17-2359. Validity of bonds; certificate of auditor of state. - Kansas Statutes

17-2359

Chapter 17.--CORPORATIONS Article 23.--DEVELOPMENT CREDIT CORPORATIONS; HOUSING LAWS

      17-2359.   Validity of bonds; certificate of auditor of state. The municipality may submit to the state auditor any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the state auditor, it shall be the duty of the state auditor to obtain the opinion of the attorney general upon the validity of such bonds and the regularity of all proceedings in connection therewith, and the state shall not register any such bonds except upon the written approval of the attorney general. If such proceedings conform to the provisions of this act and are otherwise regular in form and if such bonds when delivered and paid for will constitute binding and legal obligations enforceable according to the terms thereof, the state auditor shall certify in substance upon the back of each of said bonds that it is issued in accordance with the constitution and laws of the state of Kansas.

      History:   L. 1957, ch. 132, § 23; L. 1973, ch. 96, § 19; July 1.