242.130. Extending time of corporate existence.

MISSOURI STATUTES AND CODES

242.130. Extending time of corporate existence.

Extending time of corporate existence.

242.130. 1. Whenever the board of supervisors of anydistrict organized under sections 242.010 to 242.690 or anyprevious enactment of the general assembly of the state ofMissouri providing for the organization of drainage districts bythe circuit courts, finds that, in order to either raise funds tocomplete the plan for reclamation, pay for works alreadycompleted, pay bonds outstanding and interest thereon, orinterest on the same, restore any works or construct new works orfor any other cause, the time for which any such drainagedistrict has been incorporated should be extended, such boardshall call a meeting of landowners of the district in the samemanner as is provided for in section 242.150; the notice shallstate the time, place and purpose of such meeting, and that ifthe majority of acres represented at said meeting be cast infavor of such extension of the district's corporate existence apetition will be presented to the court organizing the district,asking for such extension of time.

2. Such meeting shall be conducted in the same manner as isprovided in section 242.150 for the election of supervisors,except that one member of the board of supervisors shall act aschairman of such meeting and the secretary of the board or hisdeputy shall act as clerk; and if a majority of the acreagerepresented at such meeting shall vote in favor of such extensionthe board of supervisors shall within forty-five days before thenext term of the circuit court file a petition with the clerk ofsaid court praying for the extension of the corporate existenceof the district, and after the filing of such petition the sameproceeding shall be had as is provided for in sections 242.030and 242.040 relating to articles of association and incorporationof the district.

3. If such petition be granted by the court, within twentydays thereafter the circuit clerk shall transmit a copy of thedecree to the secretary of the board of supervisors who shalltransmit a copy of the same to the secretary of state and to therecorder of deeds of each county having land or other property inthe district, who shall file and preserve the same in his office,and for such service he shall receive a fee of one dollar. Incase the court should find that such extensions should not beallowed said petition shall be dismissed and the cost incurred inthe case be paid by the district.