165.141. Execution and certification of notes--registration by county treasurer--record of issuance and payment--cancellation.

MISSOURI STATUTES AND CODES

165.141. Execution and certification of notes--registration by county treasurer--record of issuance and payment--cancellation.

Execution and certification of notes--registration by countytreasurer--record of issuance and payment--cancellation.

165.141. 1. The notes shall be known as tax anticipationnotes of the school district and shall be signed by the presidentof the school board and attested by the clerk or secretary. Theclerk or secretary of the school board shall certify on the backof each note that the note is issued pursuant to an order of theschool board of the district and the aggregate principal amountof all prior notes and warrants issued against the fund referredto in the note which are unpaid at the date of the certificate.All notes issued under this section and section 165.131 shall beregistered, without fee, before delivery in the office of thecounty treasurer of the county in which the school district lies.The registry shall show the number, date, amount and interestrate of each note, the fund for which issued, date of sale andname of the payee, if any, or of the purchaser if payable tobearer. Upon payment and cancellation the notes shall besubmitted to the county treasurer who shall record the date ofpayment and cancellation in his record of registry.

2. The secretary of the school district shall keep true andcorrect record of the issuance, and of the fact and date ofpayment of all notes, and deliver a duplicate thereof to thetreasurer of the school district. The notes upon payment shallbe canceled and it shall not be lawful for the school district topurchase and reissue any of the notes.