Article 35.--WATER SUPPLY AND DISTRIBUTION DISTRICTS
19-3557.General obligation bonds; certain
districts; refunding of revenue bonds; tax levies.
(a) The provisions of this section shall apply to public wholesale water
supply districts No. 4, No. 11 and No. 12.
(b) The governing body of any public
wholesale water supply district created pursuant
to K.S.A. 19-3545 et seq., and amendments thereto, to which
this section applies may issue general
obligation bonds of the
district to finance the cost of acquisition, construction, reconstruction,
alteration, repair, improvement, extension or enlargement of the district.
All general obligation bonds of the district shall be authorized, issued,
registered and sold in the manner provided by the general bond law and shall
bear interest at a rate not to exceed the maximum rate prescribed by K.S.A.
10-1009, and amendments thereto. The authorized and outstanding bonded
indebtedness of the district
shall not exceed 20% of the assessed value of all taxable tangible property
located within the district, as certified to the county clerk on the preceding
August 25.
No bonds may be issued under this subsection until the question of
issuing such bonds has been
submitted to and approved by a majority of the qualified electors of the
district voting at an election called thereon. Such election
shall be called and held in the manner provided by the general bond law.
If a majority of the voters voting on the question vote in favor thereof,
the bonds may be issued.
(c) The governing body of any public wholesale water supply
district to which this section applies may issue, from time to time, general
obligation bonds, in
the manner prescribed by K.S.A. 10-427 et seq., and amendments
thereto, to refund any previous issue or part thereof of its outstanding
revenue bonds, including the principal amount thereof and all accrued
outstanding interest thereon, if such revenue bonds are callable in
accordance with their terms or the holders thereof are willing to surrender
them to the district. Such general obligation bonds shall not be issued
until a resolution adopted by the governing body of the district stating
the purpose for which such bonds are to be issued, the total amount of the
bonds proposed to be issued, and the total cost to the district of the
refunding project, is published once each week for two consecutive
weeks in the official newspaper of such district. After publication, such
bonds may be issued unless a petition requesting an election on the
proposition, signed by electors equal in number to not less than 5% of the
electors of the district who voted for the office of secretary of state at
the last preceding general election of such office, is filed with the clerk
of such district within 20 days following the last publication of such
resolution. If such a petition is filed, the governing body of the district
shall submit the proposition to the voters at an election called for such
purpose and held within 90 days after the last publication of the
resolution and no bonds shall be issued under this subsection unless such
proposition shall
receive the approval of a majority of the votes cast thereon. Such election
shall be called and held in the manner provided by the general bond law.
(d) The governing body of any public wholesale water
supply district to which this section applies
shall have the power to levy a tax against all taxable, tangible property
in the district for the purpose of paying any bonds, and the interest
thereon, issued pursuant to this section. Any bonds issued pursuant to
this section shall not be included in computing the total bonded
indebtedness of any city or county located within such water supply district.
History: L. 1982, ch. 125, § 1;
L. 1988, ch. 108, § 1;
L. 1990, ch. 119, § 2; May 3.
Article 35.--WATER SUPPLY AND DISTRIBUTION DISTRICTS
19-3557.General obligation bonds; certain
districts; refunding of revenue bonds; tax levies.
(a) The provisions of this section shall apply to public wholesale water
supply districts No. 4, No. 11 and No. 12.
(b) The governing body of any public
wholesale water supply district created pursuant
to K.S.A. 19-3545 et seq., and amendments thereto, to which
this section applies may issue general
obligation bonds of the
district to finance the cost of acquisition, construction, reconstruction,
alteration, repair, improvement, extension or enlargement of the district.
All general obligation bonds of the district shall be authorized, issued,
registered and sold in the manner provided by the general bond law and shall
bear interest at a rate not to exceed the maximum rate prescribed by K.S.A.
10-1009, and amendments thereto. The authorized and outstanding bonded
indebtedness of the district
shall not exceed 20% of the assessed value of all taxable tangible property
located within the district, as certified to the county clerk on the preceding
August 25.
No bonds may be issued under this subsection until the question of
issuing such bonds has been
submitted to and approved by a majority of the qualified electors of the
district voting at an election called thereon. Such election
shall be called and held in the manner provided by the general bond law.
If a majority of the voters voting on the question vote in favor thereof,
the bonds may be issued.
(c) The governing body of any public wholesale water supply
district to which this section applies may issue, from time to time, general
obligation bonds, in
the manner prescribed by K.S.A. 10-427 et seq., and amendments
thereto, to refund any previous issue or part thereof of its outstanding
revenue bonds, including the principal amount thereof and all accrued
outstanding interest thereon, if such revenue bonds are callable in
accordance with their terms or the holders thereof are willing to surrender
them to the district. Such general obligation bonds shall not be issued
until a resolution adopted by the governing body of the district stating
the purpose for which such bonds are to be issued, the total amount of the
bonds proposed to be issued, and the total cost to the district of the
refunding project, is published once each week for two consecutive
weeks in the official newspaper of such district. After publication, such
bonds may be issued unless a petition requesting an election on the
proposition, signed by electors equal in number to not less than 5% of the
electors of the district who voted for the office of secretary of state at
the last preceding general election of such office, is filed with the clerk
of such district within 20 days following the last publication of such
resolution. If such a petition is filed, the governing body of the district
shall submit the proposition to the voters at an election called for such
purpose and held within 90 days after the last publication of the
resolution and no bonds shall be issued under this subsection unless such
proposition shall
receive the approval of a majority of the votes cast thereon. Such election
shall be called and held in the manner provided by the general bond law.
(d) The governing body of any public wholesale water
supply district to which this section applies
shall have the power to levy a tax against all taxable, tangible property
in the district for the purpose of paying any bonds, and the interest
thereon, issued pursuant to this section. Any bonds issued pursuant to
this section shall not be included in computing the total bonded
indebtedness of any city or county located within such water supply district.
History: L. 1982, ch. 125, § 1;
L. 1988, ch. 108, § 1;
L. 1990, ch. 119, § 2; May 3.
Article 35.--WATER SUPPLY AND DISTRIBUTION DISTRICTS
19-3557.General obligation bonds; certain
districts; refunding of revenue bonds; tax levies.
(a) The provisions of this section shall apply to public wholesale water
supply districts No. 4, No. 11 and No. 12.
(b) The governing body of any public
wholesale water supply district created pursuant
to K.S.A. 19-3545 et seq., and amendments thereto, to which
this section applies may issue general
obligation bonds of the
district to finance the cost of acquisition, construction, reconstruction,
alteration, repair, improvement, extension or enlargement of the district.
All general obligation bonds of the district shall be authorized, issued,
registered and sold in the manner provided by the general bond law and shall
bear interest at a rate not to exceed the maximum rate prescribed by K.S.A.
10-1009, and amendments thereto. The authorized and outstanding bonded
indebtedness of the district
shall not exceed 20% of the assessed value of all taxable tangible property
located within the district, as certified to the county clerk on the preceding
August 25.
No bonds may be issued under this subsection until the question of
issuing such bonds has been
submitted to and approved by a majority of the qualified electors of the
district voting at an election called thereon. Such election
shall be called and held in the manner provided by the general bond law.
If a majority of the voters voting on the question vote in favor thereof,
the bonds may be issued.
(c) The governing body of any public wholesale water supply
district to which this section applies may issue, from time to time, general
obligation bonds, in
the manner prescribed by K.S.A. 10-427 et seq., and amendments
thereto, to refund any previous issue or part thereof of its outstanding
revenue bonds, including the principal amount thereof and all accrued
outstanding interest thereon, if such revenue bonds are callable in
accordance with their terms or the holders thereof are willing to surrender
them to the district. Such general obligation bonds shall not be issued
until a resolution adopted by the governing body of the district stating
the purpose for which such bonds are to be issued, the total amount of the
bonds proposed to be issued, and the total cost to the district of the
refunding project, is published once each week for two consecutive
weeks in the official newspaper of such district. After publication, such
bonds may be issued unless a petition requesting an election on the
proposition, signed by electors equal in number to not less than 5% of the
electors of the district who voted for the office of secretary of state at
the last preceding general election of such office, is filed with the clerk
of such district within 20 days following the last publication of such
resolution. If such a petition is filed, the governing body of the district
shall submit the proposition to the voters at an election called for such
purpose and held within 90 days after the last publication of the
resolution and no bonds shall be issued under this subsection unless such
proposition shall
receive the approval of a majority of the votes cast thereon. Such election
shall be called and held in the manner provided by the general bond law.
(d) The governing body of any public wholesale water
supply district to which this section applies
shall have the power to levy a tax against all taxable, tangible property
in the district for the purpose of paying any bonds, and the interest
thereon, issued pursuant to this section. Any bonds issued pursuant to
this section shall not be included in computing the total bonded
indebtedness of any city or county located within such water supply district.
History: L. 1982, ch. 125, § 1;
L. 1988, ch. 108, § 1;
L. 1990, ch. 119, § 2; May 3.