Kansas Statutes 10-102. “Municipal bonds” defined
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Terms Used In Kansas Statutes 10-102
- Municipality: as used in this chapter and all acts amendatory thereto, unless otherwise expressed in such amendment, shall mean and include every corporation and quasi corporation empowered to issue bonds in payment of which taxes may be levied. See Kansas Statutes 10-101
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Unless otherwise expressly provided, when used inchapter 10 of the Kansas Statutes Annotated, and amendments thereto, “municipal bonds” means and includes all bonds issued by any municipality which constitute a general obligation of the municipality, except railroad aid bonds.