2006 Minnesota Code
Chapters 473 - 473I Metropolitan Area
Chapter 473 Metropolitan Government
Section 473.668 MUNICIPALITIES TO GUARANTEE BONDS OF COMMISSION.
473.668 MUNICIPALITIES TO GUARANTEE BONDS OF COMMISSION.
Bonds issued pursuant to the provisions of sections
473.601 to
473.679, by either city shall
be secured by the full faith, credit, and resources of the city issuing them, shall be paid from tax
levies made in conformity with sections
475.61 and
475.74, and shall be sold in the manner
prescribed by section
475.60. No provision of any existing law or special or home rule charter
under which either city may be acting shall be deemed or construed to impair, curtail, or limit in
amount, form, or manner the power to issue any bonds pursuant to sections
473.601 to
473.679,
and the bonds issued by either city or by the corporation pursuant to sections
473.601 to
473.679,
shall not be included in computing the net indebtedness of such municipality under any applicable
law or charter.
History: 1975 c 13 s 121
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