[R.O. 1992 § 165.180; CC 1984 § 80.300]
The separate funds of the City shall be the General Fund and
such other funds as the Board of Aldermen shall from time to time
create and establish.
[R.O. 1992 § 165.190; CC 1984 § 80.310]
The City Clerk shall keep each fund mentioned above and such
other special funds as may be created in separate accounts, and shall
keep in a separate account the unexpended proceeds of each issue of
municipal bonds outstanding and a separate account for the Sinking
and Interest Fund for every such issue of bonds so that there shall
be no commingling of any such separate fund with any other fund.
[R.O. 1992 § 165.200; CC 1984 § 80.320]
The proceeds derived from the sale of bonds issued shall in
no case be used for any purpose other than that for which the particular
bonds were authorized and issued, nor shall any Interest or Sinking
Fund be used for any purpose other than to meet the interest and principal
of such bonds. Provided, that unexpended bond disbursing funds not
required for the purpose for which the bonds were issued may by resolution
of the Board of Aldermen be transferred to the Sinking Fund for such
bonds.
[R.O. 1992 § 165.210; CC 1984 § 80.330]
The Board of Aldermen may by resolution order the Treasurer
out of any Sinking Fund to purchase one (1) or more obligation bonds,
notes, or certificates of the State of Missouri or the United States,
or of any County, City or school district in the State of Missouri
specifying the kind of obligation, terms and conditions or purchase.
Provided, there be in said fund a sufficient amount of money which
at such time cannot be properly applied to the payment of existing
bonds for which said fund has been levied and collected, and provided
further, that no such bond or security shall be ordered to be purchased,
the maturity date of which shall extend beyond the maturity date of
the bonds for which such Sinking Fund was provided. The Board of Aldermen
may likewise order the sale of any bonds or securities so purchased
and held and the proceeds therefrom returned to the Sinking Fund,
or all or part of such proceeds may be ordered to be reinvested in
the manner herein provided.
[R.O. 1992 § 165.220; CC 1984 § 80.340]
The Board of Aldermen may, by resolution, directing the Treasurer
which fund of the City to pay into any bonds or money remaining in
the Interest or Sinking Fund of said City after the extinction of
the indebtedness represented by the bonds to the payment of which
such Sinking Fund was created.
