The board may issue and sell current revenue bonds to meet the current expenses of the district incurred in advance of the revenue to be derived from the property tax levy and to be paid out of the current revenue when accrued. The chairman of the board shall execute the bonds on behalf of the district and they shall be attested by the secretary.
Mo. Rev. Stat. § 249.793
Board may issue current revenue bonds
Effective: 28 Aug 1961; (L. 1961 p. 451 § 14)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.