19-2770.   Same; issuance of improvement bonds; request for issuance ofgeneral obligation bonds of the county; payment of bonds.(a) Whenever the board of directors of any improvement district shallunder the authority vested in it by this act, cause any public work orimprovement to be made, payment for which is to be made by levy of specialassessments, it may in its discretion, instead of levying the entireassessment therefor at one time, provide for the payment of the same byinstallments and may issue improvement bonds of the district therefor. Prior to the issuance of any such improvements bonds, the board of directorsshall cause notice thereof to be published as provided in K.S.A. 19-2769. Such improvement bonds shall be issuedas provided by law, but no bonds shall be issued under the provision of this act untilthirty (30) days after the last day of the protest period as set out inK.S.A. 19-2769. During said thirty (30) days any person against whoseproperty any special assessment shall have been levied may pay the same infull and thereby discharge such property from the lien thereof. Any improvementbonds issued under the authority of this subsection shall be payable fromthe levy of special assessments against the property benefited and, if notso paid, by the levy of an ad valorem tax on all taxable tangible propertylocated within such improvement district, in an amount sufficient to paythe principal of and interest on such improvement bonds.

      (b)   In lieu of issuing improvement bonds of the district, the board ofdirectors may request the board of county commissioners of the county inwhich such improvement district is located to issue general obligation bondsof the county. If the board of county commissioners approves, it may issuegeneral obligation bonds of the county therefor, which shall be payablefrom the levy of special assessments against the property benefited and,if not so paid, by the levy of an ad valorem tax on all taxable tangibleproperty located within the county in an amount sufficient to pay the principalof and interest on such general obligation bonds.

      History:   L. 1945, ch. 180, § 18; L. 1974, ch. 122, § 16; L.1976, ch. 135, § 1; July 1.