184.372. Bonds, when issued, form, limitations. - Missouri Statutes

Bonds, when issued, form, limitations.

184.372. Upon the result of such question being certified bythe election authority respectively to the board and if theproposition to incur or increase such indebtedness be assented toby voters voting on the question as required by or hereafter maybe required by section 26(b) of article VI of the Missouriconstitution, the board may by resolution declare the results ofthe submission of the question and cause the bonds of suchdistrict to be issued, payable to the bearer, not exceeding theamount authorized, and in denominations of not less than onehundred dollars, or some multiple thereof, payable in not morethan twenty years from the date they bear with* interest from thedate at a rate not exceeding the highest rate of interestpermitted by law payable semiannually which bonds shall haveinterest coupons attached to conform to the face thereof. Allsuch bonds shall be signed by the chairman of the board, attestedby the signature of the secretary, and each bond shall haveimpressed thereon the corporate seal of the district; provided,however, that whenever one thousand or more bonds are to beexecuted as of the same date, the resolution pursuant to whichsuch bonds are issued may direct that such bonds be executed bythe facsimile signature of the chairman and secretary of theboard. Such bonds may be negotiated and sold but in no caseshall they be sold for less than par.

(L. 1969 3d Ex. Sess. H.B. 23 § 12, A.L. 1978 H.B. 971)

*Word "with" does not appear in original rolls.