City of Goodland v. Nation

Citations

• 82 Kan. 200
• 107 P. 542

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Cities — Bonded Indebtedness — Limitation. Section 1 of chapter . 91 of the Laws of 1909 and section 8 of chapter 62 of the Laws of 1909, as to the provisions relating to the amount of bonds thereby authorized to be issued by cities of the second or third class, are construed as one act, and limit the amount of bonds which may be issued to one and one-half per centum of the assessed value of taxable property in the city for the year previous to the issuance of the bonds, except, as provided in chapter 91, such cities may issue bonds in an amount not to exceed the existing floating indebtedness of such city, such bonds to be used in the redemption of the orders, warrants and scrip of such city outstanding May 1, 1909.</p>