KRS 382.340: Mortgages executed by public utility corporations -- Recording -- Effect.

(1) Mortgages executed by corporations, authorized to operate railroads, motor

transportation lines, electric light, heat and power plants, water plants, telegraph and

telephone lines, pipelines for the transportation or distribution of natural or

manufactured gas, or a mixture of same, which cover rights -of-way, franchises,

pipelines, pole lines, easements, railroad tracks, engines, cars, motor equipment or

any tangible personal property, or after -acquired property of whatever kind, may

create a lien upon such property, or any interest therein, and may secure all renewals

and extensions of any loan secured thereby and the note evidencing the same, and

may secure any additional indebtedness whether direct, indirect, existing, future,

contingent or otherwise, to the extent authorized by the mortgage or deed of trust, if

the mortgage by its terms stipulates the maximum additional indebtedness which

may be secured thereby. All such mortgages which cover rights -of-way, franchises,

pipelines, pole lines, easements , railroad tracks, engines, motor equipment or any

tangible personal property shall be duly acknowledged as required by law and

recorded as mortgages on real estate are required to be recorded only in the county

in Kentucky in which the principal office of the corporation is located.

(2) If the mortgage covers other real property in addition to rights -of-way, franchises,

pipelines, pole lines, easements, railroad tracks, engines, cars, motor equipment or

tangible personal property, then the mortgage shall a lso be recorded in each county

in which such other real property is located.

(3) When such mortgage is lodged for record, as herein provided, it shall be effective

against purchasers for a valuable consideration without notice and against creditors

as defined in KRS 382.270.