PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 12.--PUBLIC UTILITIES
13-1239.Same; definition; recitals; negotiability.
Revenue bonds, as the term is used in this act, are defined to be bonds
issued by any such city in this state to be paid exclusively from the
revenue produced by the property and facilities improved, constructed,
reconstructed, repaired or otherwise improved by the use of the proceeds of
said bonds. Such revenue bonds shall not be general obligations of the
city, and shall not contain the recitals set forth in K.S.A. 10-112 and any
amendments thereof. Such revenue bonds shall, however, contain the
following recitals, viz.: such bonds shall recite the authority under which
said revenue bonds are issued, and that they are issued in conformity with
the provisions, restrictions and limitations thereof, and that such bonds
and the interest thereon are to be paid from the money and revenue received
from the fees charged and rental received for the use of the property and
facilities improved, constructed, reconstructed, repaired or otherwise
improved by the proceeds, in whole or in part, of such revenue bonds when
issued and sold.
Said revenue bonds shall recite, also, that the same have been
registered in the office of the city clerk of said city, and in the office
of the auditor of the state of Kansas, and when said bonds have been duly
registered as herein provided, shall import absolute verity, and shall be
conclusive as to said recitals, in favor of all persons purchasing said
bonds, and that all proceedings and conditions precedent have been had and
performed to authorize the issuance of said bonds, and said bonds shall be
negotiable.
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 12.--PUBLIC UTILITIES
13-1239.Same; definition; recitals; negotiability.
Revenue bonds, as the term is used in this act, are defined to be bonds
issued by any such city in this state to be paid exclusively from the
revenue produced by the property and facilities improved, constructed,
reconstructed, repaired or otherwise improved by the use of the proceeds of
said bonds. Such revenue bonds shall not be general obligations of the
city, and shall not contain the recitals set forth in K.S.A. 10-112 and any
amendments thereof. Such revenue bonds shall, however, contain the
following recitals, viz.: such bonds shall recite the authority under which
said revenue bonds are issued, and that they are issued in conformity with
the provisions, restrictions and limitations thereof, and that such bonds
and the interest thereon are to be paid from the money and revenue received
from the fees charged and rental received for the use of the property and
facilities improved, constructed, reconstructed, repaired or otherwise
improved by the proceeds, in whole or in part, of such revenue bonds when
issued and sold.
Said revenue bonds shall recite, also, that the same have been
registered in the office of the city clerk of said city, and in the office
of the auditor of the state of Kansas, and when said bonds have been duly
registered as herein provided, shall import absolute verity, and shall be
conclusive as to said recitals, in favor of all persons purchasing said
bonds, and that all proceedings and conditions precedent have been had and
performed to authorize the issuance of said bonds, and said bonds shall be
negotiable.
PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS
Article 12.--PUBLIC UTILITIES
13-1239.Same; definition; recitals; negotiability.
Revenue bonds, as the term is used in this act, are defined to be bonds
issued by any such city in this state to be paid exclusively from the
revenue produced by the property and facilities improved, constructed,
reconstructed, repaired or otherwise improved by the use of the proceeds of
said bonds. Such revenue bonds shall not be general obligations of the
city, and shall not contain the recitals set forth in K.S.A. 10-112 and any
amendments thereof. Such revenue bonds shall, however, contain the
following recitals, viz.: such bonds shall recite the authority under which
said revenue bonds are issued, and that they are issued in conformity with
the provisions, restrictions and limitations thereof, and that such bonds
and the interest thereon are to be paid from the money and revenue received
from the fees charged and rental received for the use of the property and
facilities improved, constructed, reconstructed, repaired or otherwise
improved by the proceeds, in whole or in part, of such revenue bonds when
issued and sold.
Said revenue bonds shall recite, also, that the same have been
registered in the office of the city clerk of said city, and in the office
of the auditor of the state of Kansas, and when said bonds have been duly
registered as herein provided, shall import absolute verity, and shall be
conclusive as to said recitals, in favor of all persons purchasing said
bonds, and that all proceedings and conditions precedent have been had and
performed to authorize the issuance of said bonds, and said bonds shall be
negotiable.
