Missouri Revised Statutes













Chapter 95

Financial Administration and Indebtedness

←95.470

Section 95.475.1

95.480→

August 28, 2015

Proceeds from sale of bonds used to pay judgment (cities over 100,000).

95.475. No such bonds shall be issued in such a manner as to increase

the indebtedness of the said city, but such bonds shall be delivered in

payment and discharge of sums which it shall be required to pay by the

judgment or decree of any court, at least equal to the principal sum of the

bonds so delivered, or such bonds shall be sold as directed by the two houses

of legislation of the city, or, in the absence of such directions, by the

city treasurer, and the proceeds thereof shall be applied only to the payment

of the sums aforesaid; but all such bonds so sold shall be delivered at the

same time that the sums aforesaid shall be paid and discharged.



(RSMo 1939 § 7578)



Prior revisions: 1929 § 7435; 1919 § 8843; 1909 § 9692







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.