Missouri Revised Statutes













Chapter 198

Convalescent, Nursing and Boarding Homes

←198.316

Section 198.318.1

198.320→

August 28, 2015

Board of directors to prescribe form, make necessary covenants, restrictions--bondholders, remedies of--revenue bonds, not to be exclusive method of financing.

198.318. 1. The board of directors, issuing bonds under the provisions

of section 198.312, shall prescribe the form, details and incidents of the

bonds, and the board of directors shall make such covenants as in their

judgment are advisable or necessary properly to secure the payment thereof;

but the form, details, incidents and covenants shall not be inconsistent with

any of the provisions of sections 198.312 to 198.318.



2. The holder of any bonds issued hereunder or of any coupons

representing interest accrued thereon may, by civil action either at law or

in equity, compel the board of directors issuing such bonds to perform all

duties imposed upon them by the provisions of sections 198.312 to 198.318,

and also to enforce the performance of any and all other covenants made by

such board of directors in the issuance of the bonds.



3. The provisions of sections 198.312 to 198.318 shall not be exclusive

of other legal methods of financing the facilities therein described, but

shall furnish an alternative method of finance.



(L. 1978 H.B. 1769)







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