The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1895-09-11
Ordinance No. 1910.

AN ORDINANCE providing for the issue of
bonds to the amount of three thousand five
hundred dollars for the purpose of refunding
certain Indebtedness OF the city of Topeka
kansas.
Whereas, There is now due and outstanding
valid bonded indeb edness of the city of To-
peka to the amount OF TOUR thousand dollars.
Delng the amount OF Improvement bonds. issued
by The city of South Topeka. dated September
1st. 1888. running ten years from date. and said
bonds become due and payable September 1st
1895. and
Whereas. The city of Topeka by section four
of Joint ordinance No 69I enacted by the may
or and council of the city of 1opeka and the
mayor and council of the city OF South Topeka,
May 9th. 1887 which said ordinance (No 69D
duly approved and published. whereby the
city of topeka did assume the bonded indebt-
edness herein mentioned, of the said city of
Whereas, The city of Topeka has never effect
ed a compromise of its Indebtedness at a rate
OF Sixty-iive per cent or less upon the amount
of such Indebtedness, and
Whereas, 1t is desirable and to the best in
terest of the city to postpone the payment of
So, 800 of su CHI maturing bonded Indebtedness,
by the issue of refunding bonds; therefore
Be it ordained by the mayor and counciimen of
OF the city OF Topeka:
SECTION 1. That for the purpose of com
promising and refunding the valid existing out
standing indebt edness of the city of topeka,
evidenced by the legally issued bonds dated
september st, 1855. above referred to- bearing
interest at the rate of seven per cent and due
on the first day OF September, 1895, the mayor
and city clerk of the SAID city of Topeka are
hereby authorized and directed to have Tre-
pared, and when prepared, to execute in due
form of law three thousand five hundred dollars,
bonds of the city of Topeka to be denominated
refunding bonds, to bear date of September ISt.
1895. and to become due and payable on the first
day of September 1915, which said bonds shall
be of the denomination of five hundred dollars
each and snail bear interest at the rate of FIVE
per cent per annum. payable Semi-annuaily,
both principal and interest shall be payable
the fiscal agency of the state of Kansas, in the
city of New York; and said bonds shall be
signed by the mayor and attested by the city
clerk
Sub Joined to each of said bonds shall be for
ty interest coupons TO evidence the semi
interest payments thereon. which said coupons
shall be executed with the Autograph sigma
| lures of the mayor and city clerk,
Section 3. Said bonds when executed shall be
| duly registered by the city clerk IN his once,
| and by the county clerk Of Shawnee county,
| Kansas, as required by raw, and the mayor and
| city clerk of the city OF Topeka are hereby di-
rec5ed to make OUT and transmit to the auditor
| of the state OF Kansas a certified statement OF
! all the proceedings in respect to said Tefuuding
bonds and the sad city treasurer Of the city of
| Topeka IS hereby authorized and directed to
| exchange WIEN the holders OF the bonds hereby
| intended to be refunded, the bonds of this issue
| at their par value.
! Secuon g. And said bonds shall have print
! ed Oh the backs thereof certificates certifying
| that said bonds have been duly registered in
the Office of the county clerk of Shawnee cOun-
| ty, Kansas and in the Office of the auditor OF
the state of Kansas. and the mayor and city
1 clerk are hereby directed to procure such GER
| tifieates of registration.
| Section 4. This ordinance shah take effect
and be III force from and after its publication
| in the official paper of the city of Topeka.
| Passed the council September 9Th. 1895.
Approved September nth. 1895.
c. A. FELLOWS.
(sEALI Mayor
Attest: S. S. MCFADDEN.
City Clerk.