260.045. Notes issued when, how sold. - Missouri Statutes

Notes issued when, how sold.

260.045. The authority may issue notes payable from theproceeds of bonds to be issued in the future or from such othersources as the authority may specify as in the case of bonds.Such notes shall mature in not more than five years and shall besold at public or private sale as the authority may specify atnot less than ninety-five percent of the principal amount thereofand at such interest rate as the authority shall determine. Theother details with respect to such notes shall be determined bythe authority as in the case of bonds.

(L. 1972 H.B. 1041 § 9, A.L. 1982 S.B. 506, A.L. 1985 H.B. 807)