Missouri Revised Statutes













Chapter 95

Financial Administration and Indebtedness

←95.480

Section 95.485.1

95.490→

August 28, 2015

Debt arising from purchase of waterworks, income applied, how (cities over 100,000).

95.485. In case any such bonds shall be issued for the purpose of paying

any such sums required to be paid by a court on account of or in respect of

the purchase or acquisition by such city of any waterworks, gas works,

electric light works or property from which such city may thereafter derive

any income or revenue, such income and revenue for each year shall be used to

pay the cost of maintaining, repairing, enlarging and extending such works or

property, and the interest on such bonds, and the residue of such income and

revenue shall be paid into the sinking fund provided for by section 95.480,

for the payment of the principal of such bonds.



(RSMo 1939 § 7580)



Prior revisions: 1929 § 7437; 1919 § 8845; 1909 § 9694







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