269.020 Payment of assessment and release from liability for refunding bonds.
128 words·~1 min read·
/ky/chapter-269/269-020A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If provisions are made for the issuance of refunding bonds, any property owner may,
at any time within two
(2)weeks after the order providing for their issuance is
made, pay the full amount of uncollected principal tax or assessment chargeable to
his property for the payment of the bonds proposed to be refunded, and upon
payment thereof his property shall be released from the tax or assessment for the
payment of the refunding bonds, but shall remain subject to additional taxes levied
by the district.
(2)Any owner failing to avail himself of the privilege of paying in full the unpaid
principal tax or assessment against his property, shall not be heard to complain of
additional interest to be collected from his property for refunding bonds.