13-1257. Revenue bonds for water and electricity in certain cities; terms; limitation.
13-1257
13-1257. Revenue bonds for water and electricity in certain cities;
terms; limitation.
Revenue bonds issued under the terms of this act shall mature not more than
forty years after the
date of their issuance. Said bonds shall be sold in such manner as the city
determines and shall bear interest at a rate not to
exceed the maximum rate of interest prescribed by K.S.A. 10-1009,
payable in the manner determined by the city. The total amount of bonds which may be
issued under the terms of this act shall not exceed the cost of the
project.
History: L. 1941, ch. 142, § 6; L. 1951, ch. 156, § 3; L.
1970, ch. 64, § 26; L. 1978, ch. 99, § 16; L. 1980, ch. 72, § 13; April 14.