Code · Kentucky · Chapter 181 — County and city bridges, tunnels, and ferries

181.670 Interest on bonds -- Maturity -- Redemption before maturity.

70 words·~1 min read·/ky/chapter-181/181-670

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The bonds shall bear interest at a rate or rates or method of determining rates,

payable at least annually, and shall mature not more than thirty

(30)years from the

date of their issuance, at a date fixed by the commission.

(2)The bonds may be made redeemable before maturity, at the option of the

commission, under terms fixed by the commission prior to the issuance of the

bonds.