19-1561g. Same; no-fund warrants for certain expenditures; limitation; redemption.
19-1561g
19-1561g. Same; no-fund warrants for certain expenditures;limitation; redemption.In any county such as is described in K.S.A. 19-1561f,and which has let a contract for the construction of a building for 4-Hclub purposes, livestock shows and other agricultural or civicactivities and due to a lack of funds such contract does not includenecessary or desirable plumbing and heating fixtures, flooring ordesirable additions or veneer to the exterior walls, the board of countycommissioners may expend a sum not exceeding ten thousand dollars($10,000) for the purpose of providing such necessary or desirableplumbing and heating fixtures, flooring and additions or veneer to theexterior walls, and in order to provide funds for such purposes, theboard of county commissioners may issue no-fund warrants in an amountnot exceeding ten thousand dollars ($10,000). Such no-fund warrantsshall be in the form, issued, bear interest, be redeemed and any surplusexisting after such redemption shall be handled in the manner prescribedby K.S.A. 79-2940, or any amendmentsthereto, except such no-fund warrants shall not bear the notationrequired by said K.S.A. 79-2940 or be subject to the approval of thestate commission of revenue and taxation. At the first tax-levyingperiod after said no-fund warrants are issued, the board of countycommissioners shall make a tax levy on all the taxable tangible propertyof the county sufficient to redeem said warrants and pay the interestthereon. Such tax levy shall be in addition to all other tax leviesauthorized or limited by law and shall not be subject to any of thelimitations prescribed by K.S.A. 79-1947, or acts amendatory thereof.
History: L. 1953, ch. 147, § 2; April 7.