Title XV, Roads, Waterways, and Aviation

road system. When enough tolls have been collected, after payment of the cost of collection and maintenance, to fully retire the bonds, the bridge or tunnel shall be free of all toll charges and become a part of the primary system of state roads.

(1) Any city may enter into contracts for the purpose of doing away with tolls on bridges wholly or partly within the city. (2) The person contracting with the city shall agree to: (a) Acquire ownership of the bridge or portion thereof, unless it has already acquired such ownersh…

governments. Having the powers of the city of the highest class at the time of the creation of an urban- county government, the provisions of KRS 181.510 to 181.550 are hereby affirmed to be possessed by urban-county governments. Any reference to a city, mayor, city legislative b…

maintenance. (1) Before applying the revenues of the bridge to the amortization of the cost of the bridge as provided in KRS 181.510, the person contracting with the city may deduct the reasonable expense of operation, repair and maintenance and a reasonable return to itself, not…

In the contract the city may agree to transfer and assign to the person contracting with it, any interest or right the city has in the bridge or portion, or any interest or right of the city to acquire the bridge or portion, and shall agree to take over the bridge when turned ove…

Upon the execution of the contract, the present owners of the bridge or portion sold shall be relieved from any duty imposed upon such owners by legislative enactment to maintain or keep the bridge or portion open to the public.

The bridge or portion, so long as operated under such contract, and thereafter so long as operated free of tolls as provided in KRS 181.530, shall be deemed public property used for public purposes.

In addition to the powers granted in KRS 181.510 to 181.550, cities may purchase or construct and improve, operate, and maintain bridges over navigable streams so as to connect such cities with an adjoining state. In order to pay the cost of such acquisition or construction and i…

governments. Having the powers of the city of the highest class at the time of the creation of an urban- county government, the provisions of KRS 181.560 to 181.840 are hereby affirmed to be possessed by urban-county governments. Any reference to a city, mayor, city legislative b…

(1) Any city may, by ordinance, create a bridge commission consisting of the chief executive of the city and four (4) persons appointed by such chief executive with the approval of the city legislative body. Each appointee shall be at least twenty-five (25) years of age. (2) The …

(1) The commission shall constitute a corporation under the name of (insert name of city) Bridge Commission with the usual corporate powers. (2) The commission shall elect a chairman and a vice chairman from its members, and a secretary-treasurer who need not be a member of the c…

The commission may: (1) Establish bylaws, rules and regulations for its own government; (2) Make and enter into all contracts or agreements necessary or incidental to the performance of its duties and the execution of its powers; and (3) Employ engineers, attorneys, and other nec…

(1) No member, engineer, superintendent or foreman of the bridge commission shall: (a) Be employed by or hold any official or pecuniary relation to any person selling or furnishing material for the construction, improvement or maintenance of the bridge; (b) Be a candidate for or …

(1) The commission may purchase any toll bridge over a navigable stream so as to connect the city with an adjoining state, or any such toll bridge wholly or partly constructed, or any franchises, easements, permits or contracts for the construction of such bridges, upon terms and…

(1) Whenever a reasonable price cannot be agreed upon, the commission may condemn any property necessary or convenient for the improvement or the efficient operation of any property acquired or constructed under KRS 181.560 to 181.840, or for the purpose of constructing any bridg…

(1) Before purchasing a bridge, the commission shall determine what repairs, additions or improvements will be necessary to place the bridge in safe and efficient condition for public use. The commission shall cause an estimate of the cost of the improvements to be made and submi…

(1) The commission may purchase within this and any adjoining state all real property and interest in real property necessary for the construction of the bridge, upon such terms and at such prices as it considers reasonable and that can be agreed upon between it and the owner. Ti…

(1) All owners of physical obstructions in, over or upon the public streets or highways or in, under or over the stream over which a bridge is to be constructed, if such obstructions interfere with the construction or improvement of the bridge, shall, upon reasonable notice from …

(1) The commission may provide by resolution for the issuance of negotiable bonds to pay the cost of any such interstate bridge. The resolution shall recite an estimate of the cost. The bonds may be issued without a vote of the people. (2) The commission shall determine the form …

(1) The bonds shall bear interest at a rate or rates or method of determining rates, payable at least annually, and shall mature not more than thirty (30) years from the date of their issuance, at a date fixed by the commission. (2) The bonds may be made redeemable before maturit…

(1) The principal and interest on the bonds shall be payable solely from the special fund provided for their payment. (2) The bonds shall contain a statement on their face that the city shall not be obligated to pay the principal or interest thereon except from the revenues of th…

(1) The commission may sell the bonds at private sale without advertisement or in any other manner and for such price as it considers for the best interest of the city, taking into consideration the financial responsibility of the purchaser, the terms and conditions of the purcha…

(1) The bonds shall be lawful investments of banks, trust companies, trustees, and of commissioners of the sinking fund of municipalities and counties, and shall be acceptable as security for the deposit of public money. (2) The bonds and the income thereof shall be exempt from t…

(1) If the proceeds of the bonds are less than the cost of the bridge, additional bonds may be issued in the same manner to provide the amount of the deficit, and unless otherwise provided in the trust indenture, shall be deemed to be of the same issue and shall be entitled to pa…

Prior to the preparation of the bonds provided for in KRS 181.660, the commission may issue temporary bonds with or without coupons. The temporary bonds shall be issued under the restrictions set out in KRS 181.660 to 181.710, and shall be exchangeable for the bonds issued under …

All money received from the sale of bonds issued under KRS 181.660 to 181.720 shall be applied solely to the payment of the cost of the bridge or to the appurtenant sinking fund, and the holders of the bonds or the trustee, as provided in KRS 181.740, shall have a lien upon such …

indenture. (1) The commission may secure any issue of bonds by a trust indenture between the city and a corporate trustee, which may be any trust company or bank having the powers of a trust company within or outside of the state, or such corporate trustee and an individual as co…

No trust indenture shall convey or mortgage the bridge unless the trust indenture is entered into for the purpose of securing bonds issued to acquire a bridge by purchase, in which event the trust indenture may create a lien by way of deed of trust or mortgage upon the bridge, an…

The commission shall fix and collect tolls for transit over each bridge. The tolls shall be adjusted, in respect of the aggregate of tolls from each bridge for which bonds are issued, so as to provide a fund sufficient to pay the principal and interest on the bonds, and to provid…

(1) The fund for payment of principal and interest on the bonds shall be set aside each month in a sinking fund for the payment of: (a) The interest upon such bonds as it falls due; (b) The necessary fiscal agency charges for paying bonds and interest; and (c) The payment of the …

When the principal and interest on the particular bonds issued for a bridge have been paid or a sufficient amount have been provided and is being held for their payment, the commission shall cease to charge tolls for the use of the bridge and thereafter such bridge shall be free …

Any holder of the bonds or coupons attached thereto, and the trustee, unless the rights given by this section are restricted by resolution passed before the issuance of the bonds or by the trust indenture, may bring an action, either at law or in equity, to protect and enforce an…

(1) The commission may receive contributions of either money or property or other things of value, to be held and applied for the purposes of KRS 181.560 to 181.840. (2) The commission may enter into agreements with any adjoining state or any subdivision thereof, whereby such adj…

The commission of any city authorizing bridge revenue bonds under KRS 181.660 or 181.720, may purchase all ferries, together with necessary lands and appurtenances thereto, which are operating across the stream to be spanned by the bridge to be acquired or constructed and which a…

In addition to the powers and duties and subject to the limitations enumerated in KRS 181.560 to 181.840, the commission may do all things necessary or convenient in the construction or acquisition, maintenance and operation of any bridge to be constructed or acquired under the p…

bridge. When the principal and interest on all of the bonds have been paid or their payment fully provided for, the commission shall stand dissolved. Thereupon the city legislative body shall assume the operation and maintenance of the bridge, and, unless the cost of operation, m…