Kentucky Const. art. Education, § 185

Kentucky Constitution

Article Education, § 185 — Interest on school fund — Investment

This text of Kentucky Const. art. Education, § 185 (Interest on school fund — Investment) is published on Counsel Stack Legal Research, covering Kentucky primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionKentucky DocumentConstitution

ArticleEducation

Section§ 185

CitationKentucky Const. art. Education, § 185

Bluebook

Ky. Const. art. Education, § 185.

Full Text

The General Assembly shall make provision, by law, for the payment of the interest of said school fund, and may provide for the sale of the stock in the Bank of Kentucky; and in case of a sale of all or any part of said stock, the proceeds of sale shall be invested by the Sinking Fund Commissioners in other good interest-bearing stocks or bonds, which shall be subject to sale and reinvestment, from time to time, in like manner, and with the same restrictions, as provided with reference to the sale of the said stock in the Bank of Kentucky.

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The General Assembly shall make provision, by law, for the payment of the interest of said school fund, and may provide for the sale of the stock in the Bank of Kentucky; and in case of a sale of all or any part of said stock, the proceeds of sale shall be invested by the Sinking Fund Commissioners in other good interest-bearing stocks or bonds, which shall be subject to sale and reinvestment, from time to time, in like manner, and with the same restrictions, as provided with reference to the sale of the said stock in the Bank of Kentucky.

History

Text as Ratified on: August 3, 1891, and revised September 28, 1891. History: Not yet amended.

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Bluebook (online)

Kentucky Const. art. Education, § 185, Counsel Stack Legal Research, https://law.counselstack.com/constitution/ky/Education/185.