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2020 Missouri Revised Statutes
Title XVI - Conservation, Resources and Development
Chapter 257 - Water Conservancy Districts
Section 257.390 Public sale of bonds, minimum price — use of proceeds.
Universal Citation: MO Rev Stat § 257.390 (2020)
Effective - 28 Aug 1959
257.390. Public sale of bonds, minimum price — use of proceeds. — The board of trustees on behalf of the district shall sell its bonds to the best advantage at public sale on sealed bids but for no less than ninety-five cents on the dollar and the proceeds shall be paid over to the treasurer of the district, who shall disburse the proceeds on order of the board of trustees in payment of costs incidental to the holding of the election, the issuance of the bonds and in paying the costs of constructing and carrying into execution the plan of improvement adopted for the district. The sale of the bonds shall be publicly advertised for such time and in such manner as the board directs.
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(L. 1959 S.B. 199 § 39)
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