KRS 165.080: Bond issue question may be submitted to voters.

The board of aldermen of any city of the first class may adopt an ordinance submitting to

the voters of the city at any regular election held in the city the question of whether or not

bonds of the city shall be issued for the benefit of the municipal univ ersity if the

ordinance is filed with the county clerk not later than the second Tuesday in August

preceding the regular election. Authorization of the bond issue and submission of the

question to the voters may be by one (1) ordinance and at one (1) elect ion covering the

entire amount of the bonds or it may be by different ordinances authorizing different

elections at different times for parts of the total amount. The ordinance shall provide the

date and maturity of the bonds, the rate of interest they sha ll bear and the total amount to

be then issued, and shall contain the necessary details with reference to the execution and

delivery of the bonds, their denominations, coupons to be attached, and taxes to be levied

to pay interest and to create a sinking fund to retire the bonds at maturity. A failure of the

voters at one (1) election to authorize a bond issue shall not prevent submission of the

question of issuing bonds at subsequent elections.