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 of
interest prescribed by K.S.A. 10-1009 and shall
mature within fifteen (15) years, but may be made to mature serially of
approximate equal amounts each year after date, and the board of county
commissioners is authorized to levy a special park improvement tax to
retire such bonds and interest as the same mature, and which tax levy
may be in addition to all other levies now authorized by law:
Provided, That in no case shall the cost of such project to the
county exceed the sum of one hundred fifty dollars ($150) per acre area
of water surface as is disclosed by such maps, plans and specifications.
History: L. 1937, ch. 193, § 5; L. 1970, ch. 64, §
62; March 21.