164.131. Purposes for which bonds may be issued in urban districts — notice to contain certain information.
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/mo/chapter-164/164-131A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
164.131. Purposes for which bonds may be issued in urban districts — notice to contain certain information. — 1. In urban districts, the board may borrow money and issue bonds for the payment thereof for the following purposes:
(1)Purchasing sites for schoolhouses, public library buildings, art galleries, museums, janitors' houses, repair buildings and supply houses used in the operation and maintenance of schools and other land for school purposes;
(2)Erecting schoolhouses, library buildings, art galleries, museums, janitors' houses, repair buildings, supply houses and other buildings used in the operation and maintenance of schools;
(3)Building additions to, remodeling and reconstructing buildings existing at the time of making the loan;
(4)Furnishing any building erected or reconstructed;
(5)Purchasing school buses and other transportation equipment.
2. The question of the loan shall be decided at an election.
3. Notice of the submission of the question shall include the amount of the loan required, and for what purpose. The president and secretary shall sign the notices.
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(L. 1963 p. 200 § 5-13, A.L. 1978 H.B. 971)
(Source: RSMo 1959 § 165.497)