reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.837 - Transient guest tax (Canton, LaGrange, Edina, special charter cities).

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
Effective - 28 Aug 2007, 2 histories
94.837. Transient guest tax (Canton, LaGrange, Edina, special charter cities). —
1. The governing body of any city of the fourth classification with more than two thousand five hundred but fewer than two thousand six hundred inhabitants and located in any county of the third classification without a township form of government and with more than ten thousand four hundred but fewer than ten thousand five hundred inhabitants, the governing body of any special charter city, and the governing body of any city of the fourth classification with more than one thousand two hundred but fewer than one thousand three hundred inhabitants and located in any county of the third classification without a township form of government and with more than four thousand three hundred but fewer than four thousand four hundred inhabitants may impose a tax on the charges for all sleeping rooms paid by the transient guests of hotels or motels situated in the city or a portion thereof, which shall not be more than five percent per occupied room per night, except that such tax shall not become effective unless the governing body of the city submits to the voters of the city at a state general or primary election a proposal to authorize the governing body of the city to impose a tax under this section. The tax authorized in this section shall be in addition to the charge for the sleeping room and all other taxes imposed by law, and the proceeds of such tax shall be used by the city solely for the promotion of tourism. Such tax shall be stated separately from all other charges and taxes.
2. The ballot of submission for the tax authorized in this section shall be in substantially the following form:
Shall ______ (insert the name of the city) impose a tax on the charges for all sleeping rooms paid by the transient guests of hotels and motels situated in ______ (name of city) at a rate of ______ (insert rate of percent) percent for the sole purpose of promoting tourism?
☐ YES
☐ NO
­­If a majority of the votes cast on the question by the qualified voters voting thereon are in favor of the question, then the tax shall become effective on the first day of the second calendar quarter following the calendar quarter in which the election was held. If a majority of the votes cast on the question by the qualified voters voting thereon are opposed to the question, then the tax authorized by this section shall not become effective unless and until the question is resubmitted under this section to the qualified voters of the city and such question is approved by a majority of the qualified voters of the city voting on the question.
3. As used in this section,
"transient guests"
means a person or persons who occupy a room or rooms in a hotel or motel for thirty-one days or less during any calendar quarter.
­­--------
(L. 2005 H.B. 58 merged with H.B. 186, A.L. 2007 H.B. 795 merged with S.B. 81)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.840 - Transient guest tax for tourism and convention facilities (City of Raytown).

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
Effective - 28 Aug 2010
94.840. Transient guest tax for tourism and convention facilities (City of Raytown). —
1. The governing body of any city of the fourth classification with more than thirty thousand three hundred but fewer than thirty thousand seven hundred inhabitants may impose a tax on the charges for all sleeping rooms paid by the transient guests of hotels or motels situated in the city or a portion thereof, which shall not be more than five percent per occupied room per night, except that such tax shall not become effective unless the governing body of the city submits to the voters of the city at a state general, primary, or special election a proposal to authorize the governing body of the city to impose a tax under this section. The tax authorized in this section shall be in addition to the charge for the sleeping room and all other taxes imposed by law, and the proceeds of such tax shall be used by the city for the promotion, operation, and development of tourism and convention facilities. Such tax shall be stated separately from all other charges and taxes.
2. The ballot of submission for the tax authorized in this section shall be in substantially the following form:
Shall ______ (insert the name of the city) impose a tax on the charges for all sleeping rooms paid by the transient guests of hotels and motels situated in ______ (name of city) at a rate of ______ (insert rate of percent) percent for the purpose of the promotion, operation, and development of tourism and convention facilities?
☐ YES
☐ NO
­­If a majority of the votes cast on the question by the qualified voters voting thereon are in favor of the question, then the tax shall become effective on the first day of the second calendar quarter following the calendar quarter in which the election was held. If a majority of the votes cast on the question by the qualified voters voting thereon are opposed to the question, then the tax authorized by this section shall not become effective unless and until the question is resubmitted under this section to the qualified voters of the city and such question is approved by a majority of the qualified voters of the city voting on the question.
3. As used in this section,
"transient guests"
means a person or persons who occupy a room or rooms in a hotel or motel for thirty-one days or less during any calendar quarter.
­­--------
(L. 2010 H.B. 1442)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.850 - Sales tax may be proposed by governing body, submission to voters — ballot form.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 1993
94.850. Sales tax may be proposed by governing body, submission to voters — ballot form. —
Any city, town or village located within a county of the first classification having a charter form of government and having a population of nine hundred thousand or more inhabitants may by a vote of its governing body impose a sales tax in the amount of one-eighth of one percent or one-fourth of one percent on the receipts from the sale at retail of all tangible personal property or taxable services at retail within the city, town or village, but no such ordinance shall become effective unless the council or other governing body submits to the voters of the city, town or village at a city or state general, primary, or special election, a proposal to authorize the council or other governing body of the city, town or village to impose such a sales tax. The ballot of submission shall contain, but is not limited to, the following language:
Shall the city of ______ (city's name) impose a sales tax of ______ (insert amount)?
☐ YES
☐ NO
If you are in favor of the question, place an "X" in the box opposite "YES". If you are opposed to the question, place an "X" in the box opposite "NO".
­­If a majority of the votes cast on the proposal by the qualified voters voting thereon are in favor of the proposal, then the ordinance and any amendments thereto shall be in effect. If a majority of the votes cast by the qualified voters voting thereon are opposed to the proposal, then the council or other governing body of the city, town or village shall have no power to impose the tax authorized in this section unless and until the council or other governing body submits another proposal to authorize the council or other governing body to impose the tax and such proposal is approved by a majority of the qualified voters voting thereon.
­­--------
(L. 1993 H.B. 618 § 2 subsec. 1)
CROSS REFERENCE:
Municipalities in St. Louis County, additional sales tax for capital improvement purposes, 94.890
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.852 - Boundary changes, procedure, city clerk's duties — tax effect on detached and added territory.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 1993
94.852. Boundary changes, procedure, city clerk's duties — tax effect on detached and added territory. —
If any city, town, or village shall hereafter change or alter its boundaries, the city clerk of the municipality shall forward to the director of revenue, by registered mail, a certified copy of the ordinance adding or detaching territory from the municipality. The ordinance shall reflect the effective date thereof, and shall be accompanied by a map of the municipality clearly showing the territory added thereto or detached therefrom. Upon receipt of the ordinance and map, the tax imposed by sections 94.850 to 94.857 shall be effective in the added territory or abolished in the detached territory on the effective date of the change of the municipal boundary.
­­--------
(L. 1993 H.B. 618 § 2 subsec. 2)
CROSS REFERENCE:
Municipalities in St. Louis County, additional sales tax for capital improvement purposes, 94.890
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.855 - Collection, definitions and procedure applicable to sales tax.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 1993
94.855. Collection, definitions and procedure applicable to sales tax. —
Except as modified in sections 94.850 to 94.857, all provisions of sections 32.085 and 32.087 shall apply to the tax imposed under sections 94.850 to 94.857.
­­--------
(L. 1993 H.B. 618 § 3)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.873 - Retailers and persons liable for payment of taxes and returns.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 1994
94.873. Retailers and persons liable for payment of taxes and returns. —
Every retailer, vendor, operator, and other person who sells goods and services subject to tax under section 94.870 shall be liable and responsible for the payment of taxes due under section 94.870
*
and shall make a return and remit such taxes at such times and in such manner as the governing body shall prescribe.
­­--------
(L. 1994 S.B. 749)
*Words "this section" appear in original rolls.
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.875 - Tourism tax trust fund established, purpose — taxes to be deposited in fund — distribution — election required to impose tax.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 2007, 2 histories
94.875. Tourism tax trust fund established, purpose — taxes to be deposited in fund — distribution — election required to impose tax. —
All taxes authorized and collected under sections 94.870 to 94.881 shall be deposited by the political subdivision in a special trust fund to be known as the "Tourism Tax Trust Fund". The moneys in such tourism tax trust fund shall not be commingled with any other funds of the political subdivision except as specifically provided in this section. The taxes collected shall be used, upon appropriation by the political subdivision, solely for the purpose of constructing, maintaining, or operating convention and tourism facilities, and at least twenty-five percent of such taxes collected shall be used for tourism marketing and promotional purposes; except that in any city with a population of less than seven thousand five hundred inhabitants, forty percent of such taxes collected may be transferred to such city's general revenue fund and the remaining thirty-five percent may be used for city capital improvements, pursuant to voter approval. The moneys in the tourism tax trust fund of any city with a population of at least fifteen thousand located partially but not wholly within a county of the third classification with a population of at least thirty-nine thousand inhabitants shall be used solely for tourism marketing and promotional purposes. The tax authorized by section 94.870 shall be in addition to any and all other sales taxes allowed by law, but no ordinance or order imposing a tax under section 94.870 shall be effective unless the governing body of the political subdivision submits to the voters of the political subdivision at a municipal or state general, primary, or special election a proposal to authorize the governing body of the political subdivision to impose such tax.
­­--------
(L. 1994 S.B. 749, A.L. 1996 H.B. 1237, A.L. 2002 H.B. 1041 merged with S.B. 1151, A.L. 2007 H.B. 205, A.L. 2007 S.B. 22)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.877 - Ballot form for submission of tax — tax to become effective, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 1994
94.877. Ballot form for submission of tax — tax to become effective, when. —
The ballot of submission shall contain, but need not be limited to:
Shall the governing body of ______ (insert name of political subdivision) impose a tourism tax of ______% on sales, charges or admissions on all hotels, motels, recreation vehicle parks, campground sites, condominium units rented for less than thirty days for the purpose of funding ______ (insert type of improvement)?
☐ YES
☐ NO
­­If a majority of the votes cast on the question by the qualified voters voting thereon are in favor of the question, then the tax shall become effective on the first day of the calendar quarter following the calendar quarter in which the election was held. If a majority of the votes cast on the question by the qualified voters voting thereon are opposed to the question, then the governing body shall have no power to impose the tax authorized by section 94.870 unless and until the governing body again submits the question to the qualified voters and such question is approved by a majority of the qualified voters voting on the question.
­­--------
(L. 1994 S.B. 749)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.879 - Options on how tax shall be collected, internal collection by political subdivision's officer or director of revenue.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 1994
94.879. Options on how tax shall be collected, internal collection by political subdivision's officer or director of revenue. —
On and after the effective date of any tax authorized under the provisions of section 94.870, the political subdivision which levied the tax may adopt one of the two following provisions for the collection and administration of the tax:
(1) The political subdivision which levied the tax may adopt rules and regulations for the internal collection of such tax by the officers usually responsible for collection and administration of taxes; or
(2) The political subdivision may enter into an agreement with the director of revenue of the state of Missouri for the purpose of collecting the tax authorized in section 94.870. In the event any political subdivision enters into an agreement with the director of revenue of the state of Missouri for the collection of the tax authorized in section 94.870, the director of revenue shall perform all functions incident to the administration, collection, enforcement and operation of such tax, and the director of revenue shall collect the additional tax authorized under the provisions of section 94.870.
­­The tax authorized under the provisions of section 94.870 shall be collected and reported upon such forms and under such administrative rules and regulations as may be prescribed by the director of revenue, and the director of revenue shall retain not less than one percent nor more than three percent for cost of collection.
­­--------
(L. 1994 S.B. 749)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.881 - Penalty for delinquent taxes, amount — taxes delinquent, when.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
• Effective - 28 Aug 1994
94.881. Penalty for delinquent taxes, amount — taxes delinquent, when. —
If a tax is imposed by a political subdivision under section 94.870, the political subdivision may collect a penalty of one percent and interest not to exceed two percent per month on unpaid taxes which shall be considered delinquent thirty days after the last day of each quarter.
­­--------
(L. 1994 S.B. 749)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 94 - Taxation in Other Cities › Section 94.1013 - Transient guest tax — ballot language (cities of Jonesburg and New Florence).

Title VII CITIES, TOWNS AND VILLAGES
Chapter 94
Effective - 28 Aug 2013
94.1013. Transient guest tax — ballot language (cities of Jonesburg and New Florence). —
1. The governing body of any city of the fourth classification with more than seven hundred but fewer than eight hundred inhabitants and located in any county of the third classification without a township form of government and with more than twelve thousand but fewer than fourteen thousand inhabitants may impose a tax on the charges for all sleeping rooms paid by the transient guests of hotels or motels situated in the city or a portion thereof, which shall not be more than five percent per occupied room per night, except that such tax shall not become effective unless the governing body of the city submits to the voters of the city at a state general or primary election a proposal to authorize the governing body of the city to impose a tax under this section. The tax authorized in this section shall be in addition to the charge for the sleeping room and all other taxes imposed by law, and the proceeds of such tax shall be used by the city for the promotion of tourism, growth of the region, and economic development. Such tax shall be stated separately from all other charges and taxes.
2. The ballot of submission for the tax authorized in this section shall be in substantially the following form:
Shall ______ (insert the name of the city) impose a tax on the charges for all sleeping rooms paid by the transient guests of hotels and motels situated in ______ (name of city) at a rate of ______ (insert rate of percent) percent for the promotion of the city, growth of the region, and economic development?
☐ YES
☐ NO
­­If a majority of the votes cast on the question by the qualified voters voting thereon are in favor of the question, then the tax shall become effective on the first day of the second calendar quarter following the calendar quarter in which the election was held. If a majority of the votes cast on the question by the qualified voters voting thereon are opposed to the question, then the tax authorized by this section shall not become effective unless and until the question is resubmitted under this section to the qualified voters of the city and such question is approved by a majority of the qualified voters of the city voting on the question.
3. As used in this section,
"transient guests"
means persons who occupy a room or rooms in a hotel or motel for thirty-one days or less during any calendar quarter.
­­--------
(L. 2013 S.B. 23 § 94.1060)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.115 - Cities and towns may incur indebtedness, how.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1990
95.115. Cities and towns may incur indebtedness, how. —
Any city, incorporated town or village of the state, whether organized under the general laws of this state or by special charter or by constitutional charter, by vote of the constitutionally required percentage of the electors thereof voting thereon, may become indebted in an amount exceeding in any year the income and revenue provided for such year plus any unencumbered balances from previous years for any purpose authorized in the charter of such city, incorporated town or village, or by any general law of this state. Such indebtedness shall not exceed five percent of the value of taxable tangible property therein as shown by the last completed assessment for state and county purposes.
­­--------
(RSMo 1939 § 7368, A.L. 1945 p. 1299, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)
Prior revisions: 1929 § 7217; 1919 § 8656; 1909 § 9544
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.120 - Additional indebtedness of cities by special vote.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1990
95.120. Additional indebtedness of cities by special vote. —
Any city, whether organized under the general laws of this state or by special charter or by constitutional charter, by vote of the constitutionally required percentage of the qualified electors thereof voting thereon, may incur an additional indebtedness for city purposes authorized in the charter of such city or by any general law of this state, not to exceed five percent of the taxable tangible property therein as shown by the last completed assessment for state and county purposes.
­­--------
(L. 1945 p. 1299 § 7368a, A.L. 1990 H.B. 1621)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.123 - Indebtedness to establish revolving improvement fund, purposes, procedure.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1959
95.123. Indebtedness to establish revolving improvement fund, purposes, procedure. —
1. Any city, whether organized under the general laws of this state or by special or constitutional charter, may become indebted and issue bonds in evidence thereof in the manner and to the extent provided in sections 95.115 to 95.170, inclusive, for the purpose of establishing a revolving improvement fund to be used for the purchase of tax bills issued by the city, in payment for public improvements under any law of this state. Such purpose is found and declared to be a city purpose within the meaning of sections 95.115 and 95.120 and Article X, Section 1, and Article VI, Section 26, of the Constitution of the State of Missouri.
2. Any city desiring to establish a revolving improvement fund under this section shall proceed in the manner provided in sections 95.135 to 95.160, inclusive, and the provisions of sections 95.115, 95.120 and 95.135 to 95.170, inclusive, apply to all cities proceeding under this section.
3. The principal proceeds of the sale of any bonds issued under this section shall be deposited by the issuing municipality in a separate fund to be known as the "Revolving Improvement Fund". The issuing municipality may thereafter purchase out of the fund any special tax bills issued by it in payment for public improvements under any law of this state, and may use the fund for no other purpose. The accrued interest and any premium received upon delivery of any such bonds shall be deposited in the interest and sinking fund from which the bonds and the interest thereon are payable.
4. All sums received in payment of principal on the special tax bills so purchased shall be paid into the revolving improvement fund, and shall be reused as provided in subsection 3. So long as any bonds issued under the provisions of this section remain outstanding, all sums received in payment of interest on any special tax bills purchased with the proceeds of the sale of such bonds shall be transferred and credited to the interest and sinking fund from which the bonds and the interest thereon are payable. When all bonds issued hereunder have been fully paid, all interest received on special tax bills purchased from the revolving improvement fund shall be transferred to the revolving improvement fund.
5. When the city purchases any tax bill from a contractor and if said bill is not paid in accordance with the terms thereof the city attorney or city counselor shall forthwith institute suit on said tax bill as is by law provided.
­­--------
(L. 1959 H.B. 354 §§ 1 to 5)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.125 - Indebtedness for street improvements.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1990
95.125. Indebtedness for street improvements. —
Any city, whether organized under the general laws of this state or by special charter or by constitutional charter, by a vote of the constitutionally required percentage of the voters thereof voting thereon, may become indebted, not exceeding in the aggregate an additional ten percent of the value of the taxable tangible property therein as shown by the last completed assessment for state and county purposes, for the purpose of acquiring rights-of-way, constructing, extending and improving the streets and avenues and acquiring rights-of-way, constructing, extending and improving sanitary or storm sewer systems. The governing body of such city may provide that any portion or all of the cost of any such improvement be levied and assessed by such governing body on property benefitted by such improvement, and, when so provided, such city shall collect any special assessments so levied and shall use the same to reimburse the city for the amount paid or to be paid by it on the bonds of the city issued for such improvement.
­­--------
(L. 1945 p. 1299 § 7368b, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.130 - Indebtedness for waterworks, electric or other light plants.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1990
95.130. Indebtedness for waterworks, electric or other light plants. —
Any city, whether organized under the general laws of this state or by special charter or by constitutional charter, by vote of the constitutionally required percentage of the voters thereof voting thereon, may incur an indebtedness in an amount not to exceed an additional ten percent of the value of the taxable tangible property therein as shown by the last completed assessment for state and county purposes for the purpose of paying all or any part of the cost of purchasing or constructing waterworks, electric or other light plants to be owned exclusively by the city. The total general obligation indebtedness of such city shall not exceed twenty percent of the assessed valuation of such city as shown by the last completed assessment for state and county purposes.
­­--------
(L. 1945 p. 1299 § 7368c, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.135 - Annual tax to pay principal and interest — indebtedness to be retired in twenty years.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1945
95.135. Annual tax to pay principal and interest — indebtedness to be retired in twenty years. —
Before incurring any indebtedness under the provisions of sections 95.115 to 95.130, every city, incorporated town or village, whether organized under the general laws of this state or by special charter or by constitutional charter, shall provide for the collection of an annual tax on all taxable tangible property therein sufficient to pay the interest and principal of the indebtedness as they fall due, and to retire the same within twenty years from the date contracted.
­­--------
(L. 1945 p. 1299 § 7368d)
CROSS REFERENCE:
Proceeds and sinking funds of bonds--to be kept separately, 108.180 to 108.230
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.145 - Election.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1978
95.145. Election. —
For the purpose of testing the sense of the voters of any incorporated city, town, or village, whether organized under the general laws of this state or by special charter or by constitutional charter, upon a proposition to incur debt as authorized in sections 95.115 to 95.135, the council, board of aldermen or trustees, as the case may be, shall order the question be submitted to the voters.
­­--------
(RSMo 1939 § 7369, A.L. 1945 p. 1299, A.L. 1978 H.B. 971)
Prior revisions: 1929 § 7218; 1919 § 8657; 1909 § 9545
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.150 - Form of ballot.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1978
95.150. Form of ballot. —
The question shall be submitted in substantially the following form:
Shall ______ (name of city, town, or village) issue bonds in the amount of ______ dollars for the purpose of ______?
­­--------
(RSMo 1939 § 7370, A.L. 1953 p. 303, A.L. 1978 H.B. 971)
Prior revisions: 1929 § 7219; 1919 § 8658; 1909 § 9546
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.155 - Bonds issued, when, terms.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1990
95.155. Bonds issued, when, terms. —
Upon the result of the submission of the question being certified to the council, board of aldermen or trustees, as the case may be, if the proposition to incur or increase such indebtedness be assented to by the constitutionally required percentage of the voters voting on the proposition, the council, board of aldermen or trustees, as the case may be, may, by ordinance or resolution, declare the result of the submission of the question and cause bonds of such municipality to be issued, not exceeding the amount authorized, and in denominations of not less than one hundred dollars, or some multiple thereof, payable in not more than twenty years from the date they bear, bearing interest from date at a rate not exceeding the rate per annum authorized by law. All such bonds shall be signed by the mayor of the city, or chairman of the board of trustees of the town or village, as the case may be, attested by the signature of the clerk, and each bond shall have impressed thereon the corporate seal of the municipality. In the event that the charter under which a municipality may be operating makes no provision for the office of mayor, such bonds shall be signed by the presiding officer of the governing body of such municipality. In the event that the charter under which a municipality may be operating makes no provision for the office of clerk, such bonds shall be attested by the officer designated by the charter as the custodian of the seal of the municipality.
­­--------
(RSMo 1939 § 7371, A.L. 1957 p. 280, A.L. 1978 H.B. 971, A.L. 1990 H.B. 1621)
Prior revisions: 1929 § 7220; 1919 § 8659; 1909 § 9547
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.160 - Provisions of sections 95.115 to 95.155, scope of.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.160. Provisions of sections 95.115 to 95.155, scope of. —
The provisions of sections 95.115 to 95.155 shall apply to all cities, towns and villages in this state, whether organized by special charter or under the general laws of the state, any provision in any special charter of any city, town or village in the state to the contrary notwithstanding.
­­--------
(RSMo 1939 § 7372)
Prior revisions: 1929 § 7221; 1919 § 8660; 1909 § 9548
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.165 - Treasurer or other officer to register bonds when requested.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.165. Treasurer or other officer to register bonds when requested. —
Whenever the owner of any coupon bond, or of any bond payable to bearer, already issued or hereafter issued by any municipal corporation now or hereafter existing in this state, whether organized under special charter or not, shall present any such bond to the treasurer or other officer of such corporation, who by law performs the duties of treasurer, with a request for the conversion of such bond into a registered bond, such treasurer, or such other officer, shall cut off and cancel the coupons of any such coupon bond so presented, and shall stamp, print or write upon such coupon bond, or such other bond payable to bearer, so presented, either upon the back or upon the face thereof, as may be convenient, a statement to the effect that the said bond is registered in the name of the owner, and that thereafter the interest and principal of said bond are payable to the registered owner. Thereafter, and from time to time any such bond may be transferred by such registered owner in person, or by attorney duly authorized on presentation of such bond to such treasurer, or such other officer, and the bond be again registered as before, a similar statement being stamped, printed or written thereon. Such statement stamped, printed or written upon any such bond may be in substantially the following form:
(Date, giving month, day and year.)
This bond is registered pursuant to the statute in such cases made and provided in the name of ______ (here insert name of owner) and the interest and principal thereof are hereafter payable to such owner.
______, treasurer (or such other officer).
­­After any bond shall have been registered as aforesaid, the principal and interest of such bond shall be payable to the registered owner. Such treasurer, or such other officer, shall keep in his office a book or books which shall at all times show what bonds are registered and in whose names respectively.
­­--------
(RSMo 1939 § 7387)
Prior revisions: 1929 § 7236; 1919 § 8668
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.170 - Form of bonds.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.170. Form of bonds. —
Whenever under any statute of this state or any charter of any municipal corporation, whether organized under special charter or not, in this state, any bonds are issued, whether the proceedings for the issuance of such bonds have been had in whole or in part prior to the enactment of this statute, such bonds may be issued either in the form of coupon bonds, or in the form of registered bonds, or some in the form of coupon bonds, and some in the form of registered bonds, as has been or hereafter may be provided in the proceedings for the issuance of such bonds, and notwithstanding any language or provision to the contrary contained in any such statute or charter authorizing the issuance of the bonds, or in any other law of the state. The provisions of section 95.165 shall apply to coupon bonds, so issued, as well as to other coupon bonds, or other bonds payable to bearer.
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(RSMo 1939 § 7388)
Prior revisions: 1929 § 7237; 1919 § 8669
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.280 - Depositary for city funds, how selected.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 2004, 2 histories
95.280. Depositary for city funds, how selected. —
1. Subject to the provisions of section 110.030, the city council, at its regular meetings in July of each year, may receive sealed proposals for the deposit of the city funds from banking institutions doing business within the city that desire to be selected as the depositary of the funds of the city. Notice that bids will be received shall be published by the city clerk not less than one nor more than four weeks before the meeting, in some newspaper published in the city. Any banking institution doing business in the city, desiring to bid, shall deliver to the city clerk, on or before the day of the meeting, a sealed proposal stating the rate percent upon daily balances that the banking institution offers to pay to the city for the privilege of being the depositary of the funds of the city for the year next ensuing the date of the meeting; or, in the event that the selection is made for a less term than one year, as herein provided, then for the time between the date of the bid and the next regular time for the selection of a depositary. It is a misdemeanor for the city clerk or other person to disclose directly or indirectly the amount of any bid to any person before the selection of the depositary.
2. Notwithstanding the provisions of subsection 1 of this section to the contrary, the city council of any third class city with a population of more than fifteen thousand and less than nineteen thousand that is located in any county of the fourth classification with a population of more than forty thousand and less than forty-eight thousand three hundred, or of any city of the third classification with more than ten thousand five hundred but less than ten thousand six hundred inhabitants may receive sealed proposals for the deposit of city funds from banking institutions doing business within the city at any of the regular meetings of such city. The city shall send notice of bids to each banking institution in the city by regular mail at the time the notice is published in the newspaper in subsection 1 of this section. The banking institution selected as the depositary shall be offered a depositary contract for a maximum of two years. Any such city shall follow the bid procedure established in subsection 1 of this section, except as otherwise provided in this subsection.
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(RSMo 1939 § 6939, A.L. 1965 p. 216, A.L. 2001 S.B. 441, A.L. 2004 H.B. 1398)
Prior revisions: 1929 § 6793; 1919 § 8280; 1909 § 9217
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.285 - Depositary to deposit securities — contract term for depositaries, certain cities (Maryville).

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
Effective - 28 Aug 2004
95.285. Depositary to deposit securities — contract term for depositaries, certain cities (Maryville). —
1. Except as provided in subsection 2 of this section, upon the opening of the sealed proposals submitted, the city council shall select as the depositary of the funds of the city the banking institution offering to pay to the city the largest amount for the privilege; except that the council may reject any or all bids. Within five days after the selection of the depositary, the banking institution selected shall deposit the securities as required by sections 110.010 and 110.020. The rights and duties of the parties to the depositary contract are as provided in section 110.010.
2. Notwithstanding any provision of section 95.280 or this section to the contrary, the contract term for any city of the third classification with more than ten thousand five hundred but less than ten thousand six hundred inhabitants shall begin on the first day of August following the receipt of the bid proposals.
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(RSMo 1939 § 6940, A.L. 1965 p. 216, A.L. 2004 H.B. 1398)
Prior revisions: 1929 § 6794; 1919 § 8281; 1909 § 9218
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.320 - Bonds to issue, when — rate of interest.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.320. Bonds to issue, when — rate of interest. —
The mayor and council of any city of the third class, for the purpose of paying any sum of money which it may now or hereafter be required to pay by the judgment or decree of any court of record, may issue coupon bonds of the city, payable in such lawful money of the United States as they may provide, which shall run for a period not exceeding twenty years, may carry interest payable annually or semiannually, at a rate not exceeding six percent per annum, shall be signed by the mayor, countersigned by the city treasurer, attested by the city clerk, and shall bear the seal of the city.
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(RSMo 1939 § 6981)
Prior revisions: 1929 § 6835; 1919 § 8317
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.325 - Not to increase indebtedness.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.325. Not to increase indebtedness. —
No such bonds shall be issued in such a manner as to increase the indebtedness of the said city, but such bonds shall be delivered in payment and discharge of sums which it shall be required to pay by the judgment or decree of any court, at least equal to the principal sum of the bonds so delivered; or such bonds shall be sold as directed by the council of the city, or, in the absence of such directions, by the city treasurer, and the proceeds thereof shall be applied only to the payment of the sums aforesaid; but all such bonds so sold shall be delivered at the same time that the sums aforesaid shall be paid and discharged.
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(RSMo 1939 § 6982)
Prior revisions: 1929 § 6836; 1919 § 8318
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.330 - Sinking and interest funds to be provided for.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.330. Sinking and interest funds to be provided for. —
Every city issuing bonds under the provisions of sections 95.320 to 95.340 shall, before or at the time of doing so, provide for the collection of an annual tax, which, together with all sums which shall be applicable to the payment of the principal and interest of the said bonds, shall be sufficient to pay the interest of the said bonds, as it falls due, and also to constitute a sinking fund for the payment of the principal thereof at the maturity thereof. Such sinking fund shall be kept invested and managed in the same manner as the other sinking funds of such city.
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(RSMo 1939 § 6983)
Prior revisions: 1929 § 6837; 1919 § 8319
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.335 - Bonds to be negotiable.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.335. Bonds to be negotiable. —
All bonds purporting to be issued by virtue or in pursuance of sections 95.320, 95.325 and 95.330, and signed and sealed as herein provided, shall, in favor of bona fide holders, be conclusively presumed to have been duly and regularly authorized and issued in accordance with the provisions herein contained, and no holder shall be obliged to see to the existence of the purpose of the issue, or to the regularity of any of the proceedings, or to the validity of the judgments and decrees to be paid, or to the application of the proceeds. All such bonds shall be negotiable in all respects and to the same extent as securities negotiable by the law merchant.
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(RSMo 1939 § 6984)
Prior revisions: 1929 § 6838; 1919 § 8320
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.340 - Bonds not to be registered with state auditor.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
• Effective - 28 Aug 1939
95.340. Bonds not to be registered with state auditor. —
No bonds issued under the provisions of sections 95.320, 95.325, 95.330 and 95.335 shall be required to be presented to the state auditor, or registered by him, nor shall any of the provisions in respect of the issue thereof be required to be examined or certified by him or by any other person or officer, except as shall be provided by the city council.
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(RSMo 1939 § 6985)
Prior revisions: 1929 § 6839; 1919 § 8321
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.345 - May issue bonds for certain purposes.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
Effective - 28 Aug 1949
95.345. May issue bonds for certain purposes. —
The city council of any city of the third class may provide for the purchase of ground, and the erection of city halls, fire stations, assembly halls, memorial halls, convention halls, public library, hospital buildings, equipment and other buildings and the improvement thereof, and for the payment of the same, and also for all necessary work of improvement specified in chapter 88, by the issue of bonds or otherwise, subject to the conditions and limitations provided by sections 95.120 to 95.160.
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(RSMo 1939 § 6980, A. 1949 H.B. 2043)
Prior revisions: 1929 § 6834; 1919 § 8316; 1909 § 9252
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.350 - Bonded debt and interest, power to levy tax for — funding outstanding debts.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
Effective - 28 Aug 1939
95.350. Bonded debt and interest, power to levy tax for — funding outstanding debts. —
The council shall have the power to levy, annually, taxes upon all taxable property within the city, in addition to other taxes, and in sufficient amount for the purpose of paying the interest and coupons as they become due on all bonds now issued and outstanding, and such taxes shall be collected in the same manner and time as other taxes. The mayor and council shall also have the power, by ordinance, to issue bonds, payable in one year, to an amount not exceeding half the current revenue for the fiscal year, and also to issue bonds in renewal of other bonds of the city maturing for the requisite amount, and which the city has no fund to pay; provided, however, that such renewal bonds shall not bear any greater rate of interest than did the original bonds, and shall not run for a longer time than ten years. The mayor and council shall also have power by ordinance to issue bonds for the purpose of funding the floating indebtedness of the city existing at the time of its incorporation as a city of the third class; provided, however, that such bonds shall not draw any greater rate of interest than six percent per annum, payable semiannually, and shall not run for a longer time than ten years.
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(RSMo 1939 § 6934)
Prior revisions: 1929 § 6788; 1919 § 8275; 1909 § 9212
2023 Missouri Revised Statutes › Title VII - Cities, Towns and Villages › Chapter 95 - Financial Administration and Indebtedness › Section 95.355 - City depositary.

Title VII CITIES, TOWNS AND VILLAGES
Chapter 95
Effective - 28 Aug 1965
95.355. City depositary. —
Boards of aldermen in cities of the fourth class, at their first regular meetings in the months of January, April, July and October of each year, may select a depositary for the funds of their respective cities, for the length of time and under the rules and regulations that are provided and prescribed by ordinance therefor. The rights and duties of the parties to the depositary contract are as provided in section 110.010. The deposits shall be secured by deposit of securities as required by sections 110.010 and 110.020. The depositary shall be a banking institution doing business within the city. If such depositary cannot be selected, or such satisfactory arrangements made, the boards of aldermen may invest the moneys upon the terms and under the conditions provided by law for the loaning of county and school moneys.
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(RSMo 1939 § 7160, A.L. 1965 p. 216)
Prior revisions: 1929 § 7010, 1919 § 8461; 1909 § 9363