The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1915-03-09


AN ACT relating to the maturing bond
ed indebtedness of counties OF over $4,000
and less than $4,000 inhabitants in which
is situated a city of the first class and
providing penalties for the violation of
this act
Be it enacted by the Legislature of the
State of Kansas:
Section l.; Whenever in any county hav-
ing over $4,000 and less than $4,000 in
habitants in which is situated Il city of the
first class. the sinking fund for the pay
ment of bonded Indebtedness including
coupons and judgments thereon, of such
county maturing in the year 1915 shall be
insufficient to meet the total amount due
upon such bonds including coupons and
judgments thereon, the board of county
commissioners of such county are hereby
which to be known as funding bonds, |
in amounts of $4,000 or any multiple
thereof, to provide sufficient money to pay
all of the bonded indebtedness including
coupons and judgments thereon during
such year. Such bonds shall be issued on
the first day of June of such year with
semi annual interest coupons attached and
shall be payable on or before five years
after their date, shall bear interest not to
exceed so per annum payable semi-an-
nually and such bonds to be sold at not
less than par. They shall be numbered
consecutively issued and shall be re-
deemable as herein after provided. An ac
curate record of all bonds issued under this
of the county clerk and county treasurer of
the county. The proceeds of such bonds
for the redemption of the county bonds, |
including coupons and judgments thereon, |
maturing during Sucn year.
Sec. 2. 1t shall be the duty of the board |
of county commissioners each year at the |
time of levying taxes for other purposes, |
for five consecutive years beginning with /
the year in which such bonds are issued /
to levy on the taxable property of such |
county, a tax, in addition to the amount /
levied for the current expenses of the
county provided by law, sufficient to |
pay at least one fifth of the amount of the
act, together with the interest upon the
unpaid bonds and the coupons as they be
lected in the same manner provided by
law for the collection of other taxes. The
kept in separate fund to be used only
for the redemption of such bonds.
Sec. B. 1t shall be the duty of the coun-
ty treasurer of such county, as soon any
moneys are collected pursuant to the Ievies
herein provided for, to begin with the pay
ment of bonds issued under this act in
their numerical order; and whenever there
is an amount of money in the fund avail
able for the redemption of such bonds to
the amount of at least one fifth of the total
issue as herein provided, the county treas
urer shall publish in the official county
such notice designating the bonds in their
numerical order for the payment of which
the duty of the holder of such designated
bond or bonds to present the same to the
shall cease on the bonds designated in any
such notice five days after the last pub
LEGATION of the notice.
Sec. 4. 1t shall be the duty of the county
treasurer of said county whenever there
may be money in the interest fund of the
county not needed for the payment of in
of the bonds issued under this act; In
which case the special levies herein pro-
vided for shall be decreased by the amount
SO paid out of such interest fund.
Sec. 3. If the board of county commits
the levies and taxes herein provided for, it
shall be the duty of the county clerk to
make such levies and place the same upon
the tax rolls of said county.
Sec g. If any officer mentioned in this
act shall fail, neglect or refuse to perform
any of the duties required of him by the
provisions of this act. he shall upon CON
Viction be adjudged guilty of a misdemean-
DR. and fined in any sum not less than five
sand dollars, and may be removed from
MS office by action in the district court of
county attorney to that the provisions
IF this act enforced.
Sec. z. This act shall take effect and be
n force from and after its publication in
-he official state paper.
l hereby certify that the above Bill orig !
mated in the Senate, and passed that body
9th, 1915.
w. Y. MORGAN. +,
pref BGRT e E. fss SSPste'
Secretary of the Senate
Passed the House March Bird, 1918. .
ROBERT STONE, .
Speaker of the House.
1. E LAMBERT,
Chief Clerk of the House.
ARTHUR CAPPER, Governor.
=
Office of Secretary of State.
T. ]. T. BOTKIN, Secretary of State of ,
he State of Kansas. do hereby certify
hat the above and foregoing is a correct
,opy of the original enrolled bill now on
lie in my office
IN TESTIMONY WHEREOF, l have :
hereunto subscribed my name 1
ISeaL and affixed my Official seal this
9Th day of March, 1915. ,
J. 7. BOTKIN. Secretary of State. .
By E. A CORNELL,
Asst. Secretary of State.