19-2635.   Funds lost by bank failure; powers of county commissioners;tax levy, use of proceeds; bonds.That in any county of this state which had funds in a depository bankwhich has failed and liquidation thereof completed, and the county hasnot fully recovered such loss but has continued to carry and is nowcarrying the amount of such loss as cash, the board of countycommissioners may either: (a) By resolution, charge off upon the recordsthe amount of such defunct bank balances where said moneys so lost havebeen restored in part, or in whole, by tax levies or otherwise, andshall be charged against the county general fund, or (b) by resolution,make a levy or levies to raise the necessary funds to restore the fundsso lost and to pay a portion of the principal and interest on bonds issuedunder the authority of K.S.A. 12-1774, and amendments thereto,by cities located in the county, or (c) by resolution, issue bonds ofsaid county to restoresuch lost funds in a sum not to exceed such loss.

      History:   L. 1937, ch. 201, § 1; L. 1979, ch. 52, § 112; July 1.