99.910. Form of bond, how determined--more restrictive or additional criteria for mortgages and loans may be set by municipality. - Missouri Statutes

Form of bond, how determined--more restrictive or additional criteriafor mortgages and loans may be set by municipality.

99.910. The governing body of the municipality issuingbonds pursuant to the provisions of sections 99.875 to 99.912shall prescribe the form, details and incidents of the bonds, andshall make such covenants as in its judgment are advisable ornecessary to properly secure the payment thereof; but the form,details, incidents, and covenants shall not be inconsistent withany of the provisions of sections 99.875 to 99.912. Thegoverning body of the municipality may prescribe more restrictiveor additional criteria for mortgages or loans qualifying for thepurposes specified in sections 99.875 to 99.912.

(L. 1992 H.B. 1434 & 1490 § 9 subsec. 9)