19-2106c. Use of proceeds of certain bonds issued for homes for aged in certain counties in conjunction with bonds hereafter issued or with sinking funds established to provide home for aged.
19-2106c
19-2106c. Use of proceeds of certain bonds issued for homes for
aged in certain counties in conjunction with bonds hereafter issued or
with sinking funds established to provide home for aged.
Whenever any county has prior to the effective date of this act issued
its general obligation bonds in the sum of sixty thousand dollars
($60,000) for the purpose of acquiring a site for and building and
equipping of a county home for the aged in accordance with the
provisions of K.S.A. 19-2106b; and the ballot on which the question of issuing
such bonds of the
county contained the proposition that funds derived from the sixty
thousand dollar ($60,000) bond issue were to be used with some thirty
thousand dollars ($30,000) then held in escrow for the purpose of
building a ninety thousand dollar ($90,000) home for the aged in the
county, said sum of thirty thousand dollars ($30,000) to be delivered to
the county when and if the bond election was approved by the voters of
such county; and the bond issue was approved at a special election by
the voters and was legal in all respects and thereafter bonds were
issued and bond and interest levies made, but the moneys held in escrow
were returned to the donor when construction of the home was not begun
in accordance with the grant; and where said sixty thousand dollars
($60,000) together with any interest is insufficient to build an
adequate home in such county, the board of county commissioners of such
county is hereby authorized to use the said sum of sixty thousand
dollars ($60,000) for the purposes for which the bonds were issued,
together with any interest or income therefrom, together with proceeds
from any bonds which may be subsequently issued by such county in
accordance with law; or may use such bond proceeds and income therefrom
in conjunction with any sinking funds which may be hereafter established
by the county for a home for the aged as provided by law, but such funds
shall be used, in any case, only for the purpose of acquiring a site for
and building and equipping a home for the aged in the county which has
heretofore issued the bonds.
History: L. 1963, ch. 177, § 1; June 30.