Missouri § 204.634 - Resolution authorizing revenue bonds — accounts.
Full text of Missouri Revised Statutes of Missouri § 204.634 — Resolution authorizing revenue bonds — accounts., with citation guidance and answers to common questions.
§ 204.634. Resolution authorizing revenue bonds — accounts.
1. The resolution of the board of trustees of the reorganized common sewer district authorizing the issuance of revenue bonds under the authority of sections 204.600 to 204.640 may provide that periodic allocations of the revenues to be derived from the operation of the system for the benefit of which the bonds are issued shall be made into such accounts, separate and apart from any other accounts of the district, as shall be deemed to be advisable to assure the proper operation and maintenance of the system and the prompt payment of the indebtedness chargeable to the revenues of the system. The accounts may include, but shall not be limited to:
(1) An account to provide funds to operate and maintain the system;
(2) An account to provide funds to pay principal and interest on the bonds as they come due;
(3) An account to provide an adequate reserve for depreciation, to be expended for replacements of the system;
(4) An account for the accumulation of a reserve to assure the prompt payment of the bonds and the interest whenever and to the extent that other funds are not available for that purpose;
(5) An account to provide funds for contingent expenses in the operation of the system;
(6) An account to provide for the accumulation of funds for the construction of extensions and improvements to the system; and
(7) Such other accounts as may be desirable in the judgment of the board of trustees.
2. The resolution also may establish such limitations as may be expedient upon the issuance of additional bonds, payable from the revenues of the system, or upon the rights of the holders of such additional bonds. Such resolution may include other agreements with the holders of the bonds or covenants or restrictions necessary or desirable to safeguard the interests of the bondholder and to secure the payment of the bonds and the interest thereon.
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(L. 2007 S.B. 22)
---- end of effective 28 Aug 2007 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 204.634
What does Revised Statutes of Missouri § 204.634 cover?
Section 204.634 ("Resolution authorizing revenue bonds — accounts.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 204.634?
A common citation format is "Revised Statutes of Missouri § 204.634" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 204.634 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.