HOUSE BILL No. 2708
sition of property and the issuance of bonds; amending K.S.A. 19-2874 and repealing
Section 1. K.S.A. 19-2874 is hereby amended to read as follows: 19-
2874. The park district may issue bonds to acquire real estate and may
issue bonds to improve the park system or any part thereof: Provided,
That. The board may submit the question of the issuance of bonds to
acquire real estate and for the improvement thereof may be provided for
in one proposition: Provided further, That. No bonds shall be issued un-
less authorized by a majority of all the votes cast on the proposition by
the qualified electors of the district at an election called and held for the
purpose. A proposition to acquire real estate shall describe any real estate
to be acquired and the location thereof for any given park or playground
site. Any propositions The proposition shall specify the purpose for which
the bonds are to be issued and the school district within which any real
estate proposed to be acquired is located. Any proposition for bonds for
improvements shall describe the kind or kinds of improvements proposed
to be made but need not specify the amounts to be spent for any given
improvements. The bonded indebtedness of the park district shall not
exceed one and one-half percent (11/2%) 11/2% of the assessed taxable
tangible valuation of the park district at any one time. Except as otherwise
provided, all bonds shall be issued as provided by the general bond law
in article 1 of chapter 10 of the Kansas Statutes Annotated and amend-
ments thereto except as otherwise provided by this act. All bonds issued
under this act shall be general obligations of the park district and the park
board shall levy taxes upon all assessed taxable tangible property within
the park district to pay the bonds and interest thereon as the same mature
and come due.
Sec. 2. K.S.A. 19-2874 is hereby repealed.
Sec. 3. This act shall take effect and be in force from and after its
publication in the statute book.
Approved April 9, 2002.
Date Composed: 10/10/2002 Date Modified: 10/10/2002