reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.150 - Bonds, how issued — how sold — interest.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1982
99.150. Bonds, how issued — how sold — interest. —
1. Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations, be in such form, either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution, its trust indenture or mortgage may provide.
2. The bonds shall be sold at not less than par at public sale held after notice published once at least five days prior to such sale in a newspaper having a general circulation in the area of operation and in a financial newspaper published in Kansas City or in the city of St. Louis; provided, that such bonds may be sold to the federal government at private sale at not less than par and, in the event less than all of the bonds authorized in connection with any project or projects are sold to the federal government, the balance of such bonds may be sold at private sale at not less than par at an interest cost to the authority of not to exceed the interest cost to the authority of the portion of the bonds sold to the federal government.
3. In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if they had remained in office until such delivery. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to sections 99.010 to 99.230 shall be fully negotiable.
4. In any suit, action or proceedings involving the validity or enforceability of any bond of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a housing project to provide dwelling accommodations for persons of low income shall be conclusively deemed to have been issued for a housing project of such character and said project shall be conclusively deemed to have been planned, located and constructed in accordance with the purposes and provisions of sections 99.010 to 99.230.
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(RSMo 1939 § 7867, A.L. 1982 H.B. 1164)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.170 - State auditor to pass upon validity of bonds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1939
99.170. State auditor to pass upon validity of bonds. —
An authority may submit to the state auditor any bonds to be issued hereunder after all proceedings for the issuance of such bonds have been taken. Upon the submission of such proceedings to the state auditor, it shall be his duty to examine into and pass upon the validity of such bonds and the regularity of all proceedings in connection therewith. If such proceedings conform to the provisions of sections 99.010 to 99.230 and are otherwise regular in form and if such bonds when delivered and paid for will constitute binding and legal obligations of the authority enforceable according to the terms thereof, the state auditor shall certify in substance upon the back of each of said bonds that it is issued in accordance with the constitution and laws of the state of Missouri.
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(RSMo 1939 § 7869)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.180 - Rights of an obligee of an authority.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1939
99.180. Rights of an obligee of an authority. —
An obligee of an authority shall have the right in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee:
(1) By mandamus, suit, action or proceeding at law or in equity to compel said authority and the commissioners, officers, agents or employees thereof to perform each and every term, provision and covenant contained in any contract of said authority with or for the benefit of such obligee, and to require the carrying out of any or all such covenants and agreements of said authority and the fulfillment of all duties imposed upon said authority by sections 99.010 to 99.230;
(2) By suit, action or proceeding in equity, to enjoin any acts or things which may be unlawful, or the violation of any of the rights of such obligee of said authority.
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(RSMo 1939 § 7870)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.190 - Rights of authority upon the happening of an event of default.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1939
99.190. Rights of authority upon the happening of an event of default. —
An authority shall have power by its resolution, trust indenture, mortgage, lease or other contract to confer upon any obligee holding or representing a specified amount in bonds, or holding a lease, the right (in addition to all rights that may otherwise be conferred), upon the happening of an event of default as defined in such resolution or instrument, by suit, action or proceeding in any court of competent jurisdiction:
(1) To cause possession of any housing project or any part thereof to be surrendered to any such obligee;
(2) To obtain the appointment of a receiver of any housing project of said authority or any part thereof and of the rents and profits therefrom. If such receiver be appointed, he may enter and take possession of such housing project or any part thereof and operate and maintain same, and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom, and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of said authority as the court shall direct;
(3) To require said authority and the commissioners thereof to account as if it and they were the trustees of an express trust.
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(RSMo 1939 § 7871)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.200 - Real property of authority exempt from levy and sale by virtue of an execution.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1939
99.200. Real property of authority exempt from levy and sale by virtue of an execution. —
All real property of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against an authority be a charge or lien upon its real property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to foreclose or otherwise enforce any mortgage of an authority or the right of obligees to pursue any remedies for the enforcement of any pledge or lien given by an authority on its rents, fees or revenues.
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(RSMo 1939 § 7872)
(1959) Property of housing authority created under §§ 99.010 to 99.230 is exempt from ad valorem taxes. Schmoll v. Housing Authority of St. Louis County (Mo.), 321 S.W.2d 494.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.210 - Authority may borrow money or accept grants or assistance from federal government.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1939
99.210. Authority may borrow money or accept grants or assistance from federal government. —
In addition to the powers conferred upon an authority by other provisions of sections 99.010 to 99.230, an authority is empowered to borrow money or accept contributions, grants or other financial assistance from the federal government for or in aid of any housing project within its area of operation, to take over or lease or manage any housing project or undertaking constructed or owned by the federal government, and to these ends, to comply with such conditions and enter into such mortgages, trust indentures, leases or agreements as may be necessary, convenient or desirable. It is the purpose and intent of this chapter to authorize every authority to do any and all things necessary or desirable to secure the financial aid or cooperation of the federal government in the undertaking, construction, maintenance or operation of any housing project by such authority.
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(RSMo 1939 § 7873)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.220 - Authority to file report annually.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1939
99.220. Authority to file report annually. —
At least once a year, an authority shall file with the clerk a report of its activities for the preceding year, and shall make recommendations with reference to such additional legislation or other action as it deems necessary in order to carry out the purposes of sections 99.010 to 99.230.
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(RSMo 1939 § 7874)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.225 - Funds to be used only for certain purposes.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1986
99.225. Funds to be used only for certain purposes. —
No funds derived from the United States Department of Housing and Urban Development for the subsidization, directly or indirectly, of very low and low-income housing may be used by any housing authority, directly or indirectly, for any of the nonhousing related activities or housing projects for moderate income persons described in sections 99.010 to 99.230, unless authorized by federal statutes or regulation.
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(L. 1986 S.B. 767)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.230 - Effect of sections 99.010 to 99.230.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1939
99.230. Effect of sections 99.010 to 99.230. —
Insofar as the provisions of sections 99.010 to 99.230 are inconsistent with the provisions of any other law, the provisions of sections 99.010 to 99.230 shall be controlling.
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(RSMo 1939 § 7875)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.300 - Citation of law.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.300. Citation of law. —
Sections 99.300 to 99.660 shall be known and may be cited as the "Land Clearance for Redevelopment Authority Law".
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(L. 1951 p. 300 § 1)
(1954) This law is constitutional. State on Inf. Dalton v. Land Clearance for Redev. Auth. 364 Mo. 974, 270 S.W.2d 44;
(1954) Land Clearance for Redev. Auth. v. City of St. Louis (Mo.), 270 S.W.2d 58.
(1964) Election of city by resolution and vote of people, to come under this law could not be revoked by initiative proceedings since law was not enacted for solely municipal objectives but for state purposes as well, and law remains effective until legislature repeals it or provides by statute for means of withdrawal. Anderson v. Smith (A.), 377 S.W.2d 554.
(1966) Land Clearance for Redevelopment Authority Law, §§ 99.300 to 99.660, and the Urban Redevelopment Corporation Law, chapter 353 do not violate the constitutional provisions prohibiting the taking of private property for public use without consent of owner. Annbar Associates v. West Side Redevelopment Corp. (Mo.), 397 S.W.2d 635.
(1968) Where redevelopment authority had condemned plaintiff's land and was now owner and possessor, plaintiff had no legally protectable interest and there was no justiciable controversy for plaintiff to maintain action for declaratory judgment on question of authority's compliance with statutory requirements. Brooks v. Land Clearance for Redevelopment Auth. (A.), 425 S.W.2d 481.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.310 - Declaration of policy.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1955
99.310. Declaration of policy. —
It is hereby found and declared that there exists in municipalities of the state insanitary, blighted, deteriorated and deteriorating areas which constitute a serious and growing menace injurious to the public health, safety, morals and welfare of the residents of the state; that the existence of such areas contributes substantially and increasingly to the spread of disease and crime, necessitating excessive and disproportionate expenditures of public funds for the preservation of the public health and safety, for crime prevention, correction, prosecution, punishment and the treatment of juvenile delinquency and for the maintenance of adequate police, fire and accident protection and other public services and facilities, constitutes an economic and social liability, substantially impairs or arrests the sound growth of communities and retards the provision of housing accommodations; that this menace is beyond remedy and control solely by regulatory process in the exercise of the police power and cannot be dealt with effectively by the ordinary operations of private enterprise without the aids herein provided; that the elimination or prevention of the detrimental conditions in such areas, the acquisition and preparation of land in or necessary to the development, renewal or rehabilitation of such areas and its sale or lease for development, renewal or rehabilitation in accordance with general plans and redevelopment or urban renewal plans of communities and any assistance which may be given by any public body in connection therewith are public uses and purposes for which public money may be expended and private property acquired; and that the necessity in the public interest for the provisions hereinafter enacted is hereby declared as a matter of legislative determination; and that certain insanitary, blighted, deteriorated or deteriorating areas, or portions thereof, may require acquisition and clearance, as provided in this law, since the prevailing condition of decay may make impracticable the reclamation of the area by conservation or rehabilitation, but other areas or portions thereof, through the means provided in this law may be susceptible of conservation or rehabilitation in such a manner that the conditions and evils hereinbefore enumerated may be eliminated, remedied or prevented, and to the extent feasible, salvable, insanitary and blighted areas should be conserved and rehabilitated through voluntary action and the regulatory process. A municipality, to the greatest extent it determines to be feasible in carrying out the provisions of this law, shall afford maximum opportunity, consistent with the sound needs of the municipality as a whole, to the rehabilitation or redevelopment or renewal of areas by private enterprise.
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(L. 1951 p. 300 § 2, A.L. 1955 p. 279)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.330 - Authority may be created, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.330. Authority may be created, when. —
There is hereby created in each community (as herein defined) a public body corporate and politic, to be known as the "Land Clearance for Redevelopment Authority" of the community; provided, however:
(1) That such authority shall not transact any business or exercise its powers hereunder until or unless the governing body shall approve (by resolution or ordinance as herein provided) the exercise in such community of the powers, functions and duties of an authority under this law; and provided further that, if it deems such action to be in the public interest, the governing body may, instead of such resolution or ordinance adopt a resolution or ordinance approving the exercise of such powers, functions and duties by the community itself or by the housing authority, if one exists or is subsequently established in the community, and in such event, the community or housing authority, as the case may be, shall be vested with all the powers, functions, rights, duties and privileges of a land clearance for redevelopment authority under this law;
(2) The governing body of a community shall not adopt a resolution or ordinance pursuant to subdivision (1) above unless it finds:
(a) That one or more blighted, or insanitary areas (as herein defined) exist in such community, and
(b) That the redevelopment of such area or areas is necessary in the interest of the public health, safety, morals or welfare of the residents of such community.
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(L. 1951 p. 300 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.340 - Board of commissioners — appointment — qualifications — terms.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1997
99.340. Board of commissioners — appointment — qualifications — terms. —
1. When the governing body of a municipality adopts a resolution or ordinance as aforesaid, it shall promptly notify the mayor of such adoption. If the resolution or ordinance adopted is one approving the exercise of powers hereunder by a land clearance for redevelopment authority, the mayor shall appoint a board of commissioners of such authority which shall consist of five commissioners, and when the governing body of a county adopts such a resolution, said body shall appoint a board of commissioners of the authority created for such county which shall consist of five commissioners.
2. All commissioners of an authority shall be taxpayers who have resided for a period of five years in, in the case of a municipality, the area within the municipality; and, in the case of a county, the area within the county.
3. Two of the commissioners who are first appointed shall be designated to serve for terms of one year from the date of their appointment and three shall be designated to serve for terms of two, three and four years respectively from the date of their appointment. Thereafter, commissioners shall be appointed as aforesaid for a term of office for four years except that all vacancies shall be filled for the unexpired term.
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(L. 1951 p. 300 § 4, A.L. 1997 H.B. 689)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.350 - Board of commissioners — meetings — quorum — employees.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.350. Board of commissioners — meetings — quorum — employees. —
1. The powers hereunder vested in each land clearance for redevelopment authority shall be exercised by the board of commissioners thereof. A majority of the commissioners shall constitute a quorum of such board for the purpose of conducting business and exercising the powers of the authority and for all other purposes. Action may be taken by the board upon a vote of a majority of the commissioners present, unless in any case the bylaws of the authority shall require a larger number. Meetings of the board of an authority may be held anywhere within the perimeter boundaries of the area of operation of the authority.
2. The commissioners of an authority shall elect a chairman and vice chairman from among the commissioners; however, the first chairman shall be designated by the mayor. An authority may employ an executive director, technical experts and such other officers, agents and employees, permanent and temporary, as it may require, and shall determine their qualifications, duties and compensation. For such legal services as it may require, an authority may call upon the chief law officer of the communities within its area of operation or may employ its own counsel and legal staff. An authority may delegate to one or more of its agents or employees such powers or duties as it may deem proper.
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(L. 1951 p. 300 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.360 - Regional authority — creation — area of operation increased, how.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.360. Regional authority — creation — area of operation increased, how. —
1. If the governing body of each of two or more communities declares, by resolution or ordinance, that there is a need for one land clearance for redevelopment authority to be created for all of such communities, and has made the findings required by subdivision (2) of section 99.330, a public body, corporate and politic, to be known as a regional land clearance for redevelopment authority (herein referred to as regional authority or authority) shall thereupon exist for all of such communities and may exercise the powers and other functions of an authority under this law in such communities.
2. The area of operation of a regional authority shall be increased from time to time to include one or more additional communities if the governing body of each of such additional communities adopts the resolution or ordinance described in subsection 1 of this section and makes the findings required by subdivision (2) of section 99.330, and the commissioners of the regional authority consent to the inclusion within its area of operation of such additional communities.
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(L. 1951 p. 300 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.370 - Regional authority — commissioners — terms — additional commissioner appointed, when and how.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.370. Regional authority — commissioners — terms — additional commissioner appointed, when and how. —
1. If a regional authority is created as herein provided, one person shall be appointed as a commissioner of such authority for each community for which such authority is created.
2. When the area of operation of a regional authority is increased to include an additional community or communities as herein provided, one additional person shall be appointed as a commissioner of such authority for each such additional community.
3. Each such commissioner appointed for a municipality shall be appointed by the mayor thereof, and each such commissioner appointed for a county shall be appointed by the governing body thereof. The first appointment of commissioners of a regional authority may be made at or after the time of the adoption of the resolution declaring the need for such authority or declaring the need for the inclusion of such community in the area of operation of such authority. The commissioners of a regional authority and their successors shall be appointed as aforesaid for terms of four years except that all vacancies shall be filled for the unexpired terms.
4. If the area of operation of a regional authority consists at any time of an even number of communities, the commissioners of the regional authority already appointed in the manner described above shall appoint one additional commissioner whose term of office shall be as provided for a commissioner of a regional authority except that such term shall end at any earlier time that the area of operation of the regional authority shall be changed to consist of an odd number of communities. The commissioners of such authority already appointed in the manner described above shall likewise appoint each person to succeed such additional commissioner; provided that the term of office of such person begins during the terms of office of the commissioners appointing him.
5. A certificate of the appointment of any such additional commissioners of such regional authority shall be filed with the other records of the regional authority and shall be conclusive evidence of the due and proper appointment of such additional commissioner.
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(L. 1951 p. 300 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.380 - Commissioners — compensation — certificate of appointment.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.380. Commissioners — compensation — certificate of appointment. —
A commissioner of an authority shall receive no compensation for his services, but shall be entitled to the necessary expenses, including traveling expenses, incurred in the discharge of his duties. Each commissioner shall hold office until his successor has been appointed and has qualified. A certificate of the appointment or reappointment of any commissioner shall be filed with the municipal or county clerk, as the case may be, and such certificate shall be conclusive evidence of the due and proper appointment of such commissioner.
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(L. 1951 p. 300 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.390 - Commissioner — misconduct in office — removal — procedure.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.390. Commissioner — misconduct in office — removal — procedure. —
For inefficiency or neglect of duty or misconduct in office, a commissioner of an authority may be removed by the mayor (or by the governing body of the county in case it appointed such commissioner), but a commissioner shall be removed only after a hearing and after he shall have been given a copy of the charges at least ten days prior to such hearing and have had an opportunity to be heard in person or by counsel. In the event of the removal of any commissioner, a record of the proceedings, together with the charges and findings thereon, shall be filed in the office of the municipal or county clerk, as the case may be.
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(L. 1951 p. 300 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.400 - Commissioner not to acquire interest voluntarily in clearance project — penalty.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.400. Commissioner not to acquire interest voluntarily in clearance project — penalty. —
1. No commissioner or employee of an authority shall voluntarily acquire any interest, direct or indirect, in any land clearance project or in any property included or planned by the authority to be included in any such project, or in any contract or proposed contract in connection with any such project.
2. Where the acquisition is not voluntary such commissioner or employee shall immediately disclose such interest in writing to the authority and such disclosure shall be entered upon the minutes of the authority.
3. A commissioner or employee who owns or controls any interest, direct or indirect, in such property shall not participate in any action by the authority affecting the property. If any commissioner or employee of an authority owned or controlled within the preceding two years an interest, direct or indirect, in any property included or planned by the authority to be included in any land clearance project, he immediately shall disclose such interest in writing to the authority and such disclosure shall be entered upon the minutes of the authority. Upon such disclosure such commissioner or employee shall not participate in any action by the authority affecting such property.
4. Any violation of the provisions of sections 99.330 to 99.410 shall constitute misconduct in office.
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(L. 1951 p. 300 § 4)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.410 - Resolution creating authority deemed conclusive, when — filing.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.410. Resolution creating authority deemed conclusive, when — filing. —
1. In any suit, action or proceeding involving the validity or enforcement of or relating to any contract of an authority or other public body, such authority or other public body shall be conclusively deemed to have become established and authorized to transact business and exercise its powers hereunder upon proof of the adoption of the appropriate resolution prescribed in subdivision (1) of section 99.330 or subsection 1 of section 99.360 above. Each such resolution shall be deemed sufficient if it authorizes the exercise of powers hereunder by the authority or other public body and finds in substantially the terms provided in subdivision (2) of section 99.330 (no further detail being necessary) that the conditions therein enumerated exist.
2. A copy of such resolution duly certified by the municipal or county clerk, as the case may be, shall be admissible in evidence in any suit, action or proceeding.
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(L. 1951 p. 300 § 4)
(1968) Where redevelopment authority had condemned plaintiff's land and was now owner and possessor, plaintiff had no legally protectable interest and there was no justiciable controversy for plaintiff to maintain action for declaratory judgment on question of authority's compliance with statutory requirements. Brooks v. Land Clearance for Redevelopment Auth. (A.), 425 S.W.2d 481.
(1954) Land Clearance for Redev. Authority v. City of St. Louis, 364 Mo. 974, 270 S.W.2d 58.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.460 - Power of eminent domain — procedure.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 2006
99.460. Power of eminent domain — procedure. —
1. An authority whose board members are appointed by one or more elected officials shall have the right to acquire by the exercise of the power of eminent domain any real property which it may deem necessary for a land clearance project or for its purposes under this law after the adoption by it of a resolution declaring that the acquisition of the real property described therein is necessary for such purposes. An authority may exercise the power of eminent domain in the manner and under the procedure provided for corporations in chapter 523 and acts amendatory thereof or supplementary thereto.
2. Property already devoted to a public use may be acquired in like manner, provided that no real property belonging to the municipality, the county or the state may be acquired without its consent.
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(L. 1951 p. 300 § 8, A.L. 2006 H.B. 1944)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.470 - Vacant land may be developed, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.470. Vacant land may be developed, when. —
Upon a determination, by resolution or ordinance, of the governing body of the community in which such land is located that the acquisition and development of undeveloped vacant land, not within a blighted, or insanitary area, is essential to the proper clearance or redevelopment of blighted, or insanitary areas, or a necessary part of the general land clearance program of the community, the acquisition, planning, preparation for development or disposal of such land shall constitute a land clearance project which may be undertaken by the authority in the manner provided in the foregoing sections. The determination by the governing body shall be in lieu of the declaration required by subdivision (2) of section 99.430 but shall not be made until the governing body finds that there is a shortage of decent, safe and sanitary housing in the community; that such undeveloped vacant land will be developed for predominantly residential uses; and that the provision of dwelling accommodations on such undeveloped vacant land is necessary to accomplish the relocation, in decent, safe and sanitary housing in the community, of families to be displaced from blighted, or insanitary areas which are to be redeveloped; provided, however, that in the undertaking of land clearance projects on a regional or unified metropolitan basis, involving the acquisition and development of undeveloped vacant land in one community as an adjunct to the redevelopment of blighted, or insanitary areas, in another community, each determination or finding required in this section shall be made by the governing body of the community with respect to which the determination or finding relates.
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(L. 1951 p. 300 § 9)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.480 - Bonds — authority to issue — how paid.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.480. Bonds — authority to issue — how paid. —
1. An authority shall have power to issue bonds from time to time in its discretion for any of its corporate purposes including the payment of principal and interest upon any advances for surveys and plans for land clearance projects.
2. An authority shall also have power to issue refunding bonds for the purpose of paying or retiring or in exchange for bonds previously issued by it.
3. An authority may issue such types of bonds as it may determine, including (without limiting the generality of the foregoing) bonds on which the principal and interest are payable:
(1) Exclusively from the income, proceeds, and revenues of the land clearance project financed with the proceeds of such bonds; or
(2) Exclusively from the income, proceeds, and revenues of any of its land clearance projects whether or not they are financed in whole or in part with the proceeds of such bonds.
4. Provided that any such bonds may be additionally secured by a pledge of any loan, grant or contributions, or parts thereof, from the federal government or other source, or a mortgage of any land clearance project or projects of the authority.
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(L. 1951 p. 300 § 10)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.490 - Bonds — conditions — interest rate — to be sold at par.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1982
99.490. Bonds — conditions — interest rate — to be sold at par. —
1. Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, be payable upon demand or mature at such time or times, bear interest at such rate or rates, not in excess of the maximum rate, if any, applicable to general and business corporations, be in such denomination or denominations, be in such form either coupon or registered, carry such conversion or registration privileges, have such rank or priority, be executed in such manner, be payable in such medium of payment, at such place or places, and be subject to such terms of redemption (with or without premium) as such resolution, its trust indenture or mortgage may provide.
2. The bonds shall be sold at not less than ninety-five percent of par at public or, if the authority determines it is in the best interest of the authority to sell such bonds at private sale, notwithstanding the provisions of section 108.070. The reason or reasons why private sale is in the best interest of the authority shall be set forth in the order or resolution authorizing the private sale; provided, however, that any issue in excess of ten million dollars shall be sold only at public sale; provided, further, that notice of such public or private sale shall be published in a newspaper having a general circulation in the area of operation and such medium of publication as the authority may deem at least once and not later than ten days prior to such public or private sale. The decision of the authority shall be conclusive.
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(L. 1951 p. 300 § 10, A.L. 1982 H.B. 1411 & 1587)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.500 - Bonds — commissioners not personally liable — not to constitute debt of a political subdivision or state — exempt from income taxes.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.500. Bonds — commissioners not personally liable — not to constitute debt of a political subdivision or state — exempt from income taxes. —
1. Neither the commissioners of an authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Bonds issued under this section by a land clearance for redevelopment authority, created by or pursuant to sections 99.330 to 99.410 or by a housing authority, shall not be a debt of the municipality, the county or the state and neither the municipality, the county or the state shall be liable thereon nor in any event shall such bonds be payable out of any funds or properties other than those acquired for the purposes of this law and such bonds shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.
2. Bonds of an authority 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 income taxes.
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(L. 1951 p. 300 § 10)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.510 - Commissioner's signature on bonds — validity — bonds deemed to be issued for lawful purpose.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.510. Commissioner's signature on bonds — validity — bonds deemed to be issued for lawful purpose. —
1. In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the delivery of such bonds, such signatures shall, nevertheless, be valid and sufficient for all purposes, the same as if such commissioners or officers had remained in office until such delivery. Any provision of any law to the contrary notwithstanding, any bonds issued pursuant to sections 99.300 to 99.660 shall be fully negotiable.
2. In any suit, action or proceedings involving the validity or enforceability of any bond of an authority or the security therefor, any such bond reciting in substance that it has been issued by the authority to aid in financing a land clearance project, as herein defined, shall be conclusively deemed to have been issued for such purpose and such project shall be conclusively deemed to have been planned, located and carried out in accordance with the purposes and provisions of this law.
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(L. 1951 p. 300 § 10)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.530 - Default of bonds — rights of obligee.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.530. Default of bonds — rights of obligee. —
An authority shall have power by its resolution, trust indenture, mortgage, lease or other contract to confer upon an obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred), upon the happening of an event of default as defined in such resolution or instrument, by suit, action or proceeding in any court of competent jurisdiction:
(1) To cause possession of any land clearance project or any part thereof, title to which is in the authority, to be surrendered to any such obligee;
(2) To obtain the appointment of a receiver of any land clearance project of said authority or any part thereof, title to which is in the authority, and of the rents and profits therefrom. If such receiver be appointed, he may enter and take possession of, carry out, operate and maintain such project or any part thereof and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom, and shall keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of said authority as the court shall direct; and
(3) To require said authority and the commissioners, officers, agents and employees thereof to account as if it and they were the trustees of an express trust.
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(L. 1951 p. 300 § 12)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.540 - Obligee — additional rights.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.540. Obligee — additional rights. —
An obligee of an authority shall have the right in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon such obligee:
(1) By mandamus, suit, action or proceeding at law or in equity to compel said authority and the commissioners, officers, agents or employees thereof to perform each and every term, provision and covenant contained in any contract of said authority with or for the benefit of such obligee, and to require the carrying out of any or all such covenants and agreements of said authority and the fulfillment of all duties imposed upon said authority by this law; and
(2) By suit, action or proceeding in equity, to enjoin any acts or things which may be unlawful, or the violation of any of the rights of such obligee of said authority.
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(L. 1951 p. 300 § 13)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.550 - Bonds — who may invest in.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.550. Bonds — who may invest in. —
All public officers, municipal corporations, political subdivisions and public bodies, all banks, trust companies, bankers, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all executors, administrators, curators, trustees, and other fiduciaries may legally invest any sinking funds, moneys, or other funds belonging to them or within their control in any bonds or other obligations issued by an authority pursuant to this law or by any public housing or redevelopment authority or commission, or agency or any other public body in the United States for redevelopment purposes, when such bonds and other obligations are secured by a contract for financial assistance to be paid by the federal government or any agency thereof and such bonds and other obligations shall be authorized security for all public deposits. It is the purpose of this section to authorize any persons, political subdivisions and officers, public or private, to use any funds owned or controlled by them for the purchase of any such bonds or other obligations. However, nothing contained in this section with regard to legal investments shall be construed as relieving any person of any duty of exercising reasonable care in selecting securities.
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(L. 1951 p. 300 § 14)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.560 - Authority may convey property to federal government in case of default.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.560. Authority may convey property to federal government in case of default. —
In any contract for financial assistance with the federal government the authority may obligate itself (which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding any other laws) to convey to the federal government possession of or title to the land clearance project and land therein to which such contract relates which is owned by the authority, upon the occurrence of a substantial default (as defined in such contract) with respect to the covenants or conditions to which the authority is subject; such contract may further provide that in case of such conveyance, the federal government may complete, operate, manage, lease, convey or otherwise deal with the land clearance project in accordance with the terms of such contract; provided, that the contract requires that, as soon as practicable after the federal government is satisfied that all defaults with respect to the land clearance project have been cured and that the land clearance project will thereafter be operated in accordance with the terms of the contract, the federal government shall reconvey to the authority the land clearance project as then constituted.
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(L. 1951 p. 300 § 15)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 99 - Municipal Housing › Section 99.570 - Property of authority exempt from execution.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 99
• Effective - 28 Aug 1951
99.570. Property of authority exempt from execution. —
All property including funds of an authority shall be exempt from levy and sale by virtue of an execution, and no execution or other judicial process shall issue against the same nor shall judgment against an authority be a charge or lien upon its property; provided, however, that the provisions of this section shall not apply to or limit the right of obligees to foreclose or otherwise enforce any mortgage of an authority or the right of obligees to pursue any remedies for the enforcement of any pledge or lien given by an authority on its rents, fees, grants or revenues.
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(L. 1951 p. 300 § 16)