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.
473.668 MUNICIPALITIES TO GUARANTEE BONDS OF COMMISSION.
Bonds issued pursuant to the provisions of sections 473.601 to 473.679, by either city shall
be secured by the full faith, credit, and resources of the city issuing them, shall be paid from tax
levies made in conformity with sections 475.61 and 475.74, and shall be sold in the manner
prescribed by section 475.60. No provision of any existing law or special or home rule charter
under which either city may be acting shall be deemed or construed to impair, curtail, or limit in
amount, form, or manner the power to issue any bonds pursuant to sections 473.601 to 473.679,
and the bonds issued by either city or by the corporation pursuant to sections 473.601 to 473.679,
shall not be included in computing the net indebtedness of such municipality under any applicable
law or charter.
History: 1975 c 13 s 121
Bonds issued pursuant to the provisions of sections 473.601 to 473.679, by either city shall
be secured by the full faith, credit, and resources of the city issuing them, shall be paid from tax
levies made in conformity with sections 475.61 and 475.74, and shall be sold in the manner
prescribed by section 475.60. No provision of any existing law or special or home rule charter
under which either city may be acting shall be deemed or construed to impair, curtail, or limit in
amount, form, or manner the power to issue any bonds pursuant to sections 473.601 to 473.679,
and the bonds issued by either city or by the corporation pursuant to sections 473.601 to 473.679,
shall not be included in computing the net indebtedness of such municipality under any applicable
law or charter.
History: 1975 c 13 s 121
Official Publication of the State of Minnesota
Revisor of Statutes