3116 Issue Improvement Bondsv
An Ordinance providing for the issuance of Improvement Bonds
of the City of Salina, Kansas, in the sum of 012,189.42
to pay the cost of improving Fifth Street from the north
line of Walnut Street to the south line o? Ash Street
in said City.
WHEREAS, in pursuance of proceedings duly had aecoring
to law, contracts have been let and performde for the re -curbing,
guttering and re -paving Fifth Street in the City of Salina,
Kansas from the north line of Walnut Street to the south line
of Ash Street in said City; and
WHEREAS, the total cost of said improvements has been
ascertained and the portion thereof to be paud by a general
tax to be levied -upon all of the taxable property within said
City for the improvement of sq uares and areas formed by the
crossing of streets and alleys and for City property for
which bonds are to be issued as hereinafter provided, has
been ascertianed and is hereby determined and found to be
the sum of $2,441.68, and;
WHEREAS, the portion thereof to be paid by special
assessments levied upon the lots and pieces of ground liable
therefor has been ascertained and is hereby found and determined
to be the sum of $15,133.62, which said last amount has been
heretofore duly assessed and apportioned to the several lots
and pieces of ground on such streets liable therefor, payable
in ten equal installments according to law and as provided in
ordinances of the City of Salina, Kansas duly passed and
-approved, and;
WHEREAS, the amount of said special assessments for
which bonds are to be issued as herein provided in anticiapa-
tion of said special assessments which remain unpaid has been
ascertained and is hereby determined.and found to be the sum
of `9,747.74 the difference between last two named amounts
having been paid by the property owners of said above named
street whose property has been discharged from any further
assessments for the -cost of said improvements_in the amount so
paid, NOW THEREFORE,
BE IT ORDAINED by the Board of Commissioners of the City of
Salina, Kansas:
Section 1.' That the cost of such improvements, after
deducting therefrom the assessments heretofore paid thereon
as aforesaid, including the cost of the improvements of the
squares and areas formed by the crossings of streets and alleys
and of City property, shall be paid in ten substiantially equal
annual installments instead of levying the entire cost at one
time; the first installment of which is to be paid with the
tqxes for the year 1925 and one installment with the taxes for
each succeeding year thereafter until the whole amount thereof
shall have been paid and that for such installment there shall
be and are hereby issued Improvement Bonds of the City of Salina,
Kansas in the aggregate sum of $12,189.42 as hereinafter pro-
vided.
Section 2.. Said issue of bonds shall consist of twenty
(20) bonds all bearing interest at the.rate of four and three-
quarters per cent (4-3/4a) per annum, interest payable semi-
annually on the 1st days of March and September of each year
after the date of said bonds; except that the first interest
payment as hereinafter described shall be due and payable on
I
the 1st day of March 1926, and thereafter all interest shall
be payable semi-annually as above provided for. All of said
bonds shall be dated March 1st, 1925.
Said bonds
shall be numbered,
the
amount
due
each year
and the dates of
maturity of said bonds
shall be as
follows:
Number
i,
x$439.42
Due
March
1st,
1926.
Number_2,
500.00
Due
March
lst,
1926.
Number
3,
250.00
Due
karch
1st,
1927.
Number
49
1000.00
Due
March
1st,
1927.
Number
5,
250,00
Due
March
1st,
1928.
Number
60
1000.00
Due
"arch
1st,
1928.
Number
70
250.00
Due
March
1st,
1929.
?.Nuinber
8,
1000.00
Due
March
lst,
1929.
Number
9,
250.00
Due
arch
let,
1930.
Number
102
1000.00
Due
March
1st,
1930.
Number
11,
250.00
Due
arch
1st,
1931.
Number
12 ,
1000.00
Due
March
1st,
1931.
Number
13,
250.00
Due
March
lst,
1932.
Number
149
1000.00
Due
larch
1st,
1932.
Number
153
250.00
Due
March
1st,
1933.
Number
160
1000.00
Due
March
1st,
1933.
Number
170
250.00
Due
March
lat.
1934.
Number
189
1000.00
Due
March
lst,
1934.
Number
199
250.00
Due
March
1st,
1935.
Number
20,
1000.00
Due
March
lst,
1935.
Section 3. Said bonds shall be signed by the Mayor and
attested by the Clerk of the City of Salina, Kansas and shall
have the corporate seal of said City attached thbreto. inter-
est coupons to said bonds shall be signed by the lithographed
signature of said "layor and Clerk and both bonds and coupons
shall be paid at the fiscal agency of. the State of Kansas in
the City, of Topeka, Kansas.
Section 4. Said bonds shall be executed in the form
and shall contain recitals substantially as follows:
NO.
UNITED STATES OF AMERICA
STATE OF KANSAS
COUNTY OF SALINE
C I T Y O F S A L I N A.
INTERNAL IMPROVEMENT BOND
KNOW ALL MEN BY THESE PRESENTS: That the City of Salina,
in the County of Saline, State of Kansas, for value received
hereby acknowledges itself to be indebted and promises to pay
the bearer the sum of 4
in lawful money of the United States of America on the first day
of March 192 with interest thereon from the date hereof at
the rate of tour and three-quarters (4-3/4/) per cent per
annum, payable semi-annually on the first days of March and
September of each year after the date hereof until the said
principal sim shall have been paid, (except that the first
interest coupons shall become due on March 1st, 1926) upon pre
sentation and surrender of the interest coupons hereto attached,
bearing the lithographed signatures of the "ayor and City Clerk
of said City, as said coupons severally become due; both principal
and interest of this bond being payable at the office of the
State Treasurer in the City of Topeka, Kansas. And said City
of Salina in the State of Kansas is held and firmly bound by
these presents, and the full faith, credit and recourses of
said City are hereby irrevocably pledges for the prompt payment
of said principal and interest at maturity.
THIS BOND is one of a series of 20 bonds of like date
and tenor, excepti
ing denomination and maturity, aggregating the
principal sum of 012,1B9.42 issued by the City of Salina, Kansas
for the purpose of paying the cost of improving certain streets
in said City by the authority of and in full compliance with
the provisions, restrictions and limitations of the Constitu-
tion and Laws of the State of Kansas, including Sections
10-191- to 10-115 and Sections 12-601 to 12 -610 -and Section
13-1011 of the Revised StatutesJof Kansas, 1923, and all other
provisions of the laws of said tate applicable thereto, and
this bond and all of the other bonds of said series and all
interest thereon are to be paid by said City of'Salina,
Kansas.
AND IT IS HEREBY DECLARED 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 done and performed
and do exist in due and regular form, and manner and that the
total indebtedness of said City, including this series of bonds
does not exceed any constitutional or statutory limitation.
IN 14ITNESS WHEREOF, the said City of Salina in the Mate
of Kansas'by its Board of Commissioners has caused this bond
to be signed by its Mayor and its corporate seal to be hereto_
affixed, attested by its City Clerk, and the coupons hereto
attached to be signed with the lithographed signatures of said
officers and this bond'to be dated this first day of March,
1925.
ATTEST: 96yor
City. Clerk.
Section 5. The first interest coupon to be attached to
bonds 1 to 20 inclusive, which mature March est, 1926, shall be
substantially as follows:
t�
NO.
On the first day of March 1926 the City of Salina, Kansas
will pay the bearer $ at the fiscal agency of the State
of Kansas in the City o— Topeka, Kansas the same being one
years interest on its Internal Improvement Bond dated March
1st, 1925.
N0. Mayor
The remaining interest coupons to be attached to said
bonds shall be substantially as follows:
NO.
NO. Mayor
City Clerk.
Section 6. The Mayor and City Clerk are hereby authorized,
directed and empowered without unnecessary delay, to prepare
and execute said bonds and coupons as in this ordinance provided
and when executed, said bonds shall be registered with the City
Clerk of the City of Salina, Kansas and with the Auditor of the
State of Kansas as required by law, and shall be by the I`�ayor
of said City delivered to the contractor or contractors construct-
ing such improvements in proportion to the amounts due such
contractor or contractors in payment of the amount due them for
such work and improvements; PROVIDED, however that such bonds
shall not be sold or delivered to such contractor or contractors
at less than par value thereof nor in a greater sum or amount
than the whole amount due to s aid contractor or contractors under
their respective contracts with said City, or the Board of Com-
missioners may sell said bonds at not less than their par value
and out of the proceeds thereof pay said contractor or contract-
ors for said work and improvements.
Section 7. Said Board -of Commissioners shall make pro-
visions for the payment of the principal and interest on said
bonds as the same becomes due and payable by levying a tax on
the property liable therefor.
Section S. This ordinance.shall take effect and be in full
force from aril after its publication once in the official City
paper.
Introduced for first reading, May 25th, 1925.
Passed and approved --------- June 1st, 1925.
(SEAL) J. S. Har ett,
A,-a-o�t- rr,Aa_ E. Banker. City Clerk.Mayor
On the first day of
19 the city of Salina,
Kansas
will pay
the bearer
at the fiscal agency
of the
State of
Kansas, in
the City of Topers, Kansas, the same
being
six months
interest
on its Internal -Improvement Bond
dated
March 1st,
1925.
NO. Mayor
City Clerk.
Section 6. The Mayor and City Clerk are hereby authorized,
directed and empowered without unnecessary delay, to prepare
and execute said bonds and coupons as in this ordinance provided
and when executed, said bonds shall be registered with the City
Clerk of the City of Salina, Kansas and with the Auditor of the
State of Kansas as required by law, and shall be by the I`�ayor
of said City delivered to the contractor or contractors construct-
ing such improvements in proportion to the amounts due such
contractor or contractors in payment of the amount due them for
such work and improvements; PROVIDED, however that such bonds
shall not be sold or delivered to such contractor or contractors
at less than par value thereof nor in a greater sum or amount
than the whole amount due to s aid contractor or contractors under
their respective contracts with said City, or the Board of Com-
missioners may sell said bonds at not less than their par value
and out of the proceeds thereof pay said contractor or contract-
ors for said work and improvements.
Section 7. Said Board -of Commissioners shall make pro-
visions for the payment of the principal and interest on said
bonds as the same becomes due and payable by levying a tax on
the property liable therefor.
Section S. This ordinance.shall take effect and be in full
force from aril after its publication once in the official City
paper.
Introduced for first reading, May 25th, 1925.
Passed and approved --------- June 1st, 1925.
(SEAL) J. S. Har ett,
A,-a-o�t- rr,Aa_ E. Banker. City Clerk.Mayor
STATE OF KANSAS )
) SS.
COUNTY OF SALINE )
I, Chas. E. Banker, City Clerk of the City of Salina,
Kansas, do hereby ceritfy that the above and foregoing is a
true and correct copy of Ordinance Number 3116 passed and
approved by the.Board of Commissioners June 1st, 1925; and a
record of the vote on its final adoption is found on page
of Journal Number 11, Said ordinance was published in the
Salina Daily Union June 1925.
si,
'I % _ E if, _
P1
(Published in The Salina Daily Union i925 )
CRIZ 11�1'-.CE 11��_ULZREIR _13
An Ordinance providing for the issuance of Hnprovenent Bonds
of the City of Salina, Zhnsas, in the sum of
to pay the cost of improving Fifth Street from the north
line of Walnut Street to the south line of Ash Street
in said City.
WHEREAS, in pursuance of proceedings duly ha6 according
to lan contracts have been let and performed for the re -curbing,
guttering and re -paving Fift Street in the City of Salinas
EAnsas from the north line of Walnut Street to the south line
of Ash Street in said City; and
WHEREAS, the total cost of said improvements has been
ascertained and the portion thereof to be paid by a general
taz to be levied upon all of the taxable property within said
City for the improvement of squares and areas formed by the
crossing of streets and alleys and for City property for
which bonds are to be issued as hereinafter provided, has
been ascertained and is hereby determined and found to be
the sum of 0,441.68, and;
WH72AS, the portion thereof to be paid by special
assessments levied upon the lots and pieces of ground liable
therefor has been ascertained and is hereby found and determined
to be the sum of ASP1 33.62$ which said last amount has been
heretofore duly assessed and apportioned to the several lots
and pieces of ground on such streets liable therefor, payable
in ten equal installments according to law and as provided in
ordinances of the City of Salina, Ransas duly passed and
approved, and;
WHEREASY the amount of said special assessments for
which bonds are to be issued as herein provided in anticipa-
tion of said special assessments which 2enain unpaid has beCsn
ascertained and is hereby determined and found to be the sum
of '19,747.74 the difference between last two named amounts
having been paid by the property owners of said above named
street whose property has been discharged from any further
assessments for the cost of said improvements in the amount
so paid. NOW THERE FCREs
BE IT ORDAIIED by the Board of Commissioners c.f the City of
Salina, Ehnsas:
Section 1. That the cost of such in1vovemonis, afler
deducting thevefrom the asscss"-ents heretofore paid thereon
as aforesaid, including the cost of the improvements of the
sq uares and areas formed by the crossings of streets and alleys
and of City property, shall be paid in ten substantially equal
annual installments instead of levying the entire cost at one
time; the first installment of which is to be paid with the
taxes for the year 1925 and one installment 'rith the taxes for
each
succeeding
I-leveby
year
1�
thereafter until '61-1_-
�',Yhole amount thereof
shall
have
been
paid
and that for such
installment thre shall
be and
are
I-leveby
Due
issued
Inpzovement Bonds
of the
City of
Salina.,
Kansas
in
the
agSregate
sum of
as hel,einaf ter
pro-
vided.
Sec -,ion 2. Said issue of bonds shall consist of tl,Ienty
(20) bonds all bearing interest at the rate of four and three -
qua ters ")er cent per annum., interest pay `moi seni-
annua.L
Ily on the ist days of 11.�arch and September of each year
after the date of said bonds; except that 4Che first interest
payment as hereinafter described shall 'Ibe due, --nd payable on
the 1st day of Yarm 10-29., and thereafter all interest shall
be payable semi-annually as above provided for. Al? of said
bonds shall be, dated I%Iarch lst, 1925.
Z_
Said bonds shall be nmilbered, the amount due each year and
the dates of. )-,qa -'U- ur, it- v o -L" said bonds shall be, -as follm:s:
;43.4 2
Due
",'arch
est,
Rt- b e
2
L'Ue
Ist-
101 2 6
3.
� . o . o b
Due
i
"Marel
ist
1927
ilumber
40
1000.00
Due
145� re h
Ist
1927
Nan, bier
3
250.00
Due
i,:a r c h
1st
09 2 8
Nwiiber
6.
IOCIC. 00
Due
arch
1st,
i908
R'xm be r
7
250.00
D�ae
arch
a*-
0
1920
IT-arnber
81
10-C-110.00
Du ez
1, r c h
"I at
I C12 C
ITU.-mber
91
2, "0. 00
Due
Ict I- c"
I a t
lkv-,.ber
101
10 0 1011 . 0 0
Due
I 'r r a!
11 st
I �13 3 0
Number
11P
250.00
Due
lZa I, c h
1st
1931
Number
12.
'
1000.00
Due
rch
lst
1931
Number
13
250.00
Due
luarch
I'st
19321
1,11wrober
l4s
1000000
Due
I"; *-rch
ist
1932
Nunsbep 15,
250.00
Due
4rch
istp
033
Number 16,
1000.00
Due
Wrch
1st,
193si
Number 17,
250.00
Due
, -arch
est,
1934
Number 18,
100Q.00
Due
La_-,�ch
ist,
190-14
Dumber 19,
250.00
Due
Arch
istp
1935
Number 20$
1000.00
Due
haychist,
1935.
Section 3. Said bonds shall
be
signed
by the
layor
and
attested by the Clerk
of the City
of
Salina,
hanssas
and
shall
have the corporate sea!
of said City
attached
thereto.
inter-
est coupons to said
bonds shall be
signed bf
the lithographed
signature of said hayor
and Clerk
and
both bonds
and
coupons
shall be paid at the
fiscal agency
of
the State
of Kansas
in
the City of Topeka. Kansas.
Section 4. Said bonds shall be executed in the furv,
and shall contain recitcls substantially as follows:
0
UNITED STATES OF AMERICA
STATE OF KA1VS13
COUNTY OF SALINE
NO. CITY OF SALINA
ITTSaEAL IMPHOVELENT BOIND
KNOW ALL YEN BY THESE ZZESENTS: That the City of Salina,
in the County of Saline, State of Kansas, for value received
hereby acknowledges itself to be indebted.and pro ices to pay
the beater tLe sum A of rp
in lawful money of theUnited-Statesof-Ame-ricya firs _y
of h1arch 102--- with interest thereon from the date hAreof at
the rate of four and three-quarters (1-3/19) per cent per
annum, payable semi-annually on the first days of 1�1arch and
September of each year aftpr the date lore of =01 the said
principal sum shall have teen paid, (except that the first
intenest coupons shall become due on March ist, 192 6) upon pre-,
sentation and surrender of the interest coupons hereto attached,
bearing the lithographed signatures of the Layor and City Clerk
of said City, as said coupons severally become due; both principal
and interest of this bond being payable at the office of the
S,ate Tveasnrer in the City of Topeka, Kansas. And said City
of Salina in the State of Kansas is held and f irmly bound by
these presents, and the full faith, credit snd resources of
said City are hereby irrevocably pledged for the prompt payment
of said principal nnd intepest at rn-turity.
THIS BOND is one of a series of 20 bonds of like date
and tenor, encepting denomination and maturity, agSreSatinG the
principal sum of li?412,189.42 issued by the City of Salina, Eansas
for the purpose of paying the cost of improving ocrtain streets
in said City by the authority of and in full compliance with
the provisions, restrictions and limitations of the Constitu-
tion and i,aws of the State of Kansas, including Sections
10-101 to 10-115 and Sections 12-601 to 12-610 and Section
13-1011 of the Revised Statutes of Eansas, 1223, and all other
pre7isions of the laws of said State applicable thereto, and
this bond and all of the other bonds of said series and all
interest thereon are to be paid by said City of Salina,
Kansas.
AND IT IS HEREBY LECLARED 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 total indebtedness of said City, including this
,series of bonds does not exceed any constitutional or statutory
limitation.
IN WITNESS WHEREOF,
of Kansas by its Board of
to be signed by its Tayor
affixed, attested by its
attached to be Py ed Wit
officers and this bond to
1925.
ATTEST:
the said City of Salina in the State
wommissioners has caused this bond
and its corperate sear to be hereto
City Cierk, and the coupons hereto
h the lithographed signatures of said
be dated this first day of Arch
City Clerk,
yor
Section 5, 'ire I`irsU Lr.U.IeSQ coupon to be at"EacIled to
bonds num-bered 1 to 20 inclusive . which _a-twre 7 rch Ist- S1-0-26
shal-I be substantially as follows:
NO.
On the first day of Ilarch 1926 the City of Salina, lKansas
will pay the bearej, y the -fiscal agency of t,he Staet
t
of Kansas in the City of Topeka., -.,:ansas the samne being one
21pr
yea2z in'terest- on J�(-,S Tnternal �' ?oveiaent Bond dated IL�arch
Lr
lsts 1925.
ITO IlAa y o I,
City Clerk.
The remaining inteies t coupons to be attached t1 said
bonds shall be substantially as
On the first dc -,,y of 19 he City of Salina,
Kansas, will pay the bearer t IL-$111ne "f-iscal agency
o�t the State of Kansas U..ke e ka ,
U , i n :ansas the sane
being six months, interest on its internal improvement Bond
,{being
1i-'r
, iach _Ist, 1925*.
NO.
i ty _1e_z;Z_
Section 6, the 11-.Zayor and City Clerk a,e hslreby authorized,
directed and empowered without unnecessary delay, to prepare
and execute said bonds and coupons as in this ordinance provided
r
and when executed, said bonds shall. be �esiste.-ed L the Q "ity
Clerk of 'Ghe City of Salina, Kansas and viith ;'he, A,.-;_dilu-or of the
State of Kansas as required by law$ and s1aall be by the 'ia'yor
of said City delivered to the contilactor or contx;actors
const;"ucting such improvement;s in proportion to the anoun-&Ls due
such contractor or conte sic11-1 o-rs in -c.armzent of the amouInt due them
.Lor siach iv
mproemenor �
ts ',rork; PEIOVIDIED, hotreve, that such 'bonds
shall not be sold or delivered to such contractor or contractois
ccs, less than par value t!,e.reof nor a gvea -1-e--, sum o- amount
than the *v -;hole amount due to said contractor or contrac-,"Cors
-racts-117ith said City., or the Board
under their regfj��:CtJV@ cont
O -p Gtr n1prLissior.ers -nay sell said bo.-nds at not "Less than their
ar
lue and of the p-roceeds therec-l" pay said contractor
pva
or contractors -Cm- said work and improvements.
Section 7. Said 3oard o -IC Comriissione.rs shall make pro-
visions ffwc, the payruent of the �p,jnc2psj and jrnie-f,,est on said
C -�- L .- t -
bonds as the sajrtie becomes due -11nd. 1�.�ayable by Ie7,--yixrlg -, t. -Ix on
,t-h(n -01,operty "Liable "Cherefor.
Section S. This ordinance sha]-1 rake efl-'eet 7,nd be in full
u -1-e official City
-o---ce from and af'te�- its public,'ItiOrl 011ce in t
paper*
A "- -,
C
sus
Int,roduced for first -i-eading '�ay :22 -5th. 92 5.
Passed aend-
nd vtpprov-----
- mune lst, 1925.
City Clerks