1997 Minnesota Statutes

     124.74 Enabling resolution; form of certificates of 
  indebtedness. 

    The board may authorize and effect such borrowing, and may 
 issue such certificates of indebtedness upon passage of a 
 resolution specifying the amount and purposes for which it deems 
 such borrowing is necessary, which resolution shall be adopted 
 by a vote of at least two-thirds of its members. The board shall 
 fix the amount, date, maturity, form, denomination, and other 
 details thereof, not inconsistent herewith, and shall fix the 
 date and place for receipt of bids for the purchase thereof when 
 bids are required and direct the clerk to give notice thereof. 

    HIST: 1963 c 371 s 4; 1978 c 764 s 73