234.280. Maturity date may be extended. - Missouri Statutes

Maturity date may be extended.

234.280. 1. In lieu of issuing toll bridge revenuerefunding bonds as provided for in section 234.220, the governingauthority of any public agency now or hereafter havingoutstanding bonds issued under the provisions of sections 234.210to 234.300, may, with the consent of the holders of such bonds,extend the maturity date or dates of such bonds and, with likeconsent, may also reserve the right to call in, pay and redeemsuch bonds on any interest payment date prior to the extendedmaturity date or dates thereof, and, with like consent, may alsochange the interest rate thereon. All such changes in the termsof such bonds shall be evidenced by proper endorsement orendorsements to be made on or attached to such bonds and byattaching to such bonds such appropriate interest coupons as maybe necessary to evidence the interest to accrue thereon to suchextended maturity date or dates. No such extension of maturityor reservation of the right of redemption prior to maturity, orchange in interest rate shall be construed as changing or varyingin any respect or to any extent any other terms or provisions ofsuch bonds.

2. Upon the making of any such extension or extensions ofmaturities, or upon reservation of the right of redemption priorto maturity, or upon making any change of interest rate, thegoverning authority of the public agency by which such bonds wereissued shall cause to be certified to the state auditor ofMissouri, for filing in his office, a full transcript ofproceedings and other documents relating to such extension,reservation or change, but such bonds, bearing such endorsementor endorsements and having such appropriate interest couponsattached thereto, need not again be registered by said stateauditor.

(L. 1941 p. 525 § 5d)