108.030. Interest and principal of indebtedness--annual tax on tangible property (county). - Missouri Statutes

Interest and principal of indebtedness--annual tax on tangibleproperty (county).

108.030. Before incurring any indebtedness under theprovisions of sections 108.010 and 108.020 the county shallprovide for the collection of an annual tax on all taxabletangible property therein sufficient to pay the interest andprincipal of the indebtedness as they fall due, and to retire thesame within twenty years from the date contracted.

(L. 1945 p. 597 § 3294)

CROSS REFERENCE:

Annual tax to pay and retire obligation within twenty years, Const. Art. VI § 26(f)