Missouri Revised Statutes
Chapter 91 - Municipally Owned Utilities
Section 91.670 - Revenue bonds — rate of interest, sale.

Effective - 28 Aug 1941
91.670. Revenue bonds — rate of interest, sale. — Revenue bonds issued under sections 91.620 to 91.770 shall bear interest at such rate or rates not exceeding six percent per annum, payable semiannually, may be in one or more series, may bear such date or dates, may mature at such time or times not exceeding forty years from their respective dates, may be payable in such medium of payment, at such place or places, may carry such registration privileges, may be subject to such terms of redemption, may be executed in such manner, may contain such terms, covenants and conditions, and may be in such form, either coupon or registered, as such ordinance or resolution or subsequent ordinances or resolutions may provide. Such bonds shall be deemed valid and negotiable without being presented to the state auditor for registration and certification. Sections 108.240 and 108.250 shall not apply to bonds issued hereunder, and said bonds shall be sold at not less than par. Said bonds may be sold at private sale to the United States of America or any agency, instrumentality or corporation thereof. Unless sold to the United States of America or any agency, instrumentality or corporation thereof, said bonds shall be sold at public sale after notice of such sale published once at least five days prior to such sale in a newspaper circulating in the municipality and in a financial newspaper published in the city of St. Louis, Missouri, or Kansas City, Missouri. Pending the preparation of the definitive bonds, interim receipts or certificates in such form and with such provisions as the governing body may determine may be issued to the purchaser or purchasers of bonds sold pursuant to sections 91.620 to 91.770. Said bonds and interim receipts or certificates shall be fully negotiable for all the purposes.
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(L. 1941 p. 493 § 5)

Structure Missouri Revised Statutes

Missouri Revised Statutes

Title VII - Cities, Towns and Villages

Chapter 91 - Municipally Owned Utilities

Section 91.010 - Cities empowered to erect, maintain gas and power plants — waterworks — ice plants — electric light plants.

Section 91.020 - Cities empowered to sell light and power.

Section 91.025 - Definitions — continuation of existing electrical service — change of supplier — commission jurisdiction — new structure built, effect of.

Section 91.026 - Aluminum smelting facilities may contract to purchase electric power, no set rates or time periods — definitions — criteria.

Section 91.030 - Cities may purchase light and power, and ancillary services.

Section 91.040 - Cities may use streets and roads.

Section 91.050 - Cities owning waterworks may supply other cities.

Section 91.055 - Customers may choose to maintain municipal water service despite claim of exclusive right by public water supply district (Jackson County).

Section 91.060 - Cities, towns or villages may procure water from any other city — contract.

Section 91.070 - City authorized to lay pipes and mains, machinery to carry out provisions of section 91.060.

Section 91.080 - Condemnation proceedings — compensation for private property taken.

Section 91.090 - Certain cities may construct or acquire waterworks.

Section 91.100 - May contract to supply.

Section 91.110 - May acquire by purchase.

Section 91.120 - May acquire water system — procedure.

Section 91.130 - Proposition to sell to be in writing — publication — deed, how made.

Section 91.140 - Petition by citizens — duty of council.

Section 91.150 - Plant, how paid for — bonds to constitute lien.

Section 91.160 - Management — form of bonds.

Section 91.170 - May advertise for bids to construct.

Section 91.180 - Contractor to give bond.

Section 91.190 - Bid for construction to be submitted to voters.

Section 91.200 - Council to appoint superintendent of construction.

Section 91.210 - What provisions to apply.

Section 91.220 - Failure to redeem bonds.

Section 91.230 - City to pay for fire protection — rates.

Section 91.240 - Funds, where deposited.

Section 91.250 - Waterworks bonds of certain cities may be deposited as securities.

Section 91.260 - Board of waterworks commissioners, how composed — compensation.

Section 91.270 - Powers and duties of board — may appoint manager — city to pay for water.

Section 91.280 - Board and manager liable on bond for neglect.

Section 91.290 - Waterworks exempt from execution, exception.

Section 91.300 - Scope of sections 91.090 to 91.300.

Section 91.450 - Certain cities may own public utilities — how acquired — board of public works.

Section 91.460 - Board to be nonpartisan — salary — bond.

Section 91.470 - Office vacated, how.

Section 91.480 - Board to manage municipal utilities.

Section 91.490 - Council to prescribe powers — rules and regulations.

Section 91.500 - Officers and employees — compensation.

Section 91.510 - Salaries and expenses — how paid.

Section 91.520 - Board to keep accounts and make report.

Section 91.530 - Board to let work by contract.

Section 91.540 - Rates to be fixed by board.

Section 91.550 - Referendum on sale of municipal utility by third class city.

Section 91.560 - Special charter cities may enact certain ordinances.

Section 91.570 - Cities are authorized to acquire all necessary lands and easements.

Section 91.580 - May condemn private property for public use.

Section 91.590 - Rights and powers granted herein shall be in addition to all rights and powers of such cities under laws of state.

Section 91.593 - Waterworks — authority to acquire property and furnish services outside city limits.

Section 91.595 - Waterworks — revenue bonds, issuance — authorization for.

Section 91.596 - Revenue bonds — election — form of ballot.

Section 91.597 - Bonds, how signed — term — rate of interest.

Section 91.600 - Waterworks property, how acquired — may issue bonds, make contracts (certain cities).

Section 91.610 - Compensation for private property taken.

Section 91.620 - Citation of law.

Section 91.630 - Definitions.

Section 91.640 - Additional powers conferred on certain municipalities — board of public works, terms, duties.

Section 91.650 - Preliminary expenses — how met and paid.

Section 91.660 - Bond issues — authorization, approval.

Section 91.670 - Revenue bonds — rate of interest, sale.

Section 91.680 - Moneys received — how expended.

Section 91.690 - Sinking fund.

Section 91.700 - Bonds shall not be invalidated for certain reasons.

Section 91.710 - Ordinance or resolution — may contain what.

Section 91.720 - Bonds — payable from what revenue, liability limited.

Section 91.730 - Default — rights of bondholders — procedure of circuit court — receiver.

Section 91.740 - Rights and powers of bondholders — shall be cumulative.

Section 91.750 - Sewage disposal and waterworks — operators authorized to enter into contracts.

Section 91.760 - Powers are additional and supplemental — law shall be controlling.

Section 91.770 - Municipalities — power to acquire lands and other property, limitation.

Section 91.780 - Defining term rapid transit improvement.

Section 91.790 - Authorized to establish, construct and own rapid transit improvement.

Section 91.800 - May assess benefits and damages, and collect and pay therefor.

Section 91.810 - May provide for payment by special assessment.

Section 91.820 - May issue and sell public utility improvement and general bonds.

Section 91.830 - May grant rights and interests in rapid transit improvements.

Section 91.840 - May establish rapid transit commission, or commissioner.