KY · constitutions
Ky. Const. § 185
Interest on school fund -- Investment
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.
Provenance
- Source
- apps.legislature.ky.gov
- Retrieved
- 2026-09-25
- Edition
- 2026-09-25
- Content hash
ebd9f218d87b7390228ac8249ff3823175d3f57aecb5ed9aa245b08be0781fb0
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