13-1232. Same; general obligation bonds; limitations. - Kansas Statutes

13-1232

Chapter 13.--CITIES OF THE FIRST CLASS PART I.--GOVERNMENT BY MAYOR AND COUNCIL AND GENERAL LAWS Article 12.--PUBLIC UTILITIES

      13-1232.   Same; general obligation bonds; limitations. The amount of general obligation bonds which may be issued under the provision of this act for the purchase or extension of the water and light plants shall not be in excess of ten percent of the assessed valuation of such city regardless of any other debt limitation statute, and they shall not be counted under any statute limiting the issuance of general obligation bonds for other purposes.

      History:   L. 1929, ch. 126, § 13; L. 1980, ch. 72, § 12; April 14.