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97.150 Issuance of bonds to finance project.

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97.150 Issuance of bonds to finance project. For the purpose of defraying the cost of establishing, erecting, and acquiring any <br>recreational project and necessary appurtenances, any city may borrow money and issue <br>bonds. The bonds may be issued bearing interest at a rate or rates or method of <br>determining rates, payable at least annually, and shall be executed in a manner and be <br>payable at times, not exceeding thirty (30) years from the date of issuance, and at a place <br>as the legislative body determines. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 274, sec. 25, effective July 15, 1996. -- Amended 1968 Ky. Acts ch. 110, sec. 13. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective <br>October 1, 1942, from Ky. Stat. sec. 2741p-17.