108.260. Bond issues — annual statement — call before maturity — failure to make statement, penalty.
409 words·~2 min read·
/mo/chapter-108/108-260A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
108.260. Bond issues — annual statement — call before maturity — failure to make statement, penalty. — 1. It shall be the duty of the clerk, secretary, auditor or comptroller of any county, city, village or school district, on the first day of July, A.D. 1897, to furnish the state auditor a statement verified by his oath, of all the bonds and coupons of such county, city, town, village or school district theretofore registered by the state auditor and then outstanding, with all the details as to date of issue and maturity, rate of interest, place of redemption and purpose for which issued and the said officer shall, annually thereafter, on or about the first day of January, make a statement of the bonds and coupons retired by his county, city, town, village or school district since the last report.
2. The state auditor shall make entry of the bonds so reported as retired, and where bonds registered by the state auditor have been or shall be issued subject to call before maturity, and where such call shall be made, it shall be the duty of the clerk, secretary, auditor or comptroller, thirty days before the same are payable, to notify the state auditor of the intention of such county, city, town, village or school district to pay off such bonds called and such other description as to fully identify the same.
And any such clerk, secretary, auditor or comptroller of any such county, city, town, village or school district who shall fail to make any statement required by this section shall be guilty of a misdemeanor, and shall, on conviction thereof, be punished by a fine of not less than ten nor more than one hundred dollars.
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(RSMo 1939 § 3301)
Prior revisions: 1929 § 2914; 1919 § 1062; 1909 § 1274
(1971)The submission of a bond issue with a portion to be spent for hospital expansion and a portion to be spent for nursing home facilities on the hospital grounds as a single submission forms one proposition and does not constitute "doubleness". State ex rel. Phelps County v. Holman (Mo.), 461 S.W.2d 689.
(1975)Held that language on ballot ". . . these general obligation bonds will be payable first from a city-wide sales tax . . ." did not invalidate bonds, but court indicated that in a subsequent case they might hold differently. Northern Trust Co. v. City of Independence (Mo.), 526 S.W.2d 825.