Missouri § 247.580 - Bonds, when payable — interest, execution — denomination.
Full text of Missouri Revised Statutes of Missouri § 247.580 — Bonds, when payable — interest, execution — denomination., with citation guidance and answers to common questions.
§ 247.580. Bonds, when payable — interest, execution — denomination.
All general obligation bonds, issued under the provisions of sections 247.230 to 247.670 shall be payable serially, beginning not more than five years after date they bear, and the last installment thereof shall be payable not more than twenty years after such date. All revenue bonds issued under the provisions of sections 247.230 to 247.670 shall be payable serially, beginning not more than five years after the date they bear, and the last installment thereof shall be payable not more than thirty years after such date. Such bonds shall bear a rate of interest not exceeding six percent per annum, payable semiannually, shall be executed by the president of the board, attested by the secretary of the board, under the seal of the district, and shall be of such denomination as the board of directors may determine.
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(L. 1949 p. 350 § 35)
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Frequently Asked Questions About Missouri § 247.580
What does Revised Statutes of Missouri § 247.580 cover?
Section 247.580 ("Bonds, when payable — interest, execution — denomination.") 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 § 247.580?
A common citation format is "Revised Statutes of Missouri § 247.580" (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 § 247.580 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.