72.195. Bonded indebtedness of municipalities to become debt of consolidated municipality--when. - Missouri Statutes

Bonded indebtedness of municipalities to become debt ofconsolidated municipality--when.

72.195. Unless otherwise provided in the proposition asvoted upon, the bonded indebtedness of each municipality at thetime of the consolidation which was incurred for the purpose ofpurchasing, constructing or repairing local improvements orfacilities for the residents of the municipality shall continueto be the debt of the taxpayers in the area of the formermunicipality and a special tax sufficient to retire theindebtedness shall be levied against the property within the areaof the former municipality, but the bonded indebtedness of anymunicipality which was incurred for the purpose of purchasing,constructing or repairing improvements or facilities which are tobe used generally by the consolidated municipality shall becomethe indebtedness of the consolidated municipality. The questionas originally submitted shall list each separate bondedindebtedness of the municipalities and shall clearly indicatewhether the tax necessary to retire it is to be levied generallyor locally.

(L. 1965 p. 193, A.L. 1978 H.B. 971)

(1979) Consolidation ballots shall comply with statutory requirements concerning the form of the ballot and it is not necessary to list the bonded indebtedness of each municipality and how such indebtedness will be retired on the ballot. State of Mo. ex rel. Holly v. Kielhofner (A.), 587 S.W.2d 647.