Kansas Statutes 80-2029. Same; general obligation bonds; special assessments; revenue bonds; conditions
Terms Used In Kansas Statutes 80-2029
- 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.
- sewage system: means the main, lateral, outfall and intercepting sewers which may be constructed by any sewage district within or without the corporate limits of any township as herein provided, including all manholes, pumps, lift stations and other appurtenances to such sewers, including sewage-disposal plants, if any be constructed by such sewage district as herein provided, and their appurtenances. See Kansas Statutes 80-2001
General obligation bonds issued under the provisions of this act shall be payable out of special assessments levied against each lot and parcel of ground in said sewage district in the manner provided by Kan. Stat. Ann. § 80-2007, or acts amendatory thereof. Said bonds shall be general obligations of said entire sewage district as provided in Kan. Stat. Ann. §§ 80-2006 and 80-2012, or acts amendatory thereof, and shall mature within the period provided for and otherwise governed by the provisions of those sections. Revenue bonds issued hereunder shall be payable exclusively from the revenues derived from the operation of said sewage system and shall be issued and paid and charges shall be imposed in accordance with the provisions of article 12 of chapter 10 of the Kansas Statutes Annotated, and any amendments thereto.