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12-673. Same; bonds, terms. Said cities shall have the power to issue bonds to pay for any lands acquired, and the wharves and improvements constructed thereon, when authorized by a vote of the people at a general election or any special election held for that purpose, and said bonds to be serial bonds over a period not to exceed thirty (30) years, and to bear interest not to exceed the maximum rate of interest prescribed by K.S.A. 10-1009. Bonds issued in pursuance of this act shall never exceed one percent (1%) of the assessed valuation of said city.

History: L. 1929, ch. 115, § 2; L. 1970, ch. 64, § 9; L. 1978, ch. 99, § 10; April 25.

Cross References to Related Sections:

Supplemental act, cities of over 115,000 population, see 13-1238 through 13-1245.

CASE ANNOTATIONS

1. Cited in holding Kansas City wharf-improvement act valid. State, ex rel., v. Kansas City, 140 Kan. 471, 472, 37 P.2d 18.

2. Bonds held lawfully authorized; revenue bonds may be issued under K.S.A. 13-1238 et seq. Robertson v. Kansas City, 143 Kan. 726, 730, 731, 56 P.2d 1032.

3. Lease of part of Kansas City levee construed and held valid. State, ex rel., v. McCombs, 156 Kan. 391, 392, 133 P.2d 134.


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