United States — Missouri
Missouri Revised Statutes § 95.150 - Form of ballot
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The ballot question must be submitted in substantially the stated form.
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The ballot question must be submitted in substantially the stated form.
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If voter approval is certified, the council/board/trustees may authorize municipal bonds, subject to stated limits and required signatures and seal.
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Sections 95.115 to 95.155 apply to all cities, towns, and villages in the state.
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A municipal treasurer or similar officer must cancel coupons and mark certain bonds as registered when the owner asks for conversion.
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Bonds issued under the covered statutes or municipal charters may be issued as coupon bonds, registered bonds, or a mix of both.
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City officials for a third-class city may issue coupon bonds to pay court judgments or decrees, and the bonds must be signed, countersigned, attested, and bear the city seal.
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The city must not issue bonds in a way that increases its indebtedness.
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Cities issuing bonds under sections 95.320 to 95.340 must arrange an annual tax and related sums to cover bond interest and create a sinking fund for principal repayment.
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Bonds issued under the referenced sections are conclusively presumed valid for bona fide holders, and holders do not have to check the issue purpose, proceedings, judgments, or use of proceeds.
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Bonds issued under sections 95.320, 95.325, 95.330, and 95.335 do not need to be presented to or registered with the state auditor.
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A city council of a city of the third class may issue bonds, or use another method, to pay for certain land purchases, public buildings, and related improvements, subject to other statutory limits.
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The council may levy annual taxes on taxable property to pay bond interest, and the mayor and council may issue certain bonds by ordinance subject to stated limits.
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The city collector must pay covered money into the treasury every month and must give any bond and perform any duties required by ordinance.
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A city of the fourth class may issue bonds to pay judgments if the required voter percentage assents.
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City bonds may not be issued in a way that increases the city’s debt, and the sale proceeds must be used only to pay the relevant court judgments and decrees.
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A city that issues bonds under these sections must set up an annual tax to pay bond interest and build a sinking fund for principal repayment.
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The mayor and board of aldermen must submit the question to the city’s voters for an election on the bond issuance and tax levy proposition.
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The question must be submitted in substantially the form given in this section.
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The state auditor must register bonds covered by sections 95.370 to 95.400 before they are offered for sale.
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Earlier Missouri laws must not be read to limit sections 95.370 to 95.395.