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96.370 Issuance of bonds -- Ordinance to authorize.

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96.370 Issuance of bonds -- Ordinance to authorize. For the purpose of defraying the cost of acquiring any such waterworks and <br>appurtenances or extensions thereto, either by purchase or construction, the city may <br>borrow money and issue negotiable bonds, but only after an ordinance has been adopted <br>specifying the proposed undertaking, the amount of bonds to be issued and the maximum <br>rate of interest the bonds are to bear. The ordinance shall further provide that the <br>proposed waterworks and appurtenances or extensions are to be acquired pursuant to the <br>provisions of KRS 96.350 to 96.510. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2741L-2, 2741L-24.