10-1202.   Issuance, when; revenues; additional bonds; revenue bondsto construct electric generation facilities in certain first-classcities joining with privately owned utility; contracts or agreements;source of bond payment.(a) Any municipality authorized by the laws of the state of Kansas toissue general obligation bonds for the acquisition, construction,reconstruction, alteration, repair, improvement, extension orenlargement of any utility is hereby empowered to issue and sell revenuebonds in payment of the cost of such utility or improvements, to fix byordinance or resolution such rates, fees and charges for the use thereofor services therefrom as may be reasonable and necessary and to providefor the manner of collecting and disbursing such revenues subject to thelimitations hereinafter contained. If any city of the first class shallhave issued temporary notes for waterworks improvements contemplatingthe issuance of general obligation bonds, said general obligation bondshaving been authorized by the vote of a majority of the qualifiedelectors of such city voting on the proposition at an election calledand held for that purpose, such city may fund such temporary notes bythe issuance of revenue bonds under the terms of this act without againsubmitting any proposition to the electors of such city. Any city whichhas issued revenue bonds under the terms of this act may thereafterissue additional revenue bonds for improvements, enlargements,extensions or additions to any utility system and provide that, on suchconditions as may be specified by the governing body of the city, suchlater bonds shall be on a parity as to the revenues of such utility andin all other respects with revenue bonds previously issued against suchutility under the terms of this act.

      (b)   Any city of the first class owning and operating a municipalelectric utility, which is located in a county having a population ofmore than twenty thousand (20,000) and not more than thirty thousand(30,000) and an assessed tangible valuation of more than one hundredthirty-five million dollars ($135,000,000), is hereby authorized to joinwith any privately owned electric utility in the construction of anadditional electric generating facility and to issue revenue bonds underthe authority of this section and the act of which this section isamendatory to pay the city's share of the cost thereof. Such city ishereby authorized to enter into any contracts or agreements with suchprivate electric utility which are necessary for the construction ofsuch generating facility and for the purchase by the city of electricenergy produced by such facility. The principal of, and the interestupon, all revenue bonds issued under the authority of this subsectionshall be paid from available revenues derived from the operation of thecity's municipal electric utility and available revenues derived fromthe operation of such additional electric generating facility.

      History:   L. 1947, ch. 107, § 2; L. 1949, ch. 117, § 1; L. 1955,ch. 75, § 1; L. 1957, ch. 82, § 1; L. 1965, ch. 87, § 1; L. 1978,ch. 53, § 5; April 28.