The Topeka state journal., 1913-03-07

f1OOSE BILL NJ. 33S.
AN ACT amending section 1881 General
Statutes of Kansas, 1909, and providing
a penalty for the violation thereof, and
repeating said original section.
Section 1. That section 1880, General
Statutes of Kansas, 1909, be and the same
Is hereby amended to read as follows:
section 1880. The mayor and council of
any city of the second class are hereby
authorized to issue bonds of such city IN
an amount not to exceed the existing
floating Indebtedness of such city; sucn
bonds to be issued in the redemption CT
The outstanding orders, warrants and
scrip so1p Of such city, outstanding April 1,
valid under this act unless issued on or
before August l, 1913, except that when
property belonging to any city of the sec
ohd class shall be destroyed or damaged
Dy accidents or by the clements such
city may issue it's script to rebuild or
repair such city property and may funG
by reason thereof; provided that it shall
pe unlawful for any city which shall have
the authority of this act to create an
additional floating debt, and any officer
OF such city who shall authorize the
drawing or issuance of any order war
rant Of scrip for the payment of which
there shall not be at the time a fund on
nand or which the authorized tax levy
Tor the current year shall be Inadequate
TO meet, shall be guilty of a misdemeanor
and upon conviction thereof shall be ad-
judged to pay fine equal in amount to
such unauthorized order. warrant Of
scrip. together with costs of prosecution
and be confined in the county iaiI until
such fine and costs are paid. Said bonds
shall be issued in sums of not less than
one hundred dollars and not more than
five hundred dollars, and payable at any
1l tilne wltnln twenty years after the date
thereoT and bear interest at d rate of not
exceeding per cent per annu7n. payable
sen1i-annual1y, both principal and interest
payable at the fiscal agency of the state
of Kansas. Said bonds shall be signed BIZ
the mayor and attested by the city clerk,
with the seal of tie city attached and
he fs.c.T1 1, =
Nloed oy law No limitations as to the
amount of bonded Indebtedness of cities
of the second class shall apply SO as to
prevent the lawful issue of bonds under
this act; provided, such issue, hereby au-
thorlzed, is for the purpose only of fund
ing Indebtedness not heretofore funded by
bond issue. Such bonds shall be sold for
not less than par and no commission shall
be allowed or paid for their negotiation
paying off the outstanding orders, war
rants and scrip of such city and the
mayor and council of such city shall levy
annually upon all the taxable property of
such city a sum sufficient to pay the in
terest and also provide sinking fund for
the redemption at maturity of all bonds
issued by the authority of this act
Sec. .. That section 1880 General Stat
utes of Kansas. 1909, be and the same is
hereby repealed.
Sec. 5. This act shall take effect ana De
In force upon its publication in the Official
state paper.
hereby certify that the above Bill orig
IldIeu III CisG ana passed that body
February ), 1918
w L. BROWN
Speaker of the House.
GEO. L. ROGERS
Chief Clerk of the House
Passed the Senate February Is, 1913
SHEFFIELD INGALLS,
President of the Senate
BURT L. BROWN
Secretary of the Senate
Approved Feb. q, 1913.
GEO H HODGES
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 file in my office.
IN TESTIMONY WHEREOF I have
hereunto subscribed my name
CSealJ and affixed my official seal, |
this 24th day of February 191.
FCHAS. H. SESSIONS
Secretary of State,