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29,361 statutes · page 1,458 of 1,469
United States — Missouri
1 provisions
The board of aldermen of a fourth-class city may issue bonds for listed public projects and a fire department, subject to sections 95.120 to 95.160.
United States — Missouri
1 provisions
The board of aldermen may levy annual taxes to pay bond interest and principal, and the mayor and board of aldermen may issue several kinds of bonds under stated limits.
United States — Missouri
1 provisions
Certain small special-charter cities or towns may issue and sell negotiable bonds to pay judgments or decrees.
United States — Missouri
1 provisions
Municipal bonds must be issued between $100 and $1,000 each, may be negotiable, must mature within 20 years, and may bear interest up to 6% per year.
United States — Missouri
1 provisions
If certain bonds were issued, the city or town must use net income from the utility/property after expenses first to pay bond interest, then place the rest into a sinking fund.
United States — Missouri
1 provisions
Bonds must be sold as directed by ordinance, or by the city treasurer if the ordinance gives no directions, and the proceeds must be used to pay the judgments and decrees for which the bonds were issued; the bonds may not be sold below par.
United States — Missouri
1 provisions
Cities or towns issuing these bonds must create and maintain a sinking fund, funded by annual revenues and a special annual tax.
United States — Missouri
1 provisions
Municipal council, trustees, or other proper authority must submit to voters a question on issuing bonds to address city or town indebtedness that has been determined by a court judgment or decree.
United States — Missouri
1 provisions
The ballot question must be submitted in substantially the following form.
United States — Missouri
1 provisions
A city or town’s legislative authority may declare a bond election result and issue bonds if the required voter percentage approves the bond issue.
United States — Missouri
1 provisions
The state auditor must register bonds issued under sections 95.415 to 95.460 before they are offered for sale, if satisfactory proof is shown that those sections were complied with.
United States — Missouri
1 provisions
Missouri laws or acts passed earlier must not be interpreted to reduce or change the provisions of sections 95.415 to 95.455.
United States — Missouri
1 provisions
This section defines “mayor” and “two houses of legislation” for sections 95.465 to 95.500.
United States — Missouri
1 provisions
Cities with more than 100,000 inhabitants may issue coupon bonds to pay court judgment debts, subject to specified form and signature requirements.
United States — Missouri
1 provisions
Cities covered by this provision must not issue these bonds in a way that increases city debt, and any sale proceeds may be used only to pay the court-ordered sums described here.
United States — Missouri
1 provisions
Cities issuing bonds under sections 95.465 to 95.500 must arrange an annual tax and sinking fund to cover bond interest and principal.
United States — Missouri
1 provisions
Cities over 100,000 must use yearly income from certain utility property first for upkeep and bond interest, and then pay the remainder into the sinking fund for bond principal.
United States — Missouri
1 provisions
Bonds issued under the cited sections are conclusively presumed valid for bona fide holders, and holders do not have to verify the issue’s purpose, procedure, judgments, or use of proceeds.
United States — Missouri
1 provisions
Bonds issued under sections 95.470 to 95.490 do not have to be presented to, registered with, examined by, or certified by the state auditor, except as the city’s two houses of legislation provide.
United States — Missouri
1 provisions
This provision says sections 95.465 to 95.500 do not affect certain earlier laws about city bonds, and those earlier laws also cannot be used to limit these sections.