19-2838. Terms and maturity of bonds; tax levy; limitation.
19-2838
19-2838. Terms and maturity of bonds; tax levy; limitation.Such bonds shall in no event draw in excess of the maximum rate ofinterest prescribed by K.S.A. 10-1009 and shallmature within fifteen (15) years, but may be made to mature serially ofapproximate equal amounts each year after date, and the board of countycommissioners is authorized to levy a special park improvement tax toretire such bonds and interest as the same mature, and which tax levymay be in addition to all other levies now authorized by law:Provided, That in no case shall the cost of such project to thecounty exceed the sum of one hundred fifty dollars ($150) per acre areaof water surface as is disclosed by such maps, plans and specifications.
History: L. 1937, ch. 193, § 5; L. 1970, ch. 64, §62; March 21.