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MERCANTILE BANK v. SCHOOL DIST.

No. 74542.

834 S.W.2d 737 (1992)

MERCANTILE BANK OF ILLINOIS, N.A., a national bank, Plaintiff-Appellant, v. SCHOOL DISTRICT OF OSCEOLA, Defendant-Respondent.

Supreme Court of Missouri, En Banc.

June 2, 1992.

Attorney(s) appearing for the Case

Ross H. Briggs, Terry A. Parkinson, Dubail Judge, St. Louis, for plaintiff-appellant.

J.D. Baker, Osceola, for defendant-respondent.

ROBERTSON, Chief Justice.

The issue in this case is whether a lease entered by a school district of this state violates article VI, section 26(a) of the Missouri Constitution and is therefore void and unenforceable, where the lease requires the payments by the school district for a period exceeding one year. The trial court sustained the school district's motion for summary judgment. On appeal, the Court of Appeals, Southern District, affirmed. We granted transfer...

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