Printable Format10-112. Bonds required to be printed; recitals. All municipal bonds shall, unless otherwise approved by the attorney general, be composed in type and printed. Such bonds shall constitute a general obligation of the municipality issuing the same and shall recite the authority under which they are issued and that they are issued in conformity with the provisions, restrictions and limitations thereof and that such bonds and the interest thereon are to be paid by such municipality, and such recital when said bonds have been duly registered as herein provided, shall import absolute verity and shall be conclusive in favor of all persons purchasing said bonds, that all proceedings and conditions precedent have been had and performed to authorize the issuance of such bonds and such bonds shall be negotiable.
History: R.S. 1923, § 10-112; L. 1978, ch. 46, § 1; July 1.
Source or prior law:
See "Revisor's Note" under 10-101.
CASE ANNOTATIONS
1. Cited in denying injunction to protect security for municipal bonds. Rittenoure Inv. Co. v. Birney, 150 Kan. 684, 686, 95 P.2d 299.
2. Disorganized school-district territory not liable for debts of district to which attached. Hunziker v. School District, 153 Kan. 102, 106, 109 P.2d 115.
3. Applied; Laws 1945, chapter 179 (K.S.A. 19-2731 through 19-2752) relating to sewer district bonds, constitutional. Johnson County Comm'rs v. Robb, 161 Kan. 683, 695, 171 P.2d 784.
4. Discussed; various objections to bond issue considered; injunction denied. Lewis v. City of South Hutchinson, 162 Kan. 104, 110, 174 P.2d 51.
5. Ordinance, notice of election and ballot must show statute under which bond election held. Eastern Kansas Utilities, Inc., v. City of Paola, 165 Kan. 558, 566, 567, 196 P.2d 199.
6. Township cannot issue bonds without express or clearly implied statutory authority. Township Board of Ash Creek v. Robb, 166 Kan. 138, 139, 199 P.2d 521.
7. Cited to show necessity for temporary injunction to enjoin selling of bonds. Morton Salt Co. v. City of South Hutchinson, 159 F.2d 897, 899, 903.
8. Where bonds have been issued and sold it is too late to ask court to enjoin issuance or ask for return thereof. Watters v. Joint Rural High School District No. 5, 191 Kan. 2, 5, 378 P.2d 1021.
9. Hospital bond election void; failure to comply with statutory requirements; mandamus and declaratory judgment denied. State, ex rel., v. Kerns, 210 Kan. 579, 585, 502 P.2d 639.
10. Referred to in determining city ordinances to implement industrial revenue bonds administrative in character; not subject to K.S.A. 12-3013. Rauh v. City of Hutchinson, 223 Kan. 514, 518, 575 P.2d 517.
11. Where bearer notes or bonds have signature of registrar, purchaser has no duty to look beyond. Farmers State Bank & Trust Co. of Hays v. City of Yates Center, 229 Kan. 330, 339, 341, 346, 624 P.2d 971.