Kansas Statutes 12-803. Same; bond limitation
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Terms Used In Kansas Statutes 12-803
- Authority: means the natural gas authority authorized under this act. See Kansas Statutes 12-870
- City: means any city in this state. See Kansas Statutes 12-870
- Property: includes personal and real property. See Kansas Statutes 77-201
No bonds in excess of fifteen percentum of the assessed valuation of tangible property in such city shall be issued under the authority of Kan. Stat. Ann. §§ 12-801 and 12-802, and such bonds may be issued by any city without regard to the statutory limitations of bonded indebtedness of such city and shall not be included in computing the total bonded indebtedness of such city within the meaning of other statutes limiting such bonded indebtedness.