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173.060 Meetings of board -- Incurring of liabilities.

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173.060 Meetings of board -- Incurring of liabilities. The board shall meet at least once each month for the transaction of its business. A <br>majority of the board shall constitute a quorum, but no appropriation of money, except for <br>ordinary or current expenditures, shall be made without the affirmative vote of a majority <br>of its members. Except for the purpose of erecting the library building, the board of <br>trustees shall not incur liabilities for any current year in excess of its annual income, <br>including gifts and donations and unexpended balances from previous years. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 2801b-4.