☰ Revisor of Missouri


Chapter 247

< > Effective - 28 Aug 1949 bottom

  247.560.  General obligation bonds — tax levied before issue. — General obligation bonds, within the meaning of sections 247.230 to 247.670, shall be bonds issued within the limitations of indebtedness prescribed under Section 26 of Article VI of the Constitution of Missouri for payment of which, both principal and interest, a direct tax may be levied upon all taxable tangible property within the district.  Before or at the time of issuing general obligation bonds, the board shall provide for the collection of an annual tax to be levied upon all taxable tangible property within the district sufficient to pay the interest and principal of the indebtedness as they fall due and to retire the same within twenty years from the date contracted.  The net income and revenue arising from the operation of the water supply system of such district, after providing for costs of operation, maintenance, depreciation and necessary extensions and enlargements, shall be transferred to and become a part of the interest and sinking fund applicable to such general obligation bonds, unless or until such net revenues are pledged to the payment of special obligation bonds as herein provided.


(L. 1949 p. 350 § 33)

---- end of effective  28 Aug 1949 ----

use this link to bookmark section  247.560

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House