Statutes > Kentucky Statutes > CHAPTER 96 UTILITIES IN CITIES > 96.195 City of the fourth class may issue interest-bearing warrants for improvements and extensions to electric power plants or waterworks.

96.195 City of the fourth class may issue interest-bearing warrants for improvements and extensions to electric power plants or waterworks.

Download pdf

Loading PDF...


96.195 City of the fourth class may issue interest-bearing warrants for improvements and extensions to electric power plants or waterworks. Municipal corporations of the fourth class in the Commonwealth of Kentucky which own <br>and operate municipal electric power plants or waterworks are authorized to issue <br>interest-bearing warrants in payment for extensions and improvements to electric power <br>plants or waterworks. The warrants shall bear interest at the rate or rates or method of <br>determining rates as the legislative body of the municipal corporation determines and be <br>due not more than five (5) years from date. They shall be payable only out of the income <br>from the operation of the electric power plants or waterworks. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 274, sec. 20, effective July 15, 1996. -- Created 1946 Ky. Acts ch. 241, sec. 1.