Missouri Revised Statutes













Chapter 91

Municipally Owned Utilities

←91.595

Section 91.596.1

91.597→

August 28, 2015

Revenue bonds--election--form of ballot.

91.596. 1. Whenever the board of public works of any such city shall

desire to issue such revenue bonds for any or all of the purposes enumerated

in section 91.595 it shall make written request, authorized by majority vote

of its members, to the mayor and council of such city requesting the

submission of the question of authorizing the issuance of said bonds which

request shall set forth the amount of funds required and the purposes for

which the same is to be expended.



2. The council may then by ordinance submit the proposition to the

voters of the city.



3. The question shall be submitted in substantially the following form:



Shall the city of . . . . . . issue revenue bonds, in the amount of . . .

. . . dollars to be payable solely from the revenues derived from the

operation of . . . . . . (utility) by the city and not a general or personal

obligation of the city, for the purpose of . . . . . . . (here state purpose)?



4. If a majority of the voters of such city voting on the question shall

vote "YES" then the board of public works of such city shall be authorized to

issue waterworks revenue bonds not to exceed the amount approved by the

voters.



(L. 1951 p. 349 § 2, A.L. 1975 H.B. 947, A.L. 1978 H.B.

971)







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