ORDINANCE NO. 272
AN ORDINANCE AUTHORIZING THE ISSUANCE OF IMPROVEMENT BONDS OF THE CITY OF TROY IN THE SUM OF $22,000.00 FOR STREET IMPROVEMENT AND $3,000.00 FOR THE CONSTRUCTION OF A GENERAL DISPOSAL SEWER FOR THE CITY OF TROY, KANSAS.
NOW BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF TROY, KANSAS:
That in order to pay the cost of constructing a sewerage disposal system for the city of Troy, Kansas, and for the purpose of paving and otherwise improving streets in said city, it is necessary to issue the bonds of the city of Troy, Kansas, therefor, and that by the authority of the laws of the State of Kansas, there shall be issued the bonds of the city of Troy, Kansas, in the aggregate amount of $25,000.00 of the denomination, amount and maturing as follows:
| Number | Denomination | Amount | Maturity |
|---|---|---|---|
| 1 | $1,000 | $1,000 | May 1, 1931 |
| 2 | 1,000 | 1,000 | May 1, 1932 |
| 3 | 1,000 | 1,000 | May 1, 1933 |
| 4 | 1,000 | 1,000 | May 1, 1934 |
| 5 | 1,000 | 1,000 | May 1, 1935 |
| 6 | 1,000 | 1,000 | May 1, 1936 |
| 7 | 1,000 | 1,000 | May 1, 1937 |
| 8 | 1,000 | 1,000 | May 1, 1938 |
| 9 | 1,000 | 1,000 | May 1, 1939 |
| 10 | 1,000 | 1,000 | May 1, 1940 |
| 11 | 1,000 | 1,000 | May 1, 1941 |
| 12 | 1,000 | 1,000 | May 1, 1942 |
| 13 | 1,000 | 1,000 | May 1, 1943 |
| 14 | 1,000 | 1,000 | May 1, 1944 |
| 15 | 1,000 | 1,000 | May 1, 1945 |
| 16 | 1,000 | 1,000 | May 1, 1946 |
| 17–19 | 1,000 | 3,000 | May 1, 1947 |
| 20–21 | 1,000 | 2,000 | May 1, 1948 |
| 22–23 | 1,000 | 2,000 | May 1, 1949 |
| 24–25 | 1,000 | 2,000 | May 1, 1950 |
All of said bonds shall be dated May 1, 1930, shall bear interest at the rate of 4½ per cent per annum, payable semi-annually, and interest to be evidenced by interest coupons attached thereto, and both principal and interest shall be payable at the office of the State Treasurer, in the City of Topeka, Kansas.
Section 2. Said bonds shall be signed by the Mayor and shall have the corporate seal of said city attached thereto, and shall be attested by the City Clerk, and the interest coupons shall be signed by the Mayor and City Clerk by their respective facsimile signatures upon said interest coupons.
Section 3. Each of said bonds and interest coupons and the certificate attached thereto shall be in substantially the following form:
United States of America
State of Kansas
County of Doniphan
CITY OF TROY
KNOW ALL MEN BY THESE PRESENTS, That the City of Troy, in the County of Doniphan, State of Kansas, acknowledges itself to be indebted and for value received hereby promises to pay to the bearer the sum of
ONE THOUSAND DOLLARS
in lawful money of the United States of America, on the first day of May, 19___ with interest thereon from the date hereof at the rate of four and one-half (4½) per cent per annum payable semi-annually on the first day of November and May in each year after the date hereof, until said principal sum shall have been paid, upon presentation and surrender of the interest coupons hereto attached bearing the facsimile signatures of the Mayor and City Clerk of said 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, at Topeka, Kansas, and the said City of Troy, Doniphan County, Kansas, is held and firmly bound by these presents and the full faith, credit and resources of said City are irrevocably pledged for the prompt payment of said principal and interest at maturity.
This bond is one of a series of Twenty-three bonds of like date, tenor and amount, excepting maturity, aggregating Twenty-five Thousand ($25,000.00) Dollars issued by the City of Troy, Doniphan County, Kansas, for the purpose of providing funds for the construction of a sewerage disposal system for the City of Troy and its inhabitants by authority of and in full compliance with the laws of the State of Kansas, including Chapter 10 and Chapter 22-621 of the Laws of Kansas, 1929, and all amendments thereto and in full compliance with the provisions, restrictions and limitations of the constitution and laws of the State of Kansas, and ordinances of said city proceeding duly and legally passed by the governing body of said city.
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 limitations.
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 the Mayor and its corporate seal to be hereto affixed, attested by the City Clerk, and the coupons attached hereto to be signed with the facsimile signatures of said officers, and this bond to be dated this first day of May, 1930.
Mayor
ATTEST:
City Clerk
Note: The scan appears to read “Twenty-three bonds” in the bond form, although the preceding page lists bond numbers through 25 and states an aggregate amount of $25,000. I have preserved what appears on this scanned page rather than silently correcting it.
Form of Coupon
No. _____
On the first day of November, 19___, the City of Troy, Doniphan County, Kansas, will pay bearer Twenty Two Dollars and Fifty Cents ($22.50) lawful money of the United States of America at the office of the State Treasurer, Topeka, Kansas, being six months interest on its Internal Improvement Bond, dated May 1, 1930, No. _____.
Attest: ____________________
City Clerk
Mayor
November _____
May _____
City of Troy
Doniphan County
Kansas
$22.50
State of Kansas, Doniphan County, ss.
I, the undersigned, City Clerk of the City of Troy, Doniphan County, 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 __________, 1930.
(SEAL)
City Clerk
State Auditor’s Certificate
State of Kansas, County of Shawnee, ss.
I, Will J. French, Auditor of the State of Kansas, do hereby certify that a transcript of the proceedings leading up to the issuance of this bond has been filed in my office and that this bond was registered in my office according to law on __________.
Witness my hand and official seal.
(SEAL)
Auditor of State
Section 4. The Mayor and City Clerk are hereby authorized and directed to prepare and execute the bonds hereinbefore described and when duly executed and registered, to deliver said bonds to The Shawnee Investment Company of Topeka, Kansas, the purchaser thereof, upon receipt of the purchase price.
Section 5. The full faith, credit and resources of the City of Troy, Kansas shall be, and the same are hereby irrevocably pledged for the prompt payment of said bonds and all interest thereon. The Mayor and Councilmen of the City of Troy, Kansas shall annually make provision for payment of said bonds and the interest thereon as same becomes due, by levying taxes and assessments upon the property liable therefor as provided by law.
Section 6. Any and all action previously taken inconsistent herewith is hereby repealed.
Section 7. This ordinance shall take effect and be in full force from and after it publication in the official city paper.
PASSED AND APPROVED this 7th day of May, 1930
(SEAL)
Roy V. VanBebber
Mayor
Attest: G. L. Hackney
City Clerk


