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Terms Used In Kansas Statutes 78-112

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Undertaking: means a promise or security in any form where required by law. See Kansas Statutes 77-201

That, whenever any bond, stipulation or undertaking given to any county, township, school district, city or other municipal corporation for the security of any deposit of public money or performance of any public contract, shall be signed by two or more individual sureties, said bond shall be signed by such sureties before an officer authorized to take acknowledgments, who shall subscribe to the fact that said bond was signed by such sureties in his or her presence.