12-843. Same; bonds; election; limitation; use of surplus revenues.
12-843
12-843. Same; bonds; election; limitation; use of surplus revenues.
For any and all indebtedness, obligation or liability contracted for or
created for any of the purposes mentioned in K.S.A. 12-842, any such city,
acting under the provisions thereof, is hereby granted full power and
authority to issue bonds of the city to an amount equal to such
indebtedness, obligation, or liability; the power to create or incur such
indebtedness, obligation, or liability, and to issue bonds as herein
provided, being independent of and in addition to like and other powers
heretofore granted such cities; and such bonds may be sold as provided by
law, and the proceeds thereof used in the payment of such indebtedness,
obligation, or liability; such bonds shall not be used or sold except as
directed by the governing body of said city, and such bonds shall not be
issued to an aggregate amount exceeding fifteen percent of the assessed
value of such city as shown by the assessment last preceding the issuance
thereof: Provided, That no bonds shall be issued except upon a vote of
a majority of the qualified electors of such city: And provided
further, That any such city shall have full power and authority to use
any surplus arising from the proceeds of any such plant or plants for the
purpose of bettering, constructing or installing any such plant that such
city may have or may desire to acquire by construction or purchase.
History: R.S. 1923, § 12-843; Dec. 27.