The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-07-03
published July 8, 1881

published July 8. 1881
ORDINANCE NO. 1909.
An Ordinance providing for the issue
of bonds of the city of Wichita, Kan
sas, in the sum of $40, 000. 90, to COM
promise and refund certain existing
bonded Indebtedness of said city.
Whereas, The city of Wichita, Kan
saS. has a certain bonded Indebtedness
I'm the sum OF 100000 principal, here
tofore legally created, which has been
issued and outstanding more than two
years, and which are valid and bind
ing obligations of said city; and
Whereas, A compromise has been
agreed upon between said city and the
owner and holder of said bonds; and
Whereas, The said bonds evidencing
said Indebtedness have been delivered
up by the owner and holder thereof
for cancellation; therefore,
Be it ordained by the Mayor and
Councilmen of the city Of Wichita,
Kansas.
Section 1. That for the purpose of
compromising and refunding said
bonded Indebtedness, new bonds of
said city in the sum of 100000 be is
sued as hereinafter provided.
Sec. 2. That said bonds shall be of
denominations of 100000 each, num-
bered consecutively from 1 to 10 in
elusive, dated July /, 1895. and shall
become due and payable twenty years
after date.
Sec. g. Said bonds shall bear interest
at the rate of six per cent per annum
from their date, payable semi-annually
on the first days of January and July
each year, and the several install
ments of interest shall be evidenced by
coupons attached to said bonds, and
both principal and interest shall be
payable as they become due at the
Fiscal Agency of the state of Kansas
in the city of New York.
Sec. 4. Said bonds shall be signed by
the mayor and attested 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
by authorized and directed so soon as
practicable to prepare and execute
said bonds and coupons, pledging
therein the faith and credit of the city
for the payment thereof, and when so
executed. the clerk shall register same
in his office and procure their regis
trtion by the county clerk, and the
mayor and city clerk shall make out
and transfer to the auditor of state a
certified statement of all proceedings
herein, as shown of record, and that
the said bonds have been issued for
value in all respects in conformity to
the act of the legislature entitled can
act to enable counties, municipal cor
porations, the board of education of
any city, and school districts, to re-
fund their Indebtedness" which took
effect March 10, 1879, as amendmed,
for certain Indebtedness surrendered,
distinctly describing the bonds issued
and the Indebtedness surrendered, and
that they have been duly registered, and
the attesting clerk and the county
clerk, as required by said act, which
statement shall be in such form and
include such other information as the
auditor of state may require, and be
signed by the mayor and city clerk,
and attested by the clerk with the cor
porate seal of the city. and be duly
acknowledged before the county clerk.
And when said bonds shall have been
registered and certified by the auditor
of state, said mayor and city clerk
shall deliver same to the holder of said
indebtedness so refunded. according