Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
136A.172 NEGOTIABLE NOTES; ISSUANCE; CONDITIONS.
The office may from time to time issue negotiable notes for the purpose of sections 136A.15
to 136A.178 and may from time to time renew any notes by the issuance of new notes, whether
the notes to be renewed have or have not matured. The office may issue notes partly to renew
notes or to discharge other obligations then outstanding and partly for any other purpose. The
notes may be authorized, sold, executed, and delivered in the same manner as bonds. Any
resolution or resolutions authorizing notes of the office or any issue thereof may contain any
provisions which the office is authorized to include in any resolution or resolutions authorizing
revenue bonds of the office or any issue thereof, and the office may include in any notes any
terms, covenants, or conditions which it is authorized to include in any bonds. All such notes
shall be payable solely from the revenue of the office, subject only to any contractual rights of the
holders of any of its notes or other obligations then outstanding.
History: 1973 c 605 s 13; 1975 c 271 s 6; 1978 c 706 s 53; 1989 c 293 s 47; 1995 c 212 art
3 s 59; 1997 c 7 art 1 s 73
The office may from time to time issue negotiable notes for the purpose of sections 136A.15
to 136A.178 and may from time to time renew any notes by the issuance of new notes, whether
the notes to be renewed have or have not matured. The office may issue notes partly to renew
notes or to discharge other obligations then outstanding and partly for any other purpose. The
notes may be authorized, sold, executed, and delivered in the same manner as bonds. Any
resolution or resolutions authorizing notes of the office or any issue thereof may contain any
provisions which the office is authorized to include in any resolution or resolutions authorizing
revenue bonds of the office or any issue thereof, and the office may include in any notes any
terms, covenants, or conditions which it is authorized to include in any bonds. All such notes
shall be payable solely from the revenue of the office, subject only to any contractual rights of the
holders of any of its notes or other obligations then outstanding.
History: 1973 c 605 s 13; 1975 c 271 s 6; 1978 c 706 s 53; 1989 c 293 s 47; 1995 c 212 art
3 s 59; 1997 c 7 art 1 s 73
Official Publication of the State of Minnesota
Revisor of Statutes