19-3533.   Issuance of no-fund warrants; tax levies; limitationsinapplicable.In order to provide such funds as may be necessary to pay preliminaryengineering, financial and legal services to determine the advisabilityof proceeding with the acquisition or construction of a water supplysystem or to pay the expenses of the district during the acquisition orconstruction of such system, the board may issue no-fund warrants inlike manner as other warrants which shall bear interest at a rate of notmore than the maximum rate of interest prescribed by K.S.A.10-1009. Said warrants shall be recorded by the countyclerk and shall be redeemed as provided in article 8 of chapter 10 ofthe Kansas Statutes Annotated and any amendments thereto. Such board ishereby authorized and empowered to expend all moneys raised by no-fundwarrants issued under the provisions of this section although it has notadopted a budget for the period during which such expenditures are made.At the first tax levying period after the issuance of any such warrants,the county clerk shall determine the rate of tax necessary to be leviedon all the taxable tangible property in the district to redeem saidwarrants and to pay the interest thereon. Upon the determination of suchrate of tax, said county clerk shall certify same to the board of countycommissioners and said board of county commissioners shall levy such taxon all the taxable tangible property in such district. Upon thecollection of such tax the county treasurer shall use the proceedsthereof to pay such warrants and the interest due thereon. The taxlevies herein authorized shall be in addition to all other tax leviesauthorized or limited by law.

      History:   L. 1961, ch. 473, § 12; L. 1970, ch. 64, §68; March 21.