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67.270 Debts of old counties -- Separate taxes to pay.

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67.270 Debts of old counties -- Separate taxes to pay. The territory formerly embraced within each of the old counties is hereby made into a <br>separate special taxing district with power to levy and collect taxes, and the separate debt <br>of each county shall be a first lien on the territory formerly embraced within that county. <br>The fiscal court of the new county shall fix the rate of tax levy for each of the two (2) <br>special taxing districts, and the property within each shall be assessed and the taxes <br>collected by the same county officers of the new county, and in the same manner that the <br>law provides for the assessment of property and the collection of taxes by counties. The <br>money collected as taxes for each of the special taxing districts shall be kept separate and <br>shall be used only in payment of the debts of the old county that formerly embraced the <br>territory of that specific taxing district. History: Created 1942 Ky. Acts ch. 48, sec. 9.