Kentucky Statutes 180.170 – Department may contract to maintain bridges and not to alienate them
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The department may covenant in connection with any issue of bonds that as long as the bonds are outstanding it will not sell, mortgage or make any other disposition of the bridge property for which the bonds are issued and that it will maintain and continuously operate the bridge or bridges in the project for which the bonds are issued.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 4356s-31.
Effective: October 1, 1942
Terms Used In Kentucky Statutes 180.170
- Department: means Department of Highways. See Kentucky Statutes 180.010
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 4356s-31.