Kentucky Revised Statutes

Ky. Rev. Stat. § 165.080 (2026)

Bond issue question may be submitted to voters

✓ current as of May 2026

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The board of aldermen of any city of the first class may adopt an ordinance submitting to the voters of the city at any regular election held in the city the question of whether or not bonds of the city shall be issued for the benefit of the municipal university if the ordinance is filed with the county clerk not later than the second Tuesday in August preceding the regular election. Authorization of the bond issue and submission of the question to the voters may be by one (1) ordinance and at one (1) election covering the entire amount of the bonds or it may be by different ordinances authorizing different elections at different times for parts of the total amount. The ordinance shall provide the date and maturity of the bonds, the rate of interest they shall bear and the total amount to be then issued, and shall contain the necessary details with reference to the execution and delivery of the bonds, their denominations, coupons to be attached, and taxes to be levied to pay interest and to create a sinking fund to retire the bonds at maturity. A failure of the voters at one (1) election to authorize a bond issue shall not prevent submission of the question of issuing bonds at subsequent elections. Effective: July 15, 1996 History: Amended 1996 Ky. Acts ch. 195, sec. 59, effective July 15, 1996. -- Amended 1950 Ky. Acts ch. 113, sec. 1. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2948b-2, 2948b-3.

Notes of Decisions

Cited in 1 case, 1953–1953 · leading case: City of Louisville v. Kesselring, 257 S.W.2d 599 (Ky. Ct. App. 1953).

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City of Louisville v. Kesselring, 257 S.W.2d 599 (Ky. Ct. App. 1953). · cites it 3× “The sole questions remaining • for consideration are: (1) In issuing serial bonds as opposed to term bonds, does the statute, KRS 165.080, authorizing the bonds for the benefit of a municipal university require that the complete schedule of serial maturities be set out'in the…”

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