The Liberal democrat. [volume] (Liberal, Kan.) 1911-1924, 1922-10-12

, the ClCy Clerk Oh Saiu Guy, anu sinai
have the corporate seal of the city
attached thereto, and the interest cou-
| pons to said bonds shall be signed by
the Mayor and City Clerk, provided,
however, that the signatures Of the
Mayor and Clerk may be Autographed
upon said coupons, 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 4-Said bonds shall be
executed in the form and contain re-
citals substantially as follows:
UNITED STATES OF AMERICA
STATE OF KANSAS
CITY OF LIBERAL
Improvement Bond
| NO................ $...........s......
Know All Men by These Presents:
That the City of Liberal in the
County Of Seward, State Of Kansas,
for value received, hereby aclnowl-
edges itself to be indebted and prom
Uses to pay to the bearer the sum of
$4,000 in lawful money of the Unit
ed States of America, on the first day
of August, 1923 with interest at the
rate of 5h% per annum, payable
semi-annually, on the first days of
February and August of each year
after date until the principal sum
shall have been paid, upon the pre-
sentation and surrender of the proper
interest coupons hereto attached,
bearing the autographed signatures
of the Mayor and City Clerk of said
city, as they severally become due,
and both interest and principal are
payable at the Fiscal Agency of the
State of Kansas, in the City Of To-
peka, Kansas; and the CITY of Liberal
is held and firmly bound, and it is
faith and credit and all real and per-
sonal property in said city are here
by pledged for the prompt payment
of the principal sum of this bond and
the interest thereon at maturity.
This bond is one of series Of
bonds of like date and tenor issued by
the City of Liberal to pay the costs
and expense Of improvements in and
for said city under and by virtue and
in compliance with the provisions Of
the laws of the State of Kansas gov
erning cities of the Second Glass, and
in compliance with the provisions Of
Ordinance No. 3O2, and Ordinance
No.. 800, duly and legally passed by
the Council Of the day of October,
1921; and Ordinance No. 316, duly
and LEGALLY passed by the Council on
the oath day of May, 1922.
! And it is further declared and GER
titled that all acts, conditions and
things required to be done and to ex-
; list precedent to the issuance Of this
bond have been done and do exist in
regular and due form as required by
the constitution and laws of the State
of Kansas, and that the total bonded
Indebtedness of said city, including
this series of bonds, does not exceed
any constitutional or statutory limit
ations.
IN WITNESS WHEREOF, said
City of Liberal, Kansas, by its Mayor
and Council, has caused this bond
to be signed by its Mayor and attest
ed by its city clerk and it's corporate
seal to be affixed hereto, and this
bond is to be dated August 1, 1922.
w. v. GRIFFITH,
Mayor.
| Attest
L. L. HOLLAND, City Clerk.
| Section 5. The interest coupons
to be attached to said bonds shall be
substantially in the following form:
Interest Coupon
No...y........... $13.75
| One the first day of February,
1928, the City of Liberal, Kansas,
will pay to the bearer S13.75 at the
! Fiscal Agency of the State of Kan
sas, being six months interest on the
! improvement bond dated August 1,
1922.
W. v. GRIFFITH,
| Mayor.
Attest:
L. L. HOLLAND, City Clerk.
Section That the Mayor and
clerk are hereby authorized and d.
rected, without unnecessary delay, to
prepare and execute said bonds, as
in this ordinance provided, and that
when executed, said bonds shall be
registered by the City Clerk of the
City of Liberal, Kansas, and with the
Auditor of the State of Kansas, as
required by law, and shall be by the
Mayor of said city delivered to the
contractor constructing such improve
ments, provided, however, that said
bonds shall not be sold or delivered to
said contractor at less than their par
value nor in greater amount than
he whole amount due and owing him
under his contractor; or the Mayor
and Council may sell the bonds at not
less than thier par value, and out of
the proceeds thereof pay said con-
tractor the amount due him, and that
the Mayor and Council shall annually
make provision for the payment Of
the principal and interest on said
bonds, as they severally become due,
by levying an assessment and tax on
the property liable therefor.
Section 7. This ordinance shall
take effect and be in force from and
after its passage and publication in
the official city paper.
Passed by the Council October IL,
1922.
Approved by the Mayor October IL,
1922.
W. v. GRIFFITH,