Kentucky Statutes 181.790 – Trustee and bondholders may bring actions to protect rights
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Any holder of the bonds or coupons attached thereto, and the trustee, unless the rights given by this section are restricted by resolution passed before the issuance of the bonds or by the trust indenture, may bring an action, either at law or in equity, to protect and enforce any right granted under KRS § 181.560 to KRS § 181.840 or under such resolution or trust indenture and may enforce performance of all duties required by KRS § 181.560 to
181.840, or by such resolution or trust indenture to be performed by the city issuing the bonds, or by the commission or any officer thereof, including the fixing, charging and collecting of tolls for transit over the bridge.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 3235g-22.
181.840, or by such resolution or trust indenture to be performed by the city issuing the bonds, or by the commission or any officer thereof, including the fixing, charging and collecting of tolls for transit over the bridge.
Terms Used In Kentucky Statutes 181.790
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Bridge: includes the bridge and the approaches thereto. See Kentucky Statutes 181.010
- City: includes town. See Kentucky Statutes 446.010
- Trustee: A person or institution holding and administering property in trust.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 3235g-22.