12-5227. Pledge of bonds. Any pledge made to secure bonds shall be valid and binding from the time when the pledge is made. The revenues and receipts or property or interests in property pledged and thereafter received by a city or county, trustee or custodian shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act, and the lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract or otherwise against such city or county, trustee or custodian, irrespective of whether the parties have notice thereof. Neither the ordinance, nor any other instrument by which a pledge is created, need be recorded.
History: L. 1982, ch. 60, ยง 9; April 22.
Structure Kansas Statutes
Chapter 12 - Cities And Municipalities
Article 52 - Local Residential Housing
12-5220 Legislative findings; declaration of necessity.
12-5222 Powers of cities and counties.
12-5224 Bonds; adoption of ordinance; interest rate; terms and conditions.
12-5225 Ordinance authorizing issuance of bonds; covenants.
12-5226 Bonds; signatures of officers; validity.
12-5228 Payment of bonds; bonded debt limitations inapplicable.
12-5229 Same; no personal liability.
12-5231 Interlocal cooperation; limitations.
12-5232 Bonds as legal investments.
12-5233 Powers of cities and counties; federally assisted housing.
12-5235 Act liberally construed.
12-5242 Rural housing incentives; definitions.
12-5245 Same; adoption of development or redevelopment plan; contents; hearing, notice.
12-5246 Same; nullification of plan, when.
12-5247 Same; acquisition of property; sale or lease to developer; relocation assistance.
12-5249 Same; bond proceeds; limitations on use.
12-5250 Same; taxation within district; collection and distribution.
12-5252 Same; exemption from certain requirements for certain cities.