Effective - 20 Dec 1982
108.901. Bonds, when issued — denominations — interest, how set — form of bonds — treasurer's duties — auditor's duties. — As evidence of the indebtedness authorized by sections 108.900 to 108.914, there shall be issued, from time to time as occasion may require, bonds of the state of Missouri in the form of coupon bonds, which may be registrable as to principal or interest or both, or fully registrable bonds without coupons. They shall be issued in denominations of one thousand dollars each, or multiples thereof, and shall bear dates to be fixed by the board of fund commissioners. They shall bear such rate or rates of interest as may be determined by the board of fund commissioners. The interest thereon may be made payable as determined by the board of fund commissioners. The bonds shall be retired serially and by installments within a period not to exceed twenty-five years from their date of issue. Both principal of and interest on the bonds may be made payable at such place or places, in or out of the state of Missouri, as the board of fund commissioners may designate, and if made payable at any place other than the office of the state treasurer at Jefferson City, Missouri, the state treasurer is authorized and directed to pay all expenses incident thereto. Each separate issue of the bonds shall be given a series designation, either alphabetical or numerical as may be determined by the board of fund commissioners. For the prompt payment of principal of the bonds at maturity and the interest thereon as it falls due, the full faith, credit and resources of the state of Missouri are hereby and herein irrevocably pledged. All bonds issued under and by virtue of sections 108.900 to 108.914, shall be in such form as may be prescribed by the board of fund commissioners. The bonds may, in the discretion of the board of fund commissioners, be executed by the facsimile signature of the governor attested by the great seal of the state of Missouri, and the facsimile signature of the secretary of state and countersigned with the facsimile signature of the state treasurer, but all such bonds shall be executed by the genuine signature of at least one of the members of the board of fund commissioners. Any coupons attached to the bonds, evidencing the interest payments to be made thereon, shall be executed by affixing thereon the facsimile signature of the state treasurer. When directed so to do by the board of fund commissioners, the state auditor shall provide the bonds to be issued and lodge them with the state treasurer in whose custody and charge they shall remain until delivered to the purchaser thereof. The board shall, by resolution, provide a method for registering any of the bonds as the title thereto may be transferred, and for paying the interest thereon as it falls due, and the board shall exchange registered bonds or bonds payable to bearer whenever requested by the holders thereof. The bonds, signed, countersigned, endorsed and sealed, as provided in sections 108.900 to 108.914, when sold, shall be and constitute valid and binding obligations of the state of Missouri, although the sale thereof may be made at a date or dates after any officer whose signature is affixed thereto shall have ceased to be the incumbent of his office.
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(L. 1982 2nd Ex. Sess. S.B. 1 § 2)
Effective 12-20-82
Structure Missouri Revised Statutes
Title VIII - Public Officers and Employees, Bonds and Records
Chapter 108 - Bond Issues, Miscellaneous Provisions
Section 108.010 - County may become indebted, when — limitation.
Section 108.020 - Additional county indebtedness.
Section 108.030 - Interest and principal of indebtedness — annual tax on tangible property (county).
Section 108.040 - Election to authorize county indebtedness — petition.
Section 108.050 - Notice of election.
Section 108.060 - Form of ballot.
Section 108.070 - Vote required for approval — sale of bonds — tax to be imposed.
Section 108.080 - Bonds — denominations, interest rate — depositary (county).
Section 108.090 - County treasurer to sell bonds.
Section 108.100 - Bond registry, contents (county).
Section 108.120 - Road bonds — construction fund (county).
Section 108.130 - Funding of judgment indebtedness — bond issue therefor (county, municipality).
Section 108.140 - Political subdivisions may refund, extend, unify indebtedness.
Section 108.150 - Refunding bonds — provision for payment of interest and principal.
Section 108.160 - Record of redemption and cancellation.
Section 108.180 - Bond issue — funds kept separate.
Section 108.190 - Violation a misdemeanor — penalty.
Section 108.200 - Surplus funds for purchase of bonds.
Section 108.210 - Sale of bonds and purchase of new bonds.
Section 108.230 - Bond issue funds exempt from attachment and execution.
Section 108.240 - Bonds to be certified by state auditor — validity — defenses.
Section 108.250 - Auditor's fee for registering bonds — transmitted to director of revenue.
Section 108.270 - Auditor to certify annually amount required to pay interest, costs.
Section 108.280 - May levy larger tax — must certify to auditor bonds redeemed.
Section 108.290 - Registered bonds, lawful security.
Section 108.300 - Provisions not applicable to certain counties, cities or school districts.
Section 108.310 - Petition for pro forma decree.
Section 108.320 - Notice of presentation of petition — intervening petition.
Section 108.330 - Hearing — court order.
Section 108.350 - Court to determine appeal without delay.
Section 108.400 - Refunding bonds authorized.
Section 108.405 - Refunding bonds, how issued.
Section 108.450 - Definitions — authority to issue bonds, form — restrictions.
Section 108.465 - County defined to include certain cities.
Section 108.470 - Discrimination in granting of loans is unlawful.
Section 108.500 - Definitions.
Section 108.502 - Allocation to bond issuers, state ceiling used.
Section 108.508 - State ceiling for each calendar year, how calculated.
Section 108.512 - Notification of approval, rejection — expiration of approved allocation.
Section 108.518 - Extension procedure — time authorized — bonds not issued, expire when.
Section 108.520 - Certification of bonds.
Section 108.522 - Carry-forward election, procedure.
Section 108.524 - Expiration, resubmission of application.
Section 108.526 - Report of all private activity bonds issued, when — procedure.
Section 108.528 - Violations, effect.
Section 108.530 - State ceiling, revision of, director to make recommendations, when.
Section 108.532 - Allocation of state ceiling, law applicable, when.
Section 108.902 - Bonds, how registered.
Section 108.903 - Bonds, how sold, deposits — proceeds — expenses of sale, how paid.
Section 108.905 - Appropriations from fund, purposes — distribution.
Section 108.906 - Projects to be authorized by general assembly, exceptions.
Section 108.907 - Third state building fund, deposits, how made — interest to accrue to fund.
Section 108.908 - Third state building bond interest and sinking fund created, how used.
Section 108.910 - Tangible property tax, when levied.
Section 108.912 - Bonds, principal and interest, how paid — repurchase, when.
Section 108.913 - Treasurer to report on bond transactions to general assembly.
Section 108.927 - Bonds, how registered.
Section 108.929 - Proceeds of sales paid into fourth state building fund.
Section 108.1000 - Definitions — issuance of bonds, when — federal tax credits.
Section 108.1010 - Allocation of recovery zone bonds, to whom — application — rulemaking authority.