United States — Kentucky Act or statute

United States — Kentucky legislation

KRS § 97.220 Refunding and additional bonds.

A city may issue refunding bonds, and additional bonds may be authorized if the original bonds are found insufficient, both subject to the procedure in KRS 97.100 to 97.240.

bond issuancerefunding debt

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“A city may issue refunding bonds, and additional bonds may be authorized if the original bonds are found insufficient, both subject to the procedure in KRS 97.100 to 97.240.”

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KRS § 97.220 Refunding and additional bonds.

A city may issue refunding bonds, and additional bonds may be authorized if the original bonds are found insufficient, both subject to the procedure in KRS 97.100 to 97.240.

Section 97.220

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§ 97.220KRS § 97.220 Refunding and additional bonds.Provision

A city may issue refunding bonds, and additional bonds may be authorized if the original bonds are found insufficient, both subject to the procedure in KRS 97.100 to 97.240.

97.220 Refunding and additional bonds. (1) The city may issue new bonds for the purpose of providing funds for the payment of any outstanding bonds, subject to the procedure described in KRS 97.100 to 97.240. The new bonds shall be secured to the same extent and shall have the same source of payment as the bonds that are refunded. (2) If the legislative body of the city finds that the original bonds authorized will be insufficient to accomplish the purpose desired, additional bonds may be authorized and issued subject to the procedure described in KRS 97.100 to 97.240. Effective: October 1, 1942 History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2741p-23.
Section 97.220Verify source

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