95.125. Indebtedness for street improvements. - Missouri Statutes

Indebtedness for street improvements.

95.125. Any city, whether organized under the general lawsof this state or by special charter or by constitutionalcharter, by a vote of the constitutionally required percentageof the voters thereof voting thereon, may become indebted, notexceeding in the aggregate an additional ten percent of thevalue of the taxable tangible property therein as shown by thelast completed assessment for state and county purposes, for thepurpose of acquiring rights-of-way, constructing, extending andimproving the streets and avenues and acquiring rights-of-way,constructing, extending and improving sanitary or storm sewersystems. The governing body of such city may provide that anyportion or all of the cost of any such improvement be levied andassessed by such governing body on property benefited by suchimprovement, and, when so provided, such city shall collect anyspecial assessments so levied and shall use the same toreimburse the city for the amount paid or to be paid by it onthe bonds of the city issued for such improvement.

(L. 1945 p. 1299 § 7368b, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)