164.520 Irredeemable bond for benefit of University of Kentucky and Kentucky State University.
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<![CDATA[164.520 Irredeemable bond for benefit of University of Kentucky and Kentucky State University. The bond issued by the commissioners of the sinking fund to themselves as trustees for <br>the University of Kentucky and Kentucky State University, bearing date July 1, 1897, for <br>the sum of $165,000 and bearing interest at the rate of six percent (6%), payable <br>semiannually, remains in force and constitutes a perpetual obligation of the <br>Commonwealth, and the interest thereon is a perpetual charge upon the Treasury. The <br>Finance and Administration Cabinet shall, on the first day of January and on the first day <br>of July each year, draw its warrant on the State Treasurer for the sum of $627.75 in favor <br>of the treasurer of Kentucky State University, and its warrant on the State Treasurer for <br>the sum of $4,322.25 in favor of the treasurer of the University of Kentucky. Effective: July 13, 1984 <br>History: Amended 1984 Ky. Acts ch. 111, sec. 102, effective July 13, 1984. -- Amended 1974 Ky. Acts ch. 74, Art. II, sec. 9(1). -- Amended 1952 Ky. Acts ch. 41, <br>sec. 12. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from <br>Ky. Stat. sec. 4591a. ]]>