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.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
