177.585 Bonds to be issued -- Denominations -- Interest -- Coupons -- Payment -- Registration with Finance and Administration Cabinet -- Exemption from <br>state, county and municipal taxation -- Cost of printing. Bonds of the Commonwealth of Kentucky shall be issued in the total amount of one <br>hundred million dollars ($100,000,000). Said bonds shall be of the denomination of one <br>hundred dollars ($100), or such multiples thereof as the state property and buildings <br>commission may determine; shall be engraved, lithographed or printed, as said <br>commission shall determine; shall be signed at the time of their respective issuance by the <br>Governor then in office, and at the same time attested by the Secretary of State then in <br>office, with the seal of the Commonwealth affixed. All of said bonds shall bear interest at <br>such rate, not exceeding three percent (3%) per annum, as said commission shall <br>determine at the time of such issue. All of said bonds shall bear date of January 1, 1957. <br>The interest thereon shall be payable semiannually January first and July first of each year <br>thereafter. There shall be attached to said bonds coupons for such semiannual interest <br>bearing the facsimile signature of the Governor and the Treasurer of the Commonwealth, <br>the last coupon on each bond being due at the date of maturity of the bond to which it is <br>attached. Said bonds and coupons shall be payable in lawful money of the United States <br>of America at such place or places as the State Property and Buildings Commission may <br>determine. Said bonds, at the request of the owners, may be registered as to principal and <br>interest with the Finance and Administration Cabinet of the Commonwealth of Kentucky <br>upon the payment of a registration fee of fifty cents ($0.50) on each one thousand dollars <br>($1,000) principal amount of said bonds. All of said bonds and the interest thereon shall <br>be exempt from state, county and municipal taxation. Save as in KRS 177.580 to 177.630 <br>provided, the form of said bonds, and the method of registration shall be determined by <br>the State Property and Buildings Commission. The cost of engraving, lithographing or <br>printing said bonds shall be certified by the State Property and Buildings Commission to <br>the Finance and Administration Cabinet for payment and shall be paid out of the state <br>road fund. Effective: June 26, 1956 <br>History: Created 1956 (2nd Extra Sess.) Ky. Acts ch. 3, sec. 2, effective June 26, 1956.
177.585 Bonds to be issued -- Denominations -- Interest -- Coupons -- Payment -- Registration with Finance and Administration Cabinet -- Exemption from <br>state, county and municipal taxation -- Cost of printing. Bonds of the Commonwealth of Kentucky shall be issued in the total amount of one <br>hundred million dollars ($100,000,000). Said bonds shall be of the denomination of one <br>hundred dollars ($100), or such multiples thereof as the state property and buildings <br>commission may determine; shall be engraved, lithographed or printed, as said <br>commission shall determine; shall be signed at the time of their respective issuance by the <br>Governor then in office, and at the same time attested by the Secretary of State then in <br>office, with the seal of the Commonwealth affixed. All of said bonds shall bear interest at <br>such rate, not exceeding three percent (3%) per annum, as said commission shall <br>determine at the time of such issue. All of said bonds shall bear date of January 1, 1957. <br>The interest thereon shall be payable semiannually January first and July first of each year <br>thereafter. There shall be attached to said bonds coupons for such semiannual interest <br>bearing the facsimile signature of the Governor and the Treasurer of the Commonwealth, <br>the last coupon on each bond being due at the date of maturity of the bond to which it is <br>attached. Said bonds and coupons shall be payable in lawful money of the United States <br>of America at such place or places as the State Property and Buildings Commission may <br>determine. Said bonds, at the request of the owners, may be registered as to principal and <br>interest with the Finance and Administration Cabinet of the Commonwealth of Kentucky <br>upon the payment of a registration fee of fifty cents ($0.50) on each one thousand dollars <br>($1,000) principal amount of said bonds. All of said bonds and the interest thereon shall <br>be exempt from state, county and municipal taxation. Save as in KRS 177.580 to 177.630 <br>provided, the form of said bonds, and the method of registration shall be determined by <br>the State Property and Buildings Commission. The cost of engraving, lithographing or <br>printing said bonds shall be certified by the State Property and Buildings Commission to <br>the Finance and Administration Cabinet for payment and shall be paid out of the state <br>road fund. Effective: June 26, 1956 <br>History: Created 1956 (2nd Extra Sess.) Ky. Acts ch. 3, sec. 2, effective June 26, 1956.
177.585 Bonds to be issued -- Denominations -- Interest -- Coupons -- Payment -- Registration with Finance and Administration Cabinet -- Exemption from <br>state, county and municipal taxation -- Cost of printing. Bonds of the Commonwealth of Kentucky shall be issued in the total amount of one <br>hundred million dollars ($100,000,000). Said bonds shall be of the denomination of one <br>hundred dollars ($100), or such multiples thereof as the state property and buildings <br>commission may determine; shall be engraved, lithographed or printed, as said <br>commission shall determine; shall be signed at the time of their respective issuance by the <br>Governor then in office, and at the same time attested by the Secretary of State then in <br>office, with the seal of the Commonwealth affixed. All of said bonds shall bear interest at <br>such rate, not exceeding three percent (3%) per annum, as said commission shall <br>determine at the time of such issue. All of said bonds shall bear date of January 1, 1957. <br>The interest thereon shall be payable semiannually January first and July first of each year <br>thereafter. There shall be attached to said bonds coupons for such semiannual interest <br>bearing the facsimile signature of the Governor and the Treasurer of the Commonwealth, <br>the last coupon on each bond being due at the date of maturity of the bond to which it is <br>attached. Said bonds and coupons shall be payable in lawful money of the United States <br>of America at such place or places as the State Property and Buildings Commission may <br>determine. Said bonds, at the request of the owners, may be registered as to principal and <br>interest with the Finance and Administration Cabinet of the Commonwealth of Kentucky <br>upon the payment of a registration fee of fifty cents ($0.50) on each one thousand dollars <br>($1,000) principal amount of said bonds. All of said bonds and the interest thereon shall <br>be exempt from state, county and municipal taxation. Save as in KRS 177.580 to 177.630 <br>provided, the form of said bonds, and the method of registration shall be determined by <br>the State Property and Buildings Commission. The cost of engraving, lithographing or <br>printing said bonds shall be certified by the State Property and Buildings Commission to <br>the Finance and Administration Cabinet for payment and shall be paid out of the state <br>road fund. Effective: June 26, 1956 <br>History: Created 1956 (2nd Extra Sess.) Ky. Acts ch. 3, sec. 2, effective June 26, 1956.
