KRS 96.490: Bonds for extensions and improvements.

Any city acquiring any waterworks pursuant to the provisions of KRS 96.350 to 96.510

may, at the time of issuing the bonds for such acquisition, provide for additional bonds

for extensions and permanent improvements to be placed in escrow and to be negotia ted

from time to time as proceeds for that purpose may be necessary, or the city may, at any

time, provide for the extension, addition or improvement of the waterworks by an

additional issue of bonds. Bonds placed in escrow shall, when negotiated, have equ al

standing with the bonds of the same issue.