Upon written petition signed by more than one-half (1/2) of the landowners residing within the boundary of the district of the corporation, or their agents, guardians or personal representatives, the county judge/executive of any county in which the corporation exists shall appoint a board of commissioners consisting of three (3) landowners over twenty-five (25) years of age, residing in that county, not interested in the corporation and not owning any land within its district. Each commissioner shall be paid out of the treasury of the corporation not exceeding five dollars ($5) for each day’s service.
Effective: June 17, 1978

Terms Used In Kentucky Statutes 269.120

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010

History: Amended 1978 Ky. Acts ch. 384, sec. 423, effective June 17, 1978. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 2417a-2, 2417a-14.

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