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40.200 Commission's power to fix details of bonds.

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40.200 Commission's power to fix details of bonds. All bonds issued hereunder shall be dated July 1, 1960, and shall mature on or prior to <br>thirty (30) years from such date as the State Property and Buildings Commission may <br>provide in each resolution authorizing the issuance and sale of such bonds. The State <br>Property and Buildings Commission shall in each such resolution determine other details, <br>including whether the bonds shall be of term or serial maturities, and the amount which <br>shall mature on any serial maturity date; denominations; whether the bonds, or any of <br>them, shall be subject to redemption prior to stated maturities and upon what terms; place <br>or places of payment of principal and interest, which may be within the Commonwealth <br>or outside thereof; whether the bonds shall have semiannual interest coupons annexed; be <br>registered or registrable as to principal or interest, or both; and any other details not <br>contrary to law or inconsistent with this chapter which in the discretion of the said <br>commission may appear wise and expedient. The commission shall fix and establish the <br>interest rate or rates for each issue of bonds, and interest shall be payable semiannually. <br>Each sale shall be advertised pursuant to KRS Chapter 424 and by at least one (1) <br>publication in a financial newspaper or journal published in the City and State of New <br>York. History: Amended 1966 Ky. Acts ch. 239, sec. 2. -- Created 1960 Ky. Acts ch. 15, sec. 23, effective February 20, 1960.