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2005 Missouri Revised Statutes - § 321.290. — Reserve fund, taxes for.

321.290. Whenever any bonded or contractual indebtedness has been incurred by a district, it shall be lawful for the board to levy taxes and collect revenue for the purpose of creating a reserve fund in such amount as the board may determine, to be used to meet the obligations of the district.

(L. 1947 V. I p. 432 � 30)

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