Missouri Revised Statutes













Chapter 204

Common Sewer Districts in Certain Areas

←204.390

Section 204.400.1

204.410→

August 28, 2015

District to charge and collect sufficient revenues.

204.400. It shall be the mandatory duty of any common sewer district

which shall issue revenue bonds pursuant to sections 204.250 to 204.470:



(1) To fix and maintain rates and make and collect charges for the use

and services of the system, for the benefit of which revenue bonds were

issued, sufficient to pay the cost of maintenance and operation thereof;



(2) To pay the principal of and the interest on all revenue bonds issued

by the common sewer district chargeable to the revenues of the system; and



(3) To provide funds ample to meet all valid and reasonable requirements

of the resolution by which the revenue bonds have been issued. The rates shall

be from time to time revised so as fully to meet the requirements of sections

204.250 to 204.470. As long as any bond so issued or the interest thereon

shall remain outstanding and unpaid, rates and charges sufficient to meet the

requirements of this section shall be maintained and collected by the sewer

district which issued the bonds.



(L. 1967 p. 310 § 21)







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