104.510 Bond or deposit for costs.

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104.510 Bond or deposit for costs. At the time of filing the petition, or at any time subsequent thereto and prior to the time of <br>the giving of notice by the secretary, as provided in KRS 104.530, the petitioners shall <br>either file bond with the secretary with security approved by him, or deposit cash or <br>securities with him in an amount sufficient to pay the costs in the proceedings thereafter <br>involved. If the secretary at any time during the proceedings is not satisfied that the bond <br>or deposit is sufficient or that the surety on the bond is safe, he may require the execution <br>of an additional bond or the giving of additional surety or an additional deposit within a <br>time to be fixed not less than ten (10) days thereafter, and upon the failure of the <br>petitioners to comply, the secretary may refuse to proceed further and may refuse to <br>organize the district. History: Created 1950 Ky. Acts ch. 42, sec. 7.