469.156 AUTHORIZATION OF PROJECTS AND BONDS.
The acquisition, construction, reconstruction, improvement, betterment, or extension of any
project, the execution of any revenue agreement or mortgage pertaining thereto, and the issuance
of bonds in anticipation of the collection of the revenues of the project to provide funds to pay
for its cost, may be authorized by an ordinance or resolution of the governing body adopted
at a regular or duly called special meeting thereof by the affirmative vote of a majority of its
members. No election shall be required to authorize the use of any of the powers conferred by
. No lease of any project shall be subject to the provisions of section
, unless expressly so provided in the lease.
History: 1987 c 291 s 157; 1999 c 199 art 2 s 17