For the purpose of refunding, extending or unifying the whole or any part of its valid bonded indebtedness, the district may issue refunding bonds not exceeding an amount of the principal of the outstanding indebtedness to be refunded and the accrued interest to the date of such refunding bonds. The board shall provide for the payment of interest and principal of such refunding bonds in the same manner as was provided for the payment of interest and principal of the bonds refunded.
Mo. Rev. Stat. § 184.620
Refunding bonds, authority to issue, when — funding for payment of..
Known as the Museum Property Act
The act spans §§ 184–184 (77 sections).
Effective: 28 Aug 1990; (L. 1990 S.B. 525 § 9)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.