Statutes > Kentucky Statutes > CHAPTER 96 UTILITIES IN CITIES > 96.230 City of the first class or consolidated local government to control waterworks.

96.230 City of the first class or consolidated local government to control waterworks.

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96.230 City of the first class or consolidated local government to control waterworks. Whenever any city of the first class or consolidated local government owns, through its <br>commissioners of the sinking fund or revenue commission, respectively, all the shares of <br>capital stock in any corporation engaged in supplying water to its inhabitants, the city or <br>consolidated local government shall control, manage, and operate the plant of the <br>corporation, its franchise, and all its other property, in the manner provided in KRS <br>96.240 to 96.310. The provisions of KRS 96.230 to 96.310 shall not affect the status of <br>the stock as part of the assets of the sinking fund or revenue commission, respectively. Effective: July 15, 2002 <br>History: Amended 2002 Ky. Acts ch. 346, sec. 108, effective July 15, 2002. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. <br>secs. 3024a-1, 3024a-5.