Missouri Revised Statutes













Chapter 242

Drainage Districts Organized in Circuit Court

←242.480

Section 242.485.1

242.490→

August 28, 2015

Additional bond issue authorized, when--form of ballot.

242.485. 1. The board of supervisors may, if in their judgment it seems

best, issue additional bonds which do not exceed ninety percent of the amount

of new taxes levied pursuant to paragraph 2 of section 242.450. The funds

derived from the sale of said bonds shall be used only to pay the costs of

replacing, repairing, and reconstructing the drainage works and improvements

called for and completed pursuant to the plan for reclamation originally

adopted by the board of supervisors.



2. The board of supervisors shall issue such additional bonds only if,

at a meeting called for such purpose, the issuance of the bonds obtains the

approval of the owners of two-thirds of the acreage in the district having

benefits assessed against it. The owners of property within the district

shall vote at such meeting in the manner provided in sections 242.150 and

242.160.



3. Notice for the meeting referred to in paragraph 2 shall be in

substantially the following form:



NOTICE OF MEETING OF



........... DRAINAGE DISTRICT



Notice is hereby given to owners of land and other property in ..........

drainage district of Missouri that a meeting will be held on ..............,

20...., at ...... o'clock at .............. in ........ County for the

purpose of approving the issuance of bonds to finance the cost of replacing,

repairing and reconstructing the drainage works and improvements called for

and contemplated in the plan for reclamation originally adopted by the board

of supervisors, and transacting such further business as may come before said

meeting. The meeting will be open to the public.



Done by order of the Board of Supervisors this ....... day of

.............., 20....



....................................



Secretary of the Board of Supervisors



4. The secretary shall cause the notice of the meeting to be published

once a week for two consecutive weeks in some newspaper published in each

county in which lands of the district are situated, the last insertion to be

at least ten days before the day of such meeting.



5. The bonds shall be issued in all other respects pursuant to and in

accordance with the provisions of section 242.480.



(L. 1977 S.B. 2)







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