reglab/housing_qa huggingface dataset:
MO Rev Stat § 349.052 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.052 - General and business corporation law applicable — exceptions.

Effective - 28 Aug 1978   349.052. General and business corporation law applicable — exceptions. — The general and business corporation law of Missouri, chapter 351, shall be applicable to industrial development corporations organized pursuant to this chapter except that any provision of this chapter shall take precedence over any provision of chapter 351 which conflicts with it. ­­-------- (L. 1978 S.B. 761 § 349.025)
MO Rev Stat § 349.055 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.055 - Revenue bonds, issuance, provisions, sale.

Effective - 28 Aug 1980   349.055. Revenue bonds, issuance, provisions, sale. — The corporation may at any time issue revenue bonds for the purpose of paying any part of the cost of any project or part thereof. Every issue of its bonds shall be payable out of the property and revenues of the corporation which may be pledged, assigned, mortgaged, or in which a security interest is granted for such payment, without preference or priority of the first bonds issued, subject to any agreement with the holders of any other bonds pledging any specified property or revenues. Such bonds shall be authorized by resolution of the corporation, shall bear such date or dates, and shall mature at such time or times, but not in excess of forty years, as the resolution shall specify. Such bonds shall be in such denomination, bear interest at such rate, be in such form, either coupon or registered, be issued in such manner, be payable in such place or places and be subject to redemption as such resolution may provide. The bonds of the corporation may be sold at either public or private sale, at such price or prices as the corporation shall determine, but at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations. ­­-------- (L. 1977 S.B. 267 § 10, A.L. 1980 H.B. 1582 & 1277)
MO Rev Stat § 349.060 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.060 - Notes, issuance, provisions, sale.

Effective - 28 Aug 1980   349.060. Notes, issuance, provisions, sale. — Pending the issuance of bonds, the corporation may issue notes payable from the proceeds of such bonds or from such other sources as the corporation may specify as in the case of bonds. Such notes shall mature in not more than five years and shall be sold at public or private sale as the corporation may specify at not less than ninety-five percent of the principal amount thereof and at an interest rate not in excess of the maximum rate, if any, applicable to general and business corporations. The other details with respect to such notes shall be determined by the corporation as in the case of bonds. ­­-------- (L. 1977 S.B. 267 § 11, A.L. 1980 H.B. 1582 & 1277)
MO Rev Stat § 349.065 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.065 - Renewal notes, issued when, how.

Effective - 28 Aug 1977   349.065. Renewal notes, issued when, how. — The corporation may from time to time issue renewal notes or refund any bonds by the issuance of refunding bonds, whether the bonds to be refunded have or have not matured, and to issue bonds partially to refund bonds then outstanding and partially for any other purpose. Renewal notes or refunding bonds may be sold at public or private sale and the proceeds applied to the purchase, redemption, or payment of the notes or bonds to be refunded. ­­-------- (L. 1977 S.B. 267 § 12)
MO Rev Stat § 349.070 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.070 - Resolutions authorizing issuance of bonds or notes, provisions authorized in.

Effective - 28 Aug 1980   349.070. Resolutions authorizing issuance of bonds or notes, provisions authorized in. — Any resolution authorizing any notes or bonds may contain such provisions, covenants and agreements subject to any provisions, covenants and agreements with the holders of bonds or notes then outstanding as the corporation determines necessary, such provisions, covenants and agreements may include but shall not be limited to:  (1) Pledging, assigning, mortgaging, or granting a security interest in all or any part of the property and revenues of the corporation or any part thereof, to secure the payment of the notes or bonds or of any issue thereof;  (2) The use and disposition of the property or revenues of the corporation or any part thereof;  (3) The fixing of rents, fees and other charges and the pledging of the same and of the revenues of the corporation so that the same will be sufficient to pay the cost of operation, maintenance and repair of any project and the principal of and interest on notes or bonds secured by the pledge of such revenues;  (4) Establishing reasonable reserves to secure the payment of such notes and bonds;  (5) Limitations on the issuance of additional notes or bonds and the terms upon which the same may be issued and secured. ­­-------- (L. 1977 S.B. 267 § 13, A.L. 1980 H.B. 1582 & 1277)
MO Rev Stat § 349.075 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.075 - Trust agreements authorized.

Effective - 28 Aug 1980   349.075. Trust agreements authorized. — A resolution of the corporation authorizing the issuance of any notes or bonds or any issue thereof may provide that such notes or bonds shall be secured by a trust agreement between the corporation and a corporate trustee, vesting in such trustee such property, rights, powers and duties in trust as the corporation may determine. Any such trust agreement may pledge, assign, mortgage, or grant a security interest in the property in revenues of the corporation, or any part thereof, to secure payment of any notes or bonds. Any such trust agreement may contain such provisions for protecting and enforcing the rights and remedies of the noteholders or bondholders as may be reasonable and proper, including covenants relating to the acquisition and construction of projects and the maintenance, repair and operation thereof, the rentals and other charges to be imposed for the use of any project, the custody and application of all moneys relating thereto. Such trust agreement may contain such other provisions as the corporation determines reasonable and necessary for the security of the noteholders and bondholders. All expenses incurred in carrying out the provisions of any such trust agreement may be considered as a part of the cost of the operation of the project. ­­-------- (L. 1977 S.B. 267 § 14, A.L. 1980 H.B. 1582 & 1277)
MO Rev Stat § 349.080 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.080 - Individuals not liable on notes or bonds.

Effective - 28 Aug 1977   349.080. Individuals not liable on notes or bonds. — Neither the directors of any corporation nor any person executing the bonds or notes shall be liable personally on the bonds or notes by reason of the issuance thereof. Bonds and notes issued under this section by a corporation created by or pursuant to sections 349.010 to 349.100 shall not be a debt of the county, the municipality or the state and neither the county, the municipality or the state shall be liable thereon nor in any event shall such notes or bonds be payable out of any funds or properties other than those acquired for the purposes of this law, and such bonds and notes shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction. ­­-------- (L. 1977 S.B. 267 § 15)
MO Rev Stat § 349.085 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.085 - Notes and bonds declared to be approved investments for fiduciaries.

Effective - 28 Aug 1977   349.085. Notes and bonds declared to be approved investments for fiduciaries. — The notes and bonds of the corporation are securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations and other persons carrying on an insurance business, all banks, trust companies, savings associations, savings and loan associations, investment companies, all administrators, guardians, executors, trustees, and other fiduciaries, and all other persons whatsoever who are now or may hereafter be authorized to invest in bonds or other obligations of the state, may properly and legally invest funds, including capital, in their control or belonging to them. ­­-------- (L. 1977 S.B. 267 § 16)
MO Rev Stat § 349.090 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.090 - Projects not tax exempt, exceptions — bond and note interest is exempt, exception.

Effective - 28 Aug 1985   349.090. Projects not tax exempt, exceptions — bond and note interest is exempt, exception. — Projects acquired, constructed, reconstructed, enlarged, improved, furnished, equipped, maintained, repaired, operated, leased, financed or sold by the corporation pursuant to sections 349.010 to 349.100 shall be subject to all real and tangible personal property taxes and assessments of the state of Missouri, and any county, municipality or any governmental subdivision thereof except hospitals which are exempt from taxation under Article X, Section 6 (1) of the Constitution of the State of Missouri, or other projects which are exempted or relieved from such real property taxes and assessments pursuant to any constitutional or statutory provision. Bonds and notes of the corporation are declared to be issued for an essential public and governmental purpose and to be public instrumentalities, and interest thereon and income therefrom shall be exempt from taxation except for death and gift taxes on transfers. ­­-------- (L. 1977 S.B. 267 § 17, A.L. 1984 S.B. 434, A.L. 1985 S.B. 282)
MO Rev Stat § 349.095 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.095 - Dissolution of corporation, effect of.

Effective - 28 Aug 1977   349.095. Dissolution of corporation, effect of. — Upon termination or dissolution, all rights and properties of the corporation shall pass to and be vested in the county or municipality of incorporation, subject to the rights of bondholders, noteholders, and other creditors. Except that no county or municipality nor the citizens thereof shall be subject to any tax assessment or financial liability to any bondholder, noteholder and any other creditor nor shall any county or municipality be permitted to expend any public moneys for the payment of any indebtedness of bonds, notes, or any other claims by creditors of any nature. Any and all indebtedness, whether by bond, note or any creditor claim, shall be paid exclusively from the revenues, if any, from such terminated or dissolved corporation. ­­-------- (L. 1977 S.B. 267 § 18)
MO Rev Stat § 349.100 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.100 - Disclaimer as to impairment of other powers of political subdivisions.

Effective - 28 Aug 1977   349.100. Disclaimer as to impairment of other powers of political subdivisions. — Nothing herein contained shall impair or affect the power or jurisdiction of the municipality, county, township, or school districts in which the corporations organized hereunder are located, and such corporations shall conform to applicable regulations of any governmental authority having jurisdiction therein. ­­-------- (L. 1977 S.B. 267 § 19)
MO Rev Stat § 349.105 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 349 - Industrial Development Corporations|Section 349.105 - Annual report, contents.

Effective - 22 Jun 1983   349.105. Annual report, contents. — No later than January thirty-first of each year, the issuing authority shall file a report with the department of economic development on the previous year's issuances, which report shall contain only the following information:  (1) The name and address of the issuing entity;  (2) The name, address, age, and type of business of the beneficiary firm;  (3) The amount, term, interest rate, and date of issuance of the bonds issued;  (4) The name and address of the underwriter, if any, of such bonds;  (5) A copy of the guaranty instrument, if any;  (6) The size, by assets and previous year's sales, and the current number of employees, of the beneficiary firm;  (7) A copy of the preliminary official statement used when offering the bonds for sale;  (8) The estimated number of new jobs to be generated by the proposed project;  (9) A list of the use of bond proceeds, including whether the purpose of the project and the funds generated by the issuance of such bonds is to open a new business, build a branch plant, expand an existing facility or acquire an existing business;  (10) The estimated total cost of the project. ­­-------- (L. 1982 H.B. 1411 & 1587, A.L. 1983 S.B. 316)  Effective 6-22-83
MO Rev Stat § 350.010 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 350 - Farming Corporations|Section 350.010 - Definitions.

Effective - 28 Aug 1975   350.010. Definitions. — For the purposes of this section, the terms defined in this section have the meanings here given them:  (1) "Agricultural land" means land used for farming.  (2) "Authorized farm corporation" means a corporation meeting the following standards:  (a) All of its shareholders, other than any estate, or revocable and irrevocable trusts, are natural persons;  (b) It must receive two-thirds or more of its total net income from farming as defined in this section;  (3) "Corporation" means a corporation or a cooperative.  (4) "Family farm" means an unincorporated farming unit owned or leased by one or more persons residing on the farm or actively engaging in farming.  (5) "Family farm corporation" means a corporation incorporated for the purpose of farming and the ownership of agricultural land in which at least one-half of the voting stock is held by and at least one-half of the stockholders are members of a family related to each other within the third degree of consanguinity or affinity including the spouses, sons-in-law and daughters-in-law of any such family member according to the rules of the common law, and at least one of whose stockholders is a person residing on or actively operating the farm, and none of whose stockholders are a corporation prohibited by section 350.015 from entering into farming, or any corporation which is subject to the controlled expansion provisions of section 350.015; provided that a family farm corporation shall not cease to qualify as such hereunder by reason of any gift, devise or bequest of shares of voting stock. A person actively operating a farm shall include, but not be limited to, a person who has an ownership interest in the family farm corporation and exercises some management control or direction.  (6) "Farming" means using or cultivating land for the production of (a) agricultural crops; (b) livestock or livestock products; (c) poultry or poultry products; (d) milk or dairy products; or (e) fruit or other horticultural products, provided; however, "farming" shall not include a processor of farm products or a distributor of farming supplies contracting to provide spraying, harvesting or other farming services. ­­-------- (L. 1975 H.B. 655 § 1)  (1988) Chapter 350, RSMo, is rationally related to a legitimate state interest and does not violate the equal protection clauses of federal and state constitutions. State ex rel. Webster v. Lehndorff Geneva, 744 S.W.2d 801 (En Banc).
MO Rev Stat § 350.016 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 350 - Farming Corporations|Section 350.016 - Restriction on corporate farming, exceptions, certain counties engaging in production of swine.

Effective - 28 Aug 1993   350.016. Restriction on corporate farming, exceptions, certain counties engaging in production of swine. — The restrictions set forth in section 350.015 shall not apply to agricultural land which is used by a corporation or limited partnership for the production of swine or swine products located in any county of the third classification with a township form of government which has at least three thousand but no more than four thousand inhabitants, or any county which adjoins such county which has a population of at least four thousand five hundred but no more than six thousand five hundred inhabitants. ­­-------- (L. 1993 H.B. 566 and S.B. 84, A.L. 2014 H.B. 1245)  (2003) Term "production of swine or swine products" includes cattle grazing for the purpose of nitrogen removal from the land application of effluent. State ex rel. Nixon v. Premium Standard Farms, 100 S.W.3d 157 (Mo.App.W.D.).
MO Rev Stat § 350.017 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 350 - Farming Corporations|Section 350.017 - Agricultural land in use as of September 28, 2007, exempt from certain restrictions for production of swine in certain counties — no expansion permitted.

Effective - 28 Aug 2012   350.017. Agricultural land in use as of September 28, 2007, exempt from certain restrictions for production of swine in certain counties — no expansion permitted. — 1. The restrictions under section 350.015 shall not apply to agricultural land in use as of September 28, 2007, by a corporation, limited liability company, or limited liability partnership for the production of swine or swine products located in:  (1) Any county of the third classification without a township form of government and with fewer than two thousand five hundred inhabitants;  (2) Any county of the third classification with a township form of government and with more than six thousand but fewer than seven thousand inhabitants and with a city of the fourth classification with more than one thousand seven hundred but fewer than one thousand nine hundred inhabitants as the county seat; or  (3) Any county of the third classification with a township form of government and with more than eight thousand but fewer than nine thousand inhabitants and with a city of the fourth classification with more than one thousand seven hundred but fewer than one thousand nine hundred inhabitants as the county seat.  2. No corporation, limited liability company, or limited liability partnership under subsection 1 of this section shall expand its operations on such agricultural land, including but not limited to the purchase of contiguous land or the construction of new buildings that house animals or expansion of existing buildings that house animals; however, nothing in this subsection shall prevent any such corporation, limited liability company, or limited liability partnership from repairing, maintaining or rebuilding any of its buildings or conducting activities required in order to meet state or federal laws. ­­-------- (L. 2012 S.B. 631)
MO Rev Stat § 350.020 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 350 - Farming Corporations|Section 350.020 - Reports required, when — penalty for failure to file or false report.

Effective - 28 Aug 1979   350.020. Reports required, when — penalty for failure to file or false report. — 1. Every corporation engaged in farming, or proposing to commence farming, in this state after September 28, 1975, shall file with the director of the state department of agriculture a report containing the following information:  (1) The name of the corporation and its place of incorporation;  (2) The address of the registered office of the corporation in this state, the name and address of its registered agent in this state and, in the case of a foreign corporation, the address of its principal office in its place of incorporation;  (3) The acreage and location listed by section, township, and county of each lot or parcel of land in this state owned or leased by the corporation and used for farming; and  (4) The names and addresses of the officers and the members of the board of directors of the corporation.  2. The report of a corporation seeking to qualify hereunder as a family farm corporation or an authorized farm corporation shall contain the following additional information:  (1) The number of shares owned by persons residing on the farm or actively engaged in farming, or their relatives within the third degree of consanguinity or affinity including their spouses, sons-in-law and daughters-in-law according to the rules of the common law;  (2) The name, address and number of shares owned by each shareholder; and  (3) A statement as to percentage of net receipts of the corporation derived from any sources other than farming.  3. No corporation shall commence farming in this state until it has filed the report required by this section.  4. Every corporation, except a family farm corporation, engaged in farming in this state shall file with the director of the state department of agriculture a report containing the information required in subsection 1 of this section. Said reports shall be filed:  (1) Whenever any of the information required in subsection 1 changes;  (2) Whenever ownership of the controlling interest in the corporation changes; and  (3) Whenever the land owned or leased by the corporation ceases to be used for farming or is sold by the corporation.  5. The failure of a corporation to file a required report, or the use of false information in the report, shall be a misdemeanor for which the corporation shall be punished by a fine of not less than five hundred dollars or more than one thousand dollars. ­­-------- (L. 1975 H.B. 655 § 3, A.L. 1979 S.B. 41)
MO Rev Stat § 350.025 (2021)
2021 Missouri Revised Statutes|Title XXIII - Corporations, Associations and Partnerships|Chapter 350 - Farming Corporations|Section 350.025 - Farm cooperatives to file reports.

Effective - 28 Aug 1975   350.025. Farm cooperatives to file reports. — All farm cooperatives who own farm land shall report under section 350.020 hereof. ­­-------- (L. 1975 H.B. 655 § 5)