Kentucky Statutes 173.090 – City may guarantee library bonds
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(1) If bonds are issued as provided in KRS § 173.030 to KRS § 173.100, the city in which the library is located may, by ordinance, guarantee the bonds, either as to principal or interest or both.
(2) When the ordinance guaranteeing the bonds is enacted by the city, the bonds shall be indorsed “guaranteed” and the name of the city attached and the guarantee shall be signed by the mayor and attested by the director of finance, and stamped with the proper seal of the city.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2801b-10.
(2) When the ordinance guaranteeing the bonds is enacted by the city, the bonds shall be indorsed “guaranteed” and the name of the city attached and the guarantee shall be signed by the mayor and attested by the director of finance, and stamped with the proper seal of the city.
Terms Used In Kentucky Statutes 173.090
- City: includes town. See Kentucky Statutes 446.010
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 2801b-10.