Article 27.--PUBLIC IMPROVEMENTS; IMPROVEMENT AND SERVICE DISTRICTS
19-2777.Same; terms of revenue bonds.
(a) Except as provided by subsection (b), any revenue bonds issued
under the provisions of K.S.A. 19-2776, and amendments
thereto, shall mature serially or otherwise. Such bonds shall mature
within a maximum period of
30 years from the date of
issuance and shall bear interest at a rate not to exceed the maximum
rate of interest prescribed by K.S.A. 10-1009, and amendments thereto.
(b) Any revenue bonds issued under the provisions of K.S.A. 19-2776, and
amendments thereto, and sold, pursuant to written agreement, to the government
of the United States of America or any bureau, department, instrumentality or
agency thereof, shall be issued to mature in not more than 40 years and shall
bear interest at a rate not to exceed the maximum rate prescribed by K.S.A.
10-1009, and amendments thereto, payable at such times fixed by the board of
directors of the improvement district issuing the same. The bonds shall
mature serially or otherwise, may be in coupon or registered form and
interchangeable, and shall have such other terms and provisions as the board of
directors of the improvement district provides by resolution or trust
agreement.
History: L. 1945, ch. 180, § 25; L. 1968, ch. 135,
§ 4; L. 1970, ch. 64, § 57;
L. 2001, ch. 48, § 1; April 5.
Article 27.--PUBLIC IMPROVEMENTS; IMPROVEMENT AND SERVICE DISTRICTS
19-2777.Same; terms of revenue bonds.
(a) Except as provided by subsection (b), any revenue bonds issued
under the provisions of K.S.A. 19-2776, and amendments
thereto, shall mature serially or otherwise. Such bonds shall mature
within a maximum period of
30 years from the date of
issuance and shall bear interest at a rate not to exceed the maximum
rate of interest prescribed by K.S.A. 10-1009, and amendments thereto.
(b) Any revenue bonds issued under the provisions of K.S.A. 19-2776, and
amendments thereto, and sold, pursuant to written agreement, to the government
of the United States of America or any bureau, department, instrumentality or
agency thereof, shall be issued to mature in not more than 40 years and shall
bear interest at a rate not to exceed the maximum rate prescribed by K.S.A.
10-1009, and amendments thereto, payable at such times fixed by the board of
directors of the improvement district issuing the same. The bonds shall
mature serially or otherwise, may be in coupon or registered form and
interchangeable, and shall have such other terms and provisions as the board of
directors of the improvement district provides by resolution or trust
agreement.
History: L. 1945, ch. 180, § 25; L. 1968, ch. 135,
§ 4; L. 1970, ch. 64, § 57;
L. 2001, ch. 48, § 1; April 5.
Article 27.--PUBLIC IMPROVEMENTS; IMPROVEMENT AND SERVICE DISTRICTS
19-2777.Same; terms of revenue bonds.
(a) Except as provided by subsection (b), any revenue bonds issued
under the provisions of K.S.A. 19-2776, and amendments
thereto, shall mature serially or otherwise. Such bonds shall mature
within a maximum period of
30 years from the date of
issuance and shall bear interest at a rate not to exceed the maximum
rate of interest prescribed by K.S.A. 10-1009, and amendments thereto.
(b) Any revenue bonds issued under the provisions of K.S.A. 19-2776, and
amendments thereto, and sold, pursuant to written agreement, to the government
of the United States of America or any bureau, department, instrumentality or
agency thereof, shall be issued to mature in not more than 40 years and shall
bear interest at a rate not to exceed the maximum rate prescribed by K.S.A.
10-1009, and amendments thereto, payable at such times fixed by the board of
directors of the improvement district issuing the same. The bonds shall
mature serially or otherwise, may be in coupon or registered form and
interchangeable, and shall have such other terms and provisions as the board of
directors of the improvement district provides by resolution or trust
agreement.
History: L. 1945, ch. 180, § 25; L. 1968, ch. 135,
§ 4; L. 1970, ch. 64, § 57;
L. 2001, ch. 48, § 1; April 5.
