The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1921-05-05
'r oRDiNA A Nc asa

First Pub. May s, 1921
ORDINANCE NO. Z02
AN ORDINANCE ROVIDING FOR
THE ISSUANCE OF BONDS OF
THE CITY OF LIBERAL, KAN
SAS, IN THE SUM OF THIRTY
THOUSAND DOLLARS FOR THE
= PURPOSE OF EXTENDING,
ENLARGING AND IMPROVING
THE SYSTEM OF WATER
WORKS OF THE CITY OF LIB
WHEREAS, at an election duly
and legally called and held in the
City Of Liberal, Kansas on the 26th
day of April, 1921, majority of the
electors voted at said election in
favor Of the issuance of the bonds
Of said city in the amount of not to
exceed Ninety-Eight Thousand Dol
lars, for the purpose of extending
enlarging and improving the system
Of water works of said city, and.
WHEREAS, for the purpose of
paying the costs and expense Of such
enlargement, extension and improve
ment necessary, and expedieht to
be done at this time, it is necessary
that Of said amount of bonds so au-
thorized to be issued. that the
amount of Thirty Thousand Dollars
be issued and delivered. therefore
BE 1T ORDAINED BY THE MAY
OR AND COUNCIL OF THE
CITY OF LIBERAL, KANSAS:
Section 1. That negotiable coupon
bonds of the City of Liberal. Kansas.
in. the amount of Thirty Thousand
Dollars are hereby authorized and
directed to be issued.
Said bonds to be dated Nav !.
1921, and to mature May 1, 1881,
all bearing interest at the rate
smi-annually on the first days of
May and November of each year.
both interest and principal payable
at the Fiscal Agency of the State
Of Kansas at Topeka, Kansas.
All bonds to be in the denomina-
ton of $4,000, and to be num-
bered from one to thirty, inclusive.
Section 2. That said bonds shall
be substantially in the following
form, to-wit:
UNITED STATES OF AMERICA
STATE OF KANSAS :
CITY OF LIBERAL
WATER WORKS IMPROVEMENT
BOND
KNOW ALL MEN BY THESE
PRESENTS, That the City Of Lib
eral, County of Seward, State of
Kansas, hereby acknowledges itself
to be indebted and promises to pay,
for value received, the bearer, on
the first day Of May 1881, the prin-
cipal sum of One Thousand Dollars.
together with interest at the rate of
five per cent per annum, payable
semi-annually on the first days of
May and November, each year, upon
presentation and surrender of the
proper interest coupons hereto at
tachd, as they severally become due.
Both interest and principal paya-
BILE at the office of the Fiscal
Agency of the State of Kansas, in the
City of Topeka, in said state.
For the prompt payment of the
principal and interest of this bond.
the faith and credit, and all real
and personal property within the
City of Liberal, are hereby pledged.
This bond is one of p, series of
bonds of like date and tenor, issued
by the City of Liberal. Kansas, to
pay for extensions. improvements
and enlarging the Water Works Sys-
tenn in and for said city under and
by virtue of the Constitution and
Laws of the State of Kansas govern
ing cities Of the second class and pur
suant to a favorable vote of a ma
jority of the votes cast at special
election, duly and legally called and
held in said city on the 26th day Of
April, 1921.
And it is further declared and
certified that all acts conditions and
things required to be done and t.
exist, precedent to the issuance of
this bond, have been done and Do
exist in regular and due form as re-
quired by the Constitution and Laws
Of the State of Kansas, and that the
total bonded indebtedness of said
city, including this issue of bonds,
does not exceed any constitutional or
statutory limitations.
IN WITNESS WHEREOF, said
City of Liberal, Kansas, by its May
or and Council. has caused this bond
to be signed by its Mayor and at
tested by its City Clerk. and its cor
porate seal to be affixed hereto, and
this bond is to be dated May 1, 1921.