183.650 Bonds negotiable and tax free -- Method of sale -- Payable solely from revenues. Bonds issued pursuant to KRS 183.630 to 183.740 shall be negotiable and shall not be <br>subject to taxation. If any officer whose signature or countersignature appears on the <br>bonds or coupons ceases to be such officer before delivery of the bonds, his signature or <br>countersignature shall nevertheless be valid and sufficient for all purposes the same as if <br>he had remained in office until delivery. The bonds may be sold, at either a public or a <br>private sale notwithstanding any other provisions of the Kentucky Revised Statutes, and <br>the bonds shall be exempt from the newspaper advertisement and publications <br>requirements for municipal bonds under KRS 424.360, with the sale to be held in such <br>manner, upon such terms and for such price as the governmental unit or the Finance and <br>Administration Cabinet may determine will best effect the purposes of this chapter. The <br>bonds shall be payable solely from the revenue derived from airport facilities or taxes <br>levied for airport development and shall not constitute an indebtedness of the <br>governmental unit or the Commonwealth within the meaning of the Constitution. It shall <br>be plainly stated on the face of each bond that it has been issued under the provisions of <br>KRS 183.630 to 183.740 and that it does not constitute an indebtedness of the <br>governmental unit or the Commonwealth within the meaning of the Constitution. Effective: July 15, 1980 <br>History: Amended 1980 Ky. Acts ch. 375, sec. 1, effective July 15, 1980. -- Amended 1960 Ky. Acts ch. 179, sec. 42, effective March 25, 1960. -- Created 1945 (1st Extra. <br>Sess.) Ky. Acts ch. 3, sec. 4.
183.650 Bonds negotiable and tax free -- Method of sale -- Payable solely from revenues. Bonds issued pursuant to KRS 183.630 to 183.740 shall be negotiable and shall not be <br>subject to taxation. If any officer whose signature or countersignature appears on the <br>bonds or coupons ceases to be such officer before delivery of the bonds, his signature or <br>countersignature shall nevertheless be valid and sufficient for all purposes the same as if <br>he had remained in office until delivery. The bonds may be sold, at either a public or a <br>private sale notwithstanding any other provisions of the Kentucky Revised Statutes, and <br>the bonds shall be exempt from the newspaper advertisement and publications <br>requirements for municipal bonds under KRS 424.360, with the sale to be held in such <br>manner, upon such terms and for such price as the governmental unit or the Finance and <br>Administration Cabinet may determine will best effect the purposes of this chapter. The <br>bonds shall be payable solely from the revenue derived from airport facilities or taxes <br>levied for airport development and shall not constitute an indebtedness of the <br>governmental unit or the Commonwealth within the meaning of the Constitution. It shall <br>be plainly stated on the face of each bond that it has been issued under the provisions of <br>KRS 183.630 to 183.740 and that it does not constitute an indebtedness of the <br>governmental unit or the Commonwealth within the meaning of the Constitution. Effective: July 15, 1980 <br>History: Amended 1980 Ky. Acts ch. 375, sec. 1, effective July 15, 1980. -- Amended 1960 Ky. Acts ch. 179, sec. 42, effective March 25, 1960. -- Created 1945 (1st Extra. <br>Sess.) Ky. Acts ch. 3, sec. 4.
183.650 Bonds negotiable and tax free -- Method of sale -- Payable solely from revenues. Bonds issued pursuant to KRS 183.630 to 183.740 shall be negotiable and shall not be <br>subject to taxation. If any officer whose signature or countersignature appears on the <br>bonds or coupons ceases to be such officer before delivery of the bonds, his signature or <br>countersignature shall nevertheless be valid and sufficient for all purposes the same as if <br>he had remained in office until delivery. The bonds may be sold, at either a public or a <br>private sale notwithstanding any other provisions of the Kentucky Revised Statutes, and <br>the bonds shall be exempt from the newspaper advertisement and publications <br>requirements for municipal bonds under KRS 424.360, with the sale to be held in such <br>manner, upon such terms and for such price as the governmental unit or the Finance and <br>Administration Cabinet may determine will best effect the purposes of this chapter. The <br>bonds shall be payable solely from the revenue derived from airport facilities or taxes <br>levied for airport development and shall not constitute an indebtedness of the <br>governmental unit or the Commonwealth within the meaning of the Constitution. It shall <br>be plainly stated on the face of each bond that it has been issued under the provisions of <br>KRS 183.630 to 183.740 and that it does not constitute an indebtedness of the <br>governmental unit or the Commonwealth within the meaning of the Constitution. Effective: July 15, 1980 <br>History: Amended 1980 Ky. Acts ch. 375, sec. 1, effective July 15, 1980. -- Amended 1960 Ky. Acts ch. 179, sec. 42, effective March 25, 1960. -- Created 1945 (1st Extra. <br>Sess.) Ky. Acts ch. 3, sec. 4.
