19-15,101.   Same; costs; no-fund warrants authorized; limitations;tax levies.To pay for the improvements or demolition authorized by this act, theboard of county commissioners of such counties may issue no-fundwarrants and the provisions of K.S.A. 79-2940, and amendments thereto, shallapply in issuing said warrantsexcept that the notation required in said section shall be: "Issuedpursuant to authority of law" (followed by the citation of this act).The board shall use the proceeds of such no-fund warrants to pay allcosts of the aforesaid improvement or demolition. The total of suchwarrants issued shall not exceed five hundred thousand dollars($500,000), and the principal and the interest thereon may be payable inapproximate equal installments over a period of not to exceed five (5)years from the date following their issuance. The said board shall makea levy at the first tax levying period after such warrants are issued,and each year thereafter, sufficient to pay such warrants and theinterest thereon, until all warrants and interest have been paid infull.

      History:   L. 1961, ch. 162, § 3; June 30.