Missouri § 242.504 - Supervisors may issue bonds, limitation on.
Full text of Missouri Revised Statutes of Missouri § 242.504 — Supervisors may issue bonds, limitation on., with citation guidance and answers to common questions.
§ 242.504. Supervisors may issue bonds, limitation on.
1. The board of supervisors may, if in their judgment it seems best, issue bonds which, when added to the bonded indebtedness then outstanding, do not exceed ninety percent of the total amount of taxes levied pursuant to section 242.502. The funds derived from the sale of said bonds shall be used to pay the costs of drainage works and improvements as shown in the supplemental plan for reclamation adopted by the board of supervisors pursuant to section 242.230 and to refund outstanding protested warrants.
2. The bonds shall be issued pursuant to and in accordance with the provisions of section 242.480.
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(L. 1977 S.B. 2)
---- end of effective 28 Aug 1977 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 242.504
What does Revised Statutes of Missouri § 242.504 cover?
Section 242.504 ("Supervisors may issue bonds, limitation on.") 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 § 242.504?
A common citation format is "Revised Statutes of Missouri § 242.504" (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 § 242.504 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.