15-1127. Sewage disposal plants in certain cities; assessment of other taxing units; bonds and notes of other taxing units; terms.
15-1127
15-1127. Sewage disposal plants in certain cities; assessment of other
taxing units; bonds and notes of other taxing units; terms.
All assessments shall be levied by ordinance of the city and each other
taxing unit assessed shall be notified in writing of the amount assessed
against it. Then, such taxing subdivision
assessed shall have the power to issue its general obligation bonds in an
amount not exceeding the amount of its assessment and shall pay such assessment
to the city from the proceeds of the sale of such bonds within 90 days from
the publication of the assessment ordinance.
Such bonds shall mature in not more than 20 years from the date of issuance
and shall bear interest at a rate not exceeding the maximum rate prescribed
by K.S.A. 10-1009, and amendments thereto,
and shall be executed, issued, registered, sold and retired as provided
by the general bond law. If deemed necessary or proper each such taxing
subdivision may issue temporary improvement notes pursuant to K.S.A. 10-123,
and amendments thereto, to provide funds for paying its assessment
prior 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.