97.190 Receiver in case of default. - Kentucky Statutes

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97.190 Receiver in case of default. If there is a default in the payment of the principal or interest of any of the bonds, any
court having jurisdiction may appoint a receiver to administer the project on behalf of the
city, with power to charge and collect rates for the services rendered and for the use of or
admission to the project sufficient to provide for the payment of any bonds or obligations
outstanding and for payment of the operating expenses. The receiver shall apply the
revenue in conformity with KRS 97.100 to 97.240. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2741p-20.