When the principal and interest on all of the bonds have been paid or their payment fully provided for, the commission shall stand dissolved. Thereupon the city legislative body shall assume the operation and maintenance of the bridge, and, unless the cost of operation, maintenance and repair is otherwise provided for, shall assume the collection of tolls for the payment of the cost, and shall do all other acts necessary and convenient for the maintenance of the bridge.
KRS 181.840
Dissolution of commission -- City legislative body to operate and maintain bridge
Applied in 1 court decision — leading case Department of Revenue, Finance & Administration Cabinet v. Cox Interior, Inc. (2013)
Most recently applied in Department of Revenue, Finance & Administration Cabinet v. Cox Interior, Inc. (June 2013)
Effective: October 1, 1942 History: Recodified 1942 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.