95.370. Bonds may be issued to pay judgments, when--procedure. - Missouri Statutes

Bonds may be issued to pay judgments, when--procedure.

95.370. The mayor and board of aldermen of any city of thefourth class, upon the assent of the constitutionally requiredpercentage of the voters of the city voting on the question,may, by ordinance, issue bonds of the city in amounts not lessthan one hundred dollars each, for the purpose of paying anyindebtedness of such city, reduced to judgment, which bondsshall run for a period not exceeding twenty years, may carryinterest at a rate not exceeding the rate per annum authorizedby law, which shall be signed by the mayor, attested by the cityclerk, and shall bear the seal of the city.

(RSMo 1939 § 7153, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)

Prior revisions: 1929 § 7003; 1919 § 8454; 1909 § 9356