95.475. Proceeds from sale of bonds used to pay judgment (cities over 100,000).
Proceeds from sale of bonds used to pay judgment (cities over100,000).
95.475. No such bonds shall be issued in such a manner as toincrease the indebtedness of the said city, but such bonds shallbe delivered in payment and discharge of sums which it shall berequired to pay by the judgment or decree of any court, at leastequal to the principal sum of the bonds so delivered, or suchbonds shall be sold as directed by the two houses of legislationof the city, or, in the absence of such directions, by the citytreasurer, and the proceeds thereof shall be applied only to thepayment of the sums aforesaid; but all such bonds so sold shallbe delivered at the same time that the sums aforesaid shall bepaid and discharged.
(RSMo 1939 § 7578)Prior revisions: 1929 § 7435; 1919 § 8843; 1909 § 9692