Kentucky Statutes 42.555 – Investment commission as Sinking Fund Commission — Sale of stock in Bank of Kentucky
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(1) For the purposes of Section 185 of the Constitution of Kentucky, the State
Investment Commission shall constitute the Sinking Fund Commission.
(2) The State Investment Commission may sell the stock in the Bank of Kentucky referred to in Sections 184 and 185 of the Constitution of Kentucky. The State Investment Commission may sell and reinvest the proceeds of the sale of the stock in the Bank of Kentucky from time to time.
Effective: Created 1982 Ky. Acts ch. 382, sec. 21, effective July 15, 1982.
Investment Commission shall constitute the Sinking Fund Commission.
Terms Used In Kentucky Statutes 42.555
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(2) The State Investment Commission may sell the stock in the Bank of Kentucky referred to in Sections 184 and 185 of the Constitution of Kentucky. The State Investment Commission may sell and reinvest the proceeds of the sale of the stock in the Bank of Kentucky from time to time.
Effective: Created 1982 Ky. Acts ch. 382, sec. 21, effective July 15, 1982.