KRS 162.180: Bonds -- Interest on -- When payable -- How sold.

All bonds issued under the provisions of KRS 162.170 for common school purposes may

bear interest at a rate or rates or method of determining rates, payable at least annually,

and shall be executed in a manner and be payable at times, not exceeding thirty (30) years

from the date of issue, and at a place as the governing body of the city determines. The

bonds shall be sold in a manner and upon terms as the governing body of the city deems

for the best interest of the city.