Effective - 28 Aug 1959
257.390. Public sale of bonds, minimum price — use of proceeds. — The board of trustees on behalf of the district shall sell its bonds to the best advantage at public sale on sealed bids but for no less than ninety-five cents on the dollar and the proceeds shall be paid over to the treasurer of the district, who shall disburse the proceeds on order of the board of trustees in payment of costs incidental to the holding of the election, the issuance of the bonds and in paying the costs of constructing and carrying into execution the plan of improvement adopted for the district. The sale of the bonds shall be publicly advertised for such time and in such manner as the board directs.
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(L. 1959 S.B. 199 § 39)
Structure Missouri Revised Statutes
Title XVI - Conservation, Resources and Development
Chapter 257 - Water Conservancy Districts
Section 257.020 - Definitions.
Section 257.030 - Organization — proceedings in circuit court — disqualification of judge.
Section 257.050 - Bond for expenses.
Section 257.060 - Secondary or tributary drainage area, recommendation of state agency.
Section 257.090 - Court to call election — contents of call.
Section 257.100 - Form of ballot.
Section 257.110 - Vote required to approve district.
Section 257.120 - Costs, how paid and taxed, counties reimbursed, when.
Section 257.130 - District established, when — status and powers.
Section 257.150 - Copies of decree recorded, where, sent to agency designated by governor.
Section 257.170 - Election of trustees, procedure.
Section 257.180 - Oath of trustees — organization — seal, records, meetings, quorum.
Section 257.200 - Powers of board, limits.
Section 257.210 - Board and agents may enter lands for surveys — interference, penalty.
Section 257.220 - Condemnation of land by board.
Section 257.230 - Cemetery lands, procedure on taking or damaging.
Section 257.240 - Board to make regulations, violation, misdemeanor, enforcement by civil process.
Section 257.250 - Contracts, procedure for letting — concessions, how granted.
Section 257.260 - Concessions to be reappraised each twenty years.
Section 257.270 - Board to employ guards to enforce regulations, powers.
Section 257.290 - Plans of district, adoption, state agency designated by governor to approve.
Section 257.330 - Funds of district, how kept — cost of plans, how paid — use of surplus.
Section 257.340 - Use of money received as aid from public agency.
Section 257.350 - Organization tax — pledge of anticipated revenues.
Section 257.380 - Form of ballot.
Section 257.390 - Public sale of bonds, minimum price — use of proceeds.
Section 257.400 - Tax lien not affected by disincorporation or failure of action — enforcement.
Section 257.410 - Failure to collect taxes, penalty.
Section 257.430 - Profiting by officer from district contracts or moneys, penalty — liability.
Section 257.440 - Performance of duties compelled by mandamus.
Section 257.460 - Defective notice of any proceeding, effect.
Section 257.470 - District liable for negligence.