Effective - 28 Aug 1939
249.120. Bonds — denominations — interest — registry — deposit of funds. — 1. Such bonds shall be issued in denominations of one hundred dollars or some multiple thereof; shall be payable to bearer, not later than twenty years from their date; shall bear interest from their date at a rate not exceeding six percent per annum, payable annually or semiannually; such interest payments to be evidenced by annexed coupons, and said bonds shall not be sold for less than ninety-five percent of the face value thereof and together with existing indebtedness of the said district, if any, shall not exceed in the aggregate five percent of the value of all of the taxable property in the district to be ascertained by the assessment next before the last assessment for state and county purposes previous to the incurring of such indebtedness.
2. Such bonds shall be signed by the president of the board of trustees and attested by the signature of the secretary of the board of trustees with the seal of the district affixed thereto. The interest coupons may be executed by affixing thereon the facsimile signature of the secretary of said district. Said bonds may be sold under the same conditions as are provided for the sale of county road bonds.
3. All bonds issued under sections 249.010 to 249.420 shall be registered in the office of the state auditor as provided by law for the registration of bonds of cities and in the office of the secretary of the board of trustees of the district in a book kept for that purpose for registry, shall show the number, date, amount, date of sale, name of the purchaser and the amount for which the bond was sold. The moneys of the district shall be deposited by the treasurer of the district in such bank or banks as shall be designated by order of the board of trustees and the secretary of the district shall charge the treasurer therewith and the said moneys shall be drawn from the said treasury upon warrant issued by the district for the purposes for which the bonds were issued.
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(RSMo 1939 § 12648)
Structure Missouri Revised Statutes
Title XV - Lands, Levees, Drainage, Sewers and Public Water Supply
Chapter 249 - Sewer Districts in Certain Counties
Section 249.010 - Sewer district organization — petition for.
Section 249.020 - Determination of population.
Section 249.030 - Location of sewer district.
Section 249.040 - Sanitary engineer — appointment, oath, duties, reports, contents.
Section 249.050 - Notice of hearing.
Section 249.070 - Election on incorporation — notice.
Section 249.080 - Form of ballot for election to incur indebtedness.
Section 249.090 - Trustees — bonds issued — tax for interest and sinking fund.
Section 249.110 - Tax levy to be authorized by voters — election expenses, how paid.
Section 249.120 - Bonds — denominations — interest — registry — deposit of funds.
Section 249.130 - Taxes levied, when and how.
Section 249.136 - Indebtedness authorized — limitations — election required.
Section 249.140 - Trustees, qualifications, election, term.
Section 249.150 - Biennial elections.
Section 249.160 - Organization of board of trustees.
Section 249.170 - Two trustees may make decision.
Section 249.180 - Vacancies, how filled.
Section 249.190 - Failure of trustee to qualify — compensation of trustees.
Section 249.200 - Trustees to furnish bonds.
Section 249.210 - Trustees shall maintain record of proceedings.
Section 249.220 - Trustees may promulgate rules and regulations.
Section 249.230 - Trustees to employ an attorney.
Section 249.240 - Trustees to provide for payment of salaries, fees.
Section 249.250 - Unpaid warrants to draw interest.
Section 249.255 - Public sewer district lien for unpaid charges — disconnection of services.
Section 249.260 - Trustees to appoint engineer — adoption of sewer plan.
Section 249.270 - Purchase of maps.
Section 249.300 - Sewage disposal plants.
Section 249.310 - Trustees charged with maintenance of system.
Section 249.320 - Appropriation of land.
Section 249.330 - Bids for improvement contracts.
Section 249.340 - Contractual procedure and work specifications.
Section 249.350 - Payments on contract — inspection of work.
Section 249.360 - Subdivision of district.
Section 249.370 - Powers of board of trustees after adoption of plans.
Section 249.380 - Detailed plans of lateral system made and filed by engineer.
Section 249.390 - Election in subdistrict for issuance of bonds.
Section 249.395 - Funding or refunding bonds authorized — how paid.
Section 249.400 - Rental charges from abutting property owners.
Section 249.410 - Delinquent rental charges to bear interest.
Section 249.420 - Additional lateral sewers in subdistrict.
Section 249.430 - Definitions.
Section 249.460 - Sewer engineer appointment — duty to advise county commission.
Section 249.480 - Resolution to be published — hearing of protest.
Section 249.485 - Sewer district to be separate entity not part of county commission, exception.
Section 249.490 - County commission may alter district boundaries.
Section 249.500 - Joint sewers may be established by county commission.
Section 249.510 - Contract bids.
Section 249.520 - Contractor's bond — apportionment of costs — assessments — tax bills.
Section 249.530 - Construction without contract.
Section 249.550 - Assistants employed by sewer engineer.
Section 249.565 - Violation of section or regulation, misdemeanor.
Section 249.570 - Connection of previously constructed sewers.
Section 249.580 - Special tax bills.
Section 249.590 - Record of special tax bills.
Section 249.600 - County not liable for errors.
Section 249.610 - Sewer tax bill record — inquiries about taxes — payments.
Section 249.620 - Collector shall pay holder of tax bill.
Section 249.630 - Procedure of recording payments.
Section 249.650 - Suits to collect taxes.
Section 249.660 - Legal aid — how secured.
Section 249.663 - Dissolution of district when obligations paid — disposition of assets.
Section 249.665 - Incorporated cities excluded from district, when.
Section 249.667 - Powers of county commission as to city property if district bonds issued.
Section 249.670 - Liquidator — appointment — oath — bond — powers and duties.
Section 249.680 - Liquidator to have full charge of district.
Section 249.690 - Court defined.
Section 249.700 - Compensation of liquidator and counsel.
Section 249.710 - Penalty for nonpayment of tax fixed — prior inconsistent laws repealed.
Section 249.720 - Abatement of accrued penalties for delinquency.
Section 249.730 - Court costs not taxed, when.
Section 249.740 - Court costs may be abated, remitted or not taxed.
Section 249.750 - Suits dismissed, when — winding up affairs, discharge of liquidator.
Section 249.761 - Definitions.
Section 249.763 - Incorporation of district — petition — bond.
Section 249.765 - Notice of proceedings.
Section 249.770 - First election of supervisors — terms.
Section 249.773 - Election of supervisors — terms — vacancies, how filled.
Section 249.774 - Board members for sewer districts, appointment, terms, vacancies.
Section 249.775 - Oath of supervisors.
Section 249.783 - Duties of officers.
Section 249.787 - Estimate of expenses — tax levy, how collected.
Section 249.790 - Debt may be incurred, procedure.
Section 249.793 - Board may issue current revenue bonds.
Section 249.795 - Refunding bonds, how issued.
Section 249.797 - Revenue bonds, issuance — effect on fees and charges.
Section 249.803 - Owner and occupant both liable for sewerage charges.
Section 249.805 - Refunding of revenue bonds.
Section 249.807 - Extension of boundaries of district, procedure.
Section 249.810 - Dissolution of district, procedure.
Section 249.925 - Definitions.
Section 249.931 - Boundaries of district, how set.
Section 249.947 - Cause of action to set aside assessment, time limitation.
Section 249.949 - Assessment to be a lien on property.
Section 249.1100 - Consolidation of sewer districts permitted, when, procedure.
Section 249.1103 - Public hearing to be held prior to election for consolidation of sewer districts.
Section 249.1109 - Combining of original districts after consolidation approved.
Section 249.1112 - Board of directors, members, terms, vacancies, expenses.
Section 249.1115 - Powers, privileges and duties of original districts retained after consolidation.