Effective - 28 Aug 1971
206.126. Revenue bonds, form of, interest rate — to be negotiable instruments. — 1. Revenue bonds issued pursuant to the provisions of section 206.122 shall be of such denomination, shall bear such rate of interest not to exceed the highest rate permitted by law, and shall mature at such times as determined by the board of directors. The bonds may be either serial bonds or term bonds and may be issued with or without reservation of the right to call them for payment or redemption in advance of their maturity, upon the giving of notice and with or without the covenant requiring the payment of a premium in the event of the call and redemption prior to maturity as the board determines.
2. The bonds when issued and sold shall be negotiable instruments within the meaning of the law merchant and the negotiable instruments law and the interest thereon is exempt from income taxes under the laws of the state of Missouri.
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(L. 1971 S.B. 142)
Structure Missouri Revised Statutes
Title XII - Public Health and Welfare
Chapter 206 - Hospital District Law
Section 206.010 - District created, how — territory included — name — powers.
Section 206.020 - Petition of voters for district, where filed, contents.
Section 206.030 - Notice of hearing on petition — costs of notice.
Section 206.040 - Procedure where several petitions filed — amendments.
Section 206.050 - If petition sufficient county commission to order election.
Section 206.070 - Form of ballot.
Section 206.080 - Results of election to be entered in county records.
Section 206.105 - Bylaws of board of trustees, contents — applications to practice, contents.
Section 206.110 - Powers of hospital district.
Section 206.122 - Revenue bonds authorized, when.
Section 206.124 - Revenue bonds not an indebtedness of the issuing authority.
Section 206.126 - Revenue bonds, form of, interest rate — to be negotiable instruments.
Section 206.130 - Annexation of territory to district — election — form of ballot.
Section 206.140 - Records of district — officers and employees to give bond.
Section 206.150 - Board as trustee may accept and hold property donated — duties.
Section 206.157 - Excess property, sale of authorized — procedure — proceeds, how used.