Missouri § 249.390 Election in subdistrict for issuance of bonds.

Missouri Statutes

§ 249.390 — Election in subdistrict for issuance of bonds.

Missouri § 249.390

Title XVLANDS, LEVEES, DRAINAGE, SEWERS AND PUBLIC WATER SUPPLY

Ch. 249Sewer Districts in Certain Counties

This text of Missouri § 249.390 (Election in subdistrict for issuance of bonds.) 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. § 249.390 (2026).

Text

When such report is filed, the question shall be submitted of whether the board of trustees shall have authority to issue bonds for the purpose of anticipating the revenues of said subdistrict for the cost of construction of said system of sewers, the total amount of said bonds not to exceed the estimated cost as shown in the report of the chief engineer.  If a majority of such voters, voting on the question, shall vote in favor of authorizing the board of trustees to issue such bonds, the board of trustees shall have the power to issue and sell the same in the same manner as is provided in section 249.090 for the issuance and sale of other bonds of the district.  Bonds issued under this section shall not run for a period of more than twenty years nor bear a higher rate of interest than si

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When such report is filed, the question shall be submitted of whether the board of trustees shall have authority to issue bonds for the purpose of anticipating the revenues of said subdistrict for the cost of construction of said system of sewers, the total amount of said bonds not to exceed the estimated cost as shown in the report of the chief engineer. If a majority of such voters, voting on the question, shall vote in favor of authorizing the board of trustees to issue such bonds, the board of trustees shall have the power to issue and sell the same in the same manner as is provided in section 249.090 for the issuance and sale of other bonds of the district. Bonds issued under this section shall not run for a period of more than twenty years nor bear a higher rate of interest than six percent per annum.