164.271. Board may prescribe form and detail of bonds — may be compelled to perform duties and agreements of district.
193 words·~1 min read·
/mo/chapter-164/164-271A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
164.271. Board may prescribe form and detail of bonds — may be compelled to perform duties and agreements of district. — 1. The board of the school district issuing bonds under section 164.231 may prescribe the form, details and incidents of the bonds and make such covenants as in its judgment are advisable or necessary properly to secure the payment thereof; but the form, details, incidents and covenants shall not be inconsistent with any of the provisions of sections 164.231 to 164.301 .
2. The holder of any bonds issued hereunder or of any coupons representing interest accrued thereon may, by civil action either at law or in equity, compel the board of the school district issuing such bonds to perform all duties imposed upon it by sections 164.231 to 164.301 , including the making and collecting of sufficient rates and charges for admission to or the use of the project for which the bonds were issued, and also to enforce the performance of any and all other covenants made by such board of directors in the issuance of the bonds.
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(L. 1963 p. 200 § 5-27)
(Source: RSMo 1959 § 176.170)