Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1885-03-28
HOUSE, BILL NO. 191.
[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 the state Of
Kansas:
SECTION 1. The board OF county commissioners of
Barton county, Kansas, are hereby authorized anc
empowered to issue and sell the bonds of said
ty IL amount not to exceed fifteen thousand dolars
snd apply the proceeds thereof exclusively to the
payment of outstanding county orders, and the in
terest thereon which due against said county at
the time of issuing said bonds.
SEQ 2. No bonds shall be issued under this act
for less sum than Ave hundred dollars, and shall
hsve interest coupons attached thereto, bearing in
made payable to bearer at such place as the COM
nissioners may deem best. Said bonds not to run
more than fifteen years, the interest to be payable
semiannually on the first day of January and July
tn each year, at the place where said bonds pay
able.
SEC. 8. 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 countersigped by the treasurer,
and shall have the seal OF the county attached, and
be by said clerk registered In a book by him kept
number. TO whom issued, when and where payable,
rate of interest, and amount of each bond.
SEC 4Said bonds shall be sold at not less than par,
and all moneys derived from the sale thereof shall
be paid over to the county treasurer, to be by him
disbursed for the purpose of paying outstanding
county orders, and for no other purpose.
SEC D. II snail Dc the duty or the board or cOun-
~ commissioners to levy each year ON
the taxable property in the county, in
addition to the levy authorized for other purposes,
q sufficient sum to pay the intares. outstanding
bonds accruing before the next annual levy, and at
the expiration of onehalf the time which said bonds
are drawn to run they shall levy sufficient amount
h addition to other authorized levies, to create q
sinking fund for the final redemption of the same:
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.
the period said bonds 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 1t shall be his duty to
notify the of eaid bonds that he Is prepared
to pay the same. with all the interest accrued there
on; and If such bonds not presented for redemp
ton payment within thirty days after the date Of
such notice. then the interest on such bonds shall
cease, end the amount due thereon set aside 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 . 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.
IsEAL] Done at Topeka, Kansas, this 18th day of
March, A. D. 1885. E. B. ALLEN,
Secretary of State.