Missouri § 205.162 - Bonds, rate, denomination, maturity — negotiable.
Full text of Missouri Revised Statutes of Missouri § 205.162 — Bonds, rate, denomination, maturity — negotiable., with citation guidance and answers to common questions.
§ 205.162. Bonds, rate, denomination, maturity — negotiable.
1. Revenue bonds issued pursuant to the provisions of sections 205.161 to 205.169 shall be such denomination, shall bear such rate or rates of interest not to exceed the highest rate permitted by law, and shall mature at such time or times, not exceeding thirty-five years from their date of issue, as determined by the county commission in its order or resolution directing the issuance of such bonds. Such bonds may be either serial bonds or term bonds and may be issued with or without reservation of the right to call them for payment or redemption in advance of their maturity, upon the giving of notice, and with or without a covenant requiring the payment of a premium in the event of a call for redemption prior to maturity.
2. The bonds when issued and sold shall be negotiable instruments within the meaning of chapter 400, and the interest thereon shall be exempt from any state or local income taxes under the laws of the state of Missouri.
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(L. 1972 H.B. 1262 § 3)
---- end of effective 28 Aug 1972 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 205.162
What does Revised Statutes of Missouri § 205.162 cover?
Section 205.162 ("Bonds, rate, denomination, maturity — negotiable.") 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 § 205.162?
A common citation format is "Revised Statutes of Missouri § 205.162" (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 § 205.162 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.