{"data":{"id":"us-ky/krs-97.760","jurisdiction":"us-ky","citation":"KRS 97.760","heading":"Procedure in sale of bonds -- Disposition of proceeds.","body":"Bonds issued pursuant to Chapter 23 of the Acts of 1922 shall be placed under the control\nof the commission, which shall determine when, and at what price and how they shall be\nsold. Any premium obtained from the sale of the bonds shall constitute a part o f the\nsinking fund for their ultimate retirement. As the bonds are sold, their proceeds shall go\nto the credit of the commission in the same depositories that are selected for the deposit\nof the funds held by the commissioners of the sinking fund of the ci ty, upon like\nagreements as to interest. The proceeds of the bonds shall be withdrawn only upon the\nchecks of the secretary and treasurer of the commission, countersigned in a manner and\naccompanied by a voucher as may be prescribed by administrative regul ations\npromulgated by the commission.","path":["KRS Chapter 97"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=26450","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:00Z","sha256":"51407c8604f670c194947c7934c8fb63cb9421fb64d6d64a244aac702716ec65","source_id":"us-ky","stale":false,"prev":"us-ky/krs-97.750","next":"us-ky/krs-97.770"},"notice":"GroundRules: Original legal text. Not legal advice."}