The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1920-06-24
First published June "a, 1920.
ORDINANCE NO. ESQ


First published June "a, 1920.
ORDINANCE NO. 259
An ordinance providing for the is
suance of the improvement bonds of
the City of Liberal, Kansas, in the
sum Of $147,867.11 to pay the costs
and expense of the improvement of
certain parts of Lincoln Avenue and
Kansas Avenue in said city.
Whereas, in pursuance of proceed
ings duly had and taken according to
law, contract has ben let for the
grading, ,curbing, guttering and paw
ing of Lincoln Avenue, in the City of
Liberal, Kansas, between the north
line of Railroad Avenue on the south
and the south line of Eighth Street
en- the north, and Kansas Avenue be-
tween the south line of Fifth Street
on the south and the south side of
Eleventh Street on the north, in the
City of Liberal, aKnsas, and the total
cost of said improvements has been
ascertained, and the portion thereof
to be paid by general tax, to be lev
led upon all taxable property within
said city, for the Improvement of the
squares and areas formed by the in
tersection of streets and alleys with
the above defined limits, and for
which bonds are to be issued as here
matter provided, has been ascer-
tanned and is hereby determined to be
the sum of $40, 0,865.17; and the por-
tion thereof to be paid by special
assessment levied upon the lots and
pieces of ground liable for the cost
of such improvement has been ascer-
tanned and is hereby determined to be
the sum of $109,624.18: and the last
named amount has been heretofore
duly assessed and apportioned to the
said several lots and pieces of ground
on such street and avenue liable to
the payment thereof, payable in
twenty equal annual installments ac-
cording to law, and the amount of
said special assessments for which
bonds are to be issued, as herein pro-
vided, in anticipation of the said
special assessments which remain un-
paid has been ascertaned and is here
by determined to be the sum of $107,-
"a, the difference between said
last two named amounts having been
paid by the property owners on said
Lincoln Avenue and Kansas Avenue,
whose property has thereby been dis
charged from any further assessment
for the cost and expense of said inn
provements in the amounts so paid,
therefore,
Be it ordained by the Mayor and
Council of the City of Liberal, Kan
sas:
Section |. That the cost of said
street improvement, after deducting
therefrom assessments heretofore
paid thereon, as aforesaid, shall be
paid in twenty equal annual Install
ments, instead of levying the entire
cost at one time, the first installment
to be paid with the taxes for the year
of 1920, and one installment with the
taxes for each succeeding year there
after, 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
hereby issued in the aggregate sum
of $147,867.11, as hereinafter pro-
vided.
Section l. Said issue of bonds
shall consist of 295 bonds in the de-
of $500.00 each and one
bond in the denomination of $367.11.
said bonds to be numbered from one
to 296 inclusive, all dated February
l, 1920, and all bearing interest at
the rate of five and one half per cent
per annum, payable February l and
August l of each year, excep 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 No. to Is inclusive February
/, 1921 and fifteen bonds maturing
each year thereafter until all are
paid.
Section III. 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 |
thereto, and the interest |
coupons to said bonds shall be signed
by the clerk, provided, however, that |
the signature of the City Clerk may
be Autographed upon said bonds 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 w. Said bonds shall be
nvnnntnd in tho form and shall nnn-