76.130 Deposit and paying out of moneys of district. All moneys of the district, from whatever source derived, shall be paid to the secretary- treasurer. Such moneys shall be deposited in the name of the district by the secretary- treasurer, in one or more banks or trust companies, situated in the county in which said city is located, having a capital and surplus of not less than $500,000. The district may require that any or all such deposits be continuously secured by the pledge of direct obligations of the United States of America, having such value as may be satisfactory to the district. Such securities shall either be deposited with the secretary-treasurer or be held by a trustee or agent satisfactory to the district. In lieu of any such pledge of such securities, such funds may be secured by corporate surety bond or bonds, which shall be in form, sufficiency, and substance satisfactory to the district. All banks and trust companies are authorized to give such security for such deposits. The moneys in such accounts shall be paid out by the secretary-treasurer on warrants signed by the secretary- treasurer and countersigned by the chairman or vice chairman of the board, or signed and countersigned by such other person or persons as the board may from time to time designate by resolution. History: Created 1952 Ky. Acts ch. 70, sec. 3.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.