Missouri § 71.360 - Parking facilities, how financed.
Full text of Missouri Revised Statutes of Missouri § 71.360 — Parking facilities, how financed., with citation guidance and answers to common questions.
§ 71.360. Parking facilities, how financed.
Any such incorporated city, town, or constitutional charter county may finance and pay for the planning, designing, acquisition, construction, equipment and improvement of property for parking motor vehicles by any one or combination of the following methods:
(1) General revenue funds, including any proceeds derived from the operation of such parking facilities;
(2) General obligation bonds within legal debt limitations;
(3) Negotiable interest-bearing revenue bonds, the principal and interest of which shall be payable solely from the revenue derived from the operation of such parking facilities, and from the proceeds, or any part thereof, from on-street parking meter receipts of any city or town, which proceeds or any part thereof may be pledged by the city, town or constitutional charter county to the retirement of negotiable interest-bearing revenue bonds, which revenue bonds may be issued and sold by such municipality or constitutional charter county when authorized by the city council, board of aldermen, county council or other legislative authority of the city, town or county.
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(L. 1947 V. I p. 392 § 7411b, A.L. 1955 p. 300, A.L. 1959 H.B. 328)
(1956) Provision authorizing pledge of on-street parking meter receipts for payment of revenue bonds issued to enable city to acquire off-street parking facilities held constitutional. Petition of City of Liberty (Mo.), 296 S.W.2d 117.
---- end of effective 28 Aug 1959 ----
Frequently Asked Questions About Missouri § 71.360
What does Revised Statutes of Missouri § 71.360 cover?
Section 71.360 ("Parking facilities, how financed.") 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 § 71.360?
A common citation format is "Revised Statutes of Missouri § 71.360" (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 § 71.360 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.