Kentucky Revised Statutes Title IX. Counties, Cities, and Other Local Units § 66.021.Bonds as negotiable instruments; presumption of validity

(a) They state that they are issued or entered into under or pursuant to authorizing provisions of law and comply on their face with those provisions;

(b) They are issued or entered into for a public purpose, as stated in the bonds or the legislation authorizing their issuance, and within any limitations prescribed by law;

(c) Their purchase price, if any, has been paid in full; and

(d) The transcript of the proceedings contains a statement by the officer having charge of the applicable records, or by the chief executive officer of the issuer, that all the proceedings were held in compliance with law, which statement creates a conclusive presumption that the proceedings were held in compliance with all laws, including, as applicable, KRS 61.800.