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

181.700 Bonds to be lawful investments -- Tax-exempt.

47 words·~1 min read·/ky/chapter-181/181-700

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

(1)The bonds shall be lawful investments of banks, trust companies, trustees, and of

commissioners of the sinking fund of municipalities and counties, and shall be

acceptable as security for the deposit of public money.

(2)The bonds and the income thereof shall be exempt from taxation.