215.150. Redemption of notes and bonds. - Missouri Statutes

Redemption of notes and bonds.

215.150. The commission, subject to the terms of anyagreements with noteholders or bondholders as may then exist,shall have power out of any funds available therefor and nototherwise committed, to purchase notes or bonds of the commissionwhich shall thereupon be canceled at a price not exceeding: (a)if the notes or bonds are redeemable, the redemption price thenapplicable plus accrued interest to the next interest paymentdate thereon, or (b) if the notes or bonds are not thenredeemable, the redemption price applicable on the first dateafter such purchase upon which the notes or bonds become subjectto redemption plus accrued interest to such date.

(L. 1969 H.B. 130 § 23)