Title VIII — PUBLIC OFFICERS AND EMPLOYEES, BONDS AND RECORDS

108.010. County may become indebted, when — limitation. — Any county in this state, by vote of the constitutionally required percentage of the voters voting thereon, may become indebted in an amount exceeding in any year the income and revenue provided for such year plus any unen…

108.020. Additional county indebtedness. — Any county in this state, by vote of the constitutionally required percentage of the voters voting thereon in favor of the question, may incur an indebtedness for county purposes in addition to that authorized in section 108.010 not to e…

108.030. Interest and principal of indebtedness — annual tax on tangible property (county). — Before incurring any indebtedness under the provisions of sections 108.010 and 108.020 the county shall provide for the collection of an annual tax on all taxable tangible property there…

108.040. Election to authorize county indebtedness — petition. — Whenever it may become necessary for any county in this state to incur an indebtedness as authorized in section 108.010 or 108.020, it shall be lawful for any number of voters of such county, but not less than one p…

108.050. Notice of election. — The notice shall state the time and purpose of the election and the amount of indebtedness to be incurred. ­­-------- (RSMo 1939 § 3293, A.L. 1945 p. 597 § 3296, A.L. 1978 H.B. 971) Prior revisions: 1929 § 2906; 1919 § 1054; 1909 § 1261

108.060. Form of ballot. — 1. The question shall be submitted in substantially the following form: Shall ______ County issue bonds in the amount of ______ dollars for the purpose of ______? 2. The election authority shall certify the results to the county commission. ­­-------- (…

108.070. Vote required for approval — sale of bonds — tax to be imposed. — If it appears from the results of the examination and casting up of the returns of the election as certified to the county commission that the constitutionally required percentage of the voters of such cou…

108.080. Bonds — denominations, interest rate — depositary (county). — 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 ra…

108.090. County treasurer to sell bonds. — The county treasurer of the county issuing such bonds, under the direction of the county commission, is hereby authorized to sell and dispose of all such bonds in the manner provided by law. ­­-------- (RSMo 1939 § 3298, A.L. 1945 p. 597…

108.100. Bond registry, contents (county). — All bonds issued under sections 108.010 to 108.110 shall be registered in the office of the county clerk, in a book kept for that purpose, which registry shall show the number, date, face amount, interest rate, date of sale, name of pu…

108.1000. Definitions — issuance of bonds, when — federal tax credits. — 1. As used in sections 108.1000 to 108.1020, the following terms mean: (1) "Board", the Missouri development finance board; (2) "Build America bonds", any bonds designated build America bonds pursuant to Sec…

108.1010. Allocation of recovery zone bonds, to whom — application — rulemaking authority. — 1. The department shall allocate recovery zone bonds to counties and large municipalities in accordance with Section 1400U-1 of the Internal Revenue Code of 1986, as amended, and shall pr…

108.1020. Bonds exempt from taxation. — Build America bonds and any recovery zone bonds issued by the state of Missouri or an entity described in subdivision (4) of subsection 1 of section 108.1000 and the interest thereon shall be exempt from all taxation by the state of Missour…

108.110. Moneys deposited in county treasury — county commission to withdraw money for purposes for which bonds were issued. — The moneys derived from the sale of such bonds shall be deposited in the county treasury, and the county clerk shall charge the treasurer therewith. And …

108.120. Road bonds — construction fund (county). — 1. The county commissions of the counties of this state are hereby authorized to issue bonds for and on behalf of their respective counties for the construction, reconstruction, improvement, maintenance and repair of any and all…

108.130. Funding of judgment indebtedness — bond issue therefor (county, municipality). — The several counties and municipalities of this state are hereby authorized to fund any judgment indebtedness of such county or municipality and to issue bonds therefor as provided by the ge…

108.140. Political subdivisions may refund, extend, unify indebtedness. — 1. The various counties in this state for themselves, as well as for and on behalf of any township, or other political subdivision for which the counties may have issued any general obligation bonds, and th…

108.150. Refunding bonds — provision for payment of interest and principal. — Any county, city, school district, or other political corporation or subdivision of the state, issuing its bonds for the purposes aforesaid shall, at the time of issuing the same, provide for the paymen…

108.160. Record of redemption and cancellation. — All bonds and their coupons, paid off, redeemed, or judgments for which such refunding bonds shall be exchanged, shall be extinguished by such payment, redemption, or exchange, and such bond and all interest coupons pertinent ther…

108.170. Bonds, notes and other evidences of indebtedness, forms — rate — municipal advisor — sales price — exceptions — agreements for purchase of commodities. — 1. Notwithstanding any other provisions of any law or charter to the contrary, any issue of bonds, notes, or other ev…

108.175. Use of facsimile signatures and seals, requirements — Missouri banks or trust companies may act as agents, exception. — 1. All other provisions of law to the contrary notwithstanding, whenever under any statute, or under any charter of any municipal corporation or county…

108.180. Bond issue — funds kept separate. — When any bonds shall have been issued by any county, city, incorporated town or village, school district, or other political corporation or subdivision of the state, as provided under the constitution and laws of this state for the inc…

108.190. Violation a misdemeanor — penalty. — The county commission or the governing authorities of any city, incorporated town or village, school district, or other political corporation or subdivision of the state, or any comptroller, collector or treasurer of any such county, …

108.200. Surplus funds for purchase of bonds. — Whenever there may be in the interest and sinking fund of any county, city, incorporated town or village, school district, or other political corporation or subdivision of the state, a sufficient amount of money belonging to any int…

108.210. Sale of bonds and purchase of new bonds. — Whenever the county commission or the governing authorities of any county, city, incorporated town or village, school district, or other political corporation or subdivision of the state shall deem it to be for the best interest…

108.220. Unclaimed balances in bond issue, interest and sinking funds may be transferred to any other fund. — Whenever it shall appear to the state board of fund commissioners of the state of Missouri, or to the administrative or governing authority of any county, city, town, tow…

108.230. Bond issue funds exempt from attachment and execution. — All money collected and all securities purchased or held belonging to the interest and sinking fund of any county, city, incorporated town or village, school district, or other political corporation or subdivision …

108.240. Bonds to be certified by state auditor — validity — defenses. — 1. Before any general obligation bearer bond or general obligation registered bond, hereafter issued by any county, township, city, town, village or school district or special road district or fire protectio…

108.250. Auditor's fee for registering bonds — transmitted to director of revenue. — The state auditor shall be paid for registering bonds the sum of ten cents for each one hundred dollars of the face value of the bonds registered; provided, that the fee for registering any issue…

108.260. Bond issues — annual statement — call before maturity — failure to make statement, penalty. — 1. It shall be the duty of the clerk, secretary, auditor or comptroller of any county, city, village or school district, on the first day of July, A.D. 1897, to furnish the stat…

108.270. Auditor to certify annually amount required to pay interest, costs. — The state auditor shall, annually, on or about the first day of July, certify to the several county commissions, city councils, boards of aldermen, boards of trustees, school boards, boards of supervis…

108.280. May levy larger tax — must certify to auditor bonds redeemed. — Nothing contained in sections 108.240 to 108.300 shall prevent any county commission, city council, board of aldermen, board of trustees of any incorporated village, board of directors of any school district…

108.290. Registered bonds, lawful security. — Any and all bonds registered by the state auditor under the provisions of the laws of this state, and any and all bonds that have been or may be duly issued by any county or city or school district having a population of over three hu…

108.300. Provisions not applicable to certain counties, cities or school districts. — Nothing in the provisions of sections 108.240 to 108.300 relating to the registration of bonds shall be so construed as to include any bonds that have been or may be issued by any county of the …

108.310. Petition for pro forma decree. — Whenever the state of Missouri, or any county, township, school district or municipality shall have issued bonds under and by authority of any provision of the Constitution of the state of Missouri, or any law enacted in pursuance thereof…

108.320. Notice of presentation of petition — intervening petition. — 1. The state, county, township, school district or municipality, or the legal representative thereof, shall cause a notice to be published stating the time and place when said petition will be presented, which …

108.330. Hearing — court order. — Upon hearing, whether an answer has been filed or not, the court shall carefully investigate the record concerning such bond issue, together with all evidence and proofs submitted at such hearing, and if the court be of the opinion that said bond…

108.340. Appeal. — Any person or persons aggrieved by the judgment and decree of the court may appeal in like manner as appeals are taken in other civil cases. ­­-------- (RSMo 1939 § 3315) Prior revision: 1929 § 2929

108.350. Court to determine appeal without delay. — Whenever any cause has been appealed the appellate court shall, without delay, hear and determine the same without regard to the judgment of the circuit court and render such judgment as should have been rendered by the circuit …

108.400. Refunding bonds authorized. — Any county of the first class having a charter form of government and containing the greater part of a city with a population of four hundred fifty thousand inhabitants or more having outstanding its general obligation bonds payable in whole…

108.405. Refunding bonds, how issued. — The refunding bonds may be sold or exchanged for the bonds being refunded, either as a whole or in installments, at any time or times, either at, before, or after the maturity of the bonds being refunded. However, if the refunding bonds are…

108.410. Refunding bonds to refer to sections 108.400 to 108.410 — ordinance to set denomination and rate and term within limits. — Refunding bonds issued under the provisions of sections 108.400 to 108.410 shall make reference to sections 108.400 to 108.410 and, except as otherw…

108.450. Definitions — authority to issue bonds, form — restrictions. — 1. In order to aid in providing an adequate supply of residential housing for low or moderate income persons or families, the county commission, legislative body of the county or the combination of counties b…

108.455. Bond issue, requirements and restrictions — exempt from state and local income tax. — 1. Revenue bonds issued pursuant to the provisions of sections 108.450 to 108.470 shall be of such denomination, shall bear such rate or rates of interest not to exceed fourteen percent…

108.460. Form and detail of bonds to be prescribed — criteria for mortgages may be established. — 1. The county commission, county legislative body or combination of counties issuing bonds under the provisions of sections 108.450 to 108.470 shall prescribe the form, details and i…

108.465. County defined to include certain cities. — As used in sections 108.450 to 108.470, the word "county" includes the City of St. Louis and any city having adopted an industrial development plan under the provisions of sections 100.010 to 100.200. ­­-------- (L. 1980 S.B. 5…

108.470. Discrimination in granting of loans is unlawful. — It shall be unlawful for any revenue bond authority, or any agent thereof, to deny a residential real estate loan to a person because of the specific geographic location of the residential real estate or to discriminate …

108.500. Definitions. — As used in sections 108.500 to 108.532, the following terms mean: (1) "Code", the Internal Revenue Code of 1986; (2) "Director", director of the department of economic development or his designee; (3) "Issuers", state agencies, cities, counties and other e…

108.502. Allocation to bond issuers, state ceiling used. — The allocation system provided in Section 146 of the Code with respect to all issuers, whether local or state, is hereby revoked for calendar years after December 31, 1987. The state ceiling shall be allocated among issue…

108.508. State ceiling for each calendar year, how calculated. — The dollar amount of the state ceiling for the state of Missouri for each calendar year commencing January 1, 1988, shall be determined by the director on or before the beginning of each such calendar year in accord…