Minnesota Session Laws - 1985, Regular Session

  

                         Laws of Minnesota 1985 

                        CHAPTER 103-S.F.No. 1208
           An act relating to the city of Gaylord; authorizing 
          the issuance of general obligation bonds to finance 
          the acquisition and betterment of municipal buildings. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [BONDS AUTHORIZED; TAX LEVY.] 
    The city council of the city of Gaylord in Sibley county 
may by resolution authorize, sell, and issue general obligation 
bonds of the city in an amount not exceeding $650,000 to finance 
the acquisition, betterment, and remodeling of municipal 
buildings including an emergency service center, the municipal 
library, and facilities for public fire and ambulance services.  
The bonds shall be authorized, sold, and issued in accordance 
with Minnesota Statutes, chapter 475, except that no election 
shall be required to authorize their issuance except as provided 
in subdivision 2, and the bonds shall not constitute net debt 
within the meaning of Minnesota Statutes, section 475.53. 
    Sec. 2.  [REFERENDUM ON PETITION.] 
    Before the issuance of the bonds, the city council shall 
publish in the official newspaper of the city an initial 
resolution authorizing the issuance of the bonds, and if within 
ten days after the publication there is filed with the city 
clerk a petition requesting an election on the proposition of 
issuing the bonds signed by a number of qualified voters greater 
than ten percent of the number who voted in the city at the last 
general election, the bonds shall not be issued until the 
proposition has been approved by a majority of the votes cast on 
it at a regular or special election. 
    Sec. 3.  [TAX LEVY.] 
    Before the issuance of the bonds, the council shall levy ad 
valorem taxes for their payment in accordance with Minnesota 
Statutes, section 475.61.  The taxes shall not be subject to any 
limitation as to rate or amount, and shall not be taken into 
account in determining the amount of any other taxes the city is 
authorized to levy. 
    Sec. 4.  [EFFECTIVE DATE.] 
    This act is effective the day after final enactment. 
    Approved May 10, 1985