71.480. Joint fire department--denomination and form of bonds. - Missouri Statutes

Joint fire department--denomination and form of bonds.

71.480. The bonds to be issued, as provided in section71.470, shall be in denominations of one hundred dollars or somemultiple thereof, and shall be payable to bearer not later thantwenty years from their date, and shall bear interest from theirdate at a rate not exceeding six percent per annum, payableannually or semiannually, such interest payments to be evidencedby annexed coupons, and said bonds shall not be sold for lessthan ninety-five percent of the face value thereof and shall notexceed in the aggregate the limit of indebtedness hereinspecified. Such bonds shall be signed by the mayor or chairmanof the board of trustees and attested by the signature of theclerk of the municipality with the seal of his office affixedthereto. The interest coupons may be executed by affixingthereon the facsimile signature of said clerk.

(RSMo 1939 § 7399)

Prior revision: 1929 § 7248