The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-04-28
First published April 20, 1921
ORDINANCE NO. 29O

First published April 20, 1921
ORDINANCE NO. 200
AN ORDINANCE PROVIDING FOR
THE ISSUANCE OF IMPROVE
:. .MENT BONDS OF THE CITY OF
LIBERAL, KANSAS, IN THE
SUM OF $14,O61.94 TO PAY
THE COSTS AND EXPENSE OF
THE IMPROVEMENT OF All
LEYS RUNNING NORTH AND
AND SOUTH THROUGH BLOCKS
. SO, 81, 81, ORIGINAL TOWN
SITE AND DAYTON'S ADDI-
TION IN SAID CITY.
WHEREAS; in pursuance of pro-
ceedings duly had and taken accord
ing to law a contract has been let for
the grading and paving of Alleys run
ming north and south through blocks
33, "a, 81, Original Townsite and
Dayton's Addition. in the City OF
Liberal, Kansas, and the total cost OF
said Improvement has been ascertain
ed, and the portion thereof to be
paid by a general tax, to be levied
upon all the taxable property within
said city for the Improvement of the
squares and areas formed by the in
tersection of alleys so improved, with
other alleys within the above defined
limits, and for which bonds are to be
issued as hereinafter provided, has
been ascertained and is hereby de-
termined to be the sum of $516. OIL I;
and the portion thereof to be paid
by special assessment levied upon
the lots and parcels of ground liable
for the cost of such improvement has
been ascertained and is hereby de-
termind to be the sum of $13,855. o.;
and the last named amount has been
heretofore duly assessed and appor-
toned to the said several lots and
parcels of ground on such alleys, IL
able to the payment thereof, pay
able in twenty equal annual install
ments according to law, and the
amount of said special assessments
for which bonds are to be issued as
herein provided, in anticipation OF
the said special assessments which re-
main unpaid has been ascertained
and is hereby determined to be the
sum Of $13, 545.93, the difference be-
tween said last two named amounts
having been paid by the property
owners on said above described
alleys, whose property has thereby
been discharged from any further as
sessment for the cost and expense of
said improvements in the amounts
so paid. therefore.
Be It Ordained By The Mayor And
Council OF The City of Liberal,
Kansas:
Section 1. That the cost of said
Alley Improvement, after deducting
therefrom the assessments hereto
fore paid thereon, as aforesaid, shall
be paid in twenty equal installments,
instead of levying the entire amount
at one time the first installment tobe
paid with the taxes for the year 1921
and one installment with the taxes
for each succeeding year thereafter
until the whole are paid; and that
for such installments there shall be
issued improvements bonds of the
City of Liberal, Kansas, and the
same are hereby issued in the aggre-
gate sum of 14,061.94, as hereinaf-
ter provided.
Section II. Said bonds shall be
dated February 1, 1921, and shall
bear interest at the rate of five and
one half per cent per annum, pay
able semi-annually on the first anvs
of February and August each wear
except the first interest paymenl
which shall be for one year and shall
be due and payable February 1929;
said bonds shall have interest cou-
pons attached thereto bearing the !
Autographed signature of the Mayor
and City Clerk.
Said bonds shall be numbered
from one to twenty inclusive and
shall be in the denomination of $780, +;
90, except bond No. which shall be
in the denomination of $761.94.
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 Mayor and City Clerk.
provided, however, that the sigma
lures of the Mayor and City Clerk
may be Autographed upon said cou-
pons, 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 ". Said bonds shall be
executed in the form and contain
recitas substantially as follows:
UNITED STATES OF AMERICA |
STATE OF KANSAS
CITY OF LIBERAL
! Improvement Bond