177.780 Sale of bonds -- Conditions. - Kentucky Statutes

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177.780 Sale of bonds -- Conditions. If the question submitting KRS 177.700 to 177.820 to the people at said election on
November 8, 1960, shall have been in the form set forth in KRS 177.740, then from and
after the proclaiming by the Governor that KRS 177.700 to 177.820 has been approved
and is in effect, any unissued bonds of the issue for highways, bridges and tunnels, as
proposed by KRS 177.580 to 177.630, approved and authorized by the voters at the
election held on November 6, 1956, as aforesaid, may be sold and issued by the
commission, at one (1) time or from time to time, in strict conformity with all provisions
of said KRS 177.580 to 177.630, with the sole exception that pursuant to the voters'
authorization and approval of KRS 177.700 to 177.820, the heretofore prevailing interest
rate limitation of three percent (3%) per annum may be disregarded and any or all of said
bonds may be sold and issued to bear any interest rate or not exceeding the then
prevailing maximum rate as prescribed by statute in and for the Commonwealth
generally. Effective: June 16, 1960
History: Created 1960 Ky. Acts ch. 106, sec. 10, effective June 16, 1960.