1998 Minnesota Statutes

     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 sections 469.152 to 469.165.  No lease of 
 any project shall be subject to the provisions of section 
 504.02, unless expressly so provided in the lease.  

    HIST: 1987 c 291 s 157