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67A.815 Procedure where proceeds of bonds authorized by Third Ordinance insufficient.

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67A.815 Procedure where proceeds of bonds authorized by Third Ordinance insufficient. If, by reason of miscalculation or the happening of unforeseen events or conditions, the <br>proceeds of the bonds authorized by the Third Ordinance should prove to be insufficient <br>to provide for the completion of the project and the payment in full of all costs thereof, <br>the governing body shall be authorized to reassess all properties and collect in cash or to <br>issue and sell additional bonds sufficient to make up the deficiency, and such additional <br>bonds shall rank on a parity as to security and source of payment with the bonds <br>originally authorized. Effective: June 21, 1974 <br>History: Created 1974 Ky. Acts ch. 394, sec. 22, effective June 21, 1974.