Missouri § 243.560 - Bond issues authorized, amount — rate — payable when — county treasurer to sell — cost, not obligation of county.
Full text of Missouri Revised Statutes of Missouri § 243.560 — Bond issues authorized, amount — rate — payable when — county treasurer to sell — cost, not obligation of county., with citation guidance and answers to common questions.
§ 243.560. Bond issues authorized, amount — rate — payable when — county treasurer to sell — cost, not obligation of county.
1. The county commission may, on behalf of the district, issue bonds not to exceed ninety percent of the total amount of the assessments levied under the provisions of sections 243.550 to 243.553, in denominations of not less than one hundred dollars, bearing interest from date at a rate not to exceed six percent per annum, payable semiannually, to mature at annual intervals within twenty years, commencing after a period of years, not later than five years, to be determined by the county commission, both principal and interest payable at some convenient banking hours or trust company's office to be named in the bonds, which bonds shall be signed by the presiding commissioner, attested by the signature of the county clerk.
2. All of said bonds shall be executed and delivered to the county treasurer, who shall sell the same in such quantities and at such dates as the county commission may deem necessary to meet the payments for the works and improvements in the district. The bonds shall not be sold for less than ninety-five cents on the dollar, with accrued interest, shall show on their face the purpose for which they are issued, and shall be payable out of money derived from the assessment levied under the provisions of sections 243.550 to 243.553. The bonds shall not be payable out of funds of the county and are not obligations of the county.
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(L. 1993 S.B. 56 § 243.560 subsecs. 1, 2)
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Frequently Asked Questions About Missouri § 243.560
What does Revised Statutes of Missouri § 243.560 cover?
Section 243.560 ("Bond issues authorized, amount — rate — payable when — county treasurer to sell — cost, not obligation of county.") 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 § 243.560?
A common citation format is "Revised Statutes of Missouri § 243.560" (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 § 243.560 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.