Find Legal Information

184.250 Form of apportionment warrants -- Sale.

Download pdf

184.250 Form of apportionment warrants -- Sale. In the event that the board of directors determines to issue apportionment warrants, the <br>warrants shall be issued against each parcel of property against which there is a lien for an <br>unpaid balance of the assessment, shall bear interest at the rate or rates or method of <br>determining rates deemed proper by the board, be payable at least annually, and shall be <br>payable, as to principal, in nine (9) equal installments. The apportionment warrants may <br>be sold at public or private sale at a price or prices determined by the board of directors or <br>to the contractor, who must accept the same in full payment of the assessments which <br>they represent. The apportionment warrants shall be executed by the chairman and the <br>secretary of the board of directors and may be sold either at public or private sale. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 274, sec. 47, effective July 15, 1996. -- Created 1942 Ky. Acts ch. 65, sec. 25.