KRS 67A.760: Third Ordinance -- Purposes -- Adoption.

The governing body shall adopt a Third Ordinance authorizing the sale of the bonds and

covenanting with the holders of the bonds and coupons, that until the payment in full

thereof the urban-county government will levy annually an improvement assessment upon

the affected properties only. The ordinance shall also covenant with the holders of said

bonds and coupons, until payment in full thereof, the governing body will pursue and

exhaust, at the urban -county government's expense, all remedies available to th e urban-

county government and for the benefit and protection of the bondholders, including

enforcement to judgment and decretal sale of the liens upon affected properties, as

provided in KRS 67A.710 to 67A.825. The ordinance shall designate one (1) or more

places of payment of principal and interest, within or without the Commonwealth and

provide for the payment by the urban -county government of any and all reasonable and

customary charges for the services of paying agents, to the end that the holders of th e

bonds and coupons will receive the sums therein stipulated, without deductions for such

charges. The ordinance may contain any other provisions not contrary to law.