Ordinance No. 644 – Issuance of General Obligation Bonds, Series 2023
(PUBLISHED IN THE ST. FRANCIS HERALD AND BIRD CITY TIMES ON FEBRUARY 16, 2023)
SUMMARY OF ORDINANCE NO. 644
On January 23, 2023, the governing body of the City of St. Francis, Kansas passed an ordinance entitled:
AN ORDINANCE AUTHORIZING AND PROVIDING FOR THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES 2023, OF THE CITY OF ST. FRANCIS, KANSAS; PROVIDING FOR THE LEVY AND COLLECTION OF AN ANNUAL TAX FOR THE PURPOSE OF PAYING THE PRINCIPAL OF AND INTEREST ON SAID BONDS AS THEY BECOME DUE; AUTHORIZING CERTAIN OTHER DOCUMENTS AND ACTIONS IN CONNECTION THEREWITH; AND MAKING CERTAIN COVENANTS WITH RESPECT THERETO.
The Series 2023 Bonds approved by the Ordinance are being issued in the principal amount set forth therein to finance certain improvements in the City, and constitute general obligations of the City payable as to both principal and interest, to the extent necessary, from ad valorem taxes which may be levied without limitation as to rate or amount upon all the taxable tangible property, real and personal, within the territorial limits of the City. A complete text of the Ordinance may be obtained or viewed free of charge at the office of the City Clerk, 209 East Washington, St. Francis, Kansas 67756. A reproduction of the Ordinance is available for not less than 7 days following the publication date of this Summary at www.stfranciskansas.com.
This Summary is hereby certified to be legally accurate and sufficient pursuant to the laws of the State of Kansas.
* Full Ordinance is Attached