Missouri Revised Statutes
Chapter 164 - Tax Levies and Bonded Indebtedness
Section 164.121 - Purposes for which bonds may be issued in districts other than metropolitan and urban.

Effective - 28 Aug 1978
164.121. Purposes for which bonds may be issued in districts other than metropolitan and urban. — 1. The school board of any district other than a metropolitan or urban district may borrow money and issue bonds for the payment thereof for the following purposes:
(1) Purchasing schoolhouse sites and other land for school purposes;
(2) Erecting schoolhouses or library buildings;
(3) Furnishing schoolhouses or library buildings;
(4) Building additions to or repairing old buildings;
(5) Purchasing school buses and other transportation equipment;
(6) Paying off and discharging assessments made by counties, cities, towns and villages or other political subdivisions or public corporations of the state against the district in connection with the erection, construction and maintenance of sewers and sewer systems, sidewalks, guttering, curbing and paving of streets and alleys adjoining and abutting real estate of the district if the general funds of the district are insufficient in the judgment of the board to pay and discharge the assessment.
2. The question of any loan under this section shall be decided at an election.
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(L. 1963 p. 200 § 5-12, A.L. 1978 H.B. 971)
(Source: RSMo 1959 §§ 165.040, 165.043)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XI - Education and Libraries

Chapter 164 - Tax Levies and Bonded Indebtedness

Section 164.011 - Annual estimate of required funds, tax rates required, criteria for exceptions — estimates, where sent — department duties.

Section 164.013 - Schools, certain districts, operating levy adjustment required when, effect — not to affect senior citizen tax relief benefit.

Section 164.021 - Excess levy, procedure.

Section 164.031 - Form of ballot.

Section 164.041 - County clerk to assess the rate returned and extend taxes on tax books.

Section 164.051 - Outstanding obligations of lapsed or dissolved districts, procedure to pay — tax levy, proceeds how allocated.

Section 164.071 - Levy and collection of taxes in metropolitan districts.

Section 164.081 - Levy of library building tax — vote required — rate and period of levy.

Section 164.091 - Notice of election.

Section 164.101 - Form of ballot.

Section 164.111 - Levy and collection of tax — library building fund.

Section 164.121 - Purposes for which bonds may be issued in districts other than metropolitan and urban.

Section 164.131 - Purposes for which bonds may be issued in urban districts — notice to contain certain information.

Section 164.141 - Purposes for which bonds may be issued in metropolitan districts — notice to contain certain information.

Section 164.151 - Form of ballot in all districts — percentage required for approval.

Section 164.161 - Restrictions on loans.

Section 164.181 - Duties of treasurer of seven-director districts — liability.

Section 164.191 - Issuance by any district of funding and refunding bonds — record.

Section 164.201 - Exchange and sale of refunding bonds — restrictions.

Section 164.221 - Redeemed bonds of school districts to be destroyed — record — witnesses.

Section 164.231 - Issuance of revenue bonds to pay for dormitory, athletic stadiums by seven-director districts — security for bonds.

Section 164.241 - Approval by two-thirds of directors required for issuance of bonds.

Section 164.251 - Bonds not to constitute an indebtedness.

Section 164.261 - Bonds, denomination, interest rate, contents — negotiable — income exempt from state tax — how sold.

Section 164.271 - Board may prescribe form and detail of bonds — may be compelled to perform duties and agreements of district.

Section 164.281 - Operating expense may include cost of athletic equipment and uniforms.

Section 164.291 - Records of bonds, payment and revenues to be kept — disposition of surplus revenues.

Section 164.301 - Refunding of bonds.

Section 164.303 - School district bond fund established, purpose to fund health and educational facilities authority, costs and grants — lapse into general revenue fund, prohibited.