12-863.   Same; revenue bonds; liens; recitals; negotiability; generalobligation bonds where combined water and sewage system.All bonds issued under the provisions of K.S.A. 12-862 shallbe revenue bonds and such bonds are hereby made a lien on the revenuesproduced from the water and sewage system, but shall not be generalobligations of the city and shall not contain the recital set forth inK.S.A. 10-112 and amendments thereto, but shall contain recitals statingthat they are issued in conformity with the provisions, restrictions andlimitations of this act, that such bonds and the interest thereon are to bepaid by the issuing city from the revenues derived from the rates andcharges herein mentioned and not from any other fund or source, that thesame have been registered in the office of the city clerk of the issuingcity and the auditor of the state of Kansas, respectively, and that saidbonds are negotiable. All such bonds, when registered and issued, as hereinprovided, shall import absolute verity and shall be conclusive in favor ofall persons purchasing such bonds that all proceedings and conditionsprecedent have been had and performed to authorize the issuance thereof andsuch bonds shall be negotiable and may be issued in addition to thestatutory limit of bonded indebtedness of the issuing city.

      Any city which has combined its water and sewage system under theprovisions of K.S.A. 12-857 may issue general obligation bonds for theimprovement of such system in the same manner and subject to the samelimitations as such city could issue if it had not combined the system.

      History:   L. 1953, ch. 72, § 8; L. 1974, ch. 60, § 2;July 1.