24-1108. Same; annual tax levies for bonds; payments.
24-1108
24-1108. Same; annual tax levies for bonds; payments.It shall be the duty of the governing body of the consolidated districtto cause an annual tax levy to be made, at the same time other taxes arelevied, on the lands of the former Missouri district in keeping with theoriginal tax levy made on the lands of such district in order to providefunds for the payment of maturing bonds and interest. If the original levyso made by the Missouri district and spread on the tax rolls of the propercounty or counties in Kansas shall not be sufficient to pay all of suchbonds and interest as the same mature, it shall be the duty of thegoverning body of the Kansas district to make such additional levy orlevies on the benefited lands formerly in the Missouri district, inproportion to the benefits originally assessed thereon, as may be requiredfor the prompt payment of such bonds and interest. Under no circumstancesshall the security or payment of the Missouri bonds or interest be impairedby the failure of the governing body of the Kansas district to provideannual tax levies in order to provide funds for the payment of such bondsand interest. All payments of such bonds and interest shall be made throughthe banking house or trust company designated in said bonds.
History: L. 1949, ch. 251, § 8; April 14.