173.060 Meetings of board -- Incurring of liabilities. - Kentucky Statutes

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173.060 Meetings of board -- Incurring of liabilities. The board shall meet at least once each month for the transaction of its business. A
majority of the board shall constitute a quorum, but no appropriation of money, except for
ordinary or current expenditures, shall be made without the affirmative vote of a majority
of its members. Except for the purpose of erecting the library building, the board of
trustees shall not incur liabilities for any current year in excess of its annual income,
including gifts and donations and unexpended balances from previous years. Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2801b-4.