Missouri Constitution Article VI Sec. 27(c) – Revenue bonds defined
As used in article VI, sections 27(a) and 27(b), the term “revenue bonds” means bonds neither the interest nor the principal of which is an indebtedness or obligation of the issuing county, city or incorporated town or village.
Terms Used In Missouri Constitution Article VI Sec. 27(c) - Revenue bonds defined
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.