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1. The mayor and council, board of aldermen or board of trustees may levy a tax of not more than one-half mill on each one dollar assessed valuation on all property in such city, village or town, or, when initiated by a petition signed by at least ten percent of the voters, the question shall be submitted to the voters, and a majority of the voters thereon shall be sufficient to carry the provisions of this law into effect, and it shall become the duty of the mayor and council, board of aldermen or board of trustees to levy each year on all the property in such city, village or town, a tax of not to exceed two mills, or such part thereof as shall be petitioned for, on each one dollar assessed valuation.
2. The question shall be submitted in substantially the following form:
Shall ․․․․․․․ (name of city, town, or village) levy a tax of ․․․․․․․ mills on each one dollar assessed valuation for the creation of a band fund?
3. The levy made under either of the options of sections 71.640 to 71.670 shall not increase the tax levy of any such political subdivision to exceed the limitations fixed and prescribed by the constitution and laws of this state.
Cite this article: FindLaw.com - Missouri Revised Statutes Title VII. Cities, Towns and Villages § 71.650. Tax for band fund--limitations - last updated January 01, 2018 | https://codes.findlaw.com/mo/title-vii-cities-towns-and-villages/mo-rev-st-71-650.html
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