80.460. 1. The chairman of the board of trustees of alltowns and villages in this state shall procure from the clerk ofthe county commission in which such town is located, and it shallbe the duty of said clerk to deliver to the chairman of the boardof trustees within twenty days after the date of the finaladjournment of the board of equalization a certified abstractfrom his assessment books, as corrected by the board ofequalization, on all property within such town subject to itstaxing power and the assessed value thereof as corrected by theboard of equalization, which abstract shall be immediatelytransmitted to the board of trustees, and it shall be the duty ofsuch board of trustees to establish by ordinance the annual ratesof tax levy for the year for municipal purposes upon all subjectsand objects of taxation within such town, which tax shall notexceed the maximum rate for general municipal purposes of fiftycents on the one hundred dollars assessed valuation; provided,however, that the rate of taxation for general municipal purposesherein limited may be increased for such purposes for a periodnot to exceed four years at any one time when such rate andpurpose of increase are submitted to a vote of the voters withinsuch towns and two-thirds of the voters voting thereon shall votetherefor, but such increase so voted shall be limited to amaximum rate of taxation not to exceed thirty cents on the onehundred dollars assessed valuation. The board of trustees of anysuch towns may submit a question for increase of levy when in theopinion of such board of trustees the necessity therefor arises,and such question shall be submitted by such board of trusteeswhen petitioned therefor by voters equaling in number fivepercent or more of the voters of such towns or villages votingfor mayor or member of board of trustees at the last election atwhich a mayor or member of board of trustees was elected.
2. The question shall be submitted in substantially thefollowing form:
Shall there be a .... cent increase in levy on one hundreddollars assessed valuation for general municipal purposes for.... years?
3. If such increase in levy shall be voted, then suchincreased levy shall be effective for the number of yearsdesignated, and no longer, but such towns through their boards oftrustees may submit any such proposal for continuing suchincrease of levy at any time for like periods not to exceed fouryears each.
(RSMo 1939 § 7259, A.L. 1945 p. 1278, A.L. 1978 H.B. 971)Prior revisions: 1929 § 7108; 1919 § 8557; 1909 § 9445