17-2352. Bonds of municipality; resolution; terms and conditions. Bonds of a municipality shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, not exceeding the maximum rate prescribed by K.S.A. 10-1009, to be in such denomination or denominations, be in such form either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution, its trust indenture or mortgage may provide.
The bonds may be sold at public or private sale at not less than par.
In case the commissioners or officers of the municipality or authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of the bonds, their signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if the commissioners or officers had remained in office until such delivery. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to this act shall be fully negotiable.
In any suit, action or proceedings involving the validity or enforceability of any bond issued pursuant to this act or the security therefor, any such bond reciting in substance that it has been issued by the municipality pursuant to this act shall be conclusively deemed to have been issued for such purpose and the housing project in respect to which such bond was issued shall be conclusively deemed to have been planned, located and carried out in accordance with the purposes and provisions of this act.
History: L. 1957, ch. 132, § 16; L. 1970, ch. 64, § 46; L. 1973, ch. 96, § 12; July 1.
Structure Kansas Statutes
Article 23 - Development Credit Corporations; Housing Laws
17-2328 Organizations to provide development credit; creation.
17-2329 Same; purposes and powers.
17-2331 Same; directors; election; removal; vacancies; oaths.
17-2334 Same; restrictions on deposits.
17-2335 Same; supervision by bank commissioner.
17-2338 Legislative findings; declaration of necessity.
17-2340 Housing authority by municipalities; creation; delegation of authority; powers.
17-2343 Removal of commissioners, when; hearing.
17-2344 Determinations by governing body.
17-2345 Powers of governing body.
17-2346 Operation of housing projects; nonprofit; fixing rentals; non-dwelling facilities, rental.
17-2347 Housing rentals and tenant admissions; non-dwelling facilities, tenants and rental.
17-2348 Cooperation between municipalities and housing authorities.
17-2349 Municipal housing; exemption from special assessments; payments in lieu of taxes.
17-2350 Planning, zoning and building laws.
17-2351 Issuance of revenue bonds; types; exempt from taxation.
17-2352 Bonds of municipality; resolution; terms and conditions.
17-2353 Same; bond provisions; trust indentures; mortgages.
17-2354 Remedies of an obligee.
17-2355 Same; additional remedies conferrable by municipality.
17-2356 Exemption of property from execution sale, when.
17-2357 Aid from federal government.
17-2358 Transfer of possession or title to federal government; contracts.
17-2359 Validity of bonds; certificate of auditor of state.
17-2361 Acquisition of property; eminent domain.
17-2362 Aid and cooperation in planning, constructing or operating projects.