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Jewell County Record
Mankato, Kansas
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October 6, 1966     Jewell County Record
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October 6, 1966
 

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PAGE 4C JEWELL COUNTY RECORD, MANKATO KANSAS THURSDAY Man.to E. H. U. The Mankato E. H. U. met with Mrs. Gerald Thompson. Nine members answered roll call with a sewing short cut. Mrs. Art Lichty, vice-president, open- ed the meeting with the reading of the club collect and fla~ salute. Mrs. Viola Bunch gave the Internation- al Report on Lillian Bishop's trip to Holland and the foods they ate over there. Our business for the meeting was Craft Day, Oct. 19. Following the business meeting Lucy Wiley gave the interesting lesson on Rheumatic Heart Disease and Congenital Heart De- fects. The;~ meeting was ad- journed and we were served refreshments. Our next meeting will be Oct. 18 with Viola Bunch. The roll will be a safety slogan. ,i (First Published in Jewell Co, Record, Thursday, Oct. 6, 1966) It ORDINANCE NO. 515 An Ordinance Authorizing The Construction Of A Main Sewer, Extending Its Pre- sently Existing Main Sewer, And Authorizing The Issu- ance Of General Obligation Bonds In The Sum Of $I0,000.00, Payable By The City At Large, To Provide Funds With Which To Pay The City's Share Of The Cost Thereof, Under Author- Ity Of Section 12-619 Of The 1965 Supplement To The Kansas Statutes Annotated. WHEREAS, in the judg- ment of the Governing Body of the City of Mankato, Jew- ell County, Kansas, it is deemed necessary and for the best interests of the City that its existing mare sewer be extended from intersec- tion East Street and Jeff- erson Street to serve John- son Addition; and, WHEREAS, preliminary plans and specifications therefor have been approved by the Governing Body and the cost thereof determined to be $18,050.00; and. WHEREAS, the City has been awarded a grant from the Federal Government to pay a portion of the cost of said sewer construction; and, WHEREAS, the City has no funds available for the payment of the City's share of the cost of constructing JEWELL COUNTY, KAN- SAS: Section 1. That to pay the cost of the main sewer from intersection East Street and Jefferson Street to serve Johnson Addition, in the City of Mankato, Jewell County, Kansas, there shall be issued General Obliga- tion Bonds (Sewer), Series 1966-3, in the sum of $10,000.00, which said issue shall consist of 10 bonds, numbered from ,1 to 10, both inclusive, in the denomina- tion of $1000.00 each, be dated October 1, 1966, bear- ing interest at the rate of 4/o per annum - payable April l, 1968, and semi-an- nually thereafter on the first days of October and April of each year until said principal sum shall have been paid, and said bonds shall mature in the folh)wing amounts, upon the following dates, to- wit: Nos. Maturity Amount 1, 2 Oct. 1, 1968 $2,000.00 3, 4 Oct. 1, 19692,000.00 5, 6 Oct. 1, 19702,000.00 7, 8 Oct. 1, 19712,000.00 9, 10Oct. 1, 19722,000.00 Section 2. Said bonds and coupons shall contain recit- als, and be in the form and of the size as provided by the statutes of the State of Kansas. Section 3. That said bonds shall be signed by the May- or and attested by the Clerk of said City, and shall have the corporate seal affixed,' and the interest coupons i shall be signed with the fac- simile signatures of said SeptemISer, 1966. GAYLE A. CRISTMAN, Mayor of the City of Mankato, Jewell County, Kansas ATTEST: Finlay Munro, (Seal) City Clerk (First Published in Jewell Co. Record, Thursday, Oct. 6, 1966) It ORDINANCE NO. 514 An Ordinance Authorizing And Directing The Issuance ~Of Waterworks Plant And i System Revenue Bonds, Ser- ies 1966-2~ Of The City Of Mankato, " Jewell County, Kansas, In The Principal Sum Of $150,000.00, For The Purpose Of Providing Funds !To Pay The Cost Of Enlarg- ling, Extending And Improv- ing The Waterworks Plant And System Of The City Of Mankato, Jewell County, Kansas, Prescribing All Of The Details Of Said Bonds, Providing For The Collec- tion, Segregation And Dis- tribution Of The Income Of The Waterworks Plant And System Of Said City For The Purpose Of Paying The Cost Of The Operation, Mainte- nance And Improvement Thereof, Providing An Ade- quate Depreciation Fund Therefor, And For Paying The Principal Of And The Interest On Said Water- works Plant And System Revenue Bonds, Under The Authority Of K. S. A. Arti- cle 12 Of Chapter 10, And Amendments Thereto. WHEREAS, Pursuant to the provisions of K. S. A. Article 12 of Chapter 10, and amendments thereto, the Governing Body of the Mayor and City Clerk, and City of Mankato, Jewell both principal and interest County, Kansas, heretofore, shall be payable at the office on the 20th day of May, of the State Treasurer of the State of Kansas, in the City of Topeka, Kansas. Section 4. The Mayor and City Clerk are hereby au- thorized to prepare and exe- cute said bonds and cou- pons, and when so executed, said bonds shall be register- ed as required by law, and the Governing Body shall annually make provision for the payment of the principal and interest of said bonds as the same shall become due by levying a tax upon all the taxable property of said City. Section 5. That all ordi- provement, or against the issuance of such bonds; and, WHEREAS, Plans, speci- fications and estimates of the enlargement, extension and improvement aforesaid have been duly prepared and filed in the office of the City Clerk, and contracts have been let for the mak- ing of such enlargement, ex- tensi(m and improvement; and, WHEREAS, The actual cost of said enlargement, ex- tension and improvement does not exceed the sum of $150,000.00; and, WItEREAS, It is neces- sary at this time that said City of Mankato, Jewell County, Kansas proceed forthwith to issue, sell and deliver its Waterworks Plant and System Revenue Bonds, Series 1966-2, in the principal sum of $150,000.00, for the purpose of paying the, cost of making said en- largement, extension and im- provement; NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF MANKATO, JEWELL COUNTY, KAN- SAS: Section 1. That for the purpose of providing funds to pay the cost of enlarging, extending and improving the municipally owned Wa- terworks Plant and System of the City of Mankato, Je- well County, Kansas, by en- larging, extending and im- proving the water transmis- sion lines, constructing and installing water storage fa- cility, and doing all things necessary and incidental thereto, there shall be issu- ed. and hereby are issued, Waterworks Plant and Sy- corporate seal affixed, and the interest coupons shall be signed with the facsimile signatures of said Mayor and City Clerk, and said fac- simile signatures are hereby confirmed and ratified as interest shall be payable at the office of the State Trea- surer of the S~te of Kansas, in the City of Topeka, Kan- sas. Section 5. That said bonds are to be sold and the pro- ceeds therefrom to be used only to pay the cost of the enlargement, extension and improvement hereinbefore mentioned. Section 6. The Mayor and City Clerk are hereby au- thorized and directed to pre- pare and execute the bonds hereinbefore described, and when duly executed and re- gistered, to deliver said bonds to BEECROFT, COLE & COMPANY, 117 West 6th Street, Topeka, Kansas, the purchaser thereof, on pay- ment of the purchase price. Proceeds from the sale of said bonds, exclusive of any premium therefor or accrued interest thereon, shall be de- posited in a separate fund hereby created in the trea- sury of the City, to be known and hereinafter re- ferred to as the "Water- works Improvement Con- struction Fund" and shall be used by said City for the sole purpose of paying the cost of making improve- men, ts, extensions and en- largements to the Water- works Plant and System owned by the City as here- inbefore specified. With- drawals from said fund shall be made on duly authorized and executed warrant there- for accompanied by a certi- ficate executed by the City's engineer or consulting en- gineers that such payment 1965, caused to be published stem Revenue Bonds, Series in the official paper of said 1966-2, of the City of Man- City a notice of the inten- kato, Jewell County, Kan- tion of the City of Mankato, sas, in the total principal Kansas to make enlarge- sum of $150,000.00. merits, extensions and ira- Section 2. That said Wa- provements to the existing terworks Plant and System Waterworks Plant and Sys- Revenue Bonds, Series 1966- tern of said City, as follows 2, of the City of Mankato, enlarging, extending and Jewell County, Kansas, shall improving fhe water trans- consist of 150 bonds, num- is being made for a purpose mission lines, constructing bered from 1 to 150. both within the scope of this ordi- and installing water storage inclusive, all of said bonds facility, and doing all things being in the denomination of necessary and incidental $1000.00 each, all of said thereto, and to issue Water- bonds being dated October works Plant and System Re- 1, 1966, and said bonds be- venue Bonds, Series 1966-2, coming due serially as fol- of said City in the principal lows, to-wit: terest on the Waterworks Plant and System Revenue Bonds of the City issued against said Waterworks Plant and System, and any prior existing General Obli- gation and Revenue Bonds nances or parts of ordi- thi~ main sewer but has au- nances in conflict herewith thority under Section 12-619 are hereby repealed. the signatures of said offi- against said Waterworks cers. Said bonds shall be re- Plant and System, as provid- gistered by the Cit~, Clerk of ed by law. the City of Mankato, Jewell Section 9. There is hereby County, Kansas, and by the created in the treasury of Auditor of the State of Kan- [ the City a special fund to be sas, and both principal and lknown and hereinafter re- ferred to as the "Bond and Interest Account, Water- works Plant and amount of $150,000.00, for the purpose of paying the cost of said enlargement, of the 1965 Supplement to the Kansas Statutes Anno- tated to issue General Obli- gation Bonds to provide funds to pay the City's share ofthecostthereof. NOW, THEREFORE, BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF MANKATO. Section 6. That this ordi- extension and improvement; nance shall be in full force and. and take effect from and af- WHEREAS, Within fif- ter its publication in THE teen (15) days after the pub- JEWELL COUNTY RE- lication of the notice afore- CORD, the official City pa-]said, no protest was filed per, as provided by law. I with the City Clerk of the PASSED by the Govern- Cityof Mankato, Kansas, ing Body and approved by against such proposed en- the Mayor this 29 day of largement, extension and ira- OIAMONI)S ON MOON? AMERICAN SCIENTISTS SAY IT IS POSS. IBLE THAT THE MOON HO TREASURES . LDSGREAT EVER, THE COST GT 2-'N.L How. 9A OR EMS EITHE "~ mvON AND ~V.ANSPORTING THEM BAC WOULD BE ASTRONOMICA"~ TO EARTH your valuables safe p/ace could & sa'&f a bank-Our Bank-and pennies weekly. nance, and that the amount of such payment represents only the contract price or reasonable value of the pro- pevty, labor, materials, ser- vice or obligation being paid for. Any surplus not requir- Nos. Maturity Amt. 1 to 3 10-1-67 $3,000.00 4 to 6 10-1-683,000.00 7 to 9 10-i-693,000.00 10 to 1210-1-703,000.00 13 to 1610-1-714,000.00 17 to 2010-1-724,000.00 21 to 24 10-1-73 4,000.00 25 to 2810-1-744,000.00 29 to 3310-1-755,000.00 34 to 3810-1-765,000.00 39 to 43 10-1-77 5,000.00 44 m 48 10-1-785,000.00 49 to 5410-1-796,000.00 55 to 6010-1-806,000.00 61 to 6610-1-816,000.00 67 to 7310-1-827,000.00 74 to 8010-1-837,000.00 81 to 8710-1-847,000.00 88 to 9510-1-858,000.00 96 to 103 10-1-86 8,000.00 104 to 112 10-1-87 9,000.00 113 to 121 10-1-88 9,000.00 122 to 130 10-1-89 9,000.00 131 to 140 10-1-90 10,000.00 141 to 150 10-1-91 1O,000.00 in Mankato, Kansas FIRST BANK IN MANKATO DLDEST BANK IN JEWELL COUNTY The Bank on the Corner & the Corner-Stone of CONFIDENCE Member Kansas Development Credit Corp. Member FJ)J.C. Since 1933 ESTABLISHED 1888 II L~ L I I I $150,000.00 Bonds numbered 1 to 20, maturing October 1, 1967 to October 1, 1972, both inclu- sive, bearing interest at the rate of 4:V4% per annum; and bonds numbered 21 to f50, maturing October 1, 1973 to October 1, 1991, both inclusive, bearing in- terest at the rate of 5% per annum - payable April I, 1967, and semi-annually thereafter on the first days of October and April of each year until said principal sum shall have been paid. The City of Mankato, Je- well County, Kansas, re- serves the right and option to call and redeem any or all bonds numbered 39 to 150, maturing October 1, 1977 to October 1, 1991, both inclu- sive, in their inverse numer- ical order, on October 1, 1976, or on any interest pay- ment date thereafter, at pax and accrued interest to date plus a premium of one year's interest; provided, that no- tice of its intention to call and redeem said bonds is published in the official state paper at least thirty (30) days prior to the date on which said bonds are to be called. Such bonds so called shall cease to bear in- terest after the date fixed for the redemption thereof. Section 3. Said bonds and coupons shall contain reel- tals, and be in the form and of the size as provided by the statutes of the State of Kansas. Interest Account" at month- ly intervals, commencing October 1, 1966, and contin- uing hereafter as long as any of the bonds herein au- thorized remain out.,;[ar'd- ing, an equal pro rata 1)(.~r- tion of the amount required to pay interest on the bonds herein authorized on Octo- ber 1, 1966, and beginning on October I, 1966, an amount not less than one- sixth of the interest becom- ing due on the bonds on the next succeeding interest pay- ment date; and commencing October 1, 1966, and contin- uing thereafter as k;ng as any of the bonds herein au- thorized remain outstand- ing, an am'ount not less than one-twelfth of the principal amount of bonds becoming due on the next succeeding bond maturity date. All amounts paid and credit to said "Bond and Interest Ac- count" shall be expended and used by the City for the sole purpose of paying when due the principal of and in- terest on the bonds herein authorized. Section 10. There is here- by created in the treasury of the City a special fund to be known and hereinafter re- ferred to as the "Reserve for Bond and Interest, Water- works Plant and System Revenue Bonds" which fund shall be maintained so long as any of said bonds remain outstanding and unpaid, and ed to make said improve- the City covenants and ments, extensions and en- agrees that it will mairtaio largements, any premmm on said fund and will adminis- said bonds, and any amount ter the same in accordauce received by the City on ac- with all of the provisions count of accrued interest on contained in this ordinance. said bonds shall be deposit- subject to the prowsions of ed in a fund to be known as the statutes of the State of the Bond and Interest Sink- Kansas applicable thereto. ing Fund. The City, out of the "Water- Section 7. The $150,000.00 works Utility Fund" herein- principal amount of Water- before created, after paying works Plant and System the cost of operation and Revenue Bonds, Series 1966- maintenance of said Water- 2, of the City of Mankato, works Plant and System al- Kansas, herein authorized, locating the amounts to be are hereby made a lien on the revenues produced from the Waterworks Plant and System of said City, subject only to the lien of any prior Revenue Bonds or General Obligation Bonds previously issued against said Water- works Plant and System. Under the provisions of the laws of the State of Kansas, said outstanding Revenue Bonds or General Obligation Bonds and the interest there- on bare preference in pay- men,t out of the revenues derived by said City from the operation of its Water- works Plant and System pri- or to the payment of the $150,000.00 principal amount of Waterworks Plant and System Revenue Bonds, Ser- ies 1966-2, herein authoriz- ed. Section 8. So long as any of the Waterworks Plant and System Revenue Bonds, Series 1966-2, of the City of Mankato, Kansas, herein au- thorized, remain outstand- ing and unpaid, the City cov- enants and agrees that all of the revenues derived from the operation of the Waterworks Plaint and Sy- stem of said City, from and after October 1, 1966, in- cluding all revenues of all extensions and improve- inents to said Waterworks Plant and System hereafter constructed or acquired, will be paid and deposited in a fund to be known and here- inaf, ter referred to as the "Waterworks Utility Fund" and that said revenues will not be mingled with other funds of the City. Said "Wa- terworks Utility Fund" shall be used only for the purpos- es authorized by law, in- cluding paying the cost of operation, maintenance, al- teration, reconstruction, re- pair, improvement, exten- sion and enlargement of said Section 4. Said bonds shall I Waterworks Plant and Sy- be signed by the Mayor and [Sti, providing an adequate attested by the Clerkof depreciation fund and pay gaid City, and tll have me lag the pr a pal of and ir credited to the "Bond and Interest Account", and pro- viding for any other obliga- tions imposed by law, will immediately pay into said reserve fund the sum of $350.00, and will also pay in- to said reserve fund at monthly intervals, beginning on October 1, 1966, and con- tinuing on the first day of each succeeding month, an amount not less than $350.00, until said reserve fund containsthe sum of $25,000.00. All amounts paid System and deposited in said "Re- Upon payment of any principal of and interest on any of the bonds herein au- thorized from said reserve fund in such manner as to reduce the amount in said fund below $25,000.00, pay- ments in the amount of $350.00 shall be made from the "Waterworks Utility Fund" on the first of the month next thereafter and shall be made on the first of each succeeding month until such funds shall again con- tain the sum of $25,000.00. Section 11. Any moneys held in the "Waterworks Utility Fund may be invest- ed by the City in direct obli- gations of the United States Government or in general (,bligations of the City ma- turing within one year from date of purchase. Moneys held in the "Reserve for Bond and Interest, Water- works Plant and System .o,, Revenue Bonao may be in- vested by the City in direct obligations of the United States Government or in general obligations ot the City maturing within five years from date of purchase. In no event shall any invest- merit be made for any period longer than the time that the Governing Body of the City may estimate that mon- eys may be needed for the purpose of such funds or ac- counts. Section 12. That the City of Mankato, Jewell County, Kansas hereby agrees that it will. by appropriate enact- ment of its Governing Body, make provision for the pay- ment of said Waterworks Plant and System Revenue Bonds, and all i~erest there- on, by fixing rates, fees or charges for the use Of or service rendered by such Waterworks Plant and Sy- stem. which rates, fees or charges shall be sufficien,t to pay the cost of operation, ~mprovement, and mainte- nance of such utility, provide ap MANKATO, KANSAS Rev. Arther Page, Evangelist From Laddonia, Missouri Good Old Fashioned Gopsel Preaching SPECIAL MUSIC 7:30 p.m. Every Evening an adequate fund, and pay of and the bonds as the tively become d~ principal and prior existing General issued against as provided by Section 13. Mankato, K~ ~s the right, if it ! desirable to the Waterwork~ System herein ject to redem coming due, visions of any available. Said REV. JAMES MILLsTEAD, Pastor Everyone Is Invited To :Attend part thereof ed, and the so issued shall plete eq ality with any of th~ ed hereunder refunded, if any provided, howe~ only a portion of then outstanding ed, and if said b0 funded in such the interest rate funding bonds iS or if the refu mature at a r~ eatrllier than any not refunded, bonds may be by and with all of the bonds herein refunded. Section 14. The of this o~ stitute a the City of sas, and Waterworks stem Revenue City, dated and the holder more of said suit, action, junction or ings, either at ty, enforce or formance of all obligations ordinance to be formed by said contained in however, shall as imposing any duty or levy any meet any tained herein principal of or the Waterworl System said City her Section 15. shall take be in full force ter its the official of Mankato PASSED Body and Mayor this 29 tember, 1966. GAYLE A. Mayor of of Count ATTEST: City D