State Codes and Statutes

Statutes > Missouri > T15 > C249 > 249_136

Indebtedness authorized--limitations--election required.

249.136. 1. Any sewer district organized under sections249.010 to 249.420, or whose boundaries have been extended asprovided, shall have the power to incur further indebtedness ofthe district and issue bonds of the district therefor for thepurpose of providing a sewer system for the district, asprovided by sections 249.010 to 249.420, or for enlarging,replacing, repairing, modifying, improving or extending thesame, to make an effective and complete sewer system or toprovide funds to pay any obligation incurred or which may beincurred by contract with any other district or municipality orother public agency for the construction, use or maintenance ofcommon or joint sewers, drains, outlets and disposal plants,provided such indebtedness together with all existingindebtedness of such district shall not exceed in the aggregatefive percent of the value of all taxable tangible property insuch district to be ascertained by the last completed assessmentof property for state and county purposes prior to the incurringof such indebtedness, and provided further that theconstitutionally required percentage of the voters of suchdistrict voting on the proposition to incur such indebtednessshall assent thereto.

2. The question shall be submitted in substantially thefollowing form:

Shall the ......... sewer district issue bonds in the amountof ..... dollars payable from taxes?

3. Any bonds issued as provided herein shall be issued inaccordance with the provisions relating to the original issuanceof bonds hereunder; provided, however, the amount of bonds to beso issued shall be determined by the board of trustees and indetermining the amount the board of trustees shall not belimited by any estimate of costs herein provided to be made bythe engineer at the time of the incorporation of such districtor the extension of its boundaries.

(L. 1951 p. 627 § 249.102, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)

State Codes and Statutes

Statutes > Missouri > T15 > C249 > 249_136

Indebtedness authorized--limitations--election required.

249.136. 1. Any sewer district organized under sections249.010 to 249.420, or whose boundaries have been extended asprovided, shall have the power to incur further indebtedness ofthe district and issue bonds of the district therefor for thepurpose of providing a sewer system for the district, asprovided by sections 249.010 to 249.420, or for enlarging,replacing, repairing, modifying, improving or extending thesame, to make an effective and complete sewer system or toprovide funds to pay any obligation incurred or which may beincurred by contract with any other district or municipality orother public agency for the construction, use or maintenance ofcommon or joint sewers, drains, outlets and disposal plants,provided such indebtedness together with all existingindebtedness of such district shall not exceed in the aggregatefive percent of the value of all taxable tangible property insuch district to be ascertained by the last completed assessmentof property for state and county purposes prior to the incurringof such indebtedness, and provided further that theconstitutionally required percentage of the voters of suchdistrict voting on the proposition to incur such indebtednessshall assent thereto.

2. The question shall be submitted in substantially thefollowing form:

Shall the ......... sewer district issue bonds in the amountof ..... dollars payable from taxes?

3. Any bonds issued as provided herein shall be issued inaccordance with the provisions relating to the original issuanceof bonds hereunder; provided, however, the amount of bonds to beso issued shall be determined by the board of trustees and indetermining the amount the board of trustees shall not belimited by any estimate of costs herein provided to be made bythe engineer at the time of the incorporation of such districtor the extension of its boundaries.

(L. 1951 p. 627 § 249.102, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)


State Codes and Statutes

State Codes and Statutes

Statutes > Missouri > T15 > C249 > 249_136

Indebtedness authorized--limitations--election required.

249.136. 1. Any sewer district organized under sections249.010 to 249.420, or whose boundaries have been extended asprovided, shall have the power to incur further indebtedness ofthe district and issue bonds of the district therefor for thepurpose of providing a sewer system for the district, asprovided by sections 249.010 to 249.420, or for enlarging,replacing, repairing, modifying, improving or extending thesame, to make an effective and complete sewer system or toprovide funds to pay any obligation incurred or which may beincurred by contract with any other district or municipality orother public agency for the construction, use or maintenance ofcommon or joint sewers, drains, outlets and disposal plants,provided such indebtedness together with all existingindebtedness of such district shall not exceed in the aggregatefive percent of the value of all taxable tangible property insuch district to be ascertained by the last completed assessmentof property for state and county purposes prior to the incurringof such indebtedness, and provided further that theconstitutionally required percentage of the voters of suchdistrict voting on the proposition to incur such indebtednessshall assent thereto.

2. The question shall be submitted in substantially thefollowing form:

Shall the ......... sewer district issue bonds in the amountof ..... dollars payable from taxes?

3. Any bonds issued as provided herein shall be issued inaccordance with the provisions relating to the original issuanceof bonds hereunder; provided, however, the amount of bonds to beso issued shall be determined by the board of trustees and indetermining the amount the board of trustees shall not belimited by any estimate of costs herein provided to be made bythe engineer at the time of the incorporation of such districtor the extension of its boundaries.

(L. 1951 p. 627 § 249.102, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)