95.335. Bonds to be negotiable. - Missouri Statutes

Bonds to be negotiable.

95.335. All bonds purporting to be issued by virtue or inpursuance of sections 95.320, 95.325 and 95.330, and signed andsealed as herein provided, shall, in favor of bona fide holders,be conclusively presumed to have been duly and regularlyauthorized and issued in accordance with the provisions hereincontained, and no holder shall be obliged to see to the existenceof the purpose of the issue, or to the regularity of any of theproceedings, or to the validity of the judgments and decrees tobe paid, or to the application of the proceeds. All such bondsshall be negotiable in all respects and to the same extent assecurities negotiable by the law merchant.

(RSMo 1939 § 6984)

Prior revisions: 1929 § 6838; 1919 § 8320