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Missouri Revised Statutes Title VII. Cities, Towns and Villages § 87.040. Disposition of interest--duties of legislative body of city

Current as of January 01, 2023 | Updated by FindLaw Staff

The interest received from the investment of said funds shall be applicable to the payment of pensions under sections 87.010 to 87.105, and it shall be in the power of the legislative body of any city, village or incorporated town to diminish and adjust the annual rate of one percent from licenses, so that the income from interest, dues from members and licenses shall meet the requirements of the pension list as provided by sections 87.010 to 87.105.

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Cite this article: FindLaw.com - Missouri Revised Statutes Title VII. Cities, Towns and Villages § 87.040. Disposition of interest--duties of legislative body of city - last updated January 01, 2023 | https://codes.findlaw.com/mo/title-vii-cities-towns-and-villages/mo-rev-st-87-040/

Read this complete Missouri Revised Statutes Title VII. Cities, Towns and Villages § 87.040. Disposition of interest--duties of legislative body of city on Westlaw

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 or via Westlaw before relying on it for your legal needs.

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