Minnesota Session Laws - 1983, Regular Session

  

                         Laws of Minnesota 1983 

                         CHAPTER 48--H.F.No. 25
           An act relating to the city of Lake Park; authorizing 
          the issuance of general obligation bonds to finance 
          construction of municipal facilities. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [LAKE PARK; BONDS.] 
    The city of Lake Park in Becker county, may issue general 
obligation bonds in a principal amount not to exceed $200,000 to 
finance the construction of a municipal building within the 
city, to be used for city offices, a fire hall, and a senior 
citizens center, pursuant to authorization granted by the 
electors of the city at an election held on November 2, 1982. 
The bonds may be issued notwithstanding the debt limitation 
contained in Minnesota Statutes, section 475.53, subdivision 1. 
The levy of taxes required by Minnesota Statutes, section 475.61 
to pay the principal of and interest on the bonds shall not be 
subject to any levy limitation, or be included in computing or 
applying any levy limitation applicable to the city. 
     Sec. 2.  [EFFECTIVE DATE.] 
     This act is effective the day after compliance with 
Minnesota Statutes, section 645.021, subdivision 3, by the 
governing body of the city of Lake Park. 
    Approved April 21, 1983