A CHARTER ORDINANCE EXEMPTING THE CITY OF PEABODY, KANSAS, FROM THE PROVISIONS OF THE 1978 SUPPLEMENTS TO KANSAS STATUTES ANNOTATED 75-1117, 75-1120, 75-1121 and 75-1122, SO AS NOT TO REQUIRE SAID CITY TO MAINTAIN FIXED ASSET RECORDS AND ACCOUNTS.

BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF PEABODY, KANSAS:

SECTION 1. That the City of Peabody, Kansas, a city of the third class, who and by virtue of the power vested in it by Article 12, Section 5, of the Constitution of the State of Kansas, hereby elects to exempt itself and hereby exempts itself from the provisions of K.S.A. 75-1117, 75-1120, 75-1121 and 75-1122, as amended by the 1978 supplements thereto, and makes said statutes unapplicable to said city insofar as said statutes require the City of Peabody, Kansas, to maintain fixed asset records and accountings.

(04-10-1979)