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Current as of January 01, 2025 | Updated by Findlaw Staff
In acquiring or constructing any building under the provisions of sections 49.520 to 49.580 the governing body of the county may provide by ordinance or order any provisions or stipulations for the administration of the buildings and the income to be derived therefrom, for the security of the bondholders, as the governing body of the county deems necessary. The bonds shall be obligations only of the county, payable solely from the revenues of the buildings, as provided in sections 49.520 to 49.580, and in no event shall they be considered a debt for which the full faith and credit or taxing power of the county is pledged. Any ordinance passed or order issued under sections 49.520 to 49.580 shall constitute a contract between the county and the holder of any bond, which contract may be enforced in the manner and form as herein provided.
Cite this article: FindLaw.com - Missouri Revised Statutes Title VI. County, Township and Political Subdivision Government § 49.575. Administration of buildings and income, obligation of bonds - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-vi-county-township-and-political-subdivision-government/mo-rev-st-49-575/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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