Missouri Revised Statutes













Chapter 95

Financial Administration and Indebtedness

←95.485

Section 95.490.1

95.495→

August 28, 2015

Bonds presumed to have been regularly authorized and issued--negotiability (cities over 100,000).

95.490. All bonds purporting to be issued by virtue or in pursuance of

sections 95.470 to 95.485, and signed and sealed as herein provided, shall in

favor of bona fide holders, be conclusively presumed to have been duly and

regularly authorized and issued in accordance with the provisions herein

contained and no holder shall be obliged to see to the existence of the

purpose of the issue, or to the regularity of any of the proceedings, or to

the validity of the judgments and decrees to be paid, or to the application

of the proceeds. All such bonds shall be negotiable in all respects and to

the same extent as securities negotiable by the law merchant.



(RSMo 1939 § 7581)



Prior revisions: 1929 § 7438; 1919 § 8846; 1909 § 9695







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