19-2845.   Division of cost; bonds; petition; election; tax levy.The boards of county commissioners of such counties shall agree upon thedivision of the cost of the establishment and improvement of such jointpark and recreational grounds which is to be paid by each county. Forthe purpose of carrying out the provisions of this act, the board ofcounty commissioners may issue and sell the bonds of the county, in anamount not exceeding one-tenth of one percent of the total amount ofassessed valuation of such county for the fiscal year next preceding theissuance of such bonds and such bonds may be issued and sold without thenecessity of an election unless a petition in opposition to the issuanceof such bonds without an election signed by not less than twenty percent(20%) of the qualified electors in any such county shall be filed withthe county clerk of the county within thirty (30) days following thepassage of a resolution by the board of county commissioners declaringtheir intention to acquire title to lands for the purposes of park andrecreational grounds, in which event it shall be the duty of the boardof county commissioners of such county to submit the question of suchbond issue to the voters at the next general election.

      Any bonds issued by such county under the provisions of this actshall be serial bonds, payable in not less than ten (10) equal annualinstallments nor more than thirty (30) equal annualinstallments over a period of not to exceed thirty (30) years andshall bear interest at a rate not to exceed the maximum rate of interestprescribed by K.S.A. 10-1009 and the board of countycommissioners shall make a levy on all taxable property in such countyto pay the principal and interest on the said bonds as the same becomedue and payable.

      History:   L. 1937, ch. 192, § 5; L. 1970, ch. 64, §63; L. 1978, ch. 99, § 27; April 25.