(1) The commission may purchase any toll bridge over a navigable stream so as to connect the city with an adjoining state, or any such toll bridge wholly or partly constructed, or any franchises, easements, permits or contracts for the construction of such bridges, upon terms and at prices considered by the bridge commission to be reasonable and that can be agreed upon between the commission and the owner.
(2) Title shall be taken in the name of the city, subject to such mortgage or other lien as the seller reserves under the provisions of KRS § 181.750.

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Terms Used In Kentucky Statutes 181.610

  • Bridge: includes the bridge and the approaches thereto. See Kentucky Statutes 181.010
  • City: includes town. See Kentucky Statutes 446.010
  • Contract: A legal written agreement that becomes binding when signed.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Owner: means any person having any title or interest in lands, structures, rights-of-way, franchises, easements or other interests in land. See Kentucky Statutes 181.010
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

(3) Upon the execution of any contract for the purchase of an existing bridge the seller shall be relieved from any obligation or duty theretofore imposed upon the owner by charter, legislative enactment, or otherwise to maintain and keep the bridge open to the public.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 3235g-12.