If, by reason of miscalculation or the happening of unforeseen events or conditions, the proceeds of the bonds authorized by the third ordinance should prove to be insufficient to provide for the completion of the project and the payment in full of all costs thereof, the governing body shall be authorized to issue and sell additional bonds sufficient to make up the deficiency, and such additional bonds shall rank on a parity as to security and source of payment with the bonds originally authorized. In the case of wastewater collection projects, the metropolitan sewer district shall be required to levy pro rata an additional assessment on owners of benefited property who have elected to make lump- sum payments in full.
History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 13, sec. 24. — Created 1956 Ky.

Terms Used In Kentucky Statutes 107.210

  • Metropolitan sewer district: means a joint metropolitan sewer district which has been duly created under KRS §. See Kentucky Statutes 107.020
  • ordinance: means and includes any ordinance enacted in accordance with the general laws applicable to ordinances of the class of city in question, and the form of government thereof, and in accordance with the provisions of this chapter. See Kentucky Statutes 107.020
  • Wastewater: means any water or liquid substance containing sewage, industrial waste, or other pollutants or contaminants. See Kentucky Statutes 107.020

Acts ch. 239, sec. 21, effective February 29, 1956.

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