Kentucky Statutes 181.680 – Bonds to be paid from bridge revenues only
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(1) The principal and interest on the bonds shall be payable solely from the special fund provided for their payment.
(2) The bonds shall contain a statement on their face that the city shall not be obligated to pay the principal or interest thereon except from the revenues of the bridge.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 3235g-17.
(2) The bonds shall contain a statement on their face that the city shall not be obligated to pay the principal or interest thereon except from the revenues of the bridge.
Terms Used In Kentucky Statutes 181.680
- Bridge: includes the bridge and the approaches thereto. See Kentucky Statutes 181.010
- 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. 3235g-17.