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Chapter 126C
Section 126C.53
Topics
Recent History
- 2008 126C.53 Amended 2008 c 363 art 2 s 29
This is an historical version of this statute chapter. Also view the most recent published version.
126C.53 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. The resolution must be adopted by a vote of at least two-thirds of its
members. The board must fix the amount, date, maturity, form, denomination, and other details of
the certificates of indebtedness, not inconsistent with this chapter. The board must fix the date and
place for receipt of bids for the purchase of the certificates when bids are required and direct the
clerk to give notice of the date and place for bidding.
History: 1963 c 371 s 4; 1978 c 764 s 73; 1998 c 397 art 7 s 85,164
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. The resolution must be adopted by a vote of at least two-thirds of its
members. The board must fix the amount, date, maturity, form, denomination, and other details of
the certificates of indebtedness, not inconsistent with this chapter. The board must fix the date and
place for receipt of bids for the purchase of the certificates when bids are required and direct the
clerk to give notice of the date and place for bidding.
History: 1963 c 371 s 4; 1978 c 764 s 73; 1998 c 397 art 7 s 85,164
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Revisor of Statutes