12-3415.Same; borrowing money; issuance of notes,
bonds and other evidence of indebtedness; approval required.
(a) For the purpose of paying all or any part of the cost of purchasing
or acquiring land
or interests therein, and the cost of purchasing, acquiring, constructing,
equipping, reconstructing, improving, repairing, enlarging, remodeling
and furnishing buildings, structures, plants, docks, wharves,
warehouses, piers, sidings and other water-port facilities, airport facilities,
terminal facilities, land transportation facilities, railroad facilities
or industrial-use facilities or any part thereof; including
additions, improvements, relocations, renovations, extensions and
modifications thereof (all of which as are included in a single project
are hereafter referred to in this act as "facility or facilities"), a
port authority created pursuant to this act, is authorized to borrow
money upon credit of the income and revenues to be derived from the
operation of such facilities, together with any other available income
and revenues from other revenue producing facilities of such port
authority, and to issue negotiable notes, bonds or other evidence of
indebtedness authorized under subsection (b) of K.S.A. 12-3406, and amendments
thereto, of such port authority in such
amount as the board of directors of the port authority shall deem
necessary for the purpose; and to provide for payment of such notes,
bonds or other evidence of indebtedness and
rights of holders thereof as herein provided.
(b) The port authority shall not issue bonds without first having received
approval, by resolution, of the governing body of the
cities or counties which comprise such port authority.
History: L. 1969, ch. 89, § 15; L. 1980, ch. 70, § 6; L. 1981,
ch. 76, § 11;
L. 1987, ch. 75, § 11;
L. 2003, ch. 28, § 2; Apr. 10.
12-3415.Same; borrowing money; issuance of notes,
bonds and other evidence of indebtedness; approval required.
(a) For the purpose of paying all or any part of the cost of purchasing
or acquiring land
or interests therein, and the cost of purchasing, acquiring, constructing,
equipping, reconstructing, improving, repairing, enlarging, remodeling
and furnishing buildings, structures, plants, docks, wharves,
warehouses, piers, sidings and other water-port facilities, airport facilities,
terminal facilities, land transportation facilities, railroad facilities
or industrial-use facilities or any part thereof; including
additions, improvements, relocations, renovations, extensions and
modifications thereof (all of which as are included in a single project
are hereafter referred to in this act as "facility or facilities"), a
port authority created pursuant to this act, is authorized to borrow
money upon credit of the income and revenues to be derived from the
operation of such facilities, together with any other available income
and revenues from other revenue producing facilities of such port
authority, and to issue negotiable notes, bonds or other evidence of
indebtedness authorized under subsection (b) of K.S.A. 12-3406, and amendments
thereto, of such port authority in such
amount as the board of directors of the port authority shall deem
necessary for the purpose; and to provide for payment of such notes,
bonds or other evidence of indebtedness and
rights of holders thereof as herein provided.
(b) The port authority shall not issue bonds without first having received
approval, by resolution, of the governing body of the
cities or counties which comprise such port authority.
History: L. 1969, ch. 89, § 15; L. 1980, ch. 70, § 6; L. 1981,
ch. 76, § 11;
L. 1987, ch. 75, § 11;
L. 2003, ch. 28, § 2; Apr. 10.
12-3415.Same; borrowing money; issuance of notes,
bonds and other evidence of indebtedness; approval required.
(a) For the purpose of paying all or any part of the cost of purchasing
or acquiring land
or interests therein, and the cost of purchasing, acquiring, constructing,
equipping, reconstructing, improving, repairing, enlarging, remodeling
and furnishing buildings, structures, plants, docks, wharves,
warehouses, piers, sidings and other water-port facilities, airport facilities,
terminal facilities, land transportation facilities, railroad facilities
or industrial-use facilities or any part thereof; including
additions, improvements, relocations, renovations, extensions and
modifications thereof (all of which as are included in a single project
are hereafter referred to in this act as "facility or facilities"), a
port authority created pursuant to this act, is authorized to borrow
money upon credit of the income and revenues to be derived from the
operation of such facilities, together with any other available income
and revenues from other revenue producing facilities of such port
authority, and to issue negotiable notes, bonds or other evidence of
indebtedness authorized under subsection (b) of K.S.A. 12-3406, and amendments
thereto, of such port authority in such
amount as the board of directors of the port authority shall deem
necessary for the purpose; and to provide for payment of such notes,
bonds or other evidence of indebtedness and
rights of holders thereof as herein provided.
(b) The port authority shall not issue bonds without first having received
approval, by resolution, of the governing body of the
cities or counties which comprise such port authority.
History: L. 1969, ch. 89, § 15; L. 1980, ch. 70, § 6; L. 1981,
ch. 76, § 11;
L. 1987, ch. 75, § 11;
L. 2003, ch. 28, § 2; Apr. 10.