Statutes > Kentucky Statutes > CHAPTER 106 ACQUISITION OF WATERWORKS BY CITIES AND WATER DISTRICTS > 106.180 Authority to provide for administration and security of bondholders.

106.180 Authority to provide for administration and security of bondholders.

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106.180 Authority to provide for administration and security of bondholders. The water district commissioners of a water district may provide by resolution or the city <br>legislative body may provide by ordinance such provisions and stipulations for the <br>administration of the income and revenues of the waterworks and for the security of the <br>bondholders as it deems necessary. Effective: June 17, 1954 <br>History: Created 1954 Ky. Acts ch. 18, sec. 18, effective June 17, 1954.