KRS 183.650: Bonds negotiable and tax free -- Method of sale -- Payable solely from

revenues.

Bonds issued pursuant to KRS 183.630 to 183.740 shall be negotiable and shall not be

subject to taxation. If any officer whose signature or countersignature appears on th e

bonds or coupons ceases to be such officer before delivery of the bonds, his signature or

countersignature shall nevertheless be valid and sufficient for all purposes the same as if

he had remained in office until delivery. The bonds may be sold, at eith er a public or a

private sale notwithstanding any other provisions of the Kentucky Revised Statutes, and

the bonds shall be exempt from the newspaper advertisement and publications

requirements for municipal bonds under KRS 424.360, with the sale to be hel d in such

manner, upon such terms and for such price as the governmental unit or the Finance and

Administration Cabinet may determine will best effect the purposes of this chapter. The

bonds shall be payable solely from the revenue derived from airport fac ilities or taxes

levied for airport development and shall not constitute an indebtedness of the

governmental unit or the Commonwealth within the meaning of the Constitution. It shall

be plainly stated on the face of each bond that it has been issued under the provisions of

KRS 183.630 to 183.740 and that it does not constitute an indebtedness of the

governmental unit or the Commonwealth within the meaning of the Constitution.