Missouri Revised Statutes
Chapter 95
Financial Administration and Indebtedness
←95.470
Section 95.475.1
95.480→
August 28, 2015
Proceeds from sale of bonds used to pay judgment (cities over 100,000).
95.475. No such bonds shall be issued in such a manner as to increase
the indebtedness of the said city, but such bonds shall be delivered in
payment and discharge of sums which it shall be required to pay by the
judgment or decree of any court, at least equal to the principal sum of the
bonds so delivered, or such bonds shall be sold as directed by the two houses
of legislation of the city, or, in the absence of such directions, by the
city treasurer, and the proceeds thereof shall be applied only to the payment
of the sums aforesaid; but all such bonds so sold shall be delivered at the
same time that the sums aforesaid shall be paid and discharged.
(RSMo 1939 § 7578)
Prior revisions: 1929 § 7435; 1919 § 8843; 1909 § 9692
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