The city of Belleville, a city of the second class, who and by virtue of the power vested in it by Article 12, Section 5 of the Constitution of the state, hereby elects to exempt itself and does hereby exempt 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 inapplicable to the city insofar as such statutes require the city to maintain fixed asset records and accountings.

(Charter Ord. 4 § 1, 1979)