24-622. Resolution for bond issue. Before issuing any bonds the board shall pass a formal resolution in which shall be found and declared (1) the total amount of the tax as confirmed (both by the original and by the supplemental assessment, if any), (2) and the total amount of the deductions if any thereon, (3) the estimated cost of collection, and (4) the total amount of the next tax available for the payment of the principal and interest on the bonds the district shall intend to issue. The board shall then in said resolution divide the total levy theretofore made into convenient installments, and opposite each shall set the year in which they shall become payable respectively. The board shall then (in said resolution) authorize the bonds which the district proposes to issue, fixing the terms, date and maturities thereof in such a manner that the installments of tax will be sufficient to pay the corresponding installments of bonds as and when they become due. In the same resolution the board shall provide that in due time, manner and season it will cause the annual levy to be made in compliance with such resolution, and thereupon the fund to the extent that it may be necessary to pay said bonds shall be pledged and hypothecated to the payment of said bonds which said pledge and hypothecation to the amount so expressed and declared shall be superior to any other charge against the same.
History: L. 1911, ch. 168, ยง 2; May 22; R.S. 1923, 24-622.
Structure Kansas Statutes
Chapter 24 - Drainage And Levees
Article 6 - Drainage In One Or More Counties
24-601a Inclusion of land located in other benefit districts.
24-602 Summons to owners of real estate.
24-605 Elections, supervisors and bonds and no-fund warrant issues; vacancies.
24-606a Annual election of supervisors; notice.
24-608 Organization of board of supervisors; district treasurer; county treasurer's duties.
24-610 Drain commissioner; term; duties; bond; oath.
24-611 Annexation of land to district; procedures; limitations.
24-611a Agreements to allow drainage from land located outside district.
24-612 Rights of way and removal of obstructions in streams; eminent domain proceedings.
24-613 Hearing of objections to report of engineer; notice; filing of report.
24-614 Who may file objections to report; adjournments of hearings.
24-616 Hearings to objections to engineer report; costs; fees.
24-617 Appeal from decision of board; bond; transcript; procedure.
24-618 Tax levies; installments; correction of assessments; certification of levies.
24-619 Supplemental assessments.
24-620 Expenses apportioned to street, highway or railroad; collection.
24-621 Issuance of bonds; levy to pay bonds; temporary loan.
24-622 Resolution for bond issue.
24-623 Lien of assessments; sinking fund.
24-624 Sale of bonds; use of proceeds; deposit of money.
24-625 Powers and duties of board; works affecting highway, railroad or state property.
24-628 Outlet or discharge of more than one district into stream; apportionment of cost.
24-629 Outlet for lateral drains.
24-630 Subdistrict where land separated from drainage; petition.
24-633 Compensation and expenses of officers and employees.
24-635 Overseers; appointment; powers and duties.
24-636 Civil liability for obstructing or injuring property; penalty.
24-637 Construction of act; defects in assessments; modification of assessments.
24-638 Contest of assessments.
24-639 District to be body politic and corporate; corporate name; general powers.
24-640 Construction of act; petition required, when.
24-641 Legalizing drainage districts created by district court or board of county commissioners.
24-641a Same; special election of officers, when.
24-642 Same; boundaries legalized.
24-643 Same; bond issues legalized.
24-644 Same; tax levies and assessments legalized.
24-645 Same; acts done in conformity to law legalized.
24-646 Same; application of act.
24-648 Same; duties of trustees.
24-649 Same; how funds secured by trustees; tax levy.
24-650 Same; notice of disorganization; filing of claims.
24-651 Same; funds for payment of claims.
24-652 Same; care and sale of property.
24-653 Same; final report and discharge of trustees.
24-654 Renewal, extension and restoration of articles of incorporation; petition to court; record.
24-655 Same; validation of prior acts; vesting of property rights and credits; liabilities.
24-656 Drainage districts organized with territory in two or more counties; definitions.
24-658 Same; petition by verified landowners; county clerk to furnish record of ownership, when.
24-658a Inclusion of land located in other benefit districts.
24-659 Same; contents of petition; form; map.
24-664 Same; district as body politic and corporate; powers; designation of home office.
24-665a Same; annual meeting; notice; elections.