Missouri Revised Statutes













Chapter 644

Water Pollution

←644.511

Section 644.515.1

644.516→

August 28, 2015

Bonds, how sold, deposits--proceeds--expenses of sale, how paid.

644.515. The board of fund commissioners shall offer such bonds at

public sale, and shall provide such method as it may deem necessary for the

advertisement of the sale of each issue of the bonds before the same are

sold, and shall require a deposit of such sum with each bid as will in its

judgment be sufficient to guarantee the fulfillment thereof and generally

shall conduct the sale or sales under such rules and regulations as shall to

it seem advisable, provided the same are consistent with sections 644.500 to

644.560. The board may reserve the right to reject any and all bids. The

proceeds thereof shall be paid into the state treasury as herein provided.

No bond issue issued under sections 644.500 to 644.560 shall be sold at less

than its face value and accrued interest from date of issue to date of

delivery. All expenses incurred by the board of fund commissioners in

issuing the bonds, or any part thereof, and attending the placing of the

bonds on the market in a marketable condition, shall be paid by the state

treasurer out of the proceeds of the sale of the bonds upon warrants drawn by

the commissioner of administration to persons entitled thereto.



(L. 1972 S.B. 596 § 4)



Effective 3-29-72



*Transferred 1986; formerly 204.515







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