The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-02-24
First published February "a, 1921
ORDINANCE NO. 2s5

| ORDINANCE NO. 2s5
AN ORDINANCE PROVIDING FOR
THE ISSUANCE OF IMPROVE
MENT BONDS OF THE CITY OF
LIBERAL, KANSAS, IN THE
SUM OF $6,592.71. TO PAY THE
COSTS AND EXPENSE OF THE
INSTALLING AND EQUIPPING
OF A SYSTEM OF STREET
LIGHTING ON PARTS OF KAN
SAS AVENUE AND SECOND
STREET IN THE CITY OF LIB
ERAL, KANSAS:
WHEREAS: in pursuance of pro-
ceedings duly had and taken accord
ing to law, a contract has been let
for the installing and equipping of a
special system of street lighting on
the following described streets and
avenues in and between the bound
aries hereinafter designated; Kansas
Avenue between Fifth Street on the
north and Elm Street on the south
and Second Street between Grant
Avenue or the west and Pennsylvan-
ia Avenue on the east, in the city
of Liberal, Kansas, and the total cost
of said improvement has been ascer-
tanned and is hereby determined to
be the sum of $9,445.30, and the
amount has been heretofore duly as
sessed and apportioned to the several
lots and pieces Of ground on such
streets and avenues liable to the pay
ment thereof, according to the front
footage, payable in ten equal annual
installments according to law, and
the amount of said special assess
ments for which bonds are to be is
sued as herein provided, in anticipa-
tion of the said special assessments
which remain unpaid has been ascer-
tanned and is hereby determined to
be the sum of $6,59271, the differ
ence between the said amounts hav-
ing been paid by the property owners
on said Kansas Avenue and Second
Street, whose property has thereby
been discharged from any further
assessments for the cost and expense
of said improvements in the amounts
so maid, therefore.
BE 1T ORDAINED BY THE MAY
OR AND COUNCIL OF THE
CITY OF LIBERAL, KANSAS:
Section l. That the cost of said
Street Lighting, after deducting
therefrom the assessments hereto
fore paid thereon, shall be paid in
ten equal annual installments, in
stead of levying the entire amount at
one time, the first installment to be
paid with the taxes for the year 1921
and one installment with the taxes
for each year thereafter until the
whole are paid; and that for such in
stallments there shall be issued i'm
provement bonds of the City of Lib
eral, Kansas, and the same are here
by issued in the aggregate sum of
$6,592.71, as hereinafter provided.
Section II. Said issue of bonds
shall consist of nine bonds in the de-
nomination of $4,000 each and one
bond on the denomination of $292.71,
said bonds shall be numbered from
one to ten inclusive, all dated Febru-
airy 1, 1921, and all bear interest at
the rate of s per cent per annum,
payable February LIST and August LIST
each year, except that the first in
terest coupons on all the bonds shall
be for one year and shall be due and
payable February 1, 1922; said bonds
shall have interest coupons attached
thereto and shall become due and
payable as follows, to-wit:
Bond No. 1, February 1, 1929, and
one bond maturing each year there
after 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 attached thereto, and the inter-
est coupons to said bonds shall be
signed by the Clerk, provided, how
ever that the signature of the City
Clerk may be Autographed upon said
coupons, and both bonds and cou-
pons shall be made payable at the
Fiscal Agency of the State of Kan
sas, in the city of Topeka in said
state.