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10-118. Sinking fund levy to pay bonds maturing at same time. Whenever any municipality has issued bonds the entire amount of which become due and payable at the same time, it shall be the duty of the proper officers of such municipality to levy in each year a sinking fund sufficient to pay the said bonds when due, in addition to the tax necessary to pay the interest thereon.

History: R.S. 1923, ยง 10-118; December 27.

Source or prior law:

See "Revisor's Note" under 10-101.

Attorney General's Opinions:

County-city consolidation; election of members of governing board, residential requirements; affect upon USD; bonded indebtedness, limitations. 97-30.

CASE ANNOTATIONS

1. County treasurer is custodian of school-district sinking fund. State, ex rel., v. Lewis, 138 Kan. 725, 727, 27 P.2d 250.


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