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2019 Missouri Revised Statutes
Title VII - Cities, Towns and Villages
Chapter 95 - Financial Administration and Indebtedness
Section 95.330 Sinking and interest funds to be provided for.
Universal Citation: MO Rev Stat § 95.330 (2019)
Effective 28 Aug 1939
95.330. Sinking and interest funds to be provided for. — Every city issuing bonds under the provisions of sections 95.320 to 95.340 shall, before or at the time of doing so, provide for the collection of an annual tax, which, together with all sums which shall be applicable to the payment of the principal and interest of the said bonds, shall be sufficient to pay the interest of the said bonds, as it falls due, and also to constitute a sinking fund for the payment of the principal thereof at the maturity thereof. Such sinking fund shall be kept invested and managed in the same manner as the other sinking funds of such city.
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(RSMo 1939 § 6983)
Prior revisions: 1929 § 6837; 1919 § 8319
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