Missouri § 100.450 Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax.

Missouri Statutes

§ 100.450 — Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax.

Missouri § 100.450

Title VIICITIES, TOWNS AND VILLAGES

Ch. 100Industrial Development

This text of Missouri § 100.450 (Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 100.450 (2026).

Text

1.Neither the commissioners of any authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Bonds issued under this section by an authority, created by or pursuant to sections * shall not be a debt of the municipality, the county or the state and neither the municipality, the county or the state shall be liable thereon nor in any event shall such bonds be payable out of any funds or properties other than those acquired for the purposes of this law and such bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.

2.Bonds of an authority are declared to be issued for an essential public and governmental purpose and to be public instrumentalities, and in

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1. Neither the commissioners of any authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Bonds issued under this section by an authority, created by or pursuant to sections * shall not be a debt of the municipality, the county or the state and neither the municipality, the county or the state shall be liable thereon nor in any event shall such bonds be payable out of any funds or properties other than those acquired for the purposes of this law and such bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.

2. Bonds of an authority are declared to be issued for an essential public and governmental purpose and to be public instrumentalities, and interest thereon and income therefrom shall be exempt from income taxes.