Missouri Revised Statutes













Chapter 176

Revenue Bonds of State Educational Institutions--Higher Education Risk Management Associations

←176.050

Section 176.055.1

176.060→

August 28, 2015

Provision for issuance, installment payment of bonds and conversion to smaller bonds.

176.055. Notwithstanding any other provision of law, in any resolution

authorizing bonds under sections 176.010 to 176.080, including refunding

bonds, the governing body may provide for the initial issuance of one or more

bonds (in this section called "bond") and may make such provision for

installment payments of the principal amount of any such bond as it may

consider desirable and may provide for the making of any such bond

registrable as to principal or as to both principal and interest, and where

interest accruing thereon is not represented by interest coupons, for the

endorsing of payments of interest on such bond. The governing body may

further make provision in any such resolution for the manner and

circumstances in and under which any such bond may in the future, at the

request of the holder thereof, be converted into bonds of smaller

denominations, which bonds of smaller denominations may in turn be either

coupon bonds or bonds registrable as to principal or principal and interest.



(L. 1959 H.B. 367)







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