15-720. Improvement or maintenance of certain streets; bonds; election.
15-720
15-720. Improvement or maintenance of certain streets; bonds; election.
Whenever the governing body of any city of the third class shall deem it
necessary to regrade, repave, reoil, remacadamize, resurface, repair, or
maintain any street or portion of any street which has been graded,
paved, oiled, macadamized, surfaced, repaired, or maintained under the
provisions of K.S.A. 12-602 or 12-665, and amendments thereto, the
governing body may cause such street or portion of a street to be
regraded, repaved, reoiled, remacadamized, resurfaced, repaired, or
maintained and the same may be ordered by resolution of the governing
body of the said city and shall be done at the expense of the city, and
the payment of the cost of such regrading, repaving, reoiling,
remacadamizing, resurfacing, repairing, and maintenance may be made by
the issuance of improvement bonds of the city.
Such bonds shall be made payable at such time as the governing body
shall provide by ordinance but none of such bonds shall run longer than
ten (10) years nor bear interest at a rate exceeding the
maximum rate of
interest prescribed by K.S.A. 10-1009, and the credit of the city shall
be pledged to the payment thereof. Before
any such bonds
shall be issued and the work commenced, the question of performing such
work and issuing such bonds shall be submitted to a vote of the electors
of the city.
A majority of the votes cast at the special election held for such
purpose or a majority of the votes cast on a proposal at any general
election when the question is submitted shall be considered sufficient
to approve the proceedings under this act. The said election may be
called by the governing body of the city at any time when it deems such
action advisable. The election shall be held in accordance with the
general laws of the state governing elections for a similar purpose.
All bonds issued under the provisions of this act shall be issued,
registered, sold, delivered and retired in accordance with the
provisions of the general bond law except as herein otherwise
specifically provided.
History: L. 1947, ch. 176, § 1; L. 1970, ch. 64, §
44; L. 1978, ch. 99, § 21; April 25.