The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-06-18
Date OF Publication June Is. 1896.
ORDINANCE No. 1895


An ordinance providing for the issue OF
bonds OF the City OF Wichita. Kan,
IN the sum OF $4,000 10 compromise
ana refund certain existing bonded
Indebtedness OF said city.
Whereas. The City OF Wichita Kan
sis. has certain bonded indebtedness
IN the sum OF S5S 600, PRINCIPAL h,rrto--
Tore legally created. and which has
been issued and outstanding more than
Two years: and
Whereas. A compromise has beer
agreed upon between said city and tho
owner and holder OF said bonds: there.
fore,
Be it ordained by the mayor and co,t,
cilmen OF the City OF Wichita, Kansas
section 1. That for the purpose oe
compromising and refunding said bon
ded indebtedness new bonds OF said
city in the sum OF fifty-five thousand
(soS.ooO dollars. be issued as hereinaf-
ter provided.
Sec. . That said bonds shall be OF the
denomination OF $1,000 each. shall b,
numbered consecutively from ! TO IS In
elusive. shall be dated June I. lS95, and
shall become due and payable twenty
years after date.
Sec 3. Said bonds shall bear interest
at the rate or six per cent per alnnum
from their date. payable semi annually
on the first day OF June and December
IN each year, and the several INSTALL
ments OF interest shall be evidenced by
coupons attached 10 said bonds and
both principal and interest shall be pay
BILE as they become due at the fiscal ag-
ency or the state OF Kansas, in the cay
OF New York.
Sec. 4 Said bonds shall be sss-ed by
the mayor and attes.ed by the city clerk
under the seal OF the city, and said
coupons shall be signed by the mayor
and clerk.
Sec. 5. The mayor and clerk are here's
by authorized and directed so soon az
practicable 10 prepare and execute said
bonds and coupons. and when 80 ex.
ecuted. the clerk shall register same in his
office and procure their registration by
the county clerk. and tho mayor and
clerk shall make out and transfer TO
the auditor OF state certified state
nent OF all proceedings herein. as shown
or record. and that the said bonds have.
been issued for value in all respects IN
conformity 10 the act of the legislature
entitled AN Act to enable counties
municipal corporations the board OF
education OF any city. and school dis.
tricts, to refund their Indebtedness"
which took effect March 10. 1879 "a
tmended. for certain Indebtedness sur;
rendered, distinctly describing tho
bonds issued and the Indebtedness sur
rendered, and that they have been d-ily,
registered by the attesting clerk and
the county clerk, as required by said act
which statement shall be IN such form
and include such other information az
the auditor OF state may require. and
be signed by the mayor and clerk. and
atteSted by the clerk with the corporate
seal OF the city. and be duly acknowl-
edged before the county clerk And
when said bonds shall have been ro,xis-
tered and certified by the auditor or
state. said mayor and clerk shall dellvr-
er same TO the holder Of said indebted
ness 50 refunded. according 20 the terms
or the said compromise heretofore made
therein, providing that said bonds shall
not be issued until the bonds for which
said refundlng bonds are 20 be issued
shall be delivered up for cancellation,
and marked n a plain manner with
the words PAID IN Full
Sec. s. This ordinance shall take 81
feet and be IN force from and after It's
publication.
Passed in council June II. 1896
Approved June II. 1895.
l. II cox. Mayor.
Attest: g. s. SMITH. City CLERK.