The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1917-02-10

HOUSE BILL No. 40.
AN ACT authorizing the Board of County
| Commissioners to issue bonds FOR the
| purpose of funding the floating indebted
| ness against said counties existing at the
| time of the passage of this act, or to
to pay such Indebtedness out of the gen
eral revenue fund under certain condi-
tions.
Be it enacted by the Legislature of the
| State of Kansas:
Section 1. That the boards of county
commissioners of the various counties OF
| the state of Kansas are hereby authorized
and empowered to issue the bonds OF the
respective counties in amount sufficient
ing against such counties at the times
of the passage Of this act; The bonds shall
be known and be Demonstrated as--
County Funding Bonds and shall be is
sued in denominations of not less than
one hundred (S100) dollars nor more than
one thousand $1o00) dollars with interest
coupons attached, and shall bear interest at
a rate not greater than five per cent $50
per annum, payable semi annually the first
days of January and July in each year:
provided, however. that any county not
desiring to issue bonds hereinbefore pro-
yided for, may levy a tax in lieu thereof
not exceeding three tenths of mill on
| the dollar Of the taxable property In such
| outstanding and floating Indebtedness at
the time of the passage of this act, until
a sufficient amount is raised to meet said
indebtedness; and provided further that
any county is hereby authorized TO pay
ssid or any part + S Sas
any surplus in said fund after paying its
general current expenses; and further pro-
levied on or before September list, 1917.
X Sec. 2. That said bonds shall be pay
s sSe as sha n in Dot more than
| thirty years from date thereof in annual
| installments equal to the number Of years
able at the office of the fiscal agency Of
the state of Kansas at such time within
the period aforesaid as the board OF county
!
shall bear its face the amount thereof,
| of such bonds, when issued, when and
and be payable to bearer: which bonds
shall be signed by the chairman of the
board and attested by the clerk of the
preston of the seal of the county thereon;
provided that said bonds shall not be sold
until registered In the office Of the county
and until showing is made to said audi
tor that the evidence of indebtedness is in
escrow and will be cancelled.
acts in conflict herewith are hereby re-
Sec. f. This act shall take effect and be
in force from and after its publication In
the official state paper
mated the House, and passed that body
January 10, 1917;
cLARE sseseEef W. q M MI 1SRse'
Ch1ef CLERK OF the House
| Passed the Senate February 6, 1917
WY. MORGAN.
= President of the Senate.
Z. d. GEORGE,
Secretary of the Senate.
Approved February Q. 1917.
ARTHUR CAPPER, Governor.
! State of Kansas
Office of Secretary of State.
I. J. T. B0TKIN, 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
my office.
IN TESTIMONY WHEREOF have here
unto subscribed my name
and Gffixed my official seal.
fSeail this 9th day of February.
| 1917.
J. T. B0TKIN. Secretary of State.
By E. A. CORNELL,
Asst. Secretary of State.
/ thirst published in the Topeka State
Journal. February Z. 1911
| RESOLVED. That the Mayor and Board
/ of Commissioners of the City of Topeka,
Shawnee County, Kansas, deem it neces-
sary for the best interests of said city that