions, restrictions and limitations of Chapter 10, Article 1,
Revised Statutes of Kansas, 1923, and all acts amendatory, complemen-
tary, and supplemental thereto, and such bonds and the interest there-
on are to be paid by the City of Salina, Kansasp
AN IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions,
and things.required to be done precedent to and in the issuance of
said bonds, have been properly done, happened and performed in regular
and due form as required by law, and that the indebtedness which is
refunded by this series of bonds, is a constitutional, subsisting and
legal obligation of said City and that neither the indebtedness which
Is refunded nor this series of bonds exceed any statutory or consti-
tutional limitation.
IN TESTIMONY WHEREOF, we, the undersigned officers of the City of
Salina, Kansas, being duly authorized to execute this obligation on
its behalf, have hereunto set -our official.signatures and caused the
seal of said City to be hereunto affixed, and caused our official
signatures to be lithographed or printed on the coupons hereunto
attached, this first day of January, 1937
(SEAL)
Attest:
y er-E
Mayor
Section 5. The City of Salina, Kansas, hereby assures and
promises the holders of any and all bonds and interest coupons
issued under the provisions of this ordinance that said city will
make prompt payment of the same when due, and it is hereby made
the duty of the proper city officials to make provisions for such
payment and to levy annually upon all of the taxable property in
said city, a tax sufficient to pay the interest and principal of
said bonds as they severally mature, and the full faith, credit
and all of the resources of the City of Salina, Kansas, are hereby
irrevocably pledged to the prompt payment of said bonds and in-
terest coupons when due*
Section 6. When issued said bonds shall be offered for
sale and sold, in the manner provided by law, in such amounts
from time to time as may be necessary to take up and retire -the
bonds hereby refunded as such bonds respectively mature, and in
time to pay and retire such refunded bonds at their respective
maturities.
Section 7. This ordinance shall be in force and take effect
from and after its publication once in the official city paper•
Attest:
Introduced, December 7, 1936
Passed,
Chas* E. Banker
City er
STATE OF KANSAS )
) SS
COUNTY OF SALINE )
December 14, 1936
F. Co Peters
Mayor
I, Chas. E. Banker, City Clerk of the City of Salina, Kansas,
do hereby certify that the above and foregoing is a true and correct
copy of Urdinanee No. 4702 passed and approved by the Board of Com-
missoners of the City of Salina December 14, 1936; and a record of
the vote is found on page 9/ Journal No. 14.
(Published in the Salina Journal 1,6 1936 )
ORDI]. ANOWE NO. 4702
AIS ORDII`IANCE providing for the issuance of refunding bonds of the
City of Salina, Kansas, in the aggregate amount of 4702000.00
for the purpose of refunding certain outstanding bcrin of such
city in a like amount, to be designated as Series R-114.
iHER-AS, there are at this time outstanding bonded obligations of
the amity of Salina, Kansas, as hereinafter more specifically des-
cribed wfnich willmature on tILe dates hereinafter set forth during
the year 1931 and for the payment of which at maturity t:r�ere are not
and will not be on the dates of maturity funds in the treasury of
said city for t' -Le payment thereof, and it is hereby determined by
the Board of COI,=icsioners of said city that it is neees ary and
for tale best interest oma' said city to refund said indebtedness
and to issue the refunding bonds of said city in the amo-.ant of said
outstanding bonds; and
:`1 ' --L-AS, all acts, condit `ons and things required by the constitution
and lases of t_le State of Ka<;sas, to e.'ist, happen or be performed
precedent to the issuance of said refunding bonds of the City of
Salina, Kansas, in the amount of <,70,000.00, for such pu11pose, and
in the i -nuance of the bonds hereby refunded, have happened and
been performed in regular and due form, time and manner; TOIN T17-=''OIRI
B I7" vaJDAII'� by the Board of Comlliss_one:-s of the CitY of Sal.na,
Kansas:
Section 1. That for the purpose of refu.. ding and retiring
the following described outstanding bonded obligations of the `'ity
of Safina, Kansas, to -wit:
(a) P;Iemorial Hall Bonds dated January lst, 1921, in
denominations of ;;;1000 each, bearing interest at
the to of 5-1/2`o per annum, numbered .from Qai
to 240 inclusive, due January 1st, 193', aut'_orized
by ordinance No. 2386, aggregating - - - - - - ;Y20,000.00
(b) Refunding Bonds dated January 1st, 1933, in de-
nominations of "T'1000 each, bearing interest at
the rate of 4ioper annum, numbered fr°om 19 to 24 )
inclusive, due January 1st, 1937,, as authorized
by ordinance No. 4220, aggregating 6000.00
c) Refunding, Bonds dated January 1st 1.934 in de-
nomirlations of :ir1000 each, bearing in ores t at
the rate o� 4-1 per annus:,numbered from 13. to 1.8
inclusive, due January 1st, 193-5'; as authorized
by ordinance No. 4332, aggregat !ng - - - - - - - 6000.00
(d) Sewage Disposal Bonds dated. January 10th, 1927,
in denominationsIOf ;1000 eacrL, bearing interest
at the race of 44% per annum, numbered. from 64 to
f 70 inclusive, due January 10, 1937, ai'L orized by
or�'ir.ance No 24
•=� , aggregating - - - - - - - .. 7000.00
(e) Storr- Sewer Bonds daLec Mlarcl. 1st, 1932, runbered
" 43 to 52 inclusive in deromina.tions of 11000 each
bearing interest at the rate of 44% per annum dU _P
14arch 1st, 19321. so autY��or='_zed by o.-�dii;ance No.
4163, aggregating - - - - - - - - - - _ 4 10,000.00
') Refunding Bonds dated January ist, 1035 in de-
rcririat ions of'100Q etch bearing interest at
the rate of 3 per annum, numbered from S to 14
inclusive due July Ist, 1937, Series R-109 as
authorized by PTO. 4459, aeGresa.ting - - - - -
;n- 7000.00
9
Refunding Bonds dated January 1st, 1.936 in de-
nominations Of ""1000 each, ,;easing irterest at
} the rate: of 24' per annum, numbered from 1 to
-7" inclusive, due July lst, 1937"" Series R-111
` as authorized by Ordinazice PTO. 4590, aggregat, g r 7000.0Q
(h) Stora Seger Bonds dated October 1st, 1929, in
denominations of .;1000 each, bearing interest
at the rate of 4-3/01% per annum, numbered from
,.51 to 57 inclusive, due October 1st, 193q� as
authorized by Ordinance No. 3796, agtrPgating - 4r 7000.00
there: are hereby autilorized to be issued., and the 11"ay01° and City
Clerk are hereby directed to sign and e..ecute th_e negotiable coupon
bonds of said city in the aggregate amount of X70,000.00, vJnici.i
anount does not exceed the amount of the above described outstanding
bonds.
Section 2. Said Refunding Bonds shall be designated as
Ser ie,s Rill$ shah
be dated January 1st, 1937'. shall bear irterest
at the rate of Two per cent per annum, payable July lot,
193 ; and semi-annually thererofter on t--0 first days of January
and J1,11Y o ' each year until the respective natuaritieo of the bonds
herein authorized, for which inte1 est coupons sl.all be attached in
the form provided by laver, authenticated by the lith.ogral:hEd or
printed fa.csir;'i le signatures of t]Le I::ayor and City Clerjr. Said
bonds s1 --all 1-0 si red bthe play � � '
J a;; o.., atte„ted by the City Clerk
and :lave the seal of the City affi;�ed thereto. Said onds shall
be re _istered by the City Clerk of tl-.e City of Sal.ir.a, Kansan, and
by the Auditor of the State of Kansas, such registration is be
e7. ideneed by certificates a the City Clerh and the State ,auditor
duly endorsed on said bonds.
Section
3. Said Refunding Bonds and interest- coupans there-
on shall i -,e payable
at the office of the State Treasurer in the
City
of Topeka, Kansas.
Said bonds shall 'e in the denominations
Of w1000
each:,
and shall
become due and
payable as follo,us :
Nos.
1 to 7 inclusive, for
$1000 each, due July 1, 1938
NOS*
8 to 14
inclusive,
for ��1000 each,
due July 1, 1939
Nos.
15 to 21
inclusive,
for w1000 each,
due July I, 1940'
Nos.
22 to 28
inclusive,
for "1000 each
due July 1, 1941
Nos.
29 to 35
inclusive,
for w1000 each,
due Jul• 1, 1942
Nos.
36 to 42
inclusive,
for <�1000 each,
due July 1, 1943
Nos.
43 to 49
inclusive,
for x,1000 each,
due July 1, 1944
Nos.
50 to 56
inclusive,
for $1000 each,
due July 1, 194
Nos.
57 to 63
inclusive,
for 4;1000 each,
due July 1, 1946
Nos.
64 to 70
inclusive,
for "'1000 each,
due July 1, 1947
Section 4. The form
of said bonds shall be substantially as
follows:
UNITED STATES OF ALMRICA
STATE Ol' � :i11 SAS
COUNTY OF SALI1.7E
1,000.00
PTO,
Series R-114 ,,
REFUlILING BOTdD
IvO[ T 1'LL ITT BY T';ESE PRESETFTS : That the City of Salina
Saline County, State of Kansas, is indebted to and promises to
pay the bearer the sum of One Thousand Dollars in lawful -money
of the United States of America, on the first day of July 19
with interest thereon at the rate of two per cent per annum, '
payable semi-annually on the first days of January and July of
each year, upon the presentation and delivery of the proper
coupons hereto annexed signed by the Mayor and Clerk of said
city. Both prinicipal and interest of this bond are payable
at the office of the State Treasurer, in the City of Topeka,
Kansas, and said city is hereby held and firinly bound _ane: its
faith and credit and all of the resources of said City are hereby
pledged for the prompt payment of this bond and interest at
maturity.
THIS 301D is one of a series of seventy bonds numbered from
One (1) to Seventy (70) inclusive, aggregating Seventy Thousand
Dollars (<70,000.00) of like tenor and effect except as
issued by the City oL Salina Kansas, p to maturity, for the purpose of refunding
certain outstanding bonded indebtedness heretofore legally created
by said city, and is issued. under authority of and in conformity
ti�it�t the provisions, restrictions and limitations of Chapter 10
Article 1, Revised Statutes of Kansas, 123, m
and a?
Section 5, The City of Salina, Kansas, hereby assures and
promises the holders of any and all bonds and interest coupons
issued under the provisions of this ordinance that said city wi11
make prompt payment of the sane When due, and it is hereby ?;_ade
the duty of the proper city officials to male provisions X2 for
such payment and to levy annually upon all of the taxable
property
in said city, a tax sufficient to pay the intereot and principal
of said bonds as they severally mature, and the full faith, credit
and all of the resources of to City of Salina, Kansas, :are hereby
irrevocably pledged to the pror-ipt payment of said bonds and in_
tevest coupons when due.
Section 6. Len issued said bonds Shall be offered for
sale and sold, in the manner provided by lair, in such amounts
from tinge to tine as may be necessary to take up and retire the
bonds hereby refunded as such bonds respectively mature, and in
time to pay and retire such refunded bonds at their respective
maturities.
Section 7. This ordinance shall be in force and take effect
fror.! and after its publication once in the official city paper.
Introduced, December 7, 1936
Passed, December 14, 1936
Attest: (V s lam/
Mayor —
ity er --