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165.080 Bond issue question may be submitted to voters.

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165.080 Bond issue question may be submitted to voters. The board of aldermen of any city of the first class may adopt an ordinance submitting to <br>the voters of the city at any regular election held in the city the question of whether or not <br>bonds of the city shall be issued for the benefit of the municipal university if the <br>ordinance is filed with the county clerk not later than the second Tuesday in August <br>preceding the regular election. Authorization of the bond issue and submission of the <br>question to the voters may be by one (1) ordinance and at one (1) election covering the <br>entire amount of the bonds or it may be by different ordinances authorizing different <br>elections at different times for parts of the total amount. The ordinance shall provide the <br>date and maturity of the bonds, the rate of interest they shall bear and the total amount to <br>be then issued, and shall contain the necessary details with reference to the execution and <br>delivery of the bonds, their denominations, coupons to be attached, and taxes to be levied <br>to pay interest and to create a sinking fund to retire the bonds at maturity. A failure of the <br>voters at one (1) election to authorize a bond issue shall not prevent submission of the <br>question of issuing bonds at subsequent elections. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 195, sec. 59, effective July 15, 1996. -- Amended 1950 Ky. Acts ch. 113, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective <br>October 1, 1942, from Ky. Stat. secs. 2948b-2, 2948b-3.