8.668. Board to prescribe details and incidents of the bonds and make necessary covenants. - Missouri Statutes

Board to prescribe details and incidents of the bonds and makenecessary covenants.

8.668. The board may prescribe the form, details and incidents of thebonds, and make the covenants that in its judgment are advisable ornecessary properly to secure the payment thereof; but the form, details,incidents and covenants shall not be inconsistent with any of theprovisions of sections 8.660 to 8.670. Such bonds may have the seal of theboard impressed thereon or affixed thereto or imprinted or otherwisereproduced thereon. If such bonds shall be authenticated by the bank ortrust company acting as registrar for such bonds by the manual signature ofa duly authorized officer or employee thereof, the duly authorized officersof the board executing and attesting such bonds may all do so by facsimilesignature provided such signatures have been duly filed as provided in theuniform facsimile signature of public officials law, sections 105.273 to105.278, RSMo, when duly authorized by resolution of the board and theprovisions of section 108.175, RSMo, shall not apply to such bonds. Theholder or holders of any bond or bonds issued hereunder or of any couponsrepresenting interest accrued thereon may, by proper civil action either atlaw or in equity, compel the board to perform all duties imposed upon it bythe provisions of sections 8.660 to 8.670, including the making andcollecting of sufficient rates and charges for the use of the project forwhich the bonds were issued, and also to enforce the performance of any andall other covenants made by the board in the issuance of the bonds.

(L. 2003 H.B. 401 § 8.646)

Effective 2-26-03