The Globe-republican. [volume] (Dodge City, Kan.) 1889-1910, 1901-12-26
First published Dec. &c. 1901.
Ordinance No. ESQ.

Ordinance No. 256.
An ordinance providing for the issuing of
Bonds of the City of Dodge City. Ford County.
Kansas. in the sum of $4,000 and appropriat
ing the sum $2951-36 to compromise and re
fund certain existing Indebtedness of said
City.
Whereas, The City of Dodge City, Kansas,
has certain indebtedn consisting 80
bonds for One Thousand (S1 ,0o0.) Dollars
each issued by said City and matured
pons from said bonds and Il judgment rem
dered September 18th, $780, against said City
on certain overdue coupons clipped from
said bonds in the total sum $5526I. GA, and the
said bonds having been legally created and
being valid and binding obligation of said
City, and which bonds have all been issued
aud outstanding more than two years; and
Whereas, n compromise has been agreed
upon between said City and the owner and
holder of said Bonds, coupons and judg
ment for refunding SAT 200. of said indebted
ness evidenced by sad bonds, coupons and
Judgment at n reduced rate of interest and
the payment of Two Thousand ($2,OO0.) Dol
lars in cash and DELIVERING the holder of
said indebtedness City warrant for the
payment 1851. 36,
Therefore, be it ordained by the Mayor and
Councilmen of the City of Dodge City, Kan
Section 1. That for the purpose refund
ing said above mentioned Indebtedness in
the sum of s55261-64 according to said agree
n.ent new bonds of satd City in the sum of
SIT 900, be issued as hereinafter provided un-
der authority conferred and in the manner
provided for in an Act of the Legislature of
the State of Kansas entitled can Act ena-
BILE counties, municipal corporations, the
boards education of any city and school
districts refund their Indebtedness -
which took effect March 10th, 1879, $ amend
ed by Chapter 16s of the Laws of 1891,
Chapter 113 of the Laws 1898 and Chapter
2, of the Laws of 1901, and in strict conform
ity to all other Laws of the State Kansas.
Section 2 Said bonds shall be in denoni-
nations of 81 GOO numbered consecutively
from one to forty-seven inclusive, dated JAN
uary First. 1902, and shall be due and paya-
, bic thirty years after date thereof Said
City shall reserve in said bond the right to
pay any and all of said bonds date of
any interest payment.
Section 3. Said bonds shall bear interest
at the rate of per cent per annu1n from
date. payable semi-annually the first days
of January and July in each year. and semi
annual installm ents of interest shall shall be
evidenced by coupons attached said bonds
both principal and interest shall payable
as they become due at the Fiscal Agency of
the State of Kansas in the City New
York
Section A. Said Bonds shall be signed by
the Mayor and attested by the City Clerk
DER the Seal of the City, and said interest
coupons Shall be signed by said Mayor
Clerk the signatures of said Mayor and
Clel shall be printed o Autographed said
coupons.
Section s. The Mayor Clerk o said
! City are hereby authorized and directed L
soon as practicable to prepare and execute
said bonds, therein pledging the faith and
credit of said City for the payment thereof;
and when said bonds shall have been
I
County Clerk and the Auditor of the State of
Kansas, and certified by the Auditor OF State,
they shall be delivered the OWNER and
holder of said Indebtedness in pursuance of
the terms of said compromise the surren-
der of the indebtedness, being the bonds,
| coupons and cancellation of Judge nent-
Section C. There shall be levied annually
at the time of NJ aking the levy OF other -
| es, sufficient in amount to pay the in
/ teTest upon said bonds and coupons they
become due, and create sinking fund, as
provided for in said act of March 10th. 1879. as
| amended, for the payment of the principal
of said bonds, which shall be collected with
other taxes and paid into The treasury as
4 provided by law for other taxes
Section = That in addition to said refund
| ing bonds q a part said compromise
| the City Treasurer of said City. is hereby
| dered pay the holder of said bonds the
sum of =, 050- in cash which amount is hereby
| appro pFIafed for TIL at purpose and shall pay
| to the holder said indebtedness the
| Their of So5f-35 which is hereby appro-
priated for that purpose for which last mem
| ton amount the Mayor and City Clerk are
| hereby ordered execute and deliver to lie
holder of said Indebtedness a City Warrant
/ or order payable the first day of Februa-
| nv, 1892, in full settlement and compromise
of said Indebtedness.
and be in force from and after its publica-
| eIslI new spaper. published said City
| Passed and approved Dec. le. 1901
! Attest c. IL HOOVER.
| s. GALLAGHER, JR-. Mayor
lsEALI City Clerk