Kentucky Statutes 273.430 – General powers
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In order to accomplish its purposes, a community action agency may: (1) Borrow money for any of the purposes of the agency;
(2) Issue debentures, notes, or other evidences of indebtedness, whether secured or unsecured, and secure the same by mortgage, pledge, deed of trust, or other lien on its property, franchise, rights and privileges of every kind or nature or any part thereof or interest therein;
(3) Apply for and accept loans, grants, and other assistance from any entity, public or private, including but not limited to the Commonwealth and the United States; and
(4) Perform all acts and things necessary or convenient to carry out its purposes.
Effective: July 15, 1982
History: Amended 1982 Ky. Acts ch. 453, sec. 9, effective July 15, 1982. — Created
1974 Ky. Acts ch. 393, sec. 5.
(2) Issue debentures, notes, or other evidences of indebtedness, whether secured or unsecured, and secure the same by mortgage, pledge, deed of trust, or other lien on its property, franchise, rights and privileges of every kind or nature or any part thereof or interest therein;
Terms Used In Kentucky Statutes 273.430
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- Deed: The legal instrument used to transfer title in real property from one person to another.
- 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.
(3) Apply for and accept loans, grants, and other assistance from any entity, public or private, including but not limited to the Commonwealth and the United States; and
(4) Perform all acts and things necessary or convenient to carry out its purposes.
Effective: July 15, 1982
History: Amended 1982 Ky. Acts ch. 453, sec. 9, effective July 15, 1982. — Created
1974 Ky. Acts ch. 393, sec. 5.