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Section 72.195 Bonded indebtedness of municipalities to become debt of consolidated municipality — when.

MO Rev Stat § 72.195 (2019) (N/A)
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Effective 28 Aug 1978

72.195. Bonded indebtedness of municipalities to become debt of consolidated municipality — when. — Unless otherwise provided in the proposition as voted upon, the bonded indebtedness of each municipality at the time of the consolidation which was incurred for the purpose of purchasing, constructing or repairing local improvements or facilities for the residents of the municipality shall continue to be the debt of the taxpayers in the area of the former municipality and a special tax sufficient to retire the indebtedness shall be levied against the property within the area of the former municipality, but the bonded indebtedness of any municipality which was incurred for the purpose of purchasing, constructing or repairing improvements or facilities which are to be used generally by the consolidated municipality shall become the indebtedness of the consolidated municipality. The question as originally submitted shall list each separate bonded indebtedness of the municipalities and shall clearly indicate whether the tax necessary to retire it is to be levied generally or locally.

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(L. 1965 p. 193, A.L. 1978 H.B. 971)

(1979) Consolidation ballots shall comply with statutory requirements concerning the form of the ballot and it is not necessary to list the bonded indebtedness of each municipality and how such indebtedness will be retired on the ballot. State of Mo. ex rel. Holly v. Kielhofner (A.), 587 S.W.2d 647.

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