The township board of any township located in any county having a population of more than five thousand five hundred (5,500) and not more than six thousand five hundred (6,500) and a taxable tangible valuation of not more than twenty-five million dollars ($25,000,000) is hereby authorized to issue no-fund warrants of such township for the purpose of paying any judgment rendered against such township in an amount necessary for the payment thereof.
K.S.A. 80-118