A CHARTER ORDINANCE EXEMPTING THE CITY OF ELLIS, KANSAS FROM THOSE PARTS OF K.S.A. 12-110B, WHICH SPECIFY THE TYPES OF OBLIGATIONS IN WHICH FIREFIGHTING EQUIPMENT FUNDS MAY BE INVESTED AND PROVIDING SUBSTITUTE AND ADDITIONAL PROVISIONS ON THE SAME SUBJECT.

Section 1.         The City of Ellis, Kansas, by the power invested in it by Article 12, Section 5, of the Constitution of the State of Kansas, hereby elects to make inapplicable to it and exempt itself from those part of K.S.A. 12-110b, which specify the types of obligations in which the funds of the firefighting equipment fund may be invested, which statute supplies to said city, but not uniformly to all cities, and the city hereinafter provides substitute and additional provisions on the same subject.

Section 2.         The governing body is authorized to invest any portion of such fire equipment fund which is not currently needed in any of the following:

Direct obligations of the United States Government which are guaranteed as to principal by the United States Government;

Temporary notes of the City of Ellis issued pursuant to K.S.A. 12-110b, which specify no-fund warrants of the City of Ellis.

(04-28-1966)