Printable Format13-1242. Same; payment; rates and charges; sinking fund. Provision shall be made by the governing body of such city for the payment of said bonds, by fixing rates and charges for the use of and the services to be rendered by such property and facilities, which rates and charges so fixed shall be sufficient to pay all expenses of the city in connection therewith and cover the cost of operation and repairs, pay all interest charges upon all indebtedness created for the purpose of improving, constructing, reconstructing, repairing or improving of such public levee and the improvements and facilities thereon for which such revenue bonds were issued to so improve, construct, reconstruct or repair and to provide a sinking fund sufficient to pay off such indebtedness at maturity.
History: L. 1933, ch. 43, ยง 5 (Special Session); November 21.
Attorney General's Opinions:
Cities; public utilities; formation of limited partnership to construct wind turbine system. 81-160.
CASE ANNOTATIONS
1. Act constitutional; bonds held issued in conformity herewith and not general obligation of city. State, ex rel., v. Kansas City, 148 Kan. 623, 624, 625, 84 P.2d 409; 149 Kan. 252, 253, 254, 255, 256, 86 P.2d 476.
2. Income from market may be expended to procure new tenants. State, ex rel., v. Kansas City, 151 Kan. 2, 8, 98 P.2d 101.
3. Lease of part of Kansas City levee construed and held valid. State, ex rel., v. McCombs, 156 Kan. 391, 393, 394, 397, 401, 403, 404, 133 P.2d 134.