13-1273.   Same; transfer of funds not authorized if general obligationbonds outstanding; exceptions.When any city, which has under the provisions of this act been transferringutility funds to funds used for governmental purposes in accordance withthe provisions of this act, issues general obligation bonds against itsutility or utilities as herein enumerated, then such city shall automaticallybe excluded from the benefits and provisions of this act as to such of itsutilities as have a bonded debt until such general obligation bonded indebtednessso created on its utility or utilities be paid, or provisions be made forthe retirement of the general obligation bonded indebtedness by depositsin its sinking funds as provided in K.S.A. 13-1270, and amendments thereto.

      History:   L. 1945, ch. 129, § 5; L. 1980, ch. 72, § 21; April 14.