19-2637.   Same; issuance of bonds to replace funds;terms and denomination of bonds; limitations inapplicable.The bonds herein authorized shall be issued and sold in the manner asprovided by the law of other similar bonds except as in this actotherwise provided; shall be issued in such denominations of fiftydollars ($50) or more as may be determined by the board of countycommissioners of said county, shall bear interest not to exceed themaximum rate of interest prescribed by K.S.A. 10-1009; shall run for notless than one or more than fifteen (15) yearsfrom the date of issue thereof; shall mature serially in annualinstallments of approximately equal amounts: Provided, however,That the earlier installments may be reduced and the later installmentsincreased so that the amount required to pay principal and interestduring the period covered by the maturity of such bonds will be inapproximately the same amount each year: Provided further, That thestatutory limitation of the debt of said county shall not apply to suchbond issue.

      History:   L. 1937, ch. 201, § 3; L. 1970, ch. 64, §51; March 21.