1. (a) For the purpose of obtaining funds for the reconstruction, repair and equipment of township buildings, a township board may issue general obligation bonds as follows:

   1. (1) For any township with a population of not more than 5,000, the township board is authorized to issue general obligation bonds in an amount not to exceed 1% of the assessed tangible valuation of such township;
   2. (2) for any township with a population of more than 5,000 but not more than 10,000, the township board is authorized to issue general obligation bonds in an amount not to exceed 5% of the assessed tangible valuation of such township; and
   3. (3) for any township with a population of more than 10,000, the township board is authorized to issue general obligation bonds in an amount not to exceed 10% of the assessed tangible valuation of such township.
   4. (c) * No township shall issue any such bonds until and after an election therefor has been held in accordance with the provisions of K.S.A. 80-104 and 80-105, and amendments thereto.

L. 1949, ch. 507, § 1; L. 2025, ch. 3, § 1; July 1.