Missouri Statutes
§ 198.316 — Revenue bonds, form of, interest rate — to be negotiable instruments.
Missouri § 198.316
This text of Missouri § 198.316 (Revenue bonds, form of, interest rate — to be negotiable instruments.) 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. § 198.316 (2026).
Text
1.Revenue bonds issued pursuant to the provisions of section 198.312 shall be of such denomination, shall bear such rate of interest not to exceed the highest rate permitted by law, and shall mature at such times as determined by the board of directors. The bonds may be either serial bonds or term bonds and may be issued with or without reservation of the right to call them for payment or redemption in advance of their maturity, upon the giving of notice and with or without the covenant requiring the payment of a premium in the event of the call and redemption prior to maturity as the board determines.
2.The bonds when issued and sold shall be negotiable instruments within the meaning of the law merchant and the negotiable instruments law and the interest thereon is exempt from incom
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Legislative History
(L. 1978 H.B. 1769)
Nearby Sections
15
§ 198.003
Citation of law.§ 198.005
§ 198.005§ 198.006
Definitions.§ 198.009
Department to administer — promulgation of rules, procedure — cooperation of other agencies.§ 198.012
Provisions of sections 198.003 to 198.136 not to apply, when — exempt entities may be licensed.§ 198.026
Noncompliance, how determined — procedure to correct — notice — reinspection — probationary license.§ 198.027
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Bluebook (online)
Missouri § 198.316, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/198/198.316.