Leavenworth National Bank v. Reilly

Citations

• 97 Kan. 817
• 156 P. 747
• 1916 Kan. LEXIS 404

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. “Fiscal Year”- — -What it Emfiraees. The term “fiscal year” is the year embraced in the annual term for the opening and closing of financial accounts.</p> <p>2. Same — When “Fiscal Year” in Leavenworth County Begins. The “fiscal year” in Leavenworth county, for the regulation of its county finances and for the opening and closing of its financial accounts, begins on the second Tuesday in October of each year.</p> <p>S. County Warrants — Limitation of Issue. The issue of warrants in any one fiscal year to defray the general expenses of Leavenworth county is limited to the maximum revenues which the levy for that fiscal year will produce, and is determinable by a calculation applying the levy to the assessed valuation of the county.</p> <p>4. Same. The board of county commissioners of Leavenworth county has no power to issue county warrants for the payment of current expenses in excess of the revenues to be derived from the general tax levy made to meet such expenses.</p> <p>5. Same. The board of county commissioners of Leavenworth county has no power to issue county warrants in any one year to be redeemed by anticipating and impairing the revenue of succeeding years.</p> <p>•6. “Fiscal Year” — County Commissioners No Power to Change. The board of county commissioners of Leavenworth county has no power to change the beginning of the fiscal year from the second Tuesday of October, 1914, to January 1, 1915, to serve the temporary financial convenience of the county.</p> <p>7. Same — Certain Former Opinions Disapproved. The cases of Garfield Township v. Dodsworth, 9 Kan. App. 752, 58 Pac. 565, and Garfield Township v. Hubbell, 9 Kan. App. 785, 59 Pac. 600, disapproved as precedents governing the case at bar.</p> <p>8. Void County Warrants — Issued for Valid Indebtedness — May be Paid How. When county warrants have been issued in excess of the general maximum revenue fund for the current fiscal year, but for which the county got value r