Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1885-03-28
HOUSE, BILL no. 19l.
First published March 6, 1885
AN ACT

Permitting the board Of county commissions Of
Barton county, Kansas, to fund its indebtedness.
Be 1t enacted by the legislature Of me state Of
Kansas:
SECTION /. The board of county commissioners OF
Barton county, Kansas, are hereby authorized and
empowered to issue and sell the bonds of said cOun-
~ Ia amount not TO exceed fifteen thousand dollars
ana apply the proceeds thereof exclusively to the
payment OF outstanding county orders. and the in
Isrest thereon which are due against said county as
the time of issuing said bonds.
SEC. 2 no bonds shall be issued under this act
Tor less sum than hve hundred dollars, and shall
have interest coupons attached thereto, bearing
terest at the rate of six per cent per anns and be
made payable to bearer at such place as the com
nnissioners may deem best. Said bonds not to run
more than fifteen years, the interest to be payable
semi-annually on the first day of January and July
able.
SEC. g. All bonds Issued under the provisions OF
this act shall be signed by the chairman OF the
board of county commissioners and the clerk OF
said county, and cOuntersigned by the treasurer,
and shall have the seal Of the county attached, and
Be by said clerk registered IN book by him kept
for that purpose which register shall show the date
number, to whom issued when and where payable,
rate Of interest, and amount of each bond.
$50 Said bonds shall be sold at not less than par
and all moneys derived from the sale thereof shall
be paid to the county treasurer, to be by him
discussed for the purpose of paving outstanding
county orders. and for other purpose.
SEC. 8. 1t shall be the duty of the board of cOun-
ty commissioners to levy each year on
the taxable property In the county, ia
addition TO the levy authorized for other purposes,
suthcient sum to pay the interest on outstanding
the expiration of One-haf the time which said bonds
drawn 70 they shall levy sufficient amount,
In addition TO other authorized levies, to create
sinking fund for the final redemption of the sames
and the money collected and accommodating from
such levies shall be known ''bOnd funds,'' and
shall be used for the payment Of the bonds and in
terest coupons, and no other purpose whatever.
SEC 6. Whenever after the expiration of one half
the period said bonds are to run, there shall be in
the hands of the said county treasurer belonging to
the bond funds after setting aside the required
TO pay the interest coupons maturing before the
next annual tax levy, amount sufficient to redeem
one or more of said bonds, il shall be his duty to
notify the owner of said bonds that he is prepared
70 pay the same, with all the interest accrued there
on and IT such bonds are not presented for redemp
son or payment within thirty days after the date OF
sch notice, then the interest ON such bonds shall
cease, and the amount due thereon set lside for
their payment when presented, said bonds to be
paid in the regular order of their numbers.
SEC. T. This act shall take effect and be in force
from and after its publication in the official state
paper.
Approved March 4, 1885.
do hereby certify that the foregoing is a true
and correct copy OF the original enrolled bill now
on file in my office.
In testimony Whereof have hereuntO subscribed
my name and affixed my official seal.
SEAL Done at Topeka, Kansas, this 4th day of
March, A. y. 1880. J.. B. ALLEN,
Secretary of State.