162.220 Receiver in case of default. - Kentucky Statutes

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162.220 Receiver in case of default. If there is any default in the payment of the principal or interest on any of the bonds, any
court having jurisdiction of the action may appoint a receiver to administer the school
building on behalf of the city, with power to charge and collect rentals sufficient to
provide for the payment of any bonds or obligations outstanding against the school
building and for the payment of the operating expenses, and to apply the income and
revenues in conformity with KRS 162.150 to 162.280, and the ordinance referred to in
KRS 162.170 and 162.230. Effective: July 13, 1990
History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 564, effective July 13, 1990. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942,
from Ky. Stat. sec. 4421-11.