The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-03-08
LEGAL.
LEGAL.
Published in The Topeka State Journal
March s, 19I.1
HOUSE BILL No. II


HOUSE BILL No. I'll.
AN ACT to enable cities of the first
class to refund their Indebtedness. and
browsing penalties for the violation
thereof.
Be it enacted by the Legislature of the
state of Kansas: -H
Section 1. That every city of the first
class be. and the same is hereby author
1zed and empowered to compromise and
refund all Of its outstanding warrants,
certificates of Indebtedness, and all 9TH
er outstanding indebtedness prior to jan
uary l, 1911, payable out of the general
the judgment fund, of said city, upon such
terms as can be agreed upon, and to issue
bonds with semi-annual coupons at
compromised and refunded, said funding
bonds to be issued for the redemption Of
warrants, certificates of Indebtedness and
other Indebtedness, payable out of the
general fund, the general improvement
fund and the judgment fund issued prior
to January ], 1911, outstanding on the first
day Of February. 1911; provided that no
such. city shall Issue it's bonds under the
provisions of this act, in amount to ex-
coed one hundred thousand dollars
Sec: 2 That the bonds issued under this
act shah be signed by the mayor and at
tested by the city clerk under the seal of
the city, and the interest coupons shall be
signed by the Autographed signature of
the mayor. Such bonds may be in any
denomination from one hundred dollars
TO one thousand dollars, and made payable
at any time not exceeding twenty-f five
issued, sold or exchanged for other evil
denceS of Indebtedness of such city at less
actual amount of outstanding Indebted
ness of the city at the time that they are
issued, shall not bear greater rate of
interest than five per cent. per annum,
payable semi annually; that the mayor
and councilmen of said city may cause
such Indebtedness to be refunded by or
dinance specifying the particular indebt-
edness to be refunded, the amount of
bond to, be issued, the time when said
hall he avaI fla 10 20
interest that the same shall bear and
each of said bonds shall contain a re-
of this act. which recital shall be con-
elusive that the proper ordinance author
izing such refunding has been passed
and that all other conditions precedent
to the issuing of said bonds have been
complied with, and that said bonds have
been issued to refund valid Indebtedness
of the city issuing them.
Sec. s. That a record shall be kept by
the city clerk of the different cities issu-
ing bonds under this act of all bonds so
issued and when the same shall become
due, and all written evidences of indebted
the words paid in full marked in a plain
manner across the same, and such can
celed obligation shall be carefully pre-
served in the office of the city clerk
destroyed by the mayor and council,
register Of the number, amount and date
of issuing of the same having been first
made by the city clerk.
Sec 4. That in every instance in which
any city shall issue bonds under this act
council thereof to annually levy. at the
time of making the levy of other taxes,
a tax sufficient in amount to pay the in
terest upon said bonds and the coupons
as they become due and five years after
said bonds have been issued and annually
thereafter until the maturity of said bonds
to levy tax sufficient for their final re-
demption as the same shall mature.
Sec. S. None of the restrictions and linn
itationS contained in any Of the statutes
of the state of Kansas heretofore enact
ed shall apply to or in any way AFFECT
this act or the bonds so issued.
Sec. 6. That any officer who shall issue
or aid in or consent to issuing any bonds
refund the floating Indebtedness of the
city issued or accrued prior to January,
or shall misappropriate or use, or aid or
the funds raise1 by taxation for the bur
nose Of having the priT1cinaI or interest of
such bonds for any other purpose, shall
be deemed guilty of a misdemeanor. and
sum equal to the amount of money so
misappropriated or used and imprisoned
in the county jail. for not less than three rec
shall also be liable in civil action for the
amount SO misappropriated or used, to be
prosecuted by any holder of any bond
issued under this act or by the city.
Sec. Z. This act shall take effect and
be in force from and after its passage and
pubiication in the OFFICIAL state paper.
/ hereby certify that the above bill orig
mated in the House, and passed that body
G. H BUCHANAN,
Speaker of the House.
EARL AKERS.
Chief Clerk of the House.
Passed the Senate March l, 1911
RICHARD ]. HOPKINS,
President of the Senate
WALTER A. JOHNSON,
Secretary of the Senate.
Approved March 6, 1911,
w. r. STUBS, Governor.
State of Kansas.
Office of the Secretary of State
I, Chas. H. Sessions, Secretary of State
of the State of Kansas, do hereby certify
that the above and foregoing is a correct
copy of the original enrolled bill now on
file in my office.
IN TESTIMONY WHEREOF, 1 have
hereunto subscribed my name
[SeaL] and affixed my official seal,
this 7th day of March 1911
CHAS. H. SESSIONS,
Secretary of State.
By ]. T. BOTKIN.
Asst Secretary of state