162.180 Bonds -- Interest on -- When payable -- How sold.
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/ky/chapter-162/162-180A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All bonds issued under the provisions of KRS 162.170 for common school purposes may bear 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 thirty
(30)years from the date of issue, and at a place as the governing body of the city determines. The bonds shall be sold in a manner and upon terms as the governing body of the city deems for the best interest of the city.