12-1741. Issuance of revenue bonds by cities; lease-purchase agreements.
12-1741
12-1741. Issuance of revenue bonds by cities; lease-purchase agreements.
Subject to the provisions of K.S.A. 12-1744a and 12-1744b, and amendments
thereto, any city shall have power to issue revenue bonds, the proceeds of which
shall be used for the purpose of paying all or part of the cost of purchasing,
acquiring, constructing, reconstructing, improving, equipping, furnishing,
repairing, enlarging or remodeling facilities
for agricultural, commercial,
hospital, industrial, natural resources, recreational development and
manufacturing purposes. Any city shall also have
power to enter into leases or
lease-purchase agreements by ordinance with any person, firm or
corporation for the facilities. Except as otherwise provided in K.S.A. 12-1741a,
and amendments thereto, the facilities may be constructed within the city
or its environs without limitation as to distance, providing
the governing body of the city declares that the
facility, if in
being, would promote the welfare of the city.
History: L. 1961, ch. 81, § 2; L. 1969, ch. 85, § 2; L. 1977,
ch. 62, § 5; L. 1980, ch. 68, § 1; L. 1981, ch. 74, § 2; July 1.