71.470. Joint fire department--issuance of bonds--imposition of tax. - Missouri Statutes

Joint fire department--issuance of bonds--imposition of tax.

71.470. If it appears from the returns of such questionthat the constitutionally required percentage of the voters ofsuch municipality were in favor of incurring such indebtedness,the council, board of aldermen or board of trustees shall passan ordinance reciting the submission of the question and theresult thereof, both for and against the question, and if theresult, as certified, shall be in favor of the issuing of thebonds, then the council, board of aldermen or board of trusteesin the same ordinance shall direct the issuance of such bonds tothe amount of the debt so authorized to be incurred and shall,either before or at the time of doing so, provide for thecollection of an annual tax sufficient to pay the interest onsuch indebtedness as it falls due and also to create a sinkingfund for the payment of the principal thereof within twentyyears from the date of contracting the same.

(RSMo 1939 § 7398, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)

Prior revision: 1929 § 7247