KRS 106.170: Additional bonds for extensions and permanent improvements.

Any water district or city acquiring any waterworks pursuant to the provisions of this act

may, at the time of issuing the bonds for such acquisition, provide for additional bonds

for extensions and permanent improvements to be placed in escrow and to be n egotiated

from time to time as proceeds for that purpose may be necessary, or the water district or

city may, at any time, provide for the extension, addition or improvement of the

waterworks by an additional issue of bonds. Bonds placed in escrow shall, w hen

negotiated, have equal standing with the bonds of the same issue.