Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
441.53 FUNDS KEPT IN SEPARATE ACCOUNT.
Every city owning and operating a toll bridge under sections 441.47 to 441.55 must keep
all income and revenues derived from the operation thereof separate and distinct from all other
revenues of the city, and keep books of account therefor distinct from all other city accounts and
in such manner as to show the true and complete financial results of such public ownership and
operation. These accounts shall be kept so as to show in detail the actual cost to the city of such
bridges, the daily tolls collected therefrom, all costs of maintenance, repair, and improvement, all
operating expenses of every description, and the amounts set aside for sinking fund purposes, and
semiannual reports showing the financial results of such public ownership and operation shall be
published by the governing body of any such city.
History: 1941 c 286 s 7; 1973 c 123 art 5 s 7
Every city owning and operating a toll bridge under sections 441.47 to 441.55 must keep
all income and revenues derived from the operation thereof separate and distinct from all other
revenues of the city, and keep books of account therefor distinct from all other city accounts and
in such manner as to show the true and complete financial results of such public ownership and
operation. These accounts shall be kept so as to show in detail the actual cost to the city of such
bridges, the daily tolls collected therefrom, all costs of maintenance, repair, and improvement, all
operating expenses of every description, and the amounts set aside for sinking fund purposes, and
semiannual reports showing the financial results of such public ownership and operation shall be
published by the governing body of any such city.
History: 1941 c 286 s 7; 1973 c 123 art 5 s 7
Official Publication of the State of Minnesota
Revisor of Statutes