95.480. Sinking fund--annual tax (cities over 100,000). - Missouri Statutes

Sinking fund--annual tax (cities over 100,000).

95.480. Every city issuing bonds under the provisions ofsections 95.465 to 95.500 shall, before or at the time of doingso, provide for the collection of an annual tax, which, togetherwith all sums which shall be applicable to the payment of theprincipal and interest of the said bonds, shall be sufficient topay the interest of the said bonds, as it falls due, and also toconstitute a sinking fund for the payment of the principalthereof at the maturity thereof. Such sinking fund shall be keptinvested and managed in the same manner as the other sinkingfunds of such city.

(RSMo 1939 § 7579)

Prior revisions: 1929 § 7436; 1919 § 8844; 1909 § 9693