The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1920-06-24
UNITED STATES OF AMERICA
STATE OF KANSAS
CITY OF LIBERAL
Improvement Bond

STATE OF KANSAS
CITY OF LIBERAL
Improvement Bond
* KNOW ALL MEN BY THESE
PRESENTS, That the City of Liber-
al, in the County of Seward and State
of Kansas, for value received, hereby
acknowledges itself to be indebted
the sum of $500.00 in lawful money
of the United States of America, on
the first day of February 1921 with
interest at the rate of five and one
half per cent (5 " per cent? per an
mum, payable semi-annually, on the
first days of February and August of
each year after date thereof until the
principal sum shall have been paid,
upon the presentation and surrender
of the proper interest coupons here
to attached bearing the Autographed
signature of the clerk of said city, as
they severally become due, and both
principal and interest are payable at
the Fiscal Agency of the State Of
Kansas, in the city of Topeka, Kan
and firmly bound, and its faith and
sas; and the city of Liberal is held
credit and all real and personal prop
erty in said city are hereby pledged
for the prompt payment of the prin-
cipal of this bond and the interest
thereon at maturity.
This bond is one of 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 of and
in compliance with the provisions Of
the laws of the State of Kansas gov
erning cities of the Second Glass, 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
ified that all acts, conditions and
things required to be done and to ex-
ist precedent to the issuance of this
bond have been properly done and
performed and do exist in regular
and due form as required by the Con-
stitution and Laws of the State of
Kansas, and that the total indebted
ness of said city, including this series
of bonds, does not exceed any consti-
tutional or statutory limitations.
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 !, 1920
w. V. Griffith,
Mayor
Attest l.. L. Holland
City Clerk
Section V. The interest coupons
to be attached to said bonds shall be
in substantially the following form:
INTEREST COUPON
On the first day of 1921, the
City of Liberal, Kansas, will pay to
the bearer Dollars, at the Fis-
cal Agency of the State of Kansas,
being six months interest on the i'm
provement bond dated February 1,
1920.
L. L. Holland,
City Clerk.
Section VI. That the Mayor and
Clerk are hereby authorized, without
unnecessary delay, to prepare and ex-
ecute said bonds, as in this ordinance
provided, and that when executed
said bonds shall be registered with
the City Clerk of Liberal, Kansas,
and with the Auditor of the State of
Kansas, as required by law, and shall
be by the Mayor of said city deliver
ed to the contractor constructing !
such improvements, provided however
that said bonds shall not be sold or
delivered to said contractor at less
than their par value nor in a greater
amount than the whole amount due
and owing him under his contract;
or, the Mayor and Council may sell
the bonds at not less than thei par
value, and out of the proceeds there
Of pay said contractor the amount
due him, and that the Mayor and
Council shall annually make proXis-
ion for the payment of the principal
and interest on said bonds, as they
severally become due, by levying an
assessment and tax on the property
liable thereof.
Section VII. This ordinance shall
take effect and be in force from and
after its passage and publication in
The official city papers.
Passed by the Council June %, 1920.
Approved by the Mayor June %, 1920
W. v. GRIFFITH,
(seaD Mayor.
Attest: L. L. Holland, City Clerk.
NOTICE the description of the