Missouri § 321.260 - Matters considered when certifying annual levies — additional levies.
Full text of Missouri Revised Statutes of Missouri § 321.260 — Matters considered when certifying annual levies — additional levies., with citation guidance and answers to common questions.
§ 321.260. Matters considered when certifying annual levies — additional levies.
The board in certifying annual levies as herein provided shall take into account, in addition to the amounts necessary for general purposes as herein provided, the maturing indebtedness for the ensuing year as provided in its bonds and the interest on bonds, and deficiencies and defaults of prior years and any contractual obligation and shall make ample provision for the payment thereof. In case the moneys produced from such levies, together with other revenues of the district are not sufficient to pay punctually the annual installments on its bonds and the interest thereon, and to pay any defaults and deficiencies on any such bonds or contracts duly approved by the voters of the district, then the board shall provide for such additional levying of taxes as may be necessary to pay for all such, and notwithstanding any limitations, such taxes shall be continued to be levied until the indebtedness of the district shall be fully and currently paid.
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(L. 1947 V. I p. 432 § 27)
---- end of effective 10 Sep 1947 ----
Frequently Asked Questions About Missouri § 321.260
What does Revised Statutes of Missouri § 321.260 cover?
Section 321.260 ("Matters considered when certifying annual levies — additional levies.") 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 § 321.260?
A common citation format is "Revised Statutes of Missouri § 321.260" (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 § 321.260 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.