{"data":{"id":"us-ky/krs-162.190","jurisdiction":"us-ky","citation":"KRS 162.190","heading":"Bonds negotiable -- Tax-exempt -- Signatures -- Not city debt.","body":"All bonds issued under the provisions of KRS 162.170 shall have all of the qualities of\nnegotiable instruments, and shall not be subject to taxation. If any of the officers whose\nsignatures appear on the bonds or coupons cease to be such officers before delivery of the\nbonds, the signatures shall nevertheless be valid for all purposes the same as if the\nofficers had remained in office until delivery. The bonds shall be payable solely from the\nrevenue derived from the school building as provided in KRS 162.2 30, and shall not\nconstitute an indebtedness of the city within the meaning of the constitutional provisions\nor limitations. It shall be plainly stated on the face of each bond that it was issued under\nthe provisions of KRS 162.150 to 162.280 and that it d oes not constitute an indebtedness\nof the city.","path":["KRS Chapter 162"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=4046","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:12Z","sha256":"6d2e525b74e9b389b4c81f20fe9859323f9b100fe4bb7074b46bac8c96eb30bf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-162.185","next":"us-ky/krs-162.200"},"notice":"GroundRules: Original legal text. Not legal advice."}