2005 Minnesota Statutes - 360.72 — Refund certificate.

     360.72 Refund certificate.  


    After such revenue certificates are issued, the governing 
 body shall have power to issue refunding revenue certificates 
 when the funds on hand in such airport building revenue 
 certificate fund are not sufficient to meet any maturing revenue 
 certificates or interest or to refund such revenue certificates 
 at their optional or callable dates where such certificates when 
 issued are made optional or callable at some time prior to their 
 maturity date.  The issuance of such refunding revenue 
 certificates shall be authorized by a resolution of the 
 governing body or governing bodies and shall constitute the same 
 charge or lien on the airport building revenue fund as did the 
 certificates refunded.  


    HIST: 1949 c 590 s 5