95.320. Bonds to issue, when--rate of interest. - Missouri Statutes

Bonds to issue, when--rate of interest.

95.320. The mayor and council of any city of the thirdclass, for the purpose of paying any sum of money which it maynow or hereafter be required to pay by the judgment or decree ofany court of record, may issue coupon bonds of the city, payablein such lawful money of the United States as they may provide,which shall run for a period not exceeding twenty years, maycarry interest payable annually or semiannually, at a rate notexceeding six percent per annum, shall be signed by the mayor,countersigned by the city treasurer, attested by the city clerk,and shall bear the seal of the city.

(RSMo 1939 § 6981)

Prior revisions: 1929 § 6835; 1919 § 8317