2005 Missouri Revised Statutes - § 160.324. — Revenue bonds--duties of department--rights of holder.

160.324. 1. When not inconsistent with the provisions of sections 160.300 to 160.328, the department and the authority are authorized to prescribe the form, details and incidents of the bonds and to make such covenants as in their judgment may be advisable or necessary properly to secure the payment of the bonds.

2. The holder of any bond issued under sections 160.300 to 160.328 or of any coupons representing interest accrued may, by proper civil action either at law or in equity, compel the department and the authority to perform all duties imposed upon them by sections 160.300 to 160.328, including the making and collecting of sufficient rates and charges for the use of the project for which the bonds were issued, and may enforce the performance of any covenant made by the department and the authority in the issuance of the bonds.

(L. 1986 H.B. 1335 § 13)

*Expiration date, see section 160.328