15-1127.   Sewage disposal plants in certain cities; assessment of othertaxing units; bonds and notes of other taxing units; terms. All assessments shall be levied by ordinance of the city and each othertaxing unit assessed shall be notified in writing of the amount assessedagainst it. Then, such taxing subdivisionassessed shall have the power to issue its general obligation bonds in anamount not exceeding the amount of its assessment and shall pay such assessmentto the city from the proceeds of the sale of such bonds within 90 days fromthe publication of the assessment ordinance.

      Such bonds shall mature in not more than 20 years from the date of issuanceand shall bear interest at a rate not exceeding the maximum rate prescribedby K.S.A. 10-1009, and amendments thereto,and shall be executed, issued, registered, sold and retired as providedby the general bond law. If deemed necessary or proper each such taxingsubdivision may issue temporary improvement notes pursuant to K.S.A. 10-123,and amendments thereto, to provide funds for paying its assessmentprior to the issuance of its bonds.

      History:   L. 1951, ch. 195, § 2; L. 1970, ch. 64, §45; L. 1978, ch. 99, § 22; L. 1983, ch. 49, § 68; May 12.