KRS 164.520: Irredeemable bond for benefit of University of Kentucky and Kentucky

State University.

The bond issued by the commissioners of the sinking fund to themselves as trustees for

the University of Kentucky and Kentucky State University, bearing date July 1 , 1897, for

the sum of $165,000 and bearing interest at the rate of six percent (6%), payable

semiannually, remains in force and constitutes a perpetual obligation of the

Commonwealth, and the interest thereon is a perpetual charge upon the Treasury. The

Finance and Administration Cabinet shall, on the first day of January and on the first day

of July each year, draw its warrant on the State Treasurer for the sum of $627.75 in favor

of the treasurer of Kentucky State University, and its warrant on the State Treasurer for

the sum of $4,322.25 in favor of the treasurer of the University of Kentucky.