Missouri § 247.140 - Issuance of current revenue bonds, when.
Full text of Missouri Revised Statutes of Missouri § 247.140 — Issuance of current revenue bonds, when., with citation guidance and answers to common questions.
§ 247.140. Issuance of current revenue bonds, when.
During the period of time given the board to levy a tax on property within the district for incidental expenses as that term is used in sections 247.010 to 247.220, the board may issue and sell current revenue bonds to bear interest at not to exceed six percent per annum, to meet the current expenses of the district incurred in advance of the revenue to be derived from such incidental tax levy, and to be paid out of such current revenue when accrued. Such bonds may be for six, nine, or twelve months and shall not exceed in the aggregate one-half of the revenue for the fiscal year for which they are issued. The president of the board of directors shall execute the bonds on behalf of the district and which shall be attested by the clerk with the seal of the district.
--------
(RSMo 1939 § 12637)
---- end of effective 28 Aug 1939 ----
use this link to bookmark section 247.140
Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 247.140
What does Revised Statutes of Missouri § 247.140 cover?
Section 247.140 ("Issuance of current revenue bonds, when.") 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 § 247.140?
A common citation format is "Revised Statutes of Missouri § 247.140" (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 § 247.140 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.