13-1241.   Same; maturity; tax levy not authorized.Revenue bonds issued under the provisions of this act shall mature to conformto the plan of liquidation and payment of the bonds and interest thereon. The dateof maturity of the bonds shall not be fixed for a longer periodof time than 40 years after the date of issuance. The bonds shall bear interestat a rate not to exceed the maximum rate ofinterest prescribed by K.S.A. 10-1009, andamendments thereto.Such city shall have no right or authority to levy taxes to pay theprincipal or interest of revenue bonds as defined herein and theprovisions of K.S.A. 10-113, and amendments thereto, shall not apply to this act.

      History:   L. 1933, ch. 43, § 4 (Special Session); L.1970, ch. 64, § 24; L. 1978, ch. 99, § 15; L. 1983, ch. 49, § 59; May 12.