249.951. Temporary notes may be issued by governing body to pay cost of improvements--general obligation bond shall be issued to pay off notes. - Missouri Statutes

Temporary notes may be issued by governing body to pay cost ofimprovements--general obligation bond shall be issued to pay offnotes.

249.951. After an improvement has been authorized pursuant tosections 249.929 to 249.933, the governing body of any city with apopulation of three hundred fifty thousand or more inhabitants which islocated in more than one county, or the governing body of the county of thefirst classification without a charter form of government that has apopulation of at least one hundred sixty thousand inhabitants, or thegoverning body of any county of the first classification without a charterform of government containing a portion of a city with a population of atleast three hundred fifty thousand inhabitants, or the governing body ofany county of the first classification without a charter form of governmentas of August 28, 1995, that has a population of more than one hundred fivethousand but less than one hundred twenty thousand inhabitants, may issuetemporary notes of such city or county to pay the costs of such improvementin an amount not to exceed the estimated cost of such improvement. Generalobligation bonds of such city or county shall be issued and sold asprovided in section 249.927 to refund, retire and pay off such temporarynotes and any accrued interest thereon to the date of payment.

(L. 1995 H.B. 88 § 17)