The authority may issue from time to time its negotiable notes and bonds in such principal amount as it shall determine to be necessary to provide sufficient funds for achieving its corporate purposes, including the payment of interest on notes and bonds of the authority, establishment of reserves to secure such notes and bonds including any reserve funds, and all other expenditures of the authority incident to and necessary or convenient to carry out its corporate purposes and powers.
Mo. Rev. Stat. § 348.110
Bond issues and notes authorized
Known as the Missouri Agricultural and Small Business Development Loan Act
The act spans §§ 348–348 (100 sections).
Effective: 28 Aug 1981; (L. 1981 H.B. 681 § 23)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.