Kansas § 19-2862f Lawful for depository bank to furnish indemnifying bond; rights and remedies of bondholders; expenses included as cost

Kansas Statutes

§ 19-2862f — Lawful for depository bank to furnish indemnifying bond; rights and remedies of bondholders; expenses included as cost

Kansas § 19-2862f

Ch. 19COUNTIES AND COUNTY OFFICERS

Art. 28PARKS, MUSEUMS, LAKES AND RECREATIONAL GROUNDS

This text of Kansas § 19-2862f (Lawful for depository bank to furnish indemnifying bond; rights and remedies of bondholders; expenses included as cost) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 19-2862f (2026).

Text

It shall be lawful for any bank or trust company incorporated under the laws of the state which may act as depository of the proceeds of bonds or of revenue to furnish such indemnifying bonds or to pledge such securities as may be required by the board. Any such trust agreement may set forth the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action by bondholders. In addition to the foregoing, any such trust agreement or resolution may contain such other provisions as the board may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of such trust agreement or resolution may be treated as a part of the cost of the operation of the real estate for the purpose of establishing 

Free access — add to your briefcase to read the full text and ask questions with AI

It shall be lawful for any bank or trust company incorporated under the laws of the state which may act as depository of the proceeds of bonds or of revenue to furnish such indemnifying bonds or to pledge such securities as may be required by the board. Any such trust agreement may set forth the rights and remedies of the bondholders and of the trustee, and may restrict the individual right of action by bondholders. In addition to the foregoing, any such trust agreement or resolution may contain such other provisions as the board may deem reasonable and proper for the security of the bondholders. All expenses incurred in carrying out the provisions of such trust agreement or resolution may be treated as a part of the cost of the operation of the real estate for the purpose of establishing golf courses and related facilities.