10-132.   Used surplus proceeds of certain bond issues to purchasebonds.The governing body of any municipality, as defined in K.S.A. 10-101,which has heretofore voted or may hereafter vote bonds for any purpose, ishereby authorized and empowered to use any surplus portion of the proceedsof said bonds to purchase any of said bonds of such issue if such bonds maybe purchased at par or less. All bonds so purchased shall be immediatelycanceled and the governing body of the municipality shall notify the statetreasurer of such purchase and cancellation. Thereupon the state treasurershall make the proper entries in the records of the state treasurer'soffice to show such cancellation.

      History:   L. 1955, ch. 67, § 1; April 13.