{"data":{"id":"us-ky/krs-165.090","jurisdiction":"us-ky","citation":"KRS 165.090","heading":"Sale of bonds -- Disposition of proceeds.","body":"Bonds issued under authority of KRS 165.080 shall be placed under the control of the\npresident and trustees of the university, who shall determine when and at what price they\nshall be sold, but no bonds shall be sold for less than par. Any premium obtained from the\nbonds shall constitute a part of the sinking fund for their ultimate redemption. The\nproceeds of the bonds shall be deposited to the credit of the university in the depositories\nthat are selected for the deposit of the funds of the sinking fund c ommissioners of the\ncity, upon the same agreement as to interest, and shall be withdrawn upon the checks of\nthe treasurer of the university, countersigned by the president thereof.","path":["KRS Chapter 165"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=4616","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:20Z","sha256":"36276d1491e0d513da5660aa237270ef001d8f47cad5a8a2e6cdb5576c8404fd","source_id":"us-ky","stale":false,"prev":"us-ky/krs-165.080","next":"us-ky/krs-165.100"},"notice":"GroundRules: Original legal text. Not legal advice."}