KRS 67A.815: Procedure where proceeds of bonds authorized by Third Ordinance

insufficient.

If, by reason of miscalculation or the happening of unforeseen events or conditions, the

proceeds of the bonds authorized by the Third Ordinance should prove to be insuffici ent

to provide for the completion of the project and the payment in full of all costs thereof,

the governing body shall be authorized to reassess all properties and collect in cash or to

issue and sell additional bonds sufficient to make up the deficiency, and such additional

bonds shall rank on a parity as to security and source of payment with the bonds

originally authorized.