KRS 177.810: Bonds exempt from taxation -- Designation of signing officers --

Temporary bonds or certificates -- No other approvals required.

The bonds and receipt of interest thereon shall be exempt from all taxation by the

Commonwealth and its political subdivis ions, municipalities, and taxing districts. The

bonds shall be signed in the name of the Commonwealth by the facsimile signatures of

the Governor and Treasurer of the Commonwealth, and the great seal of the

Commonwealth or a facsimile thereof shall be affi xed thereto and attested by the

validating manual signature of the Secretary of State, and the interest coupons, if any,

shall be executed by the facsimile signature of the Treasurer. In case any officer whose

signature or facsimile thereof shall appear on any bonds or coupons shall cease to be such

officer before delivery of the bonds, such signature or facsimile thereof shall,

nevertheless, be valid and sufficient for all purposes, the same as if he had remained in

office until delivery. All bonds issued under KRS 177.700 to 177.820 shall have and are

hereby declared to have all the incidents of negotiable instruments. Prior to the

preparation of definitive bonds, the commission may issue temporary bonds or

certificates, exchangeable for definitive bonds w hen the same shall have been executed

and are ready for delivery; and provision may also be made for the replacement of any

bonds which shall become mutilated, or be destroyed or lost. Bonds may be issued under

the provisions of KRS 177.700 to 177.820 with out obtaining the consent of any

department, division, commission, board, bureau, or agency of the Commonwealth and

without any other proceedings or the happening of any conditions, events or things other

than the proceedings, conditions, events, and thing s which are specifically required by

KRS 177.700 to 177.820.