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Current as of January 01, 2025 | Updated by Findlaw Staff
Whenever any county, city, township or school district in this state shall owe any outstanding and unmatured bonds, and at the same time shall have in its treasury any sinking funds raised to pay such bonds, the proper officers of such county, city, township or school district may use such funds to purchase or pay any of such bonds and cancel the same, whenever they can be so purchased or paid at or below par, or at such reasonable price above par as may be requested by a majority of the resident taxpayers of such county, city, township or school district, and which request may be made by a written petition to that effect, directed to such officers.
Cite this article: FindLaw.com - Kansas Statutes Chapter 10. Bonds and Warrants § 10-1006. Sinking fund used to purchase bonds - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-10-bonds-and-warrants/ks-st-sect-10-1006/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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