184.240 Authority to issue apportionment warrants or road district bonds. - Kentucky Statutes

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184.240 Authority to issue apportionment warrants or road district bonds. In order to obtain funds sufficient to pay for the construction of the proposed
improvement, or sufficient to pay for the reasonable maintenance of the road, being the
balance required after the receipt of full cash payments and initial installment payments,
but not including in such balance payments due from owners who failed or refused to
make full cash payments or to enter into installment payment agreements, the board of
directors may, in its discretion, provide by resolution for the issuance of interest-bearing
apportionment warrants against each parcel of property or may direct the issuance and
sale of road district bonds, as hereinafter provided. No bonds shall be issued unless the
aggregate amount of installment payments, subsequent to the first cash payment is one
thousand dollars ($1000) or more. History: Amended 1968 Ky. Acts ch. 55, sec. 10. -- Created 1942 Ky. Acts ch. 65, sec. 24.