4489 Issue Refunding BondsII I
ORDINANCE N0. 4489
(Published in the Salina Journal, �� ,y 1934)
AN ORDINANCE
providing for the issuance of refunding bonds of the i
City of Salina, Kansas, in the aggregate amount of $78,000.00
for the purpose of refunding certain outstanding bonds of such
city in a like amount to be designated as Series R-109.
WHEREAS, there are at this time outstanding bonded obligations of
the City of Salina, Kansas, as hereinafter more specifically des-
cribed which will mature on the dates hereinafter set forth during
j the year 1935 and for the payment of which at maturity there are not
and will not be on the dates of maturity and it is hereby determined
by the Board of Commissioners of said city that it is necessary and j
it is for the best interest of said city to refund said indebtedness
and to issue the refunding bonds of said city in the amount of said
outstanding bonds; and
r
WHEREAS, all acts, conditions and things required by the constitu-
tion and laws of the State of Kansas, to exist, happen or be per -
formed precedent to the issuance of said refunding bonds of the
City of Salina, Kansas, in the amount of $$780000.00 for such purpose,
and in the issuance ofthe bonds hereby refunded, have happened and
been performed 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 refunding and retiring
the following described outstanding bonded obligations of the City
of Salina, Kansas, to -wit:
(a) Memorial Hall Bonds dated January lat., 1921, in
denominations of $1000 each, bearing interest at
the rate of 5-1/2% per annum, numbered from 181
to 200 inclusive, due January lst, 1935, autizorized
by ordinance No. 23860 aggregating - - - - - - - - - 20,000.00
(b) Refunding Bonds dated January lst, 1933, in de-
nominations of $1000 each, bearing interest at
the rate of 4% per annum, numbered from 7 to 12
inclusive, due January lat., 19352 as authorized
by ordinance No. 4220, aggregating - - - - - - - - - 6000.00
(c) Refunding Bonds dated January lst, 1934, in de-
nominations of $1000 each, bearing interest at
the rate of 44% per annum, numbered from 1 to 6
Inclusive, due January lst, 1935, as authorized
by ordinance No* 43320 aggregating -- - - - - - - - 6000.00
(d) Sewage Disposal Bonds dated January 10th, 1927,
in denominations of $1000 each, bearing interest
at the rate of 44f per annum, numbered from 50 to
56 inclusive, due January 10, 1935, authorized by
ordinance No. 3224, aggregating - - - - - - - - - - 7000.00
f
(e) Sewer Repair Bonds dated February lst, 1930, in
denominations of $1000 each, bearing interest at
the rate of 4 per annum, numbered 9 and 10, due
February lst, 1935, as authorized by ordinance
No. 38440 aggregating - - - - - - - - - - - - - - - 2000.00
M. Storm Sewer Bonds dated March lst, 1932, Bonds
numbered 23 to 32 inclusive in denominations of
$1000 each, bearing interest,at the rate of 44,%
per annum due March lst, 1935, as authorized by
ordinance No. 4163, aggregating - - - - - - - - - - 102000.00
(g) Judgment Bonds dated April 1st, 1927, in de-
nominations of $1000 each, bearing interest
of 44% per annum numbered from 29 to 32 in-
clusive, due April lst, 1935, authorized by
ordinance No. 3341, aggregating - - - - - - - - - - 4000.00
(h) Railroad Aid Refunding Bonds dated June lst,
1931, in denominations of $1000 each, bearing
interest at the rate of 4% per annum, numbered
from 7 to 8 inclusive, due June lst, 1935, as
authorized by ordinance No. 4065, aggregating - - - 2000.00
412
(i)
Sewer Repair Bonds dated August lat., 1929, in
denominations of $1000 each, bearing interest
at the rate of 42% per annum, numbered from
12 to 13 inclusive, due August lat., 1935, as
authorized by ordinance No. 3736, aggregating - - -
2000.00
(j)
Storm Sewer Bonds dated August lat, 1934, in
denominations of $1000, bearing interest at
the rate of 32% per annum, numbered 2 and 3,
due August lat, 1935, as authorized by Ordinance
No. 4440, aggregating - - - - - - - - - - - - - -
2000.00
{k)
Storm Sewer Bonds dated October lat, 1929, in
denominat3.ons of $1000 each, bearing interest
at the rate of 4-3/4 o per annum, numbered from
37 to 43 inclusive, due October lat, 1935, as
authorized by ordinance No. 3796, aggregating - -
7000.00
(1)
Funding Bonds dated June lat, 1933, in denomina-
tions of 01000 each, bearing interest at the
rate of 42% per annum, numbered from 2 to 7
inclusive, due October lat, 1935, as authorized
by ordinance No. 4275, aggregating - - - - - - - -
6000.00
(m)
Storm Sewer Bonds dated November lat, 1930, in
denominations of $1000 each, bearing interest
at the rate of 4-41% per annum, numbered from
16 to 19 inclusive, due November lat, 1935, as
authorized by Ordinance No. 3992, aggregating - -
- 4000.00
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 $78,000.00,.w!lich
amount does not exceed the amount of the,above described outstanding
bonds.
Section 2. Said Refunding Bonds shall be designated as
Series R-109, shall be dated January lat, 1935, shall bear interest
at the rate of three per cent per annum, payable July lat, 19352
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, authenticated
by the lithographed or printed facsimile signatures of the Mayor and
City (�lerkq Said bonds shall be signed by the Mayor, attested by
the City Clerk and have the seal of the City affixe-I 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.
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, 1936
i
Nos. 8 to 14 inclusive, for $1000 each, due July 1, 1937
i
I
Nos. 15 to 22 inclusive, for $1000 each, due July 12 1938
Nos. 23 to 30 inclusive, for $1000 each, due July 1, 1939
Nos. 31 to 38 inclusive, for $1000 each, due July 1, 1940
Nos. 39 to 46 inclusive, for $1000 each, due July 1, 1941
I
Nos. 47 to 54 inclusive, for $1000 each, due July 1, 1942
Nos. 55 to 62 inclusive, for $1000 each, due July 1, 1943
I
f Nos. 63 to 70 inclusive, for $1000 each, due July 1, 1944
Nos. 71 to 78 inclusive, for $1000 each, due July 1, 1945
Section 4. The form of said bonds shall be substantially as
follows
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
1,000.00 No.
(Series - 0
REFUNDING BOND
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 �housand Dollars in lawful money
of the United State of America, on the first day of
19 , with interest thereon at the rate of 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 bar 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 here-
by held and firmly bound and its faith and credit and all of the Pe -
sources 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 bonds numbered from One (1)
to Sevent -eight (78) inclusive, aggregating Seventy Eight Thousand
Dollars (78,000.00) 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 109
Article 1, Revised Statutes of Kansas, 1923, and all acts amendatory,
complementary, and supplemental thereto, and such bonds and the in-
terest thereon are to bepaid by the City of Salina, Kansas.
I
AND IT IS HEREBY CERTIFIED AND RECITED that all acts, condi-
tions, and things required to be done precedent to and in the issu-
ance 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, sub-
sisting and legal obligation of said City and that neither the in-
debtedness which is refunded nor this series of bonds exceed any
statutory or constitutional 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, 1935.
(SEAL)
i
Mayor
Attest:
Cyty Clerk
414
Section 5. The City of Salina, Kansas, hereby assures and
promises the holders of any and all bonds and interest colzpons
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 provision 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 re-
sources of the City of Salina, M nsas, are hereby irrevocably pledged
to the prompt payment of said bonds and interest 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.
Introduced, December 100 1934
Passed, December 173, 1934
R. J. Pafford
ayor
Attest:
Chas. E.Banker
City er
S `PATE OF KANSAS SS
COUNTY OF SALINE )
i, Chas. E. Banker, City Clerk of the City of Salina, Kansas,
do hereby certify that the above and f oregojng is a true and correct
copy of Ordinance No. 4489 passed and apprted by the Board of Com-
missioners of the City of Salina December 17, 1934; and a record of
the vote on its final adoption is found on page 3..�,:,?_ Journal No. 13
( Published in the Salina Journal 193 ' )
ORDINANCE N0, 4489
AN ORDINANCE providing for the issuance of refunding bonds of the
City of Salina, Kansas, in the aggregate amount of X178,000.00
for the purpose of refunding certain outstanding bonds of such
city in a like amount,to be designated at Series R -i09.
'NHEREAS, there are at this time outstanding bonded obligations of
the City of Salina, Kansas, as hereinafter more specifically des-
cribed which will mature on the dates hereinafter set forth dur:.ng
the Year 1.935 and for the payment of which at maturity there are not
and will not be on the dates of maturity,,and it is hereby determined
b'v the Board of Commissioners of said city that it is necessary and
it is for the best interest of said city to refund said indebtedness
and to issue the refunding bonds of said city in the amount of said
outstanding bonds; and
WH REAS, all acts, conditions and things required by the constitu-
tion and laws of the State of Kansas, to exist, happen or be per-
formed precedent to the issuance of said refundinrr bonds of the
City of Salina, Kansas, in the amount of $78,OOO.0O,for such purpose,
and in the issuance of the bonds hereby refunded, have happened and
been performed in regular and due form, time and manner; NOW THEREFORE
BE IT ORDAINED by the 1�5oard of Oommissioners of the City of Salina,
Kansas:
Section 1. That for the purpose of refunding 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
denominations of $1000 each, bearing interest at
the rate of 5-1%2% per annum, numbered from 161
to 200 inclusive, due Janvary 1st, 1935, authorized
bs; ordinance No. 2386, aggregating - - - - - - - - -:±;20,000.00 c'
(b) Refunding Bonds dated January lst, 1933, in de-
nominations of $1000 each, bearing interest at
the rate of 4% per annum, numbered from 7 to 12
inclusive, due January 1st, 1935, as authorized
by ordinance No. 4220, aggregating - - - - - - - - 6000.00 i
(c) Refunding Bonds dated January 1st, 1934, in de-
nominations of $1000 each, bearing interest at
the rate of 44% per annum, numbered from 1 to 6
inclusive, due January 1st, 1935, as authorized
by ordinance No. 4332s aggregating - - - - - - - - 6000„00-
(d) Sewage Disposal Bonds dated January 10th, 1927,
in denominations of $1000 each, bearing interest
at the rate of 4-,',% per annum, numbered from -50 to
56 inclusive, due January 10, 1935, authorized by
ordinance No. 3224, aggregating - - - - - - - - - - 7000.00
(e)
Sewer Repair Bonds dated February 1st, 1930, in
denominations of $1000 each, bearing interest at
the rate of 42% per annum, numbered 9 and 10, due
February lat., 1935, as authorized by ordinance
No. 3844, aggregating - - - - - - - - - - - - - -
2000.00 �
(f)
Storm Sewer Bonds dated March lat. 1932, Bonds
numbered 23 to 32 inclusive in denominations of
$1000 each, bearing interest at the rate of 41i%
per annum due March lat., 1938, as authorized by
ordinance No. 41631, aggregating - - - - - - - - - $
10,000.00 //
(g)
Judgment Bonds dated April lst, 1927, in de-
nominations of $1000 each, bearing interest
of 41j% per annum numbered from 29 to 32 in-
clusive, due April lat., 1935, authorized by
ordinance No. 3341, aggregating - - - - - - - -
4000.00k,-'
(h)
Railroad Aid Refunding Bonds dated Jure 1st,
1931, in denominations of $1000 each, bearing
interest at the rate of 4% per annum, numbered
from 7 to 8 inclusive, due June lat, 1935, as
authorized by ordinance No. 4065, aggregating - -
2000.00
(i) Sewer Repair Bonds dated August lst, 1929, in
denominations of $1000 each, bearing interest
at the rate of W per annum, numbered from
12 to 13 inclusive, due August lst, 1935,as
authorized by ordinance No. 37360 aggregating - - 2000.00
(j) Storm Sewer Bonds dated August lat., 1934, in
denominations of $1000, bearing interest at
the rate of 3.1% per annum, numbered 2 and 3,
due August lst, 19352 as authorized by Ordinance
No. 44403, aggregating - - - - - - - - - - - - - - $ 2000.00
(k) Storm Sewer Bonds dated October lst, 1929, in
denominations of $1000 each, bearing interest
at the rate of 4-3/4% per annum,.numbered from
37 to 43 inclusive, due October lst, 1935, as
authorized b- ordinance No. 3796, aggregating - - - 7000.00
(I) Funding Bonds dated June lst, 1933, in denomina-
tions of 1000 eac#, bearing interest at the
.rate of W per annum, numbered from 2 to 7
inclusive, due October lst, 19352 as authorized
by ordinance No. 42751, aggregating - - - - - - - - $ 6000.00
(m) atorrm Sewer Bonds dated November lst, 1930, in
denominations of $1000 each, bearing interest
at the rate of 44% per annum, numbered from
16 to 19 inclusive, due November lst, 1935,as
authorized by ordinance No. 3992, aggregating - - - 4000.00
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 $78,000.00, which
amount does not exceed the amount of the above described outstanding
bonds. shall be designated as Series R-109,
Section 2. Said Refunding Bonds/shall be dated January 1st,
19351 shall bear interest at the rate of THREE
per cent per annum, payable July 1st, 1935, 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, authenticated by
the lithographed or printed facsimile signatures of the Mayor and
City (�lerkq 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
Sal_tna, Kansas, and by the auditor of the State of Kansas.
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 61000 eacho and shall become due and payable as follows:
Nos. 1 to 7 inclusive, for $1000 each, due July 1. 1936
Nos. 8 to 14 inclusive, for $1000 each, due July 1, 1937
Nos. 15 to 22 inclusive, for $1000 each, due July 1, 1938
Nos. 23 to 30 inclusive, for $1000 each, due July 1, 1939
Nos. 31 to 38 inclusive, for $1000 each, due July 1, 1940
Nos. 39 to 46 inclusive, for $1000 each, due July 1, 1941
Nos. 47 to 54 inclusive, for $1000 each, due July 1, 1942
Nos. 55 to 62 inclusive, for $1000 each, due July 1, 1943
Nos. 63 to 70 inclusive, for $1000 each, due July 10 1944
Nos. 71 to 78 inclusive, for $1000 each, due July 1, 1945
Section 4. The form of said bonds shall be substantially as
follows:
t' 1,000.00
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SAL NE
No,
REFUNDING BOND (series R-109)
KNOW ALL MEN BY THESE PRESENTS: That the City of Salina
Saline County, State of Kansas, i&n i�ebted to and promises to
pay the bearer the sum of a ousand
Dollars in lawful money of t e United tates of er ca, on t e
first day of 19, with interest thereon at the rate
of per annum, payable semi-annually on
the first days of January and July of each year, upon the presenta-
tion 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 firm-
ly 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 bonds numbered from One (1)
to Seventy-eight (78) inclusive, aggregating Seventy Eight Thousand
Dollars ( $78000.00) of like tenor and effect except as to maturity
Assixg- 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 Z0, Article 10 Revised Statutes of Kansas, 1923, and all
acts amendatory, complementary, and supplemental thereto, and such
bonds and the interest thereon are to be paid by the City of Salina,
Kansas.
AND IT IS HEREBY CERTIFIED AND RECITED that all acts, condi-
tions, and things required to be done precedent to and in the issu-
ance 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, sub-
sisting and legal obligation of said City and that neither the in-
debtedness which is refunded nor this series of bonds exceed any
statutory or constitutional limitation.
IN TESTIMONY WHEREOF, we, the undersigned officers of the City
of Saljna, 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, 1935.
(SEAL)
Attest:
Cit y Ulerk
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 provision 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 tirie to time as may be necessary to take up and retire the
bonds hereby refunded as such bonds respecttvely mature, and in
time to pay and retire such refunded bond: 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.
Introduced, December 10, 1934
Passed, December 17, 1934
Attest:
City Clerk