KRS 177.780: Sale of bonds -- Conditions.

If the question submitting KRS 177.700 to 177.820 to the people at said election on

November 8, 1960, shall have been in the form set forth in KRS 177.740, then from and

after the proclaiming by the Governor that KRS 177.700 to 177.820 has been approved

and is in effect, any unissued bonds of the issue for highways, bridges and tunnels, as

proposed by KRS 177.580 to 177.630, approved and authorized by the voters at the

election held on November 6, 1956, as aforesaid, may be sold and issued by the

commission, at one (1) time or from time to time, in strict conformity with all provisions

of said KRS 177.580 to 177.630, with the sole exception that pursuant to the voters'

authorization and approval of KRS 177.700 to 177.820, the heretofore prevailing interest

rate limitation of three percent (3%) per annum may be disregarded and any or all of said

bonds may be sold and issued to bear any interest rate or not exceeding the then

prevailing maximum rate as prescribed by statute in and for the Commonwealth

generally.