The power of gas corporations, electrical corporations, water corporations, or sewer corporations to issue stocks, bonds, notes and other evidences of indebtedness and to create liens upon their property situated in this state is a special privilege, the right of supervision, regulation, restriction and control of which is and shall continue to be vested in the state, and such power shall be exercised as provided by law and under such rules and regulations as the commission may prescribe.
Mo. Rev. Stat. § 393.180
Right to issue stocks, bonds, notes subject to regulation
Known as the Joint Municipal Utility Commission Act
The act spans §§ 393–393 (168 sections).
Effective: 28 Aug 1967; (RSMo 1939 § 5650, A.L. 1967 p. 578); Prior revisions: 1929 § 5194; 1919 § 10482
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.