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97.190 Receiver in case of default.

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97.190 Receiver in case of default. If there is a default in the payment of the principal or interest of any of the bonds, any <br>court having jurisdiction may appoint a receiver to administer the project on behalf of the <br>city, with power to charge and collect rates for the services rendered and for the use of or <br>admission to the project sufficient to provide for the payment of any bonds or obligations <br>outstanding and for payment of the operating expenses. The receiver shall apply the <br>revenue in conformity with KRS 97.100 to 97.240. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2741p-20.