100.430. Bonds, issuance by authority. - Missouri Statutes

Bonds, issuance by authority.

100.430. 1. An authority shall have power to issue bondsfrom time to time in its discretion for any of its corporatepurposes including the payment of principal and interest upon anyadvances for surveys and plans for projects.

2. An authority shall also have power to issue refundingbonds for the purpose of paying or retiring or in exchange forbonds previously issued by it.

3. An authority may issue such types of bonds as it maydetermine, including, without limiting the generality of theforegoing, bonds on which the principal and interest are payable:

(1) Exclusively from the income, proceeds, and revenues ofthe project financed with the proceeds of such bonds; or

(2) Exclusively from the income, proceeds, and revenues ofany of its projects whether or not they are financed in whole orin part with the proceeds of such bonds.

4. Provided, that any such bonds may be additionally securedby a pledge of any loan, grant or contributions, or partsthereof, from the federal government or other source, or amortgage of any project or projects of the authority.

(L. 1967 p. 172 § 14)