State Codes and Statutes
Statutes > Missouri > T15 > C249 > 249_800Revenue bonds may be issued without election, when, notice,procedure--election required, when.
249.800. The board of any district contemplating theissuance of revenue bonds under the provisions of sections249.760 to 249.810 may give notice of its intention to issue thebonds without submitting the proposition to the voters of thedistrict, the notice to state the maximum amount of bondsproposed to be issued and the general purpose of the bonds. Thenotice shall further state the right of the voters in thedistrict to file their written protest against the issuance ofthe bonds as hereinafter provided. The notice shall be publishedtwice in a newspaper published in the county in which thedistrict is located. If within fifteen days after the date ofthe first publication of the notice there shall not be filed withthe secretary of the district a written protest against issuanceof such revenue bonds, signed by a number equal to twenty-fivepercent of the voters voting at the last preceding election ofsupervisors within the sewer district, the board of the districtshall have power to issue the revenue bonds of the district tothe amount and for the purpose specified in the notice without anelection. If within fifteen days after the date of the firstpublication of the notice there is filed with the secretary ofthe district a written protest against the issuance of therevenue bonds signed by the requisite number of voters within thesewer district, the board of the district shall thereupon submitthe proposed revenue bond issue to the voters of the districtand, if a majority of the voters voting on the question shallvote in favor thereof, the proposed improvements may be made andthe revenue bonds issued in payment of the cost thereof.
(L. 1961 p. 451 § 17, A.L. 1978 H.B. 971)
