The Hays free press. [volume] (Hays, Kan.) 1908-1924, 1919-05-29
published in the Hays Free Press
May %, 1919
Ordinance No. S43

Ordinance No. 843
An ordinance providing for insurance
of "Fun ding Bonds" of the city OF
Hays, Kansas, to pay all its outstand
ing valid floating indebtedness in pursu
ance of Section 1868 General Statutes
of Kansas for the year 1915.
Whereas, the valid outstanding float
ing Indebtedness of the City of Hays
on the 5th day of April 1919, the date
of the Inauguration of manager-com-
missioners form of city government for
said City of Hays, aggregates it the
sum and amount of S23, 013.17 and
whereas there are no available funds
in the hands of the treasurer of the City
of Hays for the payment of the same
and whereas it is to the best interest to
the city of Hays to fund said floating
indebtness into bonds, therefore,
BE IT ORDAINED by the Mayor
and Board of Commissioners of the
City of Hays:
Section 1. That to pay all the valid
outstanding floating Indebtedness of
the City of Hays, Kansas, and for
which there are no funds in the hands
of the treasurer of the City of Hays
and therefore in pursuance of Section
1868 General Statutes 1851 there shall
be issued bonds of date April 5, 1919,
known as Funding Bonds in the ag-
gregate sum and amount of $23, 013. II
which shall consist Of one bond of $13.-
II and as bonds of $4,000 each. All
payable 20 years after said date on
April 9Th, 1889, drawing interest at a
rate of 5 per cent per annum, payable
semi-annually on the 5th day of Octo-
Der and the 5th day of April of each
year.
Section 2. That such bonds shall be
signed by the Mayor and attssted to
by the City Clerk Of said City, shall
have the corporate seal of said city
affixed thereto, and that the interest
coupons shall be signed by the Mayer
and the Clerk, provided, however, that
the signatures Of the said Mayor and
Clerk may be Autographed upon said
coupons, and that both bonds and cou-
pons shall be payable at the Fiscal
Agency of the State of Kansas, in tn
City of Topeka, Kansas.
Section 8. Said bonds shall be ex-
ecuted and shall contain recitals sub
stantially as follows:
Omitted States Of America, City of
Hays.
Known All Men By These Presents that
the City of Hays, in the County of
Ellis, and State Of Kansas, for value
received, hereby acknowledged itself
indebted and promises to pay the bear
er the sum of $500 lawful money of the
United States of America, on the 9Th
day of April 1889 with interest thereon
at the rate of-----per annum, payable
semi-annually on the 9Th day October
and April of each year after the date
hereof until the principal sum shall have
been paid upon the presentation and
surrender of the proper interest coupon
hereto attached, bearing the signatures
of the mayor and clerk of said city, as
payable, both principal and interest are
payable at the Fiscal Agency OF the
State of Kansas, in the City Of Topeka,
Kansas, and the City Of Hays is firmly
bound, and its faith and credit and al
real and personal property in said city
are hereby pledged for the prompt pay
ment of the principle and the interest
thereon at maturity. This bond is one
of a series of bonds of like date and
tenor issued by said City of Hays to
pay all its outstanding valid floating
Indebtedness under and by authority
of and in compliance with Section
1868 General Statutes 1915 and in
compliance with Ordinance No. 845
duly and legally adopted by the may
Or and commissioners of said city or
the 23rd day of May, 1919.
And it is hereby declared and certi-
fed that all acts, conditions and
list precedent to and in the issuance
of this bond have been properly done
and performed and do exist in reg.
ular and due form and order as requir.
ed by the constitution and the laws OF
of the State Of Kansas.
In Witness Whereof, said City OF
Hays. by it's Mayor and Commission,
ers has caused this bond to be signed
by its Mayor and attested to by its
Clerk and it's corporate seal to be
hereto affixed and this bond to be
dated the 5th day of April A D. 1915
O.S.) C. A. Hardness
Attest: Peter Helzmeisner, Mayor
City Clerk.
Section a. The interest coupons t.
be attached to said bond shall be sub