80-113. Bonds for reconstruction, repair and equipment of buildings; amount authorized; election.
184 words·~1 min read·
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80-113. Bonds for reconstruction, repair and equipment of buildings; amount authorized; election.
(a)For the purpose of obtaining funds for the reconstruction, repair and equipment of township buildings, a township board may issue general obligation bonds as follows:
(1)For any township with a population of not more than 5,000, the township board is authorized to issue general obligation bonds in an amount not to exceed 1% of the assessed tangible valuation of such township;
(2)for any township with a population of more than 5,000 but not more than 10,000, the township board is authorized to issue general obligation bonds in an amount not to exceed 5% of the assessed tangible valuation of such township; and
(3)for any township with a population of more than 10,000, the township board is authorized to issue general obligation bonds in an amount not to exceed 10% of the assessed tangible valuation of such township.
(c)* No township shall issue any such bonds until and after an election therefor has been held in accordance with the provisions of K.S.A. 80-104 and 80-105 , and amendments thereto.