164.151. Form of ballot in all districts--percentage required for approval. - Missouri Statutes

Form of ballot in all districts--percentage required for approval.

164.151. 1. The questions on bond issues in all districts shall besubmitted in substantially the following form:

Shall the .............................. board of education borrowmoney in the amount of ........... dollars for the purpose of............................ and issue bonds for the payment thereofresulting in an estimated increase to the debt service property tax levy of......... (amount of estimated increase) per one hundred dollars ofassessed valuation? If this proposition is approved, the adjusted debtservice levy of the school district is estimated to increase from ........(amount of current school district levy) to ............. (estimatedadjusted debt service levy) per one hundred dollars assessed valuation ofreal and personal property.

2. If the constitutionally required number of the votes cast are forthe loan, the board may, subject to the restrictions of section 164.161,borrow money in the name of the district, to the amount and for the purposespecified in the notices aforesaid, and issue bonds of the district for thepayment thereof.

(L. 1963 p. 200 § 5-15, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621, A.L. 2008 S.B. 711)

(Source: RSMo 1959 §§ 165.040, 165.497, 165.605)