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Marginalia
Code · Kentucky · Chapter 96 — Utilities in cities

96.850 Power of municipality to issue general obligation bonds.

65 words·~1 min read·/ky/chapter-96/96-850

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

Any municipality is hereby authorized and empowered to issue general obligation bonds under the limitations imposed by Section 158 of the Constitution for carrying out the purposes of KRS 96.550 to 96.900, but general obligation bonds shall not be issued for such purposes without the assent of two-thirds (2/3) of the voters voting in an election conducted in the manner set out in KRS 96.640.
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