Effective – 28 Aug 1967 100.300. Short title. — Sections of this law shall be known and may be cited as “The Planned Industrial Expansion Law”. ——– (L. 1967 p. 172 § 1) (1975) Held constitutional as not being special legislation because of limit as to cities over 400,000. State ex rel. Atkinson v. Planned […]
Effective – 28 Aug 2021, 2 histories 100.310. Definitions. — As used in this law, the following words and terms mean: (1) “Authority”, a public body corporate and politic created by or pursuant to sections of this law or any other public body exercising the powers, rights and duties of such an authority; (2) “Blighted […]
Effective – 28 Aug 1967 100.320. Planned industrial expansion authority created, powers exercised, when. — There is hereby created in each city, as herein defined, a public body corporate and politic to be known as “The Planned Industrial Expansion Authority” of the city; provided, however: (1) That such authority shall not transact any business or […]
Effective – 28 Aug 1980 100.330. Commissioners, number reduced, appointment, term, vacancies. — Subsequent to August 13, 1980, the number of commissioners shall be fifteen. Provided, however, by the process of attrition the number of commissioners shall be reduced from twenty-five to fifteen by the expiration of the terms of currently serving commissioners and nonreplacement […]
Effective – 28 Aug 2001 100.331. Commissioners, number reduced, appointment, terms, qualifications, vacancies — consolidation plan authorized (St. Louis City). — 1. Notwithstanding the provisions of section 100.330 or any other provision of law to the contrary, beginning August 28, 2000, the number of commissioners in any city not within a county shall be five; […]
Effective – 28 Aug 1967 100.340. Commission, quorum, officers, legal services, how obtained. — 1. The powers hereunder vested in each authority shall be exercised by the board of commissioners thereof. A majority of the commissioners shall constitute a quorum of such board for the purpose of conducting business and exercising the powers of the […]
Effective – 28 Aug 1967 100.350. Commissioner, expenses — certificate of appointment. — A commissioner of an authority shall receive no compensation for his services, but shall be entitled to the necessary expenses, including traveling expenses, incurred in the discharge of his duties. Each commissioner shall hold office until his successor has been appointed and […]
Effective – 28 Aug 1967 100.360. Commissioner, removal for cause, hearing. — For inefficiency or neglect of duty or misconduct in office, a commissioner of an authority may be removed by the mayor, but a commissioner shall be removed only after a hearing and after he shall have been given a copy of the charges […]
Effective – 28 Aug 1967 100.370. Commissioners or employees of authority, voluntary interest in project prohibited — disclosure of involuntary interest required and participation in action of authority forbidden — violation is misconduct, office forfeited. — 1. No commissioner or employee of an authority shall voluntarily acquire any interest, direct or indirect, in any project […]
Effective – 28 Aug 1967 100.380. Adoption of resolution or ordinance, effect of — certified copy admissible as evidence. — 1. In any suit, action or proceeding involving the validity or enforcement of or relating to any contract of an authority or other public body, such authority or other public body shall be conclusively deemed […]
Effective – 30 May 1986 100.390. Authority to be a body corporate and politic, powers and duties of authority. — An authority shall constitute a public body corporate and politic, exercising public and essential governmental functions and having all the powers necessary or convenient to carry out and effectuate the purposes and provisions of this […]
Effective – 28 Aug 1982 100.400. Preparation and approval of plans, regulations governing. — 1. Preparation and approval of plans shall be carried out within the following regulations: (1) An authority shall not acquire real property for a project unless the governing body of the city has approved the plan, as prescribed in subdivision (9) […]
Effective – 28 Aug 1980 100.410. Property in a project, how disposed of. — Property in a project may be disposed of as follows: (1) An authority may sell, lease, exchange or otherwise transfer real property, including land and improvements as provided for in the project, or any interest therein in a project area to […]
Effective – 28 Aug 2006 100.420. Authority may exercise power of eminent domain. — 1. An authority whose board members are appointed by one or more elected officials shall have the right to acquire by the exercise of the power of eminent domain any real property which it may deem necessary for a project or […]
Effective – 28 Aug 1967 100.430. Bonds, issuance by authority. — 1. An authority shall have power to issue bonds from time to time in its discretion for any of its corporate purposes including the payment of principal and interest upon any advances for surveys and plans for projects. 2. An authority shall also have […]
Effective – 28 Aug 1982 100.440. Bonds, how issued, authorized and sold. — 1. Bonds of an authority shall be authorized by its resolution and may be issued in one or more series and shall bear such date or dates, be payable upon demand or mature at such time or times, bear interest at such […]
Effective – 28 Aug 1980 100.445. Allowable rates of interest. — If the interest rates allowed under the provisions of this act* are greater than the interest rates allowed under the provisions of senate bill no. 554** of the second regular session of the eightieth general assembly, then the interest rates allowed under this act* […]
Effective – 28 Aug 1967 100.450. Bonds, no personal liability on, not a debt of issuing subdivision or state — interest on bonds exempt from income tax. — 1. Neither the commissioners of any authority nor any person executing the bonds shall be liable personally on the bonds by reason of the issuance thereof. Bonds […]
Effective – 28 Aug 1967 100.460. Signatures on bonds, validity of — bonds negotiable — conclusive presumption that bond was issued for stated purpose. — 1. In case any of the commissioners or officers of the authority whose signatures appear on any bonds or coupons shall cease to be such commissioners or officers before the […]
Effective – 28 Aug 1967 100.470. Payment of bonds secured, how. — In connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of such bonds or obligations, an authority, in addition to its other powers, shall have power: (1) To pledge all or any […]
