Ky. Rev. Stat. § 97.180

Current through 2024 Ky. Acts ch.225
Section 97.180 - Bondholders' lien - Action to enforce

There shall be a statutory mortgage lien upon the recreational project and necessary appurtenances acquired through the issuance of bonds, in favor of the holders of the bonds and the holders of the coupons. The project and appurtenances shall remain subject to the lien until the payment in full of the principal and interest of the bonds. Any holder of the bonds or coupons may, by action at law or in equity, protect and enforce the lien and compel performance of all duties required by KRS 97.100 to 97.240, including the making and collecting of sufficient fees and the segregation and application of the revenue.

KRS 97.180

Effective:10/1/1942
Recodified 1942 Ky. Acts ch. 208, sec. 1, effective10/1/1942, from Ky. Stat. sec. 2741p-19.