Section 5.45 Duration of Authority to Issue
| Library | Local Government Deskbook (2017 Ed.) |
b. (§5.45) Duration of Authority to Issue
Once bonds have been authorized by the voters, the question frequently arises as to how long the authorization lasts and whether the passage of time renders the authority void. The general rule is that if conditions have not changed and the need for the improvements still exists, the authority to issue bonds continues. See:
· Petition of City of St. Louis, 363 S.W.2d 612 (Mo. banc 1963) (bonds were issued 18 years after they were voted)
...· Bowling v. Longwell,
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