Statutes > Kentucky Statutes > CHAPTER 106 ACQUISITION OF WATERWORKS BY CITIES AND WATER DISTRICTS > 106.170 Additional bonds for extensions and permanent improvements.

106.170 Additional bonds for extensions and permanent improvements.

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106.170 Additional bonds for extensions and permanent improvements. Any water district or city acquiring any waterworks pursuant to the provisions of this act <br>may, at the time of issuing the bonds for such acquisition, provide for additional bonds <br>for extensions and permanent improvements to be placed in escrow and to be negotiated <br>from time to time as proceeds for that purpose may be necessary, or the water district or <br>city may, at any time, provide for the extension, addition or improvement of the <br>waterworks by an additional issue of bonds. Bonds placed in escrow shall, when <br>negotiated, have equal standing with the bonds of the same issue. Effective: June 17, 1954 <br>History: Created 1954 Ky. Acts ch. 18, sec. 17, effective June 17, 1954.