The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1905-02-10
10. ras-REruNp1Ne BoNDs.

".
An ordinance to provide for the Teiunding Of
bonds heretofore issued BY the city Of Goodlznd,
in the county Of Sherman and state OF kansas,
and 70 authorize the mayor and clerk OF said city
total amount OF twenty thousand (Szo,ooo-Ool dol
lars, 70 be issued for the purchase and payment
Of the bonds Of said city now OUTSTANDING ioI
mere thsn two years ana unPsioi salq LeLuLells
bonds 20 be Issued under and IN compliance Win
section 5Iz' page II9 OF tne SensLa! u
Kansas 1901 the same being a part q chaPter
IA Of said statutes and authorizing cities OF the
second class TO refund their indebtedness.
Be it ordained By the Mayor and Councilmen
Of the city Of GoOdiand, county Of Sherman and
Section \ That the city Of Goodland has here
tofore created an indebtedness in the sum of
twenty Thousand Iszo,OoooOl dCllhrs, which in
debtedness IS evidenced BY outstanding and IN
paid bonds of said city to said amount.
Section ?. That the said city Of GoOdland'
Kansas, now refunds its said Indebtedness by IS
suing in conformity with said section SI7, page
10, of the General Statutes of Kansas 1901,
lower rate Of interest than that of the bonds now
outstanding BY issuing Its retunding bonds Tor
said purpose
Section 3 That being satisfied that such re-
funding viii be for the best interest of said city,
Il IS BY the Mayor and CouncliInen OF SaLo city
hereby ordered. that said Tefunding Of the bonds
now outstanding be made BY issuance Of the re-
funding bonds OF said city IN q sum not 70 exceed
the aggregate Of twenty thousand lSzo,ooO.ool
dollars.
Section l. That the Mayor and Clerk OF said
city Of Goodlsud hereby directed ordered,
authorized and empowered 10 issue the reminding
bonds Of said city IN conformity to said section
81 page 10 of the General Statutes Of Kansas
1901, IN the aggregate amount OF twenty thousand
Iszo0OoO col dollars; said bonds 10 be Of the de-
nomination of one thousand Il. 10000 dollars
each; bear interest the rate OF four and one
half per cent per annum, to be dated January I,
1905, and interest thereon to be payable on the
first days of January and July thereafter the PTin-
cipzl 10 become due IN twenty years from date OF
+ issue, the said city of GOodlsnd reserving the
right and privilege OF paying any or all OF SAID
bonds On any date wherein interest on the said
bonds shall be due and payable, after ten years
from the date OF said bonds said bonds and the
interest thereon TO be payable at the Fiscal Agen
Cy Of the state Of Kansas IN the City Of New York
in the state Of New York.
by further ordered to sign and the city clerk TO
attest and a5E the seal Of the city Of Goodland,
Kansas to the refunding bonds 20 be issued under
this ordinance and for the purposes therein set
Section g. That the Mayor and Clerk Of said
city are hereby instructed TO sell said Tefunding
bonds issued By virtue Of this ordinance at price
not less than the par value Of said bonds, and to
pay of and cancel with the proceeds Of such sale
or sales the bonds refunded by this ordinance.
Section u That the Mayor and Clerk Of said
city are hereby further instructed to have said re-
funding bonds hereby authorized registered by the
clerk Of said cityof GOOdisnd prior 70 their sale
and delivery, and TO also have said bonds Only
registered By the county clerk Of Sherman county,
Kansas, showing the number and amount thereof,
of each, TO whom payable, where payable, date
Of maturity, and the option Of payment and all
Section s. That the mayor and clerk of said
city CT Goodlznd Al the time Of issuing said re-
| funding bonds shall make cut and transfer TO the
auditor Of state a certified statement Of all pro-
ceedings had in relation to said refuIlding bonds
as shown Of record distinctly described that said
bonds have been issued for value and for the pur-
pose hereinbefoTe set forth, for the payment OF
certain Indebtedness surrendered, dis tinctiy de-
scribing the bonds issued and the Indebtedness
surrendered, certifying that they have been duly
registered by the city clerk Of said city Of Good
land, and by the county clerk OF said Sherman
county, Kansas, as required by law; said certified
statement TO the auditor OF the state, shall be
signed by the mayor and clerk Of said city OF
Coodlzud sttested with the seal Of said city and
be duly acknowledged before the county clerk OF
said county Of Sherman, IN the state Of Kansas
Section 9. This ordinance shall take effect and
be m full force from and after its passage and
publication In the Official newspaper Of said city
OF GoodIand
Passed and approved this 9Th day OF February,
A. D. 1905. Z. E SwARTs, Mayor
Attest. r. A. KEsT. City Clerk.