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Current as of January 01, 2025 | Updated by Findlaw Staff
1. In urban districts, the board may borrow money and issue bonds for the payment thereof for the following purposes:
(1) Purchasing sites for schoolhouses, public library buildings, art galleries, museums, janitors' houses, repair buildings and supply houses used in the operation and maintenance of schools and other land for school purposes;
(2) Erecting schoolhouses, library buildings, art galleries, museums, janitors' houses, repair buildings, supply houses and other buildings used in the operation and maintenance of schools;
(3) Building additions to, remodeling and reconstructing buildings existing at the time of making the loan;
(4) Furnishing any building erected or reconstructed;
(5) Purchasing school buses and other transportation equipment.
2. The question of the loan shall be decided at an election.
3. Notice of the submission of the question shall include the amount of the loan required, and for what purpose. The president and secretary shall sign the notices.
Cite this article: FindLaw.com - Missouri Revised Statutes Title XI. Education and Libraries § 164.131. Purposes for which bonds may be issued in urban districts--notice to contain certain information - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xi-education-and-libraries/mo-rev-st-164-131/
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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