Missouri Revised Statutes Title VIII. Public Officers and Employees, Bonds and Records § 108.120. Road bonds--construction fund (county)

1. The county commissions of the counties of this state are hereby authorized to issue bonds for and on behalf of their respective counties for the construction, reconstruction, improvement, maintenance and repair of any and all public roads, highways, bridges, culverts, streets, avenues, or alleys within such county, including the payment of any cost, judgment and expense for property, or rights in property, acquired by purchase or eminent domain, as may be provided by law, in such amount and such manner as may be provided by the general law authorizing the issuance of bonds by counties.

2. The proceeds of all bonds issued under the provisions of this section shall be paid into the county treasury where they shall be kept as a separate fund to be known as “The Road Bond Construction Fund” and such proceeds shall be used only for the purpose mentioned herein. The county may contract with any other political subdivision to share the proceeds of such bonds to be used for the purposes authorized.