100.090. General obligation bonds authorized. - Missouri Statutes

General obligation bonds authorized.

100.090. Any municipality may issue its general obligationbonds in an amount not in excess of ten percent of the assessedvaluation of the taxable tangible property in the municipalityto provide funds for the carrying out of a project undersections 100.010 to 100.200. Proposals for the issuance ofgeneral obligation bonds shall be submitted in the mannerprovided by sections 95.135 to 95.170, RSMo, and if the issuanceof the bonds is approved by the constitutionally requiredpercentage of the voters voting on the proposition, the bondsshall be issued and a tax shall be levied for their payment inthe same manner as other general obligation bonds of themunicipality.

(L. 1961 p. 189 § 9, A.L. 1976 H.B. 1359, A.L. 1990 H.B. 1621)

*(Transferred 1967; formerly 71.817)