The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-03-04


AN ACT relating to the floating indebted~
ness of townships and school districts
and providing for the retirement thereof
by the issuance of bonds or the levy OF
Be it enacted by the Legislature of the
Section i. -Cpon the presentation of a
petition signed by 81 per cent of the tax
payers of any township or school district
ious counties of the state of Kansas ana
the boards of education be and are HEREBY
authorized and empowered to Issue the
in an amount sufficient to redeem and re
fund all outstanding floating indebtedness
against such townships or school distress
existing at the time of the passage of this
act. including accumulated interest on ont
standing warrants The bonds shall zt,I d,h be
Bonds," and shall be issued in denomina;-
tons in not less than one hundred tSlobo0)
(S1 0OO. OO) dollars, with interest coupons
attached and shall bear interest at rate
annu1n. payable semiannually, the first
days Of January and July in each year;
Provided, however, that any township or
school district not desiring to issue bonds
hereinbefore provided for may levy Il tax
in lieu thereof, not exceeding three-tenths.
Of a mill on the dollar of the taxable prop
erty in such township or school district,
for the purpose of redeeming It's outstand-'
ing and floating Indebtedness: Provided
that this act shall not apply to boards of
education school districts pertaining to
cities of the first class.
Sec. q That said bonds shall be PAYABLE
in not more than thirty years from the
date thereof and may be made payable
in installments and shall be payable at
the office of the fiscal agency of the state
of Kansas at such thine within the period
aforesaid rs the board of township trus-
tees or boards of education shall desig-
nate Each bond shall bear on its face the
| amount thereof. the rate of interest it
| bears. the number of such bonds, when
purpose issned, and be payable to bearerss
which bonds together with the coupons
thereto attached shall be signed by the
chairman of the board and attested by the
clerk of the county and each bond shall
have the impression of the seal of the
county thereon: Provided, that said bonds
shall not be sold until registered in the
office of the county clerk and the office of
the auditor of state and shall not be sold
Sec. 8. That all acts and all parts OF
acts in conflict herewith are hereby re-
Sec T. This act shall take effect and be
in force from and after its publication in
the official state paper.
L hereby certify that the above Bill orig
| mated in the Senate, and passed that body
January %, 1919.
Senate adopted Conference report Febru-
CHAS. s. HUFFMAN.
-- President of the Senate.
| '-s[r-- EMMETT ID. GEORGE.
Secretary of the Senate.
Passed the House February 10. 1919.
House adopted conference report Febru-
d. A N CHASE.
Speaker Of the House Protein.
CLARENCE W. MILLER,
Chief Clerk of the House.
Approved February q 1919.
HENRY J. ALLEN, Governor.
State of Kansas,
Office Of Secretary of State.
I, L. J. PETTIJOIIN, 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
hereunto subscribed my name
! land affixed my official seal,
[Seall this list day of March,
1919.
L. J. PETTIJOHN,
Secretary of State.