Minnesota Session Laws - 1985, Regular Session

  

                         Laws of Minnesota 1985 

                         CHAPTER 42-H.F.No. 485 
           An act relating to the city of Lismore; authorizing it 
          to issue bonds for municipal facilities. 
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
    Section 1.  [LISMORE; BOND ISSUE.] 
    Notwithstanding the limitation of Minnesota Statutes, 
section 475.53, the city of Lismore may issue general obligation 
bonds of the city in the amount of $60,000 for the purpose of 
municipal fire, meeting, and related facilities.  The bonds may 
be authorized before or after this act becomes effective by vote 
of the people, and shall be sold and issued at the time or times 
determined by the city council in the manner prescribed by 
Minnesota Statutes, chapter 475. 
     Sec. 2.  [TAX LEVY.] 
     The city may levy the taxes required by law for the payment 
of the bonds and interest on them without limitation as to rate 
or amount, and the levy of the taxes shall not cause the amount 
of other taxes, levied or to be levied by the city, which are 
subject to any limitation, to be reduced in any amount. 
     Sec. 3.  [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 Lismore. 
    Approved April 29, 1985