Journal-World classified (published 01/30/2013)

(Published in The Mirror,
Wednesday, January 23,
2013)

SUMMARY OF ORDINANCE
NO. 1354

On January 14, 2013, the
governing body of the City
of Tonganoxie, Kansas
passed an ordinance entitled:

AN ORDINANCE AUTHORIZING AND PROVIDING FOR
THE ISSUANCE OF TAXABLE
GENERAL OBLIGATION REFUNDING BONDS, SERIES
2013A AND GENERAL OBLIGATION REFUNDING
BONDS, SERIES 2013B, OF
THE CITY OF TONGANOXIE,
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 2013A Bonds and
Series 2013B Bonds approved by the Ordinance
are being issued in the
principal amounts of
$1,760,000 and $6,335,000,
respectively, to refund previously issued general obligation bonds of the City
and prepay, retire and refund certain loans of the
City, which loans were used
previously finance certain
street, sewer and water improvements in the City.
The Series 2013A Bonds and
Series 2013B Bonds 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, 321 S. Delaware, P.O. Box 326, Tonganoxie, Kansas 66086. A
reproduction of the Ordinance is available for not
less than 7 days following
the publication date of this
Summary at
www.tonganoxie.org .
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