108.210. Sale of bonds and purchase of new bonds. - Missouri Statutes

Sale of bonds and purchase of new bonds.

108.210. Whenever the county commission or the governingauthorities of any county, city, incorporated town or village,school district, or other political corporation or subdivision ofthe state shall deem it to be for the best interest of suchcounty, city, incorporated town or village, school district, orother political corporation or subdivision of the state, to sellany bond, note, certificate, or security, so held by it, and toinvest the proceeds derived therefrom in other bonds, notes,certificates, or securities authorized by law, they may ordertheir treasurer to make such sale and collect the proceedstherefrom and to invest the same, within the limitationsauthorized by law, upon such terms and conditions as said countycommission or said governing authorities may authorize; provided,that such sale may be ordered without ordering the purchase ofany other bonds, notes, certificates or securities.

(RSMo 1939 § 3288, A.L. 1945 p. 1389 § 4)

Prior revisions: 1929 § 2901; 1919 § 1049; 1909 § 1256