96.010 Sale of public utility franchises by cities. - Kentucky Statutes

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96.010 Sale of public utility franchises by cities. (1) At least eighteen (18) months before the expiration of any franchise acquired under or prior to the present Constitution, the legislative body of each city shall provide
for the sale of a new franchise to the highest and best bidder on terms that are fair
and reasonable to the city, to the purchaser of the franchise and to the patrons of the
utility. The terms shall specify the quality of service to be rendered and, in cities of
the first class, the price that shall be charged for the service. (2) If there is no public necessity for the kind of public utility in question and if the city desires to discontinue entirely the kind of service in question, or if, in the case of
cities other than those of the first class, the city owns or desires to own and operate
a municipal plant to render the required service, this section shall not apply. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741-m, 3037d-1, 3037d-4, 3037d-6.