Statutes > Kentucky Statutes > CHAPTER 181 COUNTY AND CITY BRIDGES, TUNNELS, AND FERRIES > 181.700 Bonds to be lawful investments -- Tax-exempt.

181.700 Bonds to be lawful investments -- Tax-exempt.

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181.700 Bonds to be lawful investments -- Tax-exempt. (1) The bonds shall be lawful investments of banks, trust companies, trustees, and of commissioners of the sinking fund of municipalities and counties, and shall be <br>acceptable as security for the deposit of public money. (2) The bonds and the income thereof shall be exempt from taxation. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3235g-17.