Missouri Revised Statutes













Chapter 250

Sewerage Systems and Waterworks--City or District

←250.050

Section 250.060.1

250.070→

August 28, 2015

Bonds may be issued--vote required--election--form of ballot--annual tax to be levied.

250.060. 1. Bonds of any such sewer district, payable from taxes, may

be issued for the purpose of improving and extending the sewerage system of

the district upon the approval of a proposition to issue such bonds by the

constitutionally required percentage of the voters voting on the question.



2. The question shall be submitted in substantially the following form:

Shall ......... (name of city or district) issue bonds payable from taxes?



3. Before any sewer district shall incur any indebtedness evidenced by

bonds payable from taxes as hereby authorized, such sewer district shall

provide for the collection of an annual tax on all taxable tangible property

therein 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.



(L. 1951 p. 638 § 5, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)







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