Effective - 28 Aug 1939
247.140. Issuance of current revenue bonds, when. — During the period of time given the board to levy a tax on property within the district for incidental expenses as that term is used in sections 247.010 to 247.220, the board may issue and sell current revenue bonds to bear interest at not to exceed six percent per annum, to meet the current expenses of the district incurred in advance of the revenue to be derived from such incidental tax levy, and to be paid out of such current revenue when accrued. Such bonds may be for six, nine, or twelve months and shall not exceed in the aggregate one-half of the revenue for the fiscal year for which they are issued. The president of the board of directors shall execute the bonds on behalf of the district and which shall be attested by the clerk with the seal of the district.
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(RSMo 1939 § 12637)
Structure Missouri Revised Statutes
Title XV - Lands, Levees, Drainage, Sewers and Public Water Supply
Chapter 247 - Public Water Supply Districts
Section 247.010 - Formation of public corporations.
Section 247.020 - Districts to be political corporations, numbered.
Section 247.031 - Detachment from district, when — procedure — costs — petition form.
Section 247.035 - Sewer treatment facilities, construction and operation, when — procedure.
Section 247.040 - Formation of public water supply district — procedure.
Section 247.050 - Powers of public water supply districts.
Section 247.070 - Organization of board, when.
Section 247.080 - Board — further powers.
Section 247.090 - Board — quorum.
Section 247.100 - Duties of officers of board.
Section 247.110 - Board to fix rates and charges — delinquencies to create lien, when — procedure.
Section 247.120 - Board — estimation of tax levy — county commission to levy tax.
Section 247.130 - Power of districts — bond elections.
Section 247.140 - Issuance of current revenue bonds, when.
Section 247.150 - Bonded indebtedness, how refunded — refunding bonds, conditions imposed.
Section 247.160 - Mains and equipment conveyed to city, when — conditions.
Section 247.165 - Water service to annexed territory, agreement may be developed, procedure.
Section 247.171 - Proportion of sum of all outstanding bonds and debts, calculation.
Section 247.200 - Rights of districts.
Section 247.210 - Condemnation of property — procedure.
Section 247.230 - Purpose of law.
Section 247.240 - Metropolitan water supply districts, limits.
Section 247.250 - Proceeding to incorporate, where filed — power of court.
Section 247.260 - Organization of district, procedure.
Section 247.270 - Contents of petition.
Section 247.280 - Deposit for costs.
Section 247.290 - Hearing, when — notice by publication.
Section 247.300 - Exclusive jurisdiction of court — property-owning judge not disqualified.
Section 247.310 - Petition — effect of defect — amendment — supplemental petition.
Section 247.320 - Protesting petition, where filed, contents.
Section 247.330 - Dismissal of petition, when — costs — no appeal — effect of dismissal.
Section 247.340 - Declaration of district organization.
Section 247.360 - Force of final order.
Section 247.370 - Records relating to incorporation, where and how filed — fees.
Section 247.380 - Members of board — oath — bond.
Section 247.390 - Organization of board — seal.
Section 247.400 - Treasurer — bond — financial statement — fiscal year.
Section 247.410 - Board — compensation — removal.
Section 247.420 - Meetings of board, quorum, vacancy — annual audit.
Section 247.430 - Election of directors.
Section 247.440 - Powers of board.
Section 247.450 - Levy taxes — collection.
Section 247.460 - Levy, how made — limitations on levy.
Section 247.470 - Certification of levy to county commission — election on increased rate.
Section 247.480 - Approval of rate at election — certification.
Section 247.490 - Rate to be sufficient to pay principal and interest on bonds.
Section 247.500 - Collection of taxes — interest and penalties — lien of taxes.
Section 247.510 - Collection of delinquent taxes.
Section 247.520 - Boundaries of district, how changed.
Section 247.530 - Owner may petition for exclusion of property from district — procedure.
Section 247.540 - Certain property subject to taxes.
Section 247.550 - District may borrow money — procedure.
Section 247.560 - General obligation bonds — tax levied before issue.
Section 247.570 - Special revenue obligation bonds — revenues pledged before issue.
Section 247.580 - Bonds, when payable — interest, execution — denomination.
Section 247.590 - Issuance of current revenue bonds, when — execution.
Section 247.600 - Elections in district.
Section 247.630 - Election on question of dissolution — effect — procedure if question approved.
Section 247.640 - Effect of dissolution — appointment of trustee.
Section 247.650 - Defective notice, when given.
Section 247.660 - Cases involving validity of organization, when heard.
Section 247.670 - Sale of water outside district prohibited.