Missouri Revised Statutes













Chapter 100

Industrial Development

←100.150

Section 100.155.1

100.160→

August 28, 2015

Revenue bonds, municipalities, refunding issue authorized--form and terms.

100.155. 1. Any municipality which has revenue bonds issued pursuant to

the provisions of sections 100.010 to 100.200 may issue refunding revenue

bonds to provide funds to refund any or all of such revenue bonds, including

payment of unpaid interest, premiums and other expenses connected therewith,

whether the bonds to be refunded have or have not matured. The form of such

refunding revenue bonds, and the terms under which such refunding revenue

bonds may be issued, including the number of the years within which they are

to be redeemed and their interest rate or rates, which interest rate or rates

may be less than, the same, or greater than that of the revenue bonds being

refunded, shall be specified by the ordinance, order, indenture or resolution

authorizing the refunding bonds. Refunding under the provisions of this

section may be effected by a private or public sale of the refunding revenue

bonds, and the application of the proceeds to the purchase, redemption or

payment of the revenue bonds to be refunded, or by an exchange of the

refunding revenue bonds for the revenue bonds being refunded with the consent

of the holder or holders of the revenue bonds being refunded. The refunding

revenue bonds shall be paid solely from revenue received from the project or

projects financed by the revenue bonds being refunded, and shall not be a

general obligation of the municipality.



2. Any municipality proposing to issue refunding revenue bonds shall

issue those bonds pursuant to the provisions of sections 100.010 to 100.200.



(L. 1981 S.B. 250 §§ 1, 2, A.L. 1983 S.B. 316)



Effective 6-22-83







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