12-673.   Same; bonds, terms.Said cities shall have the power to issue bonds to pay for any landsacquired, and the wharves and improvements constructed thereon, whenauthorized by a vote of the people at a general election or any specialelection held for that purpose, and said bonds to be serial bonds over aperiod not to exceed thirty (30) years, and to bear interest not toexceed the maximum rate of interest prescribed by K.S.A. 10-1009. Bondsissued in pursuance of this act shallnever 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.