15-915. Same; issuance of bonds; petition and election, when.
15-915
15-915. Same; issuance of bonds; petition and election, when.
Whenever an agreement is entered into pursuant to the provisions of K.S.A.
15-914 and for the purposes stated therein, the governing body of the participating
county shall issue and sell its general obligation bonds in an amount necessary
to pay the cost of construction and improvement of a swimming pool and related
facilities under the provisions of this act. Such bonds shall be issued,
registered, sold, delivered and retired in accordance with the provisions
of the general bond law. Any such governing body proposing to issue and
sell such bonds shall adopt a resolution stating the amount and purpose
thereof and shall give notice thereof. Such notice shall be published once
each week for two (2) consecutive weeks in the official county newspaper.
If, within sixty (60) days next following
the last publication of such notice, a petition protesting such bond issue
signed by not less than five percent (5%) of the qualified electors of such
county is presented to the county election officer, no such issuance and
sale of bonds shall be made unless the proposition to issue and sell such
bonds has been submitted to and approved by a majority of the qualified
electors of the county voting at an election called and held thereon. Such
election shall be noticed, called and held in the manner prescribed for the
noticing, calling and holding of elections under the general bond law.
Tax levies levied by any participating county for the purpose of paying
the principal and interest upon any bonds issued under the provisions of
this act may be reduced by an amount equal to the contributions made by
participating cities and school districts for such purpose under the provisions
of K.S.A. 15-914.
History: L. 1979, ch. 48, § 2; April 20.