The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1898-07-03
published July 8, 1881

An Ordinance Providing for the Issue OF
Bonds of the City of Wichita. Kansas,
in the Sum of Twenty-Five Thousand
Dollars to Compromise and Refund Ger
tain Existing Bonded Indebtedness of
the Said City.
Whereas, The city of Wichita Kansas,
has certain bonded indebtedness in the
sum of Twenty-Five Thousand Dollars,
heretofore legally created 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
fore
Be it ordained by the mayor and coun-
cilmen of the city of Wichita. Kansas:
Section l. That for the purpose of COM
promising and refunding said bonded in
debtedness new bonds of said city in the
sum of Twenty-Five Thousand Dollars be
issued as hereinafter provided.
Sec. 3 Said bonds shall be denominated
''Wichita Refunding Bonds, Series c.
and shall be of denominations OF One
Thousand Dollars each; the same shall
elusive; shall be dated July !, 1893. and
shall become due and payable twenty
years after date.
Sec. 3. Said bonds shall bear interest
at the rate of per cent per annum from
their date, payable semi-annually on the
first day of January and July Of each
year, and the several installmen;s of in
terest shall be evidenced by coupons at
tached to said bonds; and both principal
and interest shall be payable as they be-
come due at the office Of the state treas
urer, in the city of Topeka. Kansas.
Sec. 4. Said bonds shall be signed by
the mayor and attested by the city clerk
under the seal of said city, and said cou-
pons shall be signed by the mayor and
clerk of said city, and shall be numbered
from one to forty. inclusive. and shall
bear number Of bond and series before
stated.
Sec. 5. The mayor and clerk are hereby
authorized so soon as practicable 10 pre-
pare and execute said bonds and coupons.
and when so executed the clerk shall reg
lister the same in his Office, and procure
their regk tration by the county clerk OF
Sedgwick county. Kansas; and the mayor
and city clerk shall make out and trans
fer to the auditor 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 10 law for certain indebt-
Yeness surrendered. distinctly describing
the bonds Used and the Indebtedness sur
rendered. and that they have been duly
registered by the attesfing clerk AMI The
county clerk OF said county as required
by law; which statement shaH be IN sucn
form and contain such .sths- 5nf9-nl2f ton
as the auditor Of state may require, 1nd
Be signed BY the mayor and clerk and
attested by the clerk with the corporate
seal Of said city. ard be duly ackHowI-
edged before the county clerk And WHEN
said bonds shall have been registered and
certified by TIE auditor ~ state sad
mayor and clerk SHALL deliver same 70
the holder q said iu5ebtlvc1ess SO IT,
funded according % the terms CT tae sail
compromise heretofore made therein
Provided That said bonds shah n3t
be issued uutI the proper evidence =
the Ineestiyeness fer which the same are
Il De issued shah bs delivered - for
cancellation
Sec s There shan tse lsvied ssnl-znaa-
ally. 2, the tire q making TIE levy q
other taxes. . tax sufficient n aEloa-.t
10 p-y The interest upon said BONDS sr3
The coupons as thsy become DE ard -
create e sinking sund, as p-ov.5ed ~ n
The aoi % Iarck - ssssioa laws G E1z-
zS. ia tc= tie szyras7i c: tAe p-..c-sai