Missouri Laws 91.596 – Revenue bonds — election — form of ballot
1. Whenever the board of public works of any such city shall desire to issue such revenue bonds for any or all of the purposes enumerated in section 91.595 it shall make written request, authorized by majority vote of its members, to the mayor and council of such city requesting the submission of the question of authorizing the issuance of said bonds which request shall set forth the amount of funds required and the purposes for which the same is to be expended.
2. The council may then by ordinance submit the proposition to the voters of the city.
Terms Used In Missouri Laws 91.596
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- 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.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
3. The question shall be submitted in substantially the following form:
Shall the city of ______ issue revenue bonds, in the amount of ______ dollars to be payable solely from the revenues derived from the operation of ______ (utility) by the city and not a general or personal obligation of the city, for the purpose of ______ (here state purpose)?
4. If a majority of the voters of such city voting on the question shall vote “YES” then the board of public works of such city shall be authorized to issue waterworks revenue bonds not to exceed the amount approved by the voters.