The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1920-07-01

OBSERVATION-DISCLOSURES lllllllll
one half per cent (51a per cent? per
annum, payable February list and
August LIST of each year, except that
the first interest coupons on all the
bonds shall be for a period of one
year, and shall be due and payable
February /, 1921; said bonds shall
have interest coupons attached there
to and shall become due and payable
as follows, to-wit:
Bonds Nos. to Is inclusive Feb
ruary /, 1921, and fifteen bonds ma
turing each year until all are paid.
Section g. 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 the
the signature of the City Clerk may
be autographed upon said coupons,
and both bonds and coupons shall be
made payable at the Fiscal Agency Of
the State of Kansas, in the city of
! Topeka in said state.
Section A. Said bonds shall be eX-
ecuted in the form and contain re
citals substantially as follows:
UNITED STATES OF AMERICA
STATE OF KANSAS
CITY OF LIBERAL
Improvement Bond
/ Know All Men By These Presents,
That the City of Liberal, in the coun-
ty of Seward and State of Kansas,
for value received, hereby acknow.
lodges itself to be indebted and prom.
Uses to pay to the bearer the sum of
$4,000 in lawful money of the Uni
ted States of America, on the first
day of February, 1921, with interest
at the rate of five and one half per
cent (51a per cent? per annum, pay
able semi-annually, on the first days
of February and August of each year
after date until the principal sum
shall have been paid, upon the pre-
sentation and surrender of the prop
err interest coupons hereto attached
/ bearing the autographed signature
of the clerk of said city, as they sew
orally become due, and both interest
and principal are payable at the Fis-
cal Agency of the State Of Kansas, in
! the City of Topeka, Kansas; and the
City of Liberal is held and firmly
, bound, and it's faith and credit and
all real and personal property in said
city are hereby pledged for the
prompt payment of the principal
sum Of this bond 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 Liberal to pay for
Street Improvements in and for said
city under and by authority and in
compliance with the provisions of the
laws of the State of Kansas govern
ing cities of the second class, and in
compliance with the provisions of
Ordinance No. 232, duly and legally
passed by the Mayor and Council on
/ the 7th day of October 1919.
And it is further declared and Ger
titled that all acts, conditions and
things required to be done and to
exist precedent to the issuance Of
this bond have been properly done
and performed and do exist in regu-
lar and due form as required by the
I Constitution and Laws of the State
of Kansas, and that the total bonded
Indebtedness of said city, including
this series of bonds, does not exceed
any constitutional or statutory limi-
tations.
In Witness Whereof, said City of
Liberal, Kansas, by its Mayor and
Council, has caused this bond to be
signed by its Mayor and attested by
its clerk, and its corporate seal to be
affixed hereto, and this bond is to be
dated February 1, 1920.
W. V. Griffith,
Mayor.
Attest L. L. Holland
City Clerk
Section 5. The interest coupon to
be attached to said bonds shall be
substantially in the following form
INTEREST COUPON
NO .-........-. 3--..........
On the first days February 1921,
the City of Liberal, Kansas, will pay
to the bearer. Dollars, at
the Fiscal Agency of the State Of
Kansas, being six months interest on
the improvement bond dated Febru-
airy !, 1920.
uo1IonJ