1. The questions on bond issues in all districts shall be submitted in substantially the following form:

Shall the ______ board of education borrow money in the amount of ______ dollars for the purpose of ______ and issue bonds for the payment thereof resulting in an estimated increase to the debt service property tax levy of ______ (amount of estimated increase) per one hundred dollars of assessed valuation? If this proposition is approved, the adjusted debt service levy of the school district is estimated to increase from ______ (amount of current school district levy) to ______ (estimated adjusted debt service levy) per one hundred dollars assessed valuation of real and personal property.

2. If the constitutionally required number of the votes cast are for the loan, the board may, subject to the restrictions of section 164.161, borrow money in the name of the district, to the amount and for the purpose specified in the notices aforesaid, and issue bonds of the district for the payment thereof.

Terms Used In Missouri Laws 164.151

  • following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
  • Property: includes real and personal property. See Missouri Laws 1.020