95.155. Bonds issued, when, terms. - Missouri Statutes

Bonds issued, when, terms.

95.155. Upon the result of the submission of the questionbeing certified to the council, board of aldermen or trustees,as the case may be, if the proposition to incur or increase suchindebtedness be assented to by the constitutionally requiredpercentage of the voters voting on the proposition, the council,board of aldermen or trustees, as the case may be, may, byordinance or resolution, declare the result of the submission ofthe question and cause bonds of such municipality to be issued,not exceeding the amount authorized, and in denominations of notless than one hundred dollars, or some multiple thereof, payablein not more than twenty years from the date they bear, bearinginterest from date at a rate not exceeding the rate per annumauthorized by law. All such bonds shall be signed by the mayorof the city, or chairman of the board of trustees of the town orvillage, as the case may be, attested by the signature of theclerk, and each bond shall have impressed thereon the corporateseal of the municipality. In the event that the charter underwhich a municipality may be operating makes no provision for theoffice of mayor, such bonds shall be signed by the presidingofficer of the governing body of such municipality. In theevent that the charter under which a municipality may beoperating makes no provision for the office of clerk, such bondsshall be attested by the officer designated by the charter asthe custodian of the seal of the municipality.

(RSMo 1939 § 7371, A.L. 1957 p. 280, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)

Prior revisions: 1929 § 7220; 1919 § 8659; 1909 § 9547