The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-02-28

February IS 1911
SENATE BILL NO. &c.
AN ACT amending section 1880 OF the
1909, amended by chapter ia of the
Session Laws of the state of Kansas,
for the year 1915 and as amended by
chapter 137 of the Session Laws of the
state of Kansas for the year 1915, and
providing Il penalty for the violation
thereof and repeating chapter 13I of the
for the year 1915.
Be it enacted by the Legislature of the
Section 1. That section 1880 of the
General Statutes of Kansas, 1903, as
msnded ed By chapter l1 # tae tse ses
sion Laws of 1915 be and the same is
hereby amended to read as follows: Sec
city of the second and third class are
hereby authorized to issue bonds of such
and legally existing, floating Indebtedness
of such city; such bonds to be Issued IN
the redemption of the outstanding orders,
warrants and scrip of such city, outstand-
ing April /, 1917; provided, that no bonds
shall be valid under this act unless issued
on or before August ], 1917, except that
when property belonging to any city of
the second and third class shall be de-
s s5e Elements "l such city lay issue its
scrip to rebuild or repair such city prop
erty and may fund the Indebtedness due
or to become due by reason thereof pro-
vided that it shall be unlawful for any
city which shall have funded its floating
act to create an additional floating debt,
except for emergencies as herein provided,
authorize the drawing or issuance of any
order. warrant or scrip for the payment
of which there shall not be at the time
Il fund on hand or which the authorized
tax levy for the current year shall be
inadequate to meet shall be guilty of
misdemeanor, and upon conviction there
of shall be adjudged toepay a fine equal
in amount to such unauthorized order.
warrant or scrip together with costs of
cutin he N
Jail until such fine and costs are paid.
Said bonds shall be issued in sums of not
more than five hundred dollars except
that bond may be for any amount less
at any time within twenty years after
the date thereof rs may be determined by
the mayor and council. and bear interest
at rate not exceeding five per cent per
annum, payable semi-annually, both prin
cipal and interest payable at the fiscal
shall he signed bv the MAYOR and attest
eddy the city clerk. with the seal of the
city attached and when so issued shall
limitation as to the amount of bonded in
debtedness. of cities of the second and
lawful issue of bonds under this act. nor
shall it be necessary for an election to be
called and held to authorize 41e, the issuing
vided. such issue hereby authorized. is
for the purpose. only of funding indebted
ness 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 the negotiation. and
the proceeds thereof shall be used only in
paving off the outstanding orders. war
rants and scrip of such city, and the
mayor aud council shall levy annually
upon all the taxable property of such
citv A sum sufficient to nav the interest
and also to provide sinking fund for
the redemption ut maturity of all bonds
issued by the authority of this act.
Sec. . That section ESQ of the Gen
eral Statutes of Kans"s. 1902 rs "mende'
br charter ia of the Session Laws of
of 1915 be and the same is hereby re
pealed.
Sec. =. This pet shall take effect and he
in force unon its publication in the Off
I hereby certify that the above Till origi
mated in the senate and passed that body
January pc 1917
w Y MORGAN.
President of the Senate.
T. D. GEORGE.
Secretary of the Senate
Passed the HOUSE E~',-'iary -. 1917.
A. NJ EFFNE.
Sneaker Of tho House.
CLARENCE W MILLER.
Chief Clerk Of the House.
Approved Toi,rnar- o. 1o71
ARTHUR CAPpFR. Governor.
State OF Kansns
0ffi..e of Secretary Of STATE.
I. It. RoTKIN. Secretary Of State of
the State of Kansas. do hereby certify that
the above and foregoing is correct copy
of the original enrolled bill now on file in
nv office
hereunto subscribed my name
and AFFIXED my official seal.
ISeaLl .h-r, 9th day of February
1917
7. T. B0TEIN- Secretary of State.
by E. A. CORNELL.
Asst Secretary of State.