Effective - 28 Aug 1980
349.060. Notes, issuance, provisions, sale. — Pending the issuance of bonds, the corporation may issue notes payable from the proceeds of such bonds or from such other sources as the corporation may specify as in the case of bonds. Such notes shall mature in not more than five years and shall be sold at public or private sale as the corporation may specify at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations. The other details with respect to such notes shall be determined by the corporation as in the case of bonds.
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(L. 1977 S.B. 267 § 11, A.L. 1980 H.B. 1582 & 1277)
Structure Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 349 - Industrial Development Corporations
Section 349.010 - Definitions.
Section 349.015 - No eminent domain.
Section 349.020 - Agricultural operations not authorized.
Section 349.025 - Who may be incorporators.
Section 349.030 - Articles of incorporation, form and contents of.
Section 349.035 - Articles, where filed — secretary of state to issue certificate, when.
Section 349.040 - Articles, how amended.
Section 349.050 - Powers of corporation.
Section 349.052 - General and business corporation law applicable — exceptions.
Section 349.055 - Revenue bonds, issuance, provisions, sale.
Section 349.060 - Notes, issuance, provisions, sale.
Section 349.065 - Renewal notes, issued when, how.
Section 349.070 - Resolutions authorizing issuance of bonds or notes, provisions authorized in.
Section 349.075 - Trust agreements authorized.
Section 349.080 - Individuals not liable on notes or bonds.
Section 349.085 - Notes and bonds declared to be approved investments for fiduciaries.
Section 349.090 - Projects not tax exempt, exceptions — bond and note interest is exempt, exception.
Section 349.095 - Dissolution of corporation, effect of.
Section 349.100 - Disclaimer as to impairment of other powers of political subdivisions.