12-1814.Sidewalks; terms of scrip or bonds; issuance and sale.
Any issue of sidewalk scrip or sidewalk bonds shall be issued to mature
in not more than four installments. The last installment shall be not more
than four years after the date of the scrip or bonds. Scrip and bonds shall bear
interest of not more than the maximum rate of interest prescribed by K.S.A.
10-1009, and amendments
thereto. Scrip and
bonds shall be general obligations of the city, and the city shall take
into account probable delinquencies in payment of assessments or
installments of assessments and make a general tax levy therefor or include
the amount in the city's general bond tax levy in order to pay the scrip on
bonds and interest when due, delinquent assessments notwithstanding, but
this levy by the city shall not affect the obligation of the property owner
to pay the assessment.
Bonds shall be in the general form of other bonds, and shall be
registered, sold and issued in the manner provided by the general bond law.
Scrip shall promise that the city will pay the bearer the stated
amount on a stated date with interest at a stated rate, or in stated
amounts, payable on stated dates interest coupons may be issued. The scrip
also shall state that the payment
of principal and interest shall be paid at the office of the city treasurer,
and that it is issued for sidewalk purposes, shall be dated, shall
be signed by the mayor and attested by the city clerk, shall have the seal
of the city attached thereto, shall be registered in the offices of the
city clerk and city treasurer, shall be disposed of at not less than par
and accrued interest by being turned over to the contractor or sold and the
proceeds used for the payment of the costs of the sidewalks. The sale of
scrip may be public or private, or without advertisement or bids. One issue
of bonds or scrip may be for assessments against one or more tracts of land
and may include or be only for the cost of intersection
sidewalks, sidewalks along city, state or federal property or in other
cases where the city at large must pay the cost. The issuance of bonds and
scrip shall be authorized by an ordinance for each issue.
History: L. 1941, ch. 103, § 14; L. 1970, ch. 64, §
16; L. 1983, ch. 49, § 51; May 12.
12-1814.Sidewalks; terms of scrip or bonds; issuance and sale.
Any issue of sidewalk scrip or sidewalk bonds shall be issued to mature
in not more than four installments. The last installment shall be not more
than four years after the date of the scrip or bonds. Scrip and bonds shall bear
interest of not more than the maximum rate of interest prescribed by K.S.A.
10-1009, and amendments
thereto. Scrip and
bonds shall be general obligations of the city, and the city shall take
into account probable delinquencies in payment of assessments or
installments of assessments and make a general tax levy therefor or include
the amount in the city's general bond tax levy in order to pay the scrip on
bonds and interest when due, delinquent assessments notwithstanding, but
this levy by the city shall not affect the obligation of the property owner
to pay the assessment.
Bonds shall be in the general form of other bonds, and shall be
registered, sold and issued in the manner provided by the general bond law.
Scrip shall promise that the city will pay the bearer the stated
amount on a stated date with interest at a stated rate, or in stated
amounts, payable on stated dates interest coupons may be issued. The scrip
also shall state that the payment
of principal and interest shall be paid at the office of the city treasurer,
and that it is issued for sidewalk purposes, shall be dated, shall
be signed by the mayor and attested by the city clerk, shall have the seal
of the city attached thereto, shall be registered in the offices of the
city clerk and city treasurer, shall be disposed of at not less than par
and accrued interest by being turned over to the contractor or sold and the
proceeds used for the payment of the costs of the sidewalks. The sale of
scrip may be public or private, or without advertisement or bids. One issue
of bonds or scrip may be for assessments against one or more tracts of land
and may include or be only for the cost of intersection
sidewalks, sidewalks along city, state or federal property or in other
cases where the city at large must pay the cost. The issuance of bonds and
scrip shall be authorized by an ordinance for each issue.
History: L. 1941, ch. 103, § 14; L. 1970, ch. 64, §
16; L. 1983, ch. 49, § 51; May 12.
12-1814.Sidewalks; terms of scrip or bonds; issuance and sale.
Any issue of sidewalk scrip or sidewalk bonds shall be issued to mature
in not more than four installments. The last installment shall be not more
than four years after the date of the scrip or bonds. Scrip and bonds shall bear
interest of not more than the maximum rate of interest prescribed by K.S.A.
10-1009, and amendments
thereto. Scrip and
bonds shall be general obligations of the city, and the city shall take
into account probable delinquencies in payment of assessments or
installments of assessments and make a general tax levy therefor or include
the amount in the city's general bond tax levy in order to pay the scrip on
bonds and interest when due, delinquent assessments notwithstanding, but
this levy by the city shall not affect the obligation of the property owner
to pay the assessment.
Bonds shall be in the general form of other bonds, and shall be
registered, sold and issued in the manner provided by the general bond law.
Scrip shall promise that the city will pay the bearer the stated
amount on a stated date with interest at a stated rate, or in stated
amounts, payable on stated dates interest coupons may be issued. The scrip
also shall state that the payment
of principal and interest shall be paid at the office of the city treasurer,
and that it is issued for sidewalk purposes, shall be dated, shall
be signed by the mayor and attested by the city clerk, shall have the seal
of the city attached thereto, shall be registered in the offices of the
city clerk and city treasurer, shall be disposed of at not less than par
and accrued interest by being turned over to the contractor or sold and the
proceeds used for the payment of the costs of the sidewalks. The sale of
scrip may be public or private, or without advertisement or bids. One issue
of bonds or scrip may be for assessments against one or more tracts of land
and may include or be only for the cost of intersection
sidewalks, sidewalks along city, state or federal property or in other
cases where the city at large must pay the cost. The issuance of bonds and
scrip shall be authorized by an ordinance for each issue.
History: L. 1941, ch. 103, § 14; L. 1970, ch. 64, §
16; L. 1983, ch. 49, § 51; May 12.