KRS 165.110: Bonds of officers to cover duties under bond issue.

The president and treasurer of the university shall each give bond with approved surety in

a sum fixed by the board of aldermen of the city. The bond shall be payable to the

university and obligate the makers to perform faithfully the duties of their offic es and

faithfully account for and pay over all money or other thing of value that may come into

their hands. The bonds shall be kept in force during the time any money received from the

bond issue provided for by KRS 165.080 is being handled or administere d by the

university or its officers.