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-H
club purposes, livestock shows and other agricultural or civic
activities and due to a lack of funds such contract does not include
necessary or desirable plumbing and heating fixtures, flooring or
desirable additions or veneer to the exterior walls, the board of county
commissioners may expend a sum not exceeding ten thousand dollars
($10,000) for the purpose of providing such necessary or desirable
plumbing and heating fixtures, flooring and additions or veneer to the
exterior walls, and in order to provide funds for such purposes, the
board of county commissioners may issue no-fund warrants in an amount
not exceeding ten thousand dollars ($10,000). Such no-fund warrants
shall be in the form, issued, bear interest, be redeemed and any surplus
existing after such redemption shall be handled in the manner prescribed
by K.S.A. 79-2940, or any amendments
thereto, except such no-fund warrants shall not bear the notation
required by said K.S.A. 79-2940 or be subject to the approval of the
state commission of revenue and taxation. At the first tax-levying
period after said no-fund warrants are issued, the board of county
commissioners shall make a tax levy on all the taxable tangible property
of the county sufficient to redeem said warrants and pay the interest
thereon. Such tax levy shall be in addition to all other tax levies
authorized or limited by law and shall not be subject to any of the
limitations prescribed by K.S.A. 79-1947, or acts amendatory thereof.
History: L. 1953, ch. 147, § 2; April 7.