2005 Minnesota Statutes - 94.31 — Counties may assume bonds of towns or school districts in reforestation area.

     94.31 Counties may assume bonds of towns or school 
  districts in reforestation area.  


    Any county wherein a state reforestation or flood control 
 project or other public state purposes, as created by sections 
 84A.20 to 84A.30, is located may voluntarily assume the 
 obligation to pay the same ratio or proportion of the principal 
 and interest of bonds now outstanding issued before the approval 
 and acceptance of the project by any school district or town 
 situated in the county lying wholly or partly within the project 
 as the last assessed valuation prior to the acceptance of the 
 project of lands acquired by the state pursuant to sections 
 84A.20 to 84A.30 on July 1, 1936, bears to the total assessed 
 valuation for the same year of the school district or town, this 
 assumption to be evidenced by the adoption of a resolution by 
 the county board of the county authorizing the issuance of bonds 
 for such purpose or otherwise providing for the payment of the 
 principal and interest of the school or town bonds assumed.  


    HIST: (6452-14) Ex1936 c 47 s 1