96.490 Bonds for extensions and improvements. - Kentucky Statutes

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96.490 Bonds for extensions and improvements. Any city acquiring any waterworks pursuant to the provisions of KRS 96.350 to 96.510
may, at the time of issuing the bonds for such acquisition, provide for additional bonds
for extensions and permanent improvements to be placed in escrow and to be negotiated
from time to time as proceeds for that purpose may be necessary, or the city may, at any
time, provide for the extension, addition or improvement of the waterworks by an
additional issue of bonds. Bonds placed in escrow shall, when negotiated, have equal
standing with the bonds of the same issue. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741L-15, 2741L-16, 2741L-37, 2741L-38.