95.380. Tax to be levied for payment of bonds and interest. - Missouri Statutes

Tax to be levied for payment of bonds and interest.

95.380. Every city issuing bonds under the provisions ofsections 95.370 to 95.400, inclusive, shall, before or at thetime of doing so, provide for the levy and collection of anannual tax sufficient to pay the interest on such indebtedness asit falls due, and also to constitute a sinking fund for thepayment of the principal thereof, within twenty years from thedate of issue of the said bonds.

(RSMo 1939 § 7155)

Prior revisions: 1929 § 7005; 1919 § 8456; 1909 § 9358