249.390. Election in subdistrict for issuance of bonds. - Missouri Statutes

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Statutes > Missouri > T15 > C249 > 249_390

Election in subdistrict for issuance of bonds.

249.390. When such report is filed, the question shall besubmitted of whether the board of trustees shall have authorityto issue bonds for the purpose of anticipating the revenues ofsaid subdistrict for the cost of construction of said system ofsewers, the total amount of said bonds not to exceed theestimated cost as shown in the report of the chief engineer. Ifa majority of such voters, voting on the question, shall vote infavor of authorizing the board of trustees to issue such bonds,the board of trustees shall have the power to issue and sell thesame in the same manner as is provided in section 249.090 for theissuance and sale of other bonds of the district. Bonds issuedunder this section shall not run for a period of more than twentyyears nor bear a higher rate of interest than six percent perannum.

(RSMo 1939 § 12666, A.L. 1978 H.B. 971)

State Codes and Statutes

Statutes > Missouri > T15 > C249 > 249_390

Election in subdistrict for issuance of bonds.

249.390. When such report is filed, the question shall besubmitted of whether the board of trustees shall have authorityto issue bonds for the purpose of anticipating the revenues ofsaid subdistrict for the cost of construction of said system ofsewers, the total amount of said bonds not to exceed theestimated cost as shown in the report of the chief engineer. Ifa majority of such voters, voting on the question, shall vote infavor of authorizing the board of trustees to issue such bonds,the board of trustees shall have the power to issue and sell thesame in the same manner as is provided in section 249.090 for theissuance and sale of other bonds of the district. Bonds issuedunder this section shall not run for a period of more than twentyyears nor bear a higher rate of interest than six percent perannum.

(RSMo 1939 § 12666, A.L. 1978 H.B. 971)

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State Codes and Statutes

Statutes > Missouri > T15 > C249 > 249_390

Election in subdistrict for issuance of bonds.

249.390. When such report is filed, the question shall besubmitted of whether the board of trustees shall have authorityto issue bonds for the purpose of anticipating the revenues ofsaid subdistrict for the cost of construction of said system ofsewers, the total amount of said bonds not to exceed theestimated cost as shown in the report of the chief engineer. Ifa majority of such voters, voting on the question, shall vote infavor of authorizing the board of trustees to issue such bonds,the board of trustees shall have the power to issue and sell thesame in the same manner as is provided in section 249.090 for theissuance and sale of other bonds of the district. Bonds issuedunder this section shall not run for a period of more than twentyyears nor bear a higher rate of interest than six percent perannum.

(RSMo 1939 § 12666, A.L. 1978 H.B. 971)