Kentucky Statutes 96.380 – Interest rate and maturity of bonds
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Bonds may be issued bearing interest at a rate or rates or method of determining rates, payable at least annually, and shall be executed in a manner and be payable at times not exceeding forty (40) years from the date of issue and at the place or places as the city legislative body determines.
Effective: July 15, 1996
History: Amended 1996 Ky. Acts ch. 274, sec. 21, effective July 15, 1996. — Amended
1968 Ky. Acts ch. 110, sec. 11. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. secs. 2741l-4, 2741l-26.
Effective: July 15, 1996
Terms Used In Kentucky Statutes 96.380
- City: includes town. See Kentucky Statutes 446.010
History: Amended 1996 Ky. Acts ch. 274, sec. 21, effective July 15, 1996. — Amended
1968 Ky. Acts ch. 110, sec. 11. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective
October 1, 1942, from Ky. Stat. secs. 2741l-4, 2741l-26.