246.080 Limitation on tax anticipation warrants.

246.080. Limitation on tax anticipation warrants. — Tax anticipation warrants may be issued and sold or exchanged for or in payment of machinery, draglines, equipment or work used in maintenance and chargeable to maintenance; provided, that in no event shall the tax anticipation warrants so issued, together with interest thereon, exceed two and one-half percent of the assessed benefits for any year falling due. (RSMo 1939 § 12614) Prior revision: 1929 § 11025