Missouri § 238.240 - Indebtedness, authorized — bonds, authority to issue — limitations.
Full text of Missouri Revised Statutes of Missouri § 238.240 — Indebtedness, authorized — bonds, authority to issue — limitations., with citation guidance and answers to common questions.
§ 238.240. Indebtedness, authorized — bonds, authority to issue — limitations.
1. A district may contract and incur liabilities appropriate to accomplish its purposes.
2. It may lease or lease-purchase any real or personal property necessary or convenient for its purposes.
3. It may borrow money for its purposes at such rates of interest as the district may determine.
4. It may issue bonds, notes and other obligations, and may secure any of such obligations by mortgage, pledge, assignment or deed of trust of any or all of the property and income of the district, subject to the restrictions provided in sections 238.200 to 238.275. The district shall not mortgage, pledge or give a deed of trust on any real property or interests which it obtained by eminent domain. The district shall not mortgage, pledge or give a deed of trust on any real property or interests which it acquired from the state of Missouri or any agency or political subdivision thereof without the written consent of the state, agency or political subdivision from which it obtained the property.
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(L. 1990 S.B. 479 & 649 § 51, A.L. 1997 S.B. 303, A.L. 1998 S.B. 861)
---- end of effective 28 Aug 1998 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 238.240
What does Revised Statutes of Missouri § 238.240 cover?
Section 238.240 ("Indebtedness, authorized — bonds, authority to issue — limitations.") 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 § 238.240?
A common citation format is "Revised Statutes of Missouri § 238.240" (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 § 238.240 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.