Missouri § 99.500 - Bonds — commissioners not personally liable — not to constitute debt of a political subdivision or state — exempt from income taxes.
Full text of Missouri Revised Statutes of Missouri § 99.500 — Bonds — commissioners not personally liable — not to constitute debt of a political subdivision or state — exempt from income taxes., with citation guidance and answers to common questions.
§ 99.500. Bonds — commissioners not personally liable — not to constitute debt of a political subdivision or state — exempt from income taxes.
1. Neither the commissioners of an authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Bonds issued under this section by a land clearance for redevelopment authority, created by or pursuant to sections 99.330 to 99.410 or by a housing authority, shall not be a debt of the municipality, the county or the state and neither the municipality, the county or the state shall be liable thereon nor in any event shall such bonds be payable out of any funds or properties other than those acquired for the purposes of this law and such bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.
2. Bonds of an authority are declared to be issued for an essential public and governmental purpose and to be public instrumentalities, and interest thereon and income therefrom shall be exempt from income taxes.
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(L. 1951 p. 300 § 10)
---- end of effective 28 Aug 1951 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 99.500
What does Revised Statutes of Missouri § 99.500 cover?
Section 99.500 ("Bonds — commissioners not personally liable — not to constitute debt of a political subdivision or state — exempt from income taxes.") 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 § 99.500?
A common citation format is "Revised Statutes of Missouri § 99.500" (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 § 99.500 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.