Missouri § 96.226 - Bonds, interest, mature when.
Full text of Missouri Revised Statutes of Missouri § 96.226 — Bonds, interest, mature when., with citation guidance and answers to common questions.
§ 96.226. Bonds, interest, mature when.
1. Revenue bonds issued under section 96.222 shall be of such denomination, shall bear such rate of interest not to exceed the highest rate permitted by law, and shall mature at such times as determined by the city council upon the recommendation of the board of trustees. The bonds may be either serial bonds or term bonds and may be issued with or without reservation of the right to call them for payment or redemption in advance of their maturity, upon the giving of notice and with or without the covenant requiring the payment of a premium in the event of the call and redemption prior to maturity as the board determines.
2. The bonds when issued and sold shall be negotiable instruments within the meaning of the law merchant and the negotiable instruments law and the interest thereon is exempt from income taxes under the laws of the state of Missouri.
--------
(L. 1969 p. 171)
---- end of effective 28 Aug 1969 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 96.226
What does Revised Statutes of Missouri § 96.226 cover?
Section 96.226 ("Bonds, interest, mature 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 § 96.226?
A common citation format is "Revised Statutes of Missouri § 96.226" (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 § 96.226 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.