The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-01-06


which are for investments for which
we get. the benefit every day in the
year.
First Published January 6, l92D
ORDINANCE NO. ZIG
AN ORDINANCE PROVIDING FOR
THE ISSUANCE OF BONDS OF
THE CITY OF LIBERAL, KAN
SASS IN THE AMOUNT OF FlF-
TY THOUSAND DOLLARS FOR
THE PURPOSE OF EXTENDING,
ENLARGING AND IMPROVING
THE SYSTEM OF WATER
WORKS OF THE CITY OF LIB
ERAL
Whereas, at an election duly and
legally called and held in the City of
Liberal, Kansas, upon the End of
November, A. D. 1920, a majority of
said electors voted at said election in
favor of the issuance of the bonds
Of said city in the amount of Ninety
eight Thousand Dollars for the pur-
pose of extending, charging and i'm
proving the system of water works
of said city, and
Whereas, for the purpose of pay
ing for the costs and expense of such
enlargement, extension and improve
ments of work necessary and eXpe-
dent to be done at this time, it is
necessary that of said amount of
bonds so authorized to be issued, that
the amount of Fifty Thousand Dol
lars be issued and delivered.
AN0W, therefore, be it ordained by
lthe Mayor and Council of the City
of Liberal, Kansas:
Section One. That negotiable cou-
pom bonds of the City of Liberal, in
the amount of Fifty ($5O,OOO.O0)
3 Thousand Dollars are hereby author
lied and directed to be issued. Said
bonds bearing date of February LIST,
1921, and to mature as follows:
100000 February LIST, 1941, and
100000 on the first day of Feb
ruary in each year thereafter, in
the years 1912 to 1850, both in
elusive:
All bearing interest at the rate of
Five Per Cent per annum, payable
semi-annually on the list days of
August and February of each year,
both principal and interest payable
at the Kansas Fiscal Agency at the
State Treasurer's office, Topeka,
Kansas. All bonds in the denomina-
Z ton of 100000 and numbered from
One to Fifty, both inclusive.
Section Two. That said bonds shall
be substantially in the following
form, to-wit:
(form of bond)
UNITED STATES OF AMERICA
STATE OF KANSAS y
COUNTY OF SEWARD
CITY OF LIBERAL
WATER WORKS EXTENSION
5 KNOW ALL MEN BY THESE PRES
ents, That the City of Liberal,
County of Seward and State of Kan
sas, acknowledges itself to owe and
for value received, hereby promises
to pay to the bearer hereof, on the
LIST day of February, ID, the
fslfincipal sum of ONE THOUSAND
NGOLLARS, together with interest on
Ssaid sum from the date hereof until
paid, at the rate of Five per cent per
annum payable semi-annually on the
lst day of August and February in
each year, upon the presentation and
surrender of the interest coupon
hereto annexed as they severally be-
come due. Both principal and in
terest payable in lawful money of
the United States of America, at the
office of the State Treasurer of the
State of Kansas, in the City of Tope-
ka, Kansas. And for the prompt
payment of the principal and inter-
est of this bond as they respectively
become due, the full faith, credit and
resources of said City of Liberal are
hereby irrevocably pledged; Provid-
ed, however, that the City of Liberal
may call in and pay same at any time
after Fifteen years.
THIS BOND is issued by the said
City of Liberal for the purpose OF
providing funds with which to con-
struct extensions to the Water
Works System of said City for the
purpose of supplying said City and
its inhabitants with water, pursuant
to favorable vote of more than
a majority of the electors Of said City
voting at an election duly and legal
ly called and held for that purpose
land pursuant to and in full conform
\ ity to the Constitution and Laws of
the State of Kansas, including
I, an Act Of the Legislature of the
said State of Kansas, entitled "An
Act relating to the issuance of bonds