Missouri Revised Statutes













Chapter 260

Environmental Control

←260.050

Section 260.055.1

260.060→

August 28, 2015

Resolution authorizing notes or bonds, contents of.

260.055. Any resolution authorizing any notes or bonds may contain such

provisions, covenants and agreements subject to any provisions, covenants and

agreements with the holders of bonds or notes then outstanding as the

authority determines necessary. Such provisions, covenants and agreements may

include but shall not be limited to:



(1) Pledging of all or any part of the revenues of the authority, or any

part thereof, to secure the payment of the notes or bonds or of any issue

thereof;



(2) The use and disposition of the revenues of the authority or any part

thereof;



(3) The fixing of rents, fees and other charges and the pledging of the

same and of the revenues of the authority so that the same will be sufficient

to pay the cost of operation, maintenance and repair of any project and the

principal of and interest on notes or bonds secured by the pledge of such

revenues;



(4) Establishing reasonable reserves to secure the payment of such notes

or bonds;



(5) Limitations on the issuance of additional notes or bonds and the

terms upon which the same may be issued and secured.



(L. 1972 H.B. 1041 § 11)



Effective 1-22-73







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