The Globe-republican., 1901-11-07
Published November 7th. 1901
ORDINANCE NO. 254.

AN oRDINANCE authorizing the issuance of
bonds to refund certain Indebtedness evf-
denced by five thousand dollars of refundinG
bonds issued by the City of Dodge City,
, the 10th day of September. 1890
WHsREAs: On the 10th day of September,
IS 10. the City of Dodge City. in Ford county.
Kansas. being indebted the State of Kan
sas in the five thousand dollars,
accordance with the provisions of of
the Legislature of the State of Kansas, ap-
proved March s, 1872 entitled. IAN Act to
enable counties. municipal corporations,
the board of education any city, and
school districts refund their indebted
ness duly and regularly issued five refund
ing bonds of the denomination of one thou
sand dollars each dated the first day of Jam
uary. 1890, and due the day
uary. 1900. each bearing interest at the rate
of six per cent per annum, payable semi
annually at the Fiscal 4 gency of the State of
Kansas In the City of New York, on presenta
tion of coupons thereto attached they
should come due and
WHEREAS, Said bonds now held by the
State of Kansas and part of the perma-
nent School Fund and
WHEREAS, The interest on said bonds has
been in default since the 1st day of July, 1896.
and there will be due the state of Kansas
bonds January Ist, 1909, the sum of five tIou-
sand dollars. as principal and $500 inter
est, Eo part of which has been paid and
WHEREAS, By way of compromise, it has
heen agreed by and between said city
the State of Kansas that the State of Kansas
shall accept from said city in place of the
overdue refunding bonds above described
and interest due thereon the of 500 in
cash, by way OF payment of all interest due
January 1902. tthnt being third of the
interest then actually due said bonds)
and a issue of refundin.s bonds for the
principal sum of five thousand dollars. bear-f
ing interest at the rate of four per cent. per
annuin, dated the 18th day of November, 1901,
to become dine the 1st day of July. 1921,
with option to said City of paying
more OF said bonds at any interest paying
period, and payable at the Office of the State
Treasurer. Topeka, Kansas, and issued
cording to law Now, THEREFORE.
BE ORDAINED THE MAYOR AND CSUN-
THE CITY DODGE CITY
SECTION l. That for the purpose of refund
ing the five thousand dollars indebtedness
represented by five refunding bonds
thousand dollars each. issued the 10th day of
September, $50, by said city. there shall be
issued by said city five refunding bonds,
dated the 11th day of November, 1901. for one
thousand dollars each, due the 1st day of
July. 1921, bearing interest ut the rate of four
per cent per annun. payable semi annually
II the first day of January and July of each
year upon presentation of coupons repre-
senting interest instaIiments when due,
principal and interest to be made payable
a office of the state Treasurer. Topeka.
Kansas Said refundinS bonds, so TO be Is
sued, shall be signed by the Mayor, attested
by the City Clerk, and coun tersigned by the
City Treasurer. and said officers are hereby
authorized and directed respectively to sign,
attest and countersign such refunding bonds,
and deliver said bond to the State of Kan
upon the cancellation and surrender of
the five refunding bonds issued September
10th. 1885, Provided, that said city shall have
the option pay the principal of one or
more said bonds any interest paying
period
SECTION 2 That said city shall pay to the
state of Kansas the sum of Six Hundred Dol
lars cash in full settlement of all interes
up January l. 1892, due said five bonds
issued september 10Th, 1890, and proper
officers are hereby authorized make such
payment upon presentation of overdue cou-
pons and execution of proper receipts
for interest during the period not covered
by coupons
SECTION g. This ordinance shall be in
force from and after its publication once i'm
the officIal city paper
Attest G. NJ HOOVER,
s. GALLAGHER. JR.. Mayor
IsEALi City Clerk.