164.131. Purposes for which bonds may be issued in urban districts--notice to contain certain information. - Missouri Statutes

Purposes for which bonds may be issued in urban districts--notice tocontain certain information.

164.131. 1. In urban districts, the board may borrow moneyand issue bonds for the payment thereof for the followingpurposes:

(1) Purchasing sites for schoolhouses, public librarybuildings, art galleries, museums, janitors' houses, repairbuildings and supply houses used in the operation and maintenanceof schools and other land for school purposes;

(2) Erecting schoolhouses, library buildings, art galleries,museums, janitors' houses, repair buildings, supply houses andother buildings used in the operation and maintenance of schools;

(3) Building additions to, remodeling and reconstructingbuildings existing at the time of making the loan;

(4) Furnishing any building erected or reconstructed;

(5) Purchasing school buses and other transportationequipment.

2. The question of the loan shall be decided at an election.

3. Notice of the submission of the question shall includethe amount of the loan required, and for what purpose. Thepresident and secretary shall sign the notices.

(L. 1963 p. 200 § 5-13, A.L. 1978 H.B. 971)

(Source: RSMo 1959 § 165.497)