KRS 177.790: Bonds to mature in thirty years -- Other details to be established by the

State Property and Buildings Commission.

If KRS 177.700 to 177.820 be approved by a majority of the votes cast thereon at said

election, the initial date of issue of the 1960 bo nds shall be established by resolution of

the State Property and Buildings Commission prior to the first issuance and sale of any of

said bonds; and thereafter all of the 1960 bonds, whenever issued, shall be dated as of

said date, and shall mature as to p rincipal on or prior to the thirtieth (30th) anniversary

thereof. The bonds shall be sold for not less than par or face amount and shall bear

interest at such rate or rates, but not to exceed the rate referred to in KRS 177.780, as said

commission may determine, and interest may be made payable semiannually. The bonds

may be issued at one time or from time to time as the State Property and Buildings

Commission may determine by its resolution or resolutions; and said commission shall in

its discretion determ ine all details thereof, including but not by way of limitation, their

denominations, whether the bonds shall be of term or serial maturities, and the amount

which shall mature on any serial maturity date; whether the bonds, or any of them, shall

be subject to redemption prior to stated maturities and upon what terms; place or places

of payment of principal and interest, which may be within the Commonwealth or outside

thereof; whether interest shall be evidenced by annexed coupons; whether the bonds shall

be registered or registrable as to principal or interest, or both, and any other details not

contrary to law or inconsistent with KRS 177.700 to 177.820 which in the discretion of

said commission may appear wise and expedient.