260.055. Resolution authorizing notes or bonds, contents of. - Missouri Statutes

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Statutes > Missouri > T16 > C260 > 260_055

Resolution authorizing notes or bonds, contents of.

260.055. Any resolution authorizing any notes or bonds maycontain such provisions, covenants and agreements subject to anyprovisions, covenants and agreements with the holders of bonds ornotes then outstanding as the authority determines necessary.Such provisions, covenants and agreements may include but shallnot be limited to:

(1) Pledging of all or any part of the revenues of theauthority, or any part thereof, to secure the payment of thenotes or bonds or of any issue thereof;

(2) The use and disposition of the revenues of the authorityor any part thereof;

(3) The fixing of rents, fees and other charges and thepledging of the same and of the revenues of the authority so thatthe same will be sufficient to pay the cost of operation,maintenance and repair of any project and the principal of andinterest on notes or bonds secured by the pledge of suchrevenues;

(4) Establishing reasonable reserves to secure the paymentof such notes or bonds;

(5) Limitations on the issuance of additional notes or bondsand the terms upon which the same may be issued and secured.

(L. 1972 H.B. 1041 § 11)
Effective 1-22-73

State Codes and Statutes

Statutes > Missouri > T16 > C260 > 260_055

Resolution authorizing notes or bonds, contents of.

260.055. Any resolution authorizing any notes or bonds maycontain such provisions, covenants and agreements subject to anyprovisions, covenants and agreements with the holders of bonds ornotes then outstanding as the authority determines necessary.Such provisions, covenants and agreements may include but shallnot be limited to:

(1) Pledging of all or any part of the revenues of theauthority, or any part thereof, to secure the payment of thenotes or bonds or of any issue thereof;

(2) The use and disposition of the revenues of the authorityor any part thereof;

(3) The fixing of rents, fees and other charges and thepledging of the same and of the revenues of the authority so thatthe same will be sufficient to pay the cost of operation,maintenance and repair of any project and the principal of andinterest on notes or bonds secured by the pledge of suchrevenues;

(4) Establishing reasonable reserves to secure the paymentof such notes or bonds;

(5) Limitations on the issuance of additional notes or bondsand the terms upon which the same may be issued and secured.

(L. 1972 H.B. 1041 § 11)
Effective 1-22-73

State Codes and Statutes

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State Codes and Statutes

Statutes > Missouri > T16 > C260 > 260_055

Resolution authorizing notes or bonds, contents of.

260.055. Any resolution authorizing any notes or bonds maycontain such provisions, covenants and agreements subject to anyprovisions, covenants and agreements with the holders of bonds ornotes then outstanding as the authority determines necessary.Such provisions, covenants and agreements may include but shallnot be limited to:

(1) Pledging of all or any part of the revenues of theauthority, or any part thereof, to secure the payment of thenotes or bonds or of any issue thereof;

(2) The use and disposition of the revenues of the authorityor any part thereof;

(3) The fixing of rents, fees and other charges and thepledging of the same and of the revenues of the authority so thatthe same will be sufficient to pay the cost of operation,maintenance and repair of any project and the principal of andinterest on notes or bonds secured by the pledge of suchrevenues;

(4) Establishing reasonable reserves to secure the paymentof such notes or bonds;

(5) Limitations on the issuance of additional notes or bondsand the terms upon which the same may be issued and secured.

(L. 1972 H.B. 1041 § 11)
Effective 1-22-73