KRS 40.210: Tax-exempt character of bonds -- Signatures -- Temporary and replacement

bonds.

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

Commonwealth and its political subdivisions. 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

affixed thereto and attested by the validating manual signature of the Secretary of State

and the facsimile signature of the Treasurer shall be printed upon the interest coupons, if

any. In case any officer whose signature or a facsimile shall appear on any bonds or

coupons shall cease to be such officer before the delivery of such bonds, such signature or

facsimile signature shall, nevertheless, be valid and sufficient for all purposes, the same

as if he had remained in office until delivery. All bonds issued under this chapter shall

have and are hereby declared to have all the incidents of negot iable instruments. Prior to

the preparation of definitive bonds, the State Property and Buildings Commission may

issue interim receipts or temporary bonds, with or without interest coupons, exchangeable

for definitive bonds when the same shall have been ex ecuted and are available 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

this chapter without obtaining the consent of any depar tment, division, commission,

board, bureau, or agency of the Commonwealth and without any other proceedings or the

happening of any conditions or things other than the proceedings, conditions, and things

which are specifically required by this chapter.