Effective - 28 Aug 1975
49.535. Bonds negotiable and tax free — method of sale — payable from revenue only. — 1. Any bonds shall have all of the qualities of negotiable instruments under the law, and shall not be subject to taxation in any manner. In case any of the officers whose signatures or countersignatures appear on the bonds or coupons shall cease to be such officers before delivery of the bonds, the signatures or countersignatures shall nevertheless be valid and sufficient, for all purposes, the same as if they had remained in office until the delivery.
2. The bonds shall be sold in the manner and upon such terms as the governing body of the county deems for the best interest of the county, at public sale, to the highest and best bidder, upon sealed bid, after publication of notice of the public sale at least three times in a newspaper of general circulation in the county, the last insertion of the notice to be at least ten days before the last day for filing and public opening of the sealed bids.
3. The bonds, when issued, shall be payable from the revenue derived from the buildings as provided in section 49.560. It shall be plainly stated on the face of each bond that the same has been issued under the provisions of sections 49.520 to 49.580 and that it does not constitute an indebtedness of the county, or the state of Missouri, within the meaning of any constitutional provisions or limitations.
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(L. 1961 p. 278 § 4, A.L. 1975 H.B. 510)
Structure Missouri Revised Statutes
Title VI - County, Township and Political Subdivision Government
Chapter 49 - County Commissions and County Buildings
Section 49.020 - Election — term of office — residence.
Section 49.050 - Commissioners to be commissioned by governor.
Section 49.097 - Additional duties of county commissioners (second class counties).
Section 49.101 - Vacancies, interim county officials appointed, when — expiration.
Section 49.130 - Passports, processing of applications, commission may provide service, when — fees.
Section 49.140 - County commissioners prohibited from doing certain things.
Section 49.150 - Penalty for violating section 49.140.
Section 49.160 - Who shall hold meetings when majority of commissioners are absent.
Section 49.170 - Terms of commission, when held.
Section 49.180 - Special terms.
Section 49.190 - Notice for special term.
Section 49.200 - Adjourned terms.
Section 49.210 - County commission may award process.
Section 49.220 - Proceeds before county commission may be transferred to circuit court, when.
Section 49.225 - Stenographic record.
Section 49.260 - Settlements with county treasurers and other officers.
Section 49.264 - County commission may grant easements to watershed subdistricts.
Section 49.270 - County commission to control county property — to audit demands against county.
Section 49.278 - Governing body may provide certain benefits for county employees, procedure.
Section 49.280 - Ex officio commissioner to sell county lands — deeds by.
Section 49.287 - County may lease property — procedures (certain first class counties).
Section 49.290 - Lands sold by the county — procedure to obtain deed.
Section 49.300 - County commission may institute condemnation proceedings — power of circuit court.
Section 49.305 - Sites for courthouse, jail, may acquire — funds from which payment authorized.
Section 49.320 - County commission may order buildings erected.
Section 49.330 - Superintendent, appointment, compensation.
Section 49.370 - Site for county building.
Section 49.390 - Circuit court to examine title.
Section 49.400 - County commission to pay for building site, when.
Section 49.410 - Plan of building to be submitted.
Section 49.420 - Advertisement for bids — may let at private contract, when.
Section 49.430 - Bond of contractor.
Section 49.440 - Superintendent to supervise work and report progress.
Section 49.450 - Payments to contractor, when made.
Section 49.460 - Order of payment, when made.
Section 49.470 - County commission may alter and repair county buildings, when.
Section 49.480 - Insurance of courthouses and jails — disposition of proceeds.
Section 49.490 - Damages recoverable for injuring county property.
Section 49.500 - County contracts to be inquired into on petition.
Section 49.510 - County to provide and equip offices.
Section 49.520 - Acquisition, erection or expansion of county buildings authorized, when.
Section 49.525 - Issuance of bonds — ordinance required, contents.
Section 49.530 - Interest rate and maturity of bonds.
Section 49.535 - Bonds negotiable and tax free — method of sale — payable from revenue only.
Section 49.540 - Obligation of county for rent or charges, limits — right to use building.
Section 49.545 - Application of proceeds of bonds.
Section 49.550 - Lien on buildings and land — rights of bondholders.
Section 49.555 - Receiver on default in payment of bonds.
Section 49.560 - Revenues placed in special fund — use — rentals, rates and charges.
Section 49.565 - Surplus in fund, disposition of.
Section 49.570 - Additional bonds — refunding bonds.
Section 49.575 - Administration of buildings and income, obligation of bonds.
Section 49.580 - This method of acquisition additional, not exclusive.
Section 49.605 - Permits, authorized requirements for applicant.
Section 49.610 - Variances may be granted by county commission, when.
Section 49.615 - Judicial review of all final decisions, orders and actions, when.