12-3416.Port authorities; conditions of bonds; negotiability.
Bonds and other obligations authorized by this act shall be executed by
the chairperson and secretary of the port authority. Such bonds and other
obligations may be issued in one or more series, may
bear such date or dates, may mature at such time or times not exceeding
40 years from their date, may be in such denominations and in
such form, either coupon or registered, may carry such registration and
conversion privileges, may be executed in such manner, may be payable in
such medium of payment at such place or places, may be subject to such
terms of redemption with or without premium, and may bear such rate of
interest, and may contain such other terms and conditions not inconsistent
with this act, as may be provided by official resolution of the board of
directors of such port authority, notwithstanding the provisions of any
other statute affecting the issuance of municipal bonds.
Such bonds may be sold in such manner and at such price or prices,
not less than par plus accrued interest to date of delivery, as provided
in K.S.A. 12-3428, and amendments thereto. Bonds issued under this act are
declared to be negotiable instruments.
History: L. 1969, ch. 89, § 16; L. 1981, ch. 76, § 12;
L. 1987, ch. 75, § 12; July 1.
12-3416.Port authorities; conditions of bonds; negotiability.
Bonds and other obligations authorized by this act shall be executed by
the chairperson and secretary of the port authority. Such bonds and other
obligations may be issued in one or more series, may
bear such date or dates, may mature at such time or times not exceeding
40 years from their date, may be in such denominations and in
such form, either coupon or registered, may carry such registration and
conversion privileges, may be executed in such manner, may be payable in
such medium of payment at such place or places, may be subject to such
terms of redemption with or without premium, and may bear such rate of
interest, and may contain such other terms and conditions not inconsistent
with this act, as may be provided by official resolution of the board of
directors of such port authority, notwithstanding the provisions of any
other statute affecting the issuance of municipal bonds.
Such bonds may be sold in such manner and at such price or prices,
not less than par plus accrued interest to date of delivery, as provided
in K.S.A. 12-3428, and amendments thereto. Bonds issued under this act are
declared to be negotiable instruments.
History: L. 1969, ch. 89, § 16; L. 1981, ch. 76, § 12;
L. 1987, ch. 75, § 12; July 1.
12-3416.Port authorities; conditions of bonds; negotiability.
Bonds and other obligations authorized by this act shall be executed by
the chairperson and secretary of the port authority. Such bonds and other
obligations may be issued in one or more series, may
bear such date or dates, may mature at such time or times not exceeding
40 years from their date, may be in such denominations and in
such form, either coupon or registered, may carry such registration and
conversion privileges, may be executed in such manner, may be payable in
such medium of payment at such place or places, may be subject to such
terms of redemption with or without premium, and may bear such rate of
interest, and may contain such other terms and conditions not inconsistent
with this act, as may be provided by official resolution of the board of
directors of such port authority, notwithstanding the provisions of any
other statute affecting the issuance of municipal bonds.
Such bonds may be sold in such manner and at such price or prices,
not less than par plus accrued interest to date of delivery, as provided
in K.S.A. 12-3428, and amendments thereto. Bonds issued under this act are
declared to be negotiable instruments.
History: L. 1969, ch. 89, § 16; L. 1981, ch. 76, § 12;
L. 1987, ch. 75, § 12; July 1.