42-365. Bonds; tax levy to pay. - Kansas Statutes

42-365

Chapter 42.--IRRIGATION Article 3.--IRRIGATION AND IRRIGATION DISTRICTS

      42-365.   Bonds; tax levy to pay.Any irrigation district created under the provisions of this articleshall have the power, and it is hereby authorized, to issue the bonds ofsaid district for the purpose of building or purchasing any main ditch,ditches, or laterals, or any other works, system or device necessary orsuitable for the purpose of irrigating the land in such district; thetotal amount of said bonds not to exceed ten dollars ($10) per acre foreach acre of land irrigable from and by said works so purchased orconstructed, or to be purchased or constructed, in said district; saidbonds to be payable in not less than five (5) years nor more than thirty(30) years, and to bear interest not to exceed the maximum rateprescribed by K.S.A. 10-1009; and shall have power tolevy such tax upon all the real estate which shall be dependent forirrigation upon the irrigation works so constructed or purchased, or tobe so constructed or purchased, within said district, as may benecessary to raise sufficient funds to pay the interest on such bondsand create a sinking fund to meet the payment of such bonds at maturitythereof.

      History:   L. 1891, ch. 133, art. 7, § 9; L. 1901, ch. 71, § 1; R.S. 1923,42-365; L. 1970, ch. 64, § 73; March 21.