Statutes > Kentucky Statutes > CHAPTER 180 STATE BRIDGES, TUNNELS, AND FERRIES > 180.110 Bonds to be secured by lien on bridge revenues -- State not to be obligated.

180.110 Bonds to be secured by lien on bridge revenues -- State not to be obligated.

Download pdf

Loading PDF...


180.110 Bonds to be secured by lien on bridge revenues -- State not to be obligated. (1) The bonds issued under KRS 180.070 and interest thereon shall be secured by a first lien on the gross tolls and other revenues of the bridges for which the bonds were <br>issued. (2) No bonds issued under KRS 180.070 shall be an obligation of the state, and no lien of any kind shall be given in favor of the bonds upon any bridge or real estate <br>appurtenant thereto. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 4356s-4, 4356s-17.