2005 Minnesota Statutes - 88.44 — Acquisition of property.

     88.44 Acquisition of property.  


    Subdivision 1.    Certificate of indebtedness; bond 
 issues; tax levies.  For any of the purposes authorized in 
 sections 88.28 to 88.46 and within the limits therein fixed, any 
 county, town, or city may borrow money and issue bonds for the 
 payment thereof, with the approval of a majority of the voters, 
 as provided by the general laws relating to bond issues; may 
 make all necessary, proper, and convenient provisions for sale 
 of such bonds at not less than par, for payment of interest 
 thereon at not more than six percent per annum, and of the 
 principal thereof at maturity, or contingently at an earlier 
 date; may issue promissory notes or certificates of indebtedness 
 as far as reasonably necessary to procure funds in case of 
 emergency not affording time to submit the matter to the voters; 
 and for such purposes may levy and collect taxes annually upon 
 all taxable property of such municipalities.  As to counties, 
 the powers conferred by this section shall be deemed 
 supplementary to, but in no way lessening or detracting from, 
 the powers and authority conferred by section 88.40.  


    Subd. 2.    How acquired.  When necessary in the 
 exercise of the powers and authority conferred by sections 88.28 
 to 88.46, any county, town, or city may acquire property or 
 property rights by gift, by purchase, or by condemnation, in any 
 manner now or hereafter provided by law.  


    HIST: (4031-53, 4031-54) 1925 c 263 s 18,19; 1973 c 123 art 5 
 s 7