10-1202.Issuance, when; revenues; additional bonds; revenue bonds
to construct electric generation facilities in certain first-class
cities joining with privately owned utility; contracts or agreements;
source of bond payment.
(a) Any municipality authorized by the laws of the state of Kansas to
issue general obligation bonds for the acquisition, construction,
reconstruction, alteration, repair, improvement, extension or
enlargement of any utility is hereby empowered to issue and sell revenue
bonds in payment of the cost of such utility or improvements, to fix by
ordinance or resolution such rates, fees and charges for the use thereof
or services therefrom as may be reasonable and necessary and to provide
for the manner of collecting and disbursing such revenues subject to the
limitations hereinafter contained. If any city of the first class shall
have issued temporary notes for waterworks improvements contemplating
the issuance of general obligation bonds, said general obligation bonds
having been authorized by the vote of a majority of the qualified
electors of such city voting on the proposition at an election called
and held for that purpose, such city may fund such temporary notes by
the issuance of revenue bonds under the terms of this act without again
submitting any proposition to the electors of such city. Any city which
has issued revenue bonds under the terms of this act may thereafter
issue additional revenue bonds for improvements, enlargements,
extensions or additions to any utility system and provide that, on such
conditions as may be specified by the governing body of the city, such
later bonds shall be on a parity as to the revenues of such utility and
in all other respects with revenue bonds previously issued against such
utility under the terms of this act.
(b) Any city of the first class owning and operating a municipal
electric utility, which is located in a county having a population of
more than twenty thousand (20,000) and not more than thirty thousand
(30,000) and an assessed tangible valuation of more than one hundred
thirty-five million dollars ($135,000,000), is hereby authorized to join
with any privately owned electric utility in the construction of an
additional electric generating facility and to issue revenue bonds under
the authority of this section and the act of which this section is
amendatory to pay the city's share of the cost thereof. Such city is
hereby authorized to enter into any contracts or agreements with such
private electric utility which are necessary for the construction of
such generating facility and for the purchase by the city of electric
energy produced by such facility. The principal of, and the interest
upon, all revenue bonds issued under the authority of this subsection
shall be paid from available revenues derived from the operation of the
city's municipal electric utility and available revenues derived from
the operation of such additional electric generating facility.
History: L. 1947, ch. 107, § 2; L. 1949, ch. 117, § 1; L. 1955,
ch. 75, § 1; L. 1957, ch. 82, § 1; L. 1965, ch. 87, § 1; L. 1978,
ch. 53, § 5; April 28.
10-1202.Issuance, when; revenues; additional bonds; revenue bonds
to construct electric generation facilities in certain first-class
cities joining with privately owned utility; contracts or agreements;
source of bond payment.
(a) Any municipality authorized by the laws of the state of Kansas to
issue general obligation bonds for the acquisition, construction,
reconstruction, alteration, repair, improvement, extension or
enlargement of any utility is hereby empowered to issue and sell revenue
bonds in payment of the cost of such utility or improvements, to fix by
ordinance or resolution such rates, fees and charges for the use thereof
or services therefrom as may be reasonable and necessary and to provide
for the manner of collecting and disbursing such revenues subject to the
limitations hereinafter contained. If any city of the first class shall
have issued temporary notes for waterworks improvements contemplating
the issuance of general obligation bonds, said general obligation bonds
having been authorized by the vote of a majority of the qualified
electors of such city voting on the proposition at an election called
and held for that purpose, such city may fund such temporary notes by
the issuance of revenue bonds under the terms of this act without again
submitting any proposition to the electors of such city. Any city which
has issued revenue bonds under the terms of this act may thereafter
issue additional revenue bonds for improvements, enlargements,
extensions or additions to any utility system and provide that, on such
conditions as may be specified by the governing body of the city, such
later bonds shall be on a parity as to the revenues of such utility and
in all other respects with revenue bonds previously issued against such
utility under the terms of this act.
(b) Any city of the first class owning and operating a municipal
electric utility, which is located in a county having a population of
more than twenty thousand (20,000) and not more than thirty thousand
(30,000) and an assessed tangible valuation of more than one hundred
thirty-five million dollars ($135,000,000), is hereby authorized to join
with any privately owned electric utility in the construction of an
additional electric generating facility and to issue revenue bonds under
the authority of this section and the act of which this section is
amendatory to pay the city's share of the cost thereof. Such city is
hereby authorized to enter into any contracts or agreements with such
private electric utility which are necessary for the construction of
such generating facility and for the purchase by the city of electric
energy produced by such facility. The principal of, and the interest
upon, all revenue bonds issued under the authority of this subsection
shall be paid from available revenues derived from the operation of the
city's municipal electric utility and available revenues derived from
the operation of such additional electric generating facility.
History: L. 1947, ch. 107, § 2; L. 1949, ch. 117, § 1; L. 1955,
ch. 75, § 1; L. 1957, ch. 82, § 1; L. 1965, ch. 87, § 1; L. 1978,
ch. 53, § 5; April 28.
10-1202.Issuance, when; revenues; additional bonds; revenue bonds
to construct electric generation facilities in certain first-class
cities joining with privately owned utility; contracts or agreements;
source of bond payment.
(a) Any municipality authorized by the laws of the state of Kansas to
issue general obligation bonds for the acquisition, construction,
reconstruction, alteration, repair, improvement, extension or
enlargement of any utility is hereby empowered to issue and sell revenue
bonds in payment of the cost of such utility or improvements, to fix by
ordinance or resolution such rates, fees and charges for the use thereof
or services therefrom as may be reasonable and necessary and to provide
for the manner of collecting and disbursing such revenues subject to the
limitations hereinafter contained. If any city of the first class shall
have issued temporary notes for waterworks improvements contemplating
the issuance of general obligation bonds, said general obligation bonds
having been authorized by the vote of a majority of the qualified
electors of such city voting on the proposition at an election called
and held for that purpose, such city may fund such temporary notes by
the issuance of revenue bonds under the terms of this act without again
submitting any proposition to the electors of such city. Any city which
has issued revenue bonds under the terms of this act may thereafter
issue additional revenue bonds for improvements, enlargements,
extensions or additions to any utility system and provide that, on such
conditions as may be specified by the governing body of the city, such
later bonds shall be on a parity as to the revenues of such utility and
in all other respects with revenue bonds previously issued against such
utility under the terms of this act.
(b) Any city of the first class owning and operating a municipal
electric utility, which is located in a county having a population of
more than twenty thousand (20,000) and not more than thirty thousand
(30,000) and an assessed tangible valuation of more than one hundred
thirty-five million dollars ($135,000,000), is hereby authorized to join
with any privately owned electric utility in the construction of an
additional electric generating facility and to issue revenue bonds under
the authority of this section and the act of which this section is
amendatory to pay the city's share of the cost thereof. Such city is
hereby authorized to enter into any contracts or agreements with such
private electric utility which are necessary for the construction of
such generating facility and for the purchase by the city of electric
energy produced by such facility. The principal of, and the interest
upon, all revenue bonds issued under the authority of this subsection
shall be paid from available revenues derived from the operation of the
city's municipal electric utility and available revenues derived from
the operation of such additional electric generating facility.
History: L. 1947, ch. 107, § 2; L. 1949, ch. 117, § 1; L. 1955,
ch. 75, § 1; L. 1957, ch. 82, § 1; L. 1965, ch. 87, § 1; L. 1978,
ch. 53, § 5; April 28.