GroundRules
← Search the law
Kentucky · Snapshot 09/05/2026

KRS 220.420: Bondholders' lien -- Enforcement.

Read at publisher ↗
Where this section sits in the code
  1. 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

Browse this collection