19-2845. Division of cost; bonds; petition; election; tax levy.
19-2845
19-2845. Division of cost; bonds; petition; election; tax levy.
The boards of county commissioners of such counties shall agree upon the
division of the cost of the establishment and improvement of such joint
park and recreational grounds which is to be paid by each county. For
the purpose of carrying out the provisions of this act, the board of
county commissioners may issue and sell the bonds of the county, in an
amount not exceeding one-tenth of one percent of the total amount of
assessed valuation of such county for the fiscal year next preceding the
issuance of such bonds and such bonds may be issued and sold without the
necessity of an election unless a petition in opposition to the issuance
of such bonds without an election signed by not less than twenty percent
(20%) of the qualified electors in any such county shall be filed with
the county clerk of the county within thirty (30) days following the
passage of a resolution by the board of county commissioners declaring
their intention to acquire title to lands for the purposes of park and
recreational grounds, in which event it shall be the duty of the board
of county commissioners of such county to submit the question of such
bond issue to the voters at the next general election.
Any bonds issued by such county under the provisions of this act
shall be serial bonds, payable in not less than ten (10) equal annual
installments nor more than thirty (30) equal annual
installments over a period of not to exceed thirty (30) years and
shall bear interest at a rate not to exceed the maximum rate of interest
prescribed by K.S.A. 10-1009 and the board of county
commissioners shall make a levy on all taxable property in such county
to pay the principal and interest on the said bonds as the same become
due and payable.
History: L. 1937, ch. 192, § 5; L. 1970, ch. 64, §
63; L. 1978, ch. 99, § 27; April 25.