173.090 City may guarantee library bonds.
84 words·~1 min read·
/ky/chapter-173/173-090A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If bonds are issued as provided in KRS 173.030 to 173.100, the city in which the
library is located may, by ordinance, guarantee the bonds, either as to principal or
interest or both.
(2)When the ordinance guaranteeing the bonds is enacted by the city, the bonds shall
be indorsed "guaranteed" and the name of the city attached and the guarantee shall
be signed by the mayor and attested by the director of finance, and stamped with the
proper seal of the city.