The advocate., 1895-03-06
Published March 6, 1851
House Bill No. las.
AN ACT

To authorize the board Of county commission
ers of Edwards county, Kansas, to issue the
bonds OF said county TO fund its outstanding
Indebtedness.
Be 10 enacted by the Legislature Of the State Of
Kansas:
SECTION l. That the board of county COM
missiOners of Edwards county, Kansas, be and
said board is hereby authorized and directed
to issue the bonds ofsaid county in an amount
not exceeding fifteen thousand dollars for the
purpose of funding the lOsttng debt OF said
county. Said bonds shall be known and de-
nominated as Edwards county funding bonds,
shall be issued in denominations Of not less
than one hundred dollars nor more than one
thousand dollars each, shall be made payable
at the fiscal agency OF the state OF Kansas In
the city OF New York, and shall bear interest
at the rate OF six per cent. per annum, payable
semi.annually, and shall have interest cou-
pOns attached therefor, the principal payable
not less than ten nor more than twenty-five
years from the date of said bonds the time Of
payment within said restriction to be deter
mined by said board.
SEC. g. Said bonds shall not be sold for cash
for less than par, nor be exchanged for out
standing warrants and the accrued interest
thereon for less than dollar for dollar, and the
funds arising from the sale Of the same shall
be placed In q special fund to be used for the
redemption Of the outstanding warrants Of
said county; PrOvided, That no warrant of
said county shall be redeemed out OF such
fund which bears date subsequent to February
/, 1895.
SEC. 8. AZ soon % the bonds so issued shall
be sold, and the proceeds arising therefrom
shall have been placed in the county treasury,
the county treasurer shall advertise the fact
that funds are In the treasury for the redemp-
ton of outstanding warrants bearing date
prior to February 1, 1895; and from and after
the date Of such advertisement, the said out
standing warrants so advertised shall cease TO
bear interest
SEC. 1. The funds arising from the sale Of
said bonds shall be paid as follows: The
county treasurer Of said county, whenever any
warrant payable out Of said fund shall be pre-
sented for payment, shall pay the same and
the accrued interest thereon, and shall stamp
the same with red ink across the face thereof,
and shall file the same In file separate from
other cancelled warrants Of the county paid
out Of other funds. The county treasurer shall
keep an abstract record Of the warrants 80
Cancelled, which abstract shall show the num-
ber Of the cancelled warrants, when issued
for what purpose issued, the amount thereof
and the amount Of accrued interest paid
thereon, and the date OF payment
SEC. 5. The county treasurer shall, at each
regular meeting OF the board OF county com.
missioners, present the warrants so cancelled
to said board, and said board shall compare
the warrants so Cancelled with the county
treasurers record Of the same, and all can
celed warrants found to be properly recorded
A9 nof0ln prOVlubQ may bn6n Do nl6u Win
other cancelled warrants, and destroyed at the
time and in the manner provided for the de-
sGruction Of county warrants generally.
SEC. 6 The board Of county commissioners
Of said county shall levy annually upon the
taxable property Of said county in addition to
the leyies authorized for other purposes, sum
sufficient to pay the interest on all bonds is
sued under the provisions OF this act, and
shall levy q sufficient sum, In addition to all
other leyies to provide Q sinking fund for the
redemption of the same at maturity; Provided,
That no levy shall be made to provide sink.
ing fund for the payment Of any Of such bonds