The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1919-10-16

by the general tax, to be levied upor
all taxable property within said city
for the improvements of the squares
and acres formed by the intersec.
tions of streets and alleys with the
above defined limits, and the area
on lots owned by the City of Lib.
eral, and for which bonds are to be
issued as hereinafter provided, has
been ascertained and is hereby de-
termined to be the sum of $18,515,-
13 and the protion thereof to be
paid by special assessment levied
upon the lots and pieces of ground
liable for the cost of such improve
ment has been ascertained and is
hereby determined to be the sum of
$106,85545; and the last named
amount has been heretofore duly
assessed and apportioned to Che said
several lots and pieces of ground on
such street and avenue liable to the
payment thereof, payable in twenty
equal annual installments according
to law, and the amount of said
special assessments for which bonds
are to be issued as herein provided,
in anticipation of the said special
assessments which remains unpaid
has been ascertained and is hereby
determined to be the sum of $104,-
343.20, the difference between said
last two named amounts having
been paid by the property owners on
said Kansas Avenue, Second Street
and Railroad Avenue, whose prop
erty has thereby been discharged
from any further assessment for
the cost and expense of said i'm
provements in the amounts so paid,
therefore,
BE 1T ORDAINED BY THE MAY
OR AND COUNCIL OF THE
CITY OF LIBERAL, KANSAS:
Section /. That the cost of said
street Improvements, after deduct
ing therefrom assessments hereto
fore paid thereon, as aforesaid, shall
be paid in twenty equal annual
installments, instead of levying the
entire cost at one time, the first in
stallment to be paid with the taxes
for the year 1919, and one install
ment with the taxes for each sue
ceeding year thereafter until the
whole are paid; and that for such
installments there shall be issued
improvement bonds of the city of
Liberal, Kansas, and same are here
by issued in the aggregate sum of
1921 1924, as hereinafter provid-
ed.
Section 2. Said issue of bonds
shall consist of one hundred twenty
bonds, one hundred of which shall
be of the denomination of One
Thousand Dollars each, and twenty
of each sail be of the denomina-
ton of One Thousand Ninety Nine
Dollars and sixty two cents, said
bonds to be numbered one to one
hundred twenty, inclusive, all dated
May l, 1919, and all bearing in
terest at the rate of five per cent
per annum, payable May and
November /, of each year, except
that the first interest coupons on
all of the bonds shall be for a
period of one year and shall be due
and payable May l, 1920; said
bonds shall have interest coupons
attached thereto and shall become
due and payable as follows, to-wit:
Six Thousand Ninety Nine Dollars
and Sixty Two Cents on the first
day of May, 1920, and Six Thousand
Ninety Nine Dollars and Sixty Two
Cents on the First day of May in
each and every year thereafter for
a period of nineteen years.
Section 3. Said bonds shall be
signed by the Mayor and attested by
the City Clerk of said City, and
shall have the corporate seal of
the city attached thereto, and the
interest coupons to said bonds shall
be signed by the clerk, provided,
however, that the signature of the
City Clerk NIFTY be autographed
upon said coupons, and both bonds
and coupons shall be payable at the
Fiscal Agency of the State of Kan
sas, in the City of Topeka in said
State.
Section4. Said bonds shall be
executed in the form and shall con-
tain recitals substantially as follows:
UNITED STATES OF AMERICA
STATE OF KANSAS
CITY OF LIBERAL
Improvement Bond
KNOW ALL MEN BY THESE
800