Missouri § 349.060 Notes, issuance, provisions, sale.

Missouri Statutes

§ 349.060 — Notes, issuance, provisions, sale.

Missouri § 349.060

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 349Industrial Development Corporations

This text of Missouri § 349.060 (Notes, issuance, provisions, sale.) 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. § 349.060 (2026).

Text

Pending the issuance of bonds, the corporation may issue notes payable from the proceeds of such bonds or from such other sources as the corporation may specify as in the case of bonds.  Such notes shall mature in not more than five years and shall be sold at public or private sale as the corporation may specify at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations.  The other details with respect to such notes shall be determined by the corporation as in the case of bonds.

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Pending the issuance of bonds, the corporation may issue notes payable from the proceeds of such bonds or from such other sources as the corporation may specify as in the case of bonds. Such notes shall mature in not more than five years and shall be sold at public or private sale as the corporation may specify at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations. The other details with respect to such notes shall be determined by the corporation as in the case of bonds.