68-516c.Same; issuance of county no-fund warrants, when.If the board of county commissioners shall determine that there areinsufficient funds in the county road and bridge fund to pay the cost ofthe construction and maintenance of roads necessary to compensate such atownship for the transfer of such road machinery and equipment, or, topay the cost of making payments on the contracts of purchase or lease ofroad machinery and equipment assumed by the county under the provisionsof K.S.A. 68-516b, said board may issue no-fundwarrants for the purpose of paying such costs: Provided, That thetotal amount of such warrants issued shall not exceed the totalappraised value of all such road machinery and equipment received fromall townships plus the amount necessary to make such payments on thecontracts of purchase or lease of road machinery and equipment assumedby said county. The proceeds received from the sale of said warrantsshall only be used for the purposes for which the warrants areauthorized to be issued.
Whenever any board of county commissioners shall issue warrants underthe provisions of this section, said board shall make a tax levy, at thefirst tax levying period after such warrants are issued sufficient topay the same and the interest thereon: Provided, That if the boardof county commissioners shall deem it advisable not to make all of suchlevy in any one year, then said board may make an annual tax levy at notmore than the next three tax levying periods occurring after theissuance of said warrants, the total of which levies shall be sufficientto pay said warrants and the interest thereon. The warrants shall beissued, registered, redeemed and bear interest in the manner and be inthe form prescribed by K.S.A. 79-2940, and any amendments thereto, except such warrantsshall not contain the notation required by said section, and any surplusexisting after the redemption of said warrants shall be handled in themanner prescribed in K.S.A. 79-2940.
Such board of county commissioners is hereby authorized and empoweredto expend all moneys raised by no-fund warrants issued under theprovisions of this section although such expenditures were not includedin the budget for the year during which such expenditures are made. Thetax levy herein authorized shall be in addition to all other tax leviesauthorized or limited by law, and shall not be subject to or within anytax levy limit or aggregate tax levy limit prescribed by K.S.A. 79-1947or any amendments thereto.
68-516c.Same; issuance of county no-fund warrants, when.If the board of county commissioners shall determine that there areinsufficient funds in the county road and bridge fund to pay the cost ofthe construction and maintenance of roads necessary to compensate such atownship for the transfer of such road machinery and equipment, or, topay the cost of making payments on the contracts of purchase or lease ofroad machinery and equipment assumed by the county under the provisionsof K.S.A. 68-516b, said board may issue no-fundwarrants for the purpose of paying such costs: Provided, That thetotal amount of such warrants issued shall not exceed the totalappraised value of all such road machinery and equipment received fromall townships plus the amount necessary to make such payments on thecontracts of purchase or lease of road machinery and equipment assumedby said county. The proceeds received from the sale of said warrantsshall only be used for the purposes for which the warrants areauthorized to be issued.
Whenever any board of county commissioners shall issue warrants underthe provisions of this section, said board shall make a tax levy, at thefirst tax levying period after such warrants are issued sufficient topay the same and the interest thereon: Provided, That if the boardof county commissioners shall deem it advisable not to make all of suchlevy in any one year, then said board may make an annual tax levy at notmore than the next three tax levying periods occurring after theissuance of said warrants, the total of which levies shall be sufficientto pay said warrants and the interest thereon. The warrants shall beissued, registered, redeemed and bear interest in the manner and be inthe form prescribed by K.S.A. 79-2940, and any amendments thereto, except such warrantsshall not contain the notation required by said section, and any surplusexisting after the redemption of said warrants shall be handled in themanner prescribed in K.S.A. 79-2940.
Such board of county commissioners is hereby authorized and empoweredto expend all moneys raised by no-fund warrants issued under theprovisions of this section although such expenditures were not includedin the budget for the year during which such expenditures are made. Thetax levy herein authorized shall be in addition to all other tax leviesauthorized or limited by law, and shall not be subject to or within anytax levy limit or aggregate tax levy limit prescribed by K.S.A. 79-1947or any amendments thereto.
68-516c.Same; issuance of county no-fund warrants, when.If the board of county commissioners shall determine that there areinsufficient funds in the county road and bridge fund to pay the cost ofthe construction and maintenance of roads necessary to compensate such atownship for the transfer of such road machinery and equipment, or, topay the cost of making payments on the contracts of purchase or lease ofroad machinery and equipment assumed by the county under the provisionsof K.S.A. 68-516b, said board may issue no-fundwarrants for the purpose of paying such costs: Provided, That thetotal amount of such warrants issued shall not exceed the totalappraised value of all such road machinery and equipment received fromall townships plus the amount necessary to make such payments on thecontracts of purchase or lease of road machinery and equipment assumedby said county. The proceeds received from the sale of said warrantsshall only be used for the purposes for which the warrants areauthorized to be issued.
Whenever any board of county commissioners shall issue warrants underthe provisions of this section, said board shall make a tax levy, at thefirst tax levying period after such warrants are issued sufficient topay the same and the interest thereon: Provided, That if the boardof county commissioners shall deem it advisable not to make all of suchlevy in any one year, then said board may make an annual tax levy at notmore than the next three tax levying periods occurring after theissuance of said warrants, the total of which levies shall be sufficientto pay said warrants and the interest thereon. The warrants shall beissued, registered, redeemed and bear interest in the manner and be inthe form prescribed by K.S.A. 79-2940, and any amendments thereto, except such warrantsshall not contain the notation required by said section, and any surplusexisting after the redemption of said warrants shall be handled in themanner prescribed in K.S.A. 79-2940.
Such board of county commissioners is hereby authorized and empoweredto expend all moneys raised by no-fund warrants issued under theprovisions of this section although such expenditures were not includedin the budget for the year during which such expenditures are made. Thetax levy herein authorized shall be in addition to all other tax leviesauthorized or limited by law, and shall not be subject to or within anytax levy limit or aggregate tax levy limit prescribed by K.S.A. 79-1947or any amendments thereto.
