ORDINANCE NO. 256
Handwritten notation: “Repealed 257 & 260”
AN ORDINANCE AUTHORIZING AND DIRECTING THE ISSUANCE OF INTERNAL IMPROVEMENTS BONDS BY THE CITY OF TROY, KANSAS, IN THE SUM OF $76,000.00 FOR THE PURPOSE OF PROVIDING FUNDS FOR THE CONSTRUCTION OF A SEWER SYSTEM AND SEWER DISPOSAL PLANT FOR THE SAID CITY OF TROY, KANSAS, AND ITS INHABITANTS.
WHEREAS, a resolution was duly passed by the governing body of the City of Troy, Kansas, on the 15th day of March, 1929, wherein it was resolved that a sewer system and out-fall sewer and disposal plant be installed in said City of Troy and that the governing body thereof take the necessary legal steps to carry out such project; and,
WHEREAS, on the 11th day of July, 1929, the State Board of Health of the State of Kansas, made an order compelling said City to install a sewage disposal plant for said City; and,
WHEREAS, pursuant to the passage of said resolution, said resolution was issued by the Mayor and the City Clerk, and was duly published in the manner prescribed by law.
NOW THEREFORE, Be it ordained by the Governing Body of the City of Troy, Kansas, as follows:
SECTION (1). That for the purpose of providing funds for a sewer system and sewer disposal plant for the City of Troy, Kansas and its inhabitants thereof, that there shall be issued and are hereby issued Internal Improvements bonds of the City of Troy, Kansas, in the total principal amount of $76,000.00 dollars.
SECTION (2). Said issue shall consist of 80 bonds numbered from 1 to 80, inclusive, 60 of said bonds being in the sum of $1,000.00 and 20 of said bonds being in the sum of $800.00 each. All of said shall be dated July 15th, 1929 and shall become due serially as follows: $1,000.00 on July 15th, 1930, $1,000.00 on July 15th, 1930 and $800.00 on July 15th, 1930, and $800.00 on July 15th, 1930, and three $1,000.00 bonds and one $800.00 bond due July 15th of each year thereafter for 19 years. Said bonds shall bear interest at the rate of four and one-half (4½) per cent per annum, payable semi-annually on July 15th and January 15th. Both principal and interest of said bonds shall be payable at the office of the State Treasurer of the State of Kansas in the City of Topeka, Kansas.
SECTION (3). Said bonds shall be signed by the Mayor and attested by the City Clerk of said City, and the corporate seal of the City shall be affixed to said bonds, and the interest coupons which shall be attached to said bonds shall be executed with the fac-simile signatures of said Mayor and City Clerk.
SECTION (4). Said bonds shall be executed in the form and shall contain recitals substantially as follows:
UNITED STATES OF AMERICA
STATE OF KANSAS
DONIPHAN COUNTY
CITY OF TROY
No. __________
INTERNAL IMPROVEMENT BOND
KNOW ALL MEN BY THESE PRESENTS, That the City of Troy, in the County of Doniphan, State of Kansas, for value received hereby acknowledges itself to be indebted and promises to pay to the bearer the sum of
$1,000.00 Dollars
in lawful money of the United States of America on the 15th day of July, 1930, with interest thereon from the date thereof at the rate of four and one-half (4½) per cent per annum, payable semi-annually on the 15th day of July and January in each year after the date thereof, until said principal sum shall have been paid, the first interest coupon however becoming due on January 15th, 1930, upon presentation and surrender of the interest coupons hereto attached, bearing the fac-simile signatures of the Mayor and City Clerk of the City, as said coupons severally become due, both principal and interest of this bond being payable at the office of the State Treasurer of the State of Kansas, in the City of Topeka, Kansas, and said City of Troy, Kansas, is, and and firmly bound by these presents, and the full faith and credit and resources of said City are hereby irrevocably pledged for the prompt payment of said principal and interest at maturity.
This bond is one of a series of 80 bonds of like date and tenor excepting denomination and maturity, aggregating the principal sum of $76,000.00 dollars issued by the City of Troy, Kansas, for the purpose of providing funds for constructing a sewer system and sewage disposal plant for the City of Troy, and its inhabitants by the authority of and in full compliance with the provisions, restrictions and limitations of the Constitution and laws of the State of Kansas, and this bond and all of the other bonds of said series, and all of the interest coupons thereon are to be paid by the City of Troy, Kansas.
And it is hereby declared and certified that all acts, conditions, and things required to be done or to exist precedent to and in the issuance of this bond have been properly done and performed and do exist in due and regular form and manner as required by the Constitution and laws of the State of Kansas, and that the total indebtedness of said City, including this series of bonds does not exceed any constitutional or statutory limitation.
IN WITNESS WHEREOF, the said City of Troy, in the State of Kansas, by its Mayor and Councilmen, has caused this bond to be signed by its Mayor and its corporate seal to be hereto affixed, attested by its City Clerk, and the coupons hereto attached to be signed with the facsimile signatures of said officers and this bond to be dated this 15th day of July, 1929.
(SEAL)
MAYOR __________________________
ATTEST: __________________________
CITY CLERK
COUPON
(1st coupon ______ months)
________________ Dollars per M
Thereafter
________________ Dollars per M
________________ Dollars on __________
No. __________ July __________
On the 15th day of January, 19____, the City of Troy, Kansas will pay to the bearer the sum of ______ Dollars at the office of the State Treasurer of the State of Kansas, in the City of Topeka, Kansas, being 6 months interest on its Internal Improvement Bond date ______ 192___.
MAYOR (Fac-simile) __________________
ATTEST: __________________
CITY CLERK (Fac-simile)
STATE OF KANSAS
DONIPHAN COUNTY, SS.:
I, the undersigned, the City Clerk of the City of Troy, Kansas, hereby certify that the within Internal Improvement Bond of the City of Troy, Kansas, has been duly registered in my office according to law.
WITNESS, My hand and official seal this ___ day of ________, 1929.
CITY CLERK
OFFICE OF THE AUDITOR OF THE STATE OF KANSAS
I, ____________________, Auditor of the State of Kansas, do hereby certify that a transcript of the proceedings leading up to the issuance of this bond was registered in my office according to law.
WITNESS, My hand and official seal.
AUDITOR OF STATE
SECTION (5). The Mayor and City Clerk of the City of Troy, Kansas, are hereby authorized and directed to prepare and execute the bonds hereinbefore described and to cause said bonds to be registered in the office of the City Clerk in the City of Troy, Kansas, and in the office of the State Auditor, and when duly executed and registered and rejected by the State Board of School Fund Commissioners, to deliver said bonds to the purchaser thereof, upon payment of the purchase price.
SECTION (6). The Mayor and Councilmen of the City of Troy, Kansas shall annually make provisions for the payment of the interest on said bonds and for the creation of a sinking fund to pay the principal of said bonds at their maturity by levying taxes upon all of the taxable property in said City at the same time as the levy of other taxes, which taxes shall be collected and paid to the City Treasurer as provided by law.
SECTION (7). This ordinance shall take effect and be in full force from and after its passage and approval and its publication once in the Kansas Chief, the official City Paper.
PASSED THIS 11TH DAY OF JULY, 1929.
APPROVED THIS 11TH DAY OF JULY, 1929.
(SEAL)
Roy V. VanBebber, Mayor
ATTEST: G. I. Hackney, City Clerk