Missouri § 99.905 - Bond's rate of interest — maturing when — may be with or without right to call for payment or redemption — minimum price of bond — sale requirements.
Full text of Missouri Revised Statutes of Missouri § 99.905 — Bond's rate of interest — maturing when — may be with or without right to call for payment or redemption — minimum price of bond — sale requirements., with citation guidance and answers to common questions.
§ 99.905. Bond's rate of interest — maturing when — may be with or without right to call for payment or redemption — minimum price of bond — sale requirements.
Revenue bonds issued pursuant to the provisions of sections 99.875 to 99.912 shall be of such denomination, shall bear such rate or rates of interest not to exceed fourteen percent per annum, and shall mature at such time or times, not exceeding thirty-five years from their date of issue, as determined by the governing body of the municipality in its ordinance directing the issuance of the bonds. 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 a covenant requiring the payment of a premium in the event of a call for redemption prior to maturity. The bonds may be sold at such price or prices as the issuing municipality shall determine, but at not less than ninety-four percent of the principal amount thereof. Such bonds shall be sold at public sale, or at private sale if the governing body of the municipality determines it is in the best interest of the issuing municipality to sell the bonds at private sale. The reason or reasons that private sale is in the best interest of the issuing municipality shall be set forth in the ordinance authorizing the private sale. The decision of the governing body of the municipality shall be conclusive.
--------
(L. 1992 H.B. 1434 & 1490 § 9 subsec. 7)
---- end of effective 28 Aug 1992 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 99.905
What does Revised Statutes of Missouri § 99.905 cover?
Section 99.905 ("Bond's rate of interest — maturing when — may be with or without right to call for payment or redemption — minimum price of bond — sale requirements.") 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 § 99.905?
A common citation format is "Revised Statutes of Missouri § 99.905" (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 § 99.905 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.