68-1227. Same; tax levy; issuance of warrants; interest, registration and redemption.
68-1227
68-1227. Same; tax levy; issuance of warrants; interest,registration and redemption.Whenever no-fund warrants are issued under the authority provided bythis act, the board of county commissioners shall make a tax levy at thefirst tax levying period after such warrants are issued, sufficient topay such warrants and the interest thereon. All such tax levies shall bein addition to all other levies authorized or limited by law and shallnot be subject to the aggregate tax levy prescribed by K.S.A. 79-1947or acts amendatory thereof orsupplemental thereto. Such warrants shall be issued, bear such interest,registered, redeemed in the manner and in the form prescribed by K.S.A.79-2940 or any actsamendatory thereof or supplement thereto, except that they shall notbear the notation required by said K.S.A. 79-2940 and may be issuedwithout the approval of the state commission of revenue and taxation.Any surplus existing after the redemption of such warrants shall behandled in the manner prescribed by said K.S.A. 79-2940.
History: L. 1947, ch. 355, § 3; April 4.