12-673. Same; bonds, terms.
12-673
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.