Meade County news. [volume] (Meade, Kan.) 1900-1918, 1901-03-07
Ordinance No. So.
First published March It'll 1901.


An ordinance to provide for the COMPROMISING
and retunding of certain bonded Indebtedness Of
the City of Meade, Kansas, therein named, and
to authorize the issuance and delivery refunding
bonds iu pursuance of such COMPROMISE
WHEREAS, The City of Meade, Kansas, de-
sres to scale down and compromise its bonded in
debtedness and to issue refunding bonds in lieu of
said bonded Indebtedness, and
WHEREAS, Florence Thornburgh, of St LOUIS
Mo, Execrtrix of the last Will and Testament of
William Ii. Thornburgh, deceased, is the owner
and holder OF $4,000 of the refunding bonds of the
City OF Meade, Kansas, together with the unpaid
interest coupons Of said bonds for more than five
years last past, and which said bonds are dated
the LIST day of February, 1888, and are due on the
LIST day of February 1908, and which bonds bear
whereas, the United States Bank Of Hartford,
Conn, is the and holder of S105O0 of the re-
funding bonds of said city together with the I'M
paid interest coupons of said bonds for more than
hive years last past, and which said bonds are
dated the 18th day of November, 1888, and are
due on the 18th day of November, 1918, and which
bonds bear interest at the rate of per cent per
annum; and Whereas, Charles Davenport, of
Bath, Maine, is the owner and holder of SSOO0O0
of the bonds of said City issued for the purpose of
constructing City Hall together with the I'M
paid interest coupons OF said bonds for more than
five years last past, and WHICH f bonds are dated
18th day Of February, 1908 and which bonds bear
interest at the rate of per cent per annum, and,
WHEREAS, The said Florence Thornburgh,
Executrix, and the United States Bank, of II art
ford, Conn. and the said Charles Davenport, of
Bath, Me-, are DESTROYS of compromising tie said
them, and,
WHEREAS, the said Florence Thornburgh,
Executrix, has filed with the City Clerk of the
City Of Meade, Kansas, her offer in writing to ac
cept in lieu and i'll full satisfaction of the said
1000 of refunding bonds owned and held by her
and all the unpaid interest coupons of said bonds
owned and held by her, new refunding bonds of
said City upon the following terms: The said
City of Meade, Kansas, to issue in lieu of said
bonds and all the interest coupons of said
bonds the refunding bonds of said City in the sum
of S5I5o0O., said refunding bonds to be issued I'M
1879 as amended by Chapter 163 of the Laws Of
1881 as amended by Chapter 1l3 of the Laws of
1898 Of the State of Kansas. The said
convenient denominations to be made
payable at the Kansas Fiscal Agency in
the State of New York 20 years from the date of
their issue and to bear interest at the rate Of
per cent per annum, payable semi-annually; said
refunding bonds to be issued not later than April
Bank of Hartford, Conn.,, has filed with the said
City Clerk of the said City of Meade, Kansas, its
the refunding bonds of the said City for $500 of
new refunding bonds upon the same terms and
conditions and under the same law as set forth
herein in the case of Florence Thornburgh, Elk
ecutrix; and whereas the said Charles
Davenport has filed his written offer to
compromise the said $SOOO.OO of CITY
S33OO.OO of the refunding bonds Of said City upon
the same terms and under the same conditions
Florence Thornburgh, Executrix, set forth
herein.
THEREFORE BE IT ORDAINED, By the
Mayor and Council of the City of Meade; Kansas.
SECTION 1. That it is to the best interests of
said City of Meade that the offers of compromise
set forth in the preamble to this ordinance be ac-
cepted, and said offers of compromise are hereby
accepted by the said City of Meade upon the
terms and conditions as set forth in said offer of
compromise. That the refunding bonds of the
said City of Meade be issued to the said Florence
Thornburgh in the amount of S5750O0 in lieu of
and in full satisfaction of the Sl4 10000 of the
funding bonds of the said City of Meude held by
her and all unpaid interest coupons of said bonds
held by her; that the refunding bunds of the City
of Meade be issued to the United States Bank Of
Hartford, Conn. in the sum of S43OO00 in lieu of
and in full satisfaction of the SO 10000 Of the re-
funding bonds of said City held by it and all I'M
paid interest coupons of said bonds held by it.
That the refunding bonds of the City of Meade be
issued to the said Charles Davenport in the sum
of 3 90 in lieu of and in full satisfaction of the
SSoOoOo of the City Hall bonds of the said City of
Meade held by him together with all unpaid in
terest coupons of said bonds held by him.
SEC. 2 That all of said rounding bonds
issued in lieu Of said bonded Indebtedness held by
the said persons herein named shall be issued I'M
der the Provisions of Chapter 50 of the Laws of
1879, as amended by Chapter los of the Laws Of
1891 as amended by Chapter 113 of the Laws of
1898 Of the State of Kansas; that said refunding
bonds be issued in con yenient denoin atoms 10 Re
determined by the Mayor and City Clerk and
that said bonds be made payable at the Kansas
Fiscal gency in the State of New York % years
from the date of their issue and to bear interest
at the rate of per cent per annum payable semi
annually; and that interest coupons be attached
to said bonds representing all interest payments
and that said new rounding bonds be issued in
lieu Of said Indebtedness not later than April TO-
1901. That said bonds shall be made payable to
Bearer and shall recite the act under which they
issued; Provided, that said bonds shall not be
delivered until the bonds and the unpaid interest
coupons held by the parties herein named shall
have been delivered up to the proper officers of the
city for cancellation
SEC. }. The Mayor and the City Clerk of the said
City OF Meade, Kansas, are hereby authorized
and directed to issue to the said Florence Thorn
burgh, Executrix, S5750.00.00 of the refunding
bonds of said City in lieu Of the said S14oOO0O Of
refunding bonds and unpaid interest coupons
thereof held by her in accordance with the provis
ions Of this Ordinance And they are hereby
authorized and directed to Issue and deliver to the
said United States Bank of Hartford, Conn.
430000 Of the refunding bonds OF said City in lieu
of the said SO, 10000 of the refunding bonds and
unpaid interest coupons thereof held by it in ac-
cordance with the provisions of this Ordinance.
And they are hereby authorized and directed to
issue and deliver to the said Charles Davenport,
of Bath, Me. $4,000 of the refunding bonds of
said City IN lieu of the said 100000 Of City Hall
bonds and unpaid interest coupons thereon held
by him, in accordance with the provisions Of this
Ordinance.
SEC. 4. This Ordinance shall take effect and
be in force on and after it's publication once in
THE MEADE COUNTY NEWS
Approved March 9th 1901.
LOUIS BoEAiEz, Mayor.
Attest W. c. oscoon, JR-,
City Clerk: