KRS 220.420: Bondholders' lien -- Enforcement.
Where this section sits in the code
- KRS Chapter 220
There shall be a statutory mortgage lien upon all property of the sanitation district in
favor of the holders of the bonds and coupons, to secure payment of the bonds and
coupons. The sanitary works constructed or acquired by the board of directors, togeth er
with any extensions and appurtenances thereto, shall remain subject to the lien until the
payment in full of the principal and interest of the bonds. Any holder of the bonds or
coupons may by proper proceedings protect and enforce the lien, and may by p roper
proceedings, including mandamus, compel the performance of all duties required by KRS
220.010 to 220.520, including the making and collection of sufficient rates, the
segregation of the income and revenue and the application thereof. The venue of suc h
action shall be in the county in which the district or its largest area lies.
Collected 2026-09-05T20:52:32Z. Source file · JSON