KRS 67.500: Bonds, negotiable, nontaxable, payment.

All bonds issued under the provisions of KRS 67.450 to 67.550 shall have all of the

qualities of negotiable instruments and shall not be subject to taxation. If any of the

officers whose signatures appear on the bonds or coupons cease to be such officers before

delivery of the bonds, the signatures shall nevertheless be valid for all purposes, the same

as if the officers had remained in office until delivery. The bonds shall be payable solely

from revenue derived from the building, as provided in KRS 67.520 , and shall not

constitute an indebtedness of the county buildings commission within the meaning of the

constitutional provisions or limitations. It shall be plainly stated on the face of each bond

that it was issued under the provisions of KRS 67.450 to 6 7.550 and does not constitute

an indebtedness of the county buildings commission.