98.160 Appointment of new commission or continuance of old commission.
151 words·~1 min read·
/ky/chapter-98/98-160A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)If a commission is in existence at the time a bond issue is authorized, the
commission and its successors shall continue any work provided for in KRS 98.040
to 98.170, and shall have all the rights granted to the commission in the first
instance. All of its property of every kind shall be vested in it as a corporation and
the corporation shall be a continuance of the corporation then existing under any
former act of the general assembly theretofore passed.
(2)If no commission exists at the time any bond issue is authorized, a new commission
may be appointed and the provisions of KRS 98.040 to 98.170 shall apply to each
new issue of bonds and to each new commission and the continuance of the work of
the commission and to the carrying out of the work of KRS 98.040 to 98.170, the
same as in the first instance.