96.360 Acquisition of existing waterworks -- Notice of agreement -- Petition -- Election. (1) One (1) or more waterworks, owned by one (1) or more persons, may be acquired as a single enterprise, and the city legislative body may agree with the owner as to the <br>value of the waterworks and purchase it at such value, after giving forty-five (45) <br>days' notice by publishing the agreement of purchase, pursuant to KRS Chapter 424, <br>setting out the price, interest rate, condition of plant, possible depreciation and <br>repairs. (2) If, within the period of forty-five (45) days, a petition calling for an election on the proposition is filed with the county clerk of the county, signed by twenty-five <br>percent (25%) of the qualified voters of the city who voted at the last preceding <br>regular election, stating the residence of each signer and verified as to signatures <br>and residence by the affidavits of one (1) or more persons, an election shall be held <br>on the proposition. Notice of the election, setting forth the price, terms of bonds, <br>interest, general repairs and condition of plant and nature of the election, shall be <br>given by publication pursuant to KRS Chapter 424. The election shall be held at the <br>next November election if the petition is filed with the county clerk and certified by <br>the county clerk as sufficient not later than the second Tuesday in August preceding <br>the regular election. The question to be submitted to the voters at the election shall <br>be: "Are you in favor of the city of .... purchasing .... at the price of .... ?" The <br>purchase shall not be consummated unless a majority of the qualified voters voting <br>on the proposition vote in favor of the purchase. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 195, sec. 46, effective July 15, 1996. -- Amended 1982 Ky. Acts ch. 360, sec. 26, effective July 15, 1982. -- Amended 1966 Ky. Acts <br>ch. 239, sec. 92. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, <br>1942, from Ky. Stat. secs. 2741L-3, 2741L-25.
96.360 Acquisition of existing waterworks -- Notice of agreement -- Petition -- Election. (1) One (1) or more waterworks, owned by one (1) or more persons, may be acquired as a single enterprise, and the city legislative body may agree with the owner as to the <br>value of the waterworks and purchase it at such value, after giving forty-five (45) <br>days' notice by publishing the agreement of purchase, pursuant to KRS Chapter 424, <br>setting out the price, interest rate, condition of plant, possible depreciation and <br>repairs. (2) If, within the period of forty-five (45) days, a petition calling for an election on the proposition is filed with the county clerk of the county, signed by twenty-five <br>percent (25%) of the qualified voters of the city who voted at the last preceding <br>regular election, stating the residence of each signer and verified as to signatures <br>and residence by the affidavits of one (1) or more persons, an election shall be held <br>on the proposition. Notice of the election, setting forth the price, terms of bonds, <br>interest, general repairs and condition of plant and nature of the election, shall be <br>given by publication pursuant to KRS Chapter 424. The election shall be held at the <br>next November election if the petition is filed with the county clerk and certified by <br>the county clerk as sufficient not later than the second Tuesday in August preceding <br>the regular election. The question to be submitted to the voters at the election shall <br>be: "Are you in favor of the city of .... purchasing .... at the price of .... ?" The <br>purchase shall not be consummated unless a majority of the qualified voters voting <br>on the proposition vote in favor of the purchase. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 195, sec. 46, effective July 15, 1996. -- Amended 1982 Ky. Acts ch. 360, sec. 26, effective July 15, 1982. -- Amended 1966 Ky. Acts <br>ch. 239, sec. 92. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, <br>1942, from Ky. Stat. secs. 2741L-3, 2741L-25.
96.360 Acquisition of existing waterworks -- Notice of agreement -- Petition -- Election. (1) One (1) or more waterworks, owned by one (1) or more persons, may be acquired as a single enterprise, and the city legislative body may agree with the owner as to the <br>value of the waterworks and purchase it at such value, after giving forty-five (45) <br>days' notice by publishing the agreement of purchase, pursuant to KRS Chapter 424, <br>setting out the price, interest rate, condition of plant, possible depreciation and <br>repairs. (2) If, within the period of forty-five (45) days, a petition calling for an election on the proposition is filed with the county clerk of the county, signed by twenty-five <br>percent (25%) of the qualified voters of the city who voted at the last preceding <br>regular election, stating the residence of each signer and verified as to signatures <br>and residence by the affidavits of one (1) or more persons, an election shall be held <br>on the proposition. Notice of the election, setting forth the price, terms of bonds, <br>interest, general repairs and condition of plant and nature of the election, shall be <br>given by publication pursuant to KRS Chapter 424. The election shall be held at the <br>next November election if the petition is filed with the county clerk and certified by <br>the county clerk as sufficient not later than the second Tuesday in August preceding <br>the regular election. The question to be submitted to the voters at the election shall <br>be: "Are you in favor of the city of .... purchasing .... at the price of .... ?" The <br>purchase shall not be consummated unless a majority of the qualified voters voting <br>on the proposition vote in favor of the purchase. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 195, sec. 46, effective July 15, 1996. -- Amended 1982 Ky. Acts ch. 360, sec. 26, effective July 15, 1982. -- Amended 1966 Ky. Acts <br>ch. 239, sec. 92. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, <br>1942, from Ky. Stat. secs. 2741L-3, 2741L-25.
