The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1897-06-30
published June 80. 1879

published June 80, 1879
ORDINANCE NO. 1925
An ordinance providing for the issue Oh
bonds Of the City Of Wichita, Kansas
in the sum of s25, 2s7.96. 10 compromise
and refund certain existing bonded
Indebtedness Of the said city.
Whereas, The City Of Wichita, Kansas
has certain bonded indebtedness in the
sum OF SIS. 2S7.96. heretofore legally ere
ated, and which has been issued and
outstanding more than two years: and
Whereas. A compromise has been
agreed upon between said city and the
owners and holders of said bonds; there
fora
Be It ordained by the Mayor and Coun-
cilmen Of the City Of Wichita, Kansas
Section I. That for the purpose OF
compromising and refunding said bond
cd Indebtedness, new bonds OF said city
in the sum of $25, 2s7 SO be issued as
hereinafter provided.
Sec. 2. Said bonds shall be denonia-
ated "Wicnita Refunding Bonds, Series
F." and shall be Of denominations of
81, 10000, except No. 26. which shall be
for $2S7.96. shall be numbered from one
to twenty-six, inclusive. shall be dated
July LIST, 1897. and shall become due and
payable twenty years after date.
Sec. g. Said bonds shall bear interest
at the rate of FIVE per cent per annum
from their date. payable semi-annually
on the first day of January and July Of
each year, and the several installments
Of interest shall be evidenced by cou-
pons attached 10 said bonds, and both
principal and interest shah be payable
as they become due at the office Of the
State Treasurer. in Topeka, Kansas.
Sec 4. The said bonds shall be sign
Ell 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 and shall be numbered
from / to 20, and shall bear number Of
bond and series.
Sec. 5. The Mayor and Clerk are
hereby authorized so soon as practicable
10 prepare and execute said bonds and
coupons, and when so executed the
Clerk shall register same IN his Office
and procure their registration by the
County Clerk: and The Mayor and Clerk
shall make out and transfer 10 the Audi
tor OF State a certified statement Of all
proceedings herein, as shown of record.
and that said bonds have been issued
for value in all respects in conformity to
law for certain Indebtedness surrender
ed, distinctly describing the bonds is
sued and the Indebtedness surrendered.
and that they have been duly registered
by the attest;ng clerk and the County
Clerk, as required by said act. which
statement SHAH be in sucn form and
contain such other information as the
Auditor OF State may require, and be
signed by the Mayor and Clerk. and at
tested by the Clerk with the corporate
seal OF the city. and be duly acknowledg-
ed before the County Clerk And when
said bonds shall have been registered
and certified by the Auditor OF State.
said Mayor and Clerk shall deliver same
to the holder OF said indebtedness 50 re-
funded according to tie terms of The said
heretofore made therein:
Provided. thai said bonds snail not be
issued uisa the proper evidence Of the
for which the same are 70
be issued shall De delivered up for can
collation..
SEQ s. There shall be levied annually.
az the tine OF making the levy o: other
taxes. a AK sufficient in amount 20 pay
the interest upon said bonds and the
coupons as they become due. and 70 ere
ate a sinking fund. as provided fo- in
said &C, OF Marcn 10. 1879. for he pay
men, Of the principal ot said bonds. and
-- es-t
specific fund .or the redemption o. said
bonds.
Sec. :. THIS ordinance shall :ske e.
ssc: and be in force from and after is
passage and publication N the Wichita
Daily Easse
Approved This zath day os June 1887
FINLAY ROSS. Mayor
Attest: Il T KRAMER, City Clerk