{"data":{"id":"us-ky/krs-96.189","jurisdiction":"us-ky","citation":"KRS 96.189","heading":"Acquisition of transportation system by city.","body":"(1) Any city may, pursuant to an ordinance so providing, acquire any streetcar system\nexisting in the city, with all its appliances, or may establish and install a streetcar\nsystem, and may operate within and not more than ten (10) air miles beyond the\ncorporate limits of the city, improve and extend a system so acquired or installed\nupon the terms and conditions as may be provided by ordinance and by the terms of\nthe contract by which the system is acquired or installed. Any city may acquire,\nestablish, and in stall a street omnibus or taxicab system, and operate it upon the\nterms and conditions as are prescribed by ordinance.\n(2) To provide for the financing of the streetcar system or street omnibus or taxicab\nline, the city may issue bonds at not less than par  and accrued interest, to bear\ninterest at a rate or rates or method of determining rates as the city determines,\npayable at least annually, and to mature at any time not exceeding twenty (20) years\nafter their date, and may provide for a sinking fund to m eet the bonds at their\nmaturity. No bonds shall be issued except in compliance with the general law in\nreference to the amount of indebtedness that may be incurred by the city, nor until\nafter a vote is taken as required by law to authorize the incurring of indebtedness.","path":["KRS Chapter 96"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=48687","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:57Z","sha256":"6973d3e10f997dea15f770607267f49c01ea4421e511b00f594f0514c52bbf7a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-96.188","next":"us-ky/krs-96.190"},"notice":"GroundRules: Original legal text. Not legal advice."}