100.150. Revenue bonds payable from revenues only--statement on bond. - Missouri Statutes

Revenue bonds payable from revenues only--statement on bond.

100.150. Revenue bonds issued under sections 100.010 to100.200 shall not be payable from or charged upon any funds,other than the revenue pledged to the payment thereof, nor shallthe municipality issuing the bonds be subject to any pecuniaryliability thereon. Each revenue bond issued under sections100.010 to 100.200 shall recite, in substance, that the bond,including interest thereon, is payable solely from the revenuepledged to the payment thereof and that the bond does notconstitute a debt of the municipality within the meaning of anyconstitutional or statutory limitation.

(L. 1961 p. 189 § 15)

*(Transferred 1967; formerly 71.837)