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184.240 Authority to issue apportionment warrants or road district bonds.

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184.240 Authority to issue apportionment warrants or road district bonds. In order to obtain funds sufficient to pay for the construction of the proposed <br>improvement, or sufficient to pay for the reasonable maintenance of the road, being the <br>balance required after the receipt of full cash payments and initial installment payments, <br>but not including in such balance payments due from owners who failed or refused to <br>make full cash payments or to enter into installment payment agreements, the board of <br>directors may, in its discretion, provide by resolution for the issuance of interest-bearing <br>apportionment warrants against each parcel of property or may direct the issuance and <br>sale of road district bonds, as hereinafter provided. No bonds shall be issued unless the <br>aggregate amount of installment payments, subsequent to the first cash payment is one <br>thousand dollars (&#36;1000) or more. History: Amended 1968 Ky. Acts ch. 55, sec. 10. -- Created 1942 Ky. Acts ch. 65, sec. 24.