66.131 Signature on behalf of issuer -- Use of interest coupons.

346 words·~2 min read·/ky/chapter-66/66-131

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

(1)Bonds shall be signed on behalf of the issuer as follows:

(a)In the case of a city, urban-county, consolidated local government, or charter

county, by the chief executive officer and attested by the clerk of the

governmental body, or by the other officers as are designated to sign by the

legislation authorizing the bonds;

(b)In the case of a county, by the judge/executive or other chief executive officer

and attested by the fiscal court clerk, or by the officers of the county as are

designated to sign by the legislation authorizing the bonds; or

(c)In the case of a taxing district, by the officer of the issuer designated by the

legislation authorizing the bonds.

(2)If an officer designated to sign bonds or interest coupons pursuant to subsection

of this section is for any reason unable or unavailable to sign, another officer of the

issuer, designated by legislation passed by the issuer, may sign instead of that

officer.

(3)All signatures required by this section may be facsimile signatures.

(4)If an officer who has signed, manually or by facsimile signature, any bonds of an

issuer ceases to be the officer before the bonds so have been actually delivered, the

bonds may nevertheless be issued and delivered as though the person who has

signed the bonds had not ceased to be the officer. Any bonds may be signed as

provided in this section, on behalf of the issuer, by an officer who is the proper

officer of the issuer on the actual date of signing of the bonds, notwithstanding the

fact that at the date of the bonds or on the date of delivery of the bonds that person

was or is not the officer of the issuer.

(5)Bonds, other than fully registered bonds, may, in the discretion of the issuer, have

interest coupons attached or otherwise appertaining. The interest coupons shall be

signed on behalf of the issuer by the manual or facsimile signature of at least one

of the officers described in subsection

(1)of this section.