Effective - 28 Aug 1988
182.717. Bonds issued by district, limitation, purposes, rate — approval by voters required — form and content — sale — amount of bond. — 1. The board of trustees of an urban public library district may provide for the purchase of ground and for the erection of public library buildings, and for the improvement of existing buildings, and for the furnishing of the buildings and may provide for the payment of the same by the issue of bonds or otherwise, subject to the conditions and limitations set forth in this section.
2. No bonds of the public library district shall be issued in an amount in excess of the constitutional limitations of the value of taxable, tangible property in an urban public library district, as shown by the last completed assessment for state and county purposes, nor shall such indebtedness be incurred unless it has been approved by the vote of the constitutionally required percentage of the voters of an urban public library district voting on the question at an election. The ballot for approval shall state in boldfaced type the tax rate necessary to retire the bonds as nearly accurate as may be.
3. The board of trustees shall provide for the collection of an annual tax on all taxable, tangible property in an urban public library district sufficient to pay the interest and principal of the indebtedness as they shall fall due and to retire the same within twenty years from the date contracted.
4. If, upon the returns from the election, which shall be certified to the board of trustees, it appears that the question to incur indebtedness has been assented to by the constitutionally required percentage of the voters voting on the question, the board of trustees shall enter of record a brief recital of the returns and shall declare that the urban public library district board of trustees may issue bonds of the urban public library district in a total amount not in excess of that authorized by the voters. The board of trustees shall offer such bonds at public sale and shall provide such method as it may deem necessary for the advertisement of the sale of each issue of said bonds before the same are sold. The bonds shall be issued, payable to bearer and in denominations of not less than one hundred dollars, or some multiple thereof, payable in not more than twenty years from the date they bear, bearing interest from date at a rate not exceeding the rate allowable by law, payable semiannually, and with interest coupons attached to conform to the fact thereof. All bonds shall be signed by the president of the board of trustees, attested by the signature of the treasurer, and each bond shall have impressed thereon the corporate seal of the urban public library district.
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(L. 1988 S.B. 681)
Structure Missouri Revised Statutes
Title XI - Education and Libraries
Chapter 182 - County and City Libraries — Libraries Generally
Section 182.040 - City may become part of county library district — procedure — effect.
Section 182.060 - Board to organize — rules and regulations — county librarian, appointment.
Section 182.070 - General powers of district — seal.
Section 182.073 - Treasurer of board, custodian of funds, duties.
Section 182.080 - Board may contract for library service — procedure.
Section 182.105 - Issuance of bonds for building — limits — maturity — election — tax to pay.
Section 182.110 - Librarians required to attend meetings — expenses.
Section 182.120 - Services accessible to all residents of county.
Section 182.143 - Treasurer of board of trustees, duties.
Section 182.170 - Trustees, number, appointment.
Section 182.180 - Terms of office of trustees — removal.
Section 182.190 - Vacancies, how filled — three terms disqualifies — nepotism forbidden.
Section 182.210 - Annual report of librarian, contents, when submitted.
Section 182.221 - Treasurer, librarian and board employees — bond, duties (cities 600,000 or more).
Section 182.230 - Library free to public subject to regulations.
Section 182.240 - Council may provide penalties for damage to property.
Section 182.270 - Plans — contracts for library building (cities 10,000 or over).
Section 182.280 - Board may sell lands, when — exceptions (cities 10,000 or over).
Section 182.296 - Treasurer, librarian and board employees — bond, duties (city and county library).
Section 182.301 - City or city-county library may contract for cooperative service.
Section 182.410 - Directors — appointment — number — board to be bipartisan.
Section 182.420 - Term of directors — removal.
Section 182.430 - Vacancies, how filled — no compensation.
Section 182.440 - Duty of board — appointment of officers — powers.
Section 182.450 - Board to make annual report — contents.
Section 182.460 - City to provide penalties.
Section 182.480 - Municipal library districts created in cities — property subject to taxation.
Section 182.490 - City library tax rate to be continued — construction of library laws.
Section 182.510 - Law not to prevent merger of city and county district.
Section 182.610 - County library districts may consolidate, when.
Section 182.620 - Consolidation — resolution — election — form of ballot — transfer of property.
Section 182.645 - Fiscal year — budget — treasurer custodian of funds.
Section 182.647 - Bonds of employees — records and reports required.
Section 182.650 - Rate of tax — election to increase rate — form of ballot.
Section 182.655 - Board may purchase land and erect buildings — bonds issued, when — election.
Section 182.670 - Board to adopt rules and regulations — suspension of library privileges, when.
Section 182.701 - Definitions.
Section 182.705 - Powers — duties of urban public library districts.
Section 182.709 - Retirement system, employees eligible for certain public school retirement system.
Section 182.713 - Bond required for treasurer, librarian and certain other employees.
Section 182.800 - Free libraries — funds, investment of.
Section 182.810 - Insurance for library boards.
Section 182.815 - Disclosure of library records, definitions.