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410.30 CLASSIFICATION; CHARTERS <br />466 <br />don a charter. Such proposal shall include a schedule containing all necessary provi_ <br />sions for transition to a statutory city form of government, including such provisions <br />with reference to terms of incumbent officers as are deemed appropriate to place the <br />municipality on the regular statutory city election schedule as soon as practicable. The <br />proposal may provide in effect for continuance of specified provisions of the home rule <br />charter for an interim period and shall specify the standard plan or the optional plan <br />under which the municipality is to operate as a statutory city. <br />History: 1965 c 561 s 1; 1973 c 123 art 5 s 7; 1973 c 503 s 5 <br />410.31 [Repealed, 1973 c 503 s 6] <br />410.32 CITIES AUTHORIZED TO ISSUE CAPITAL NOTES FOR CERTAIN <br />EQUIPMENT ACQUISITIONS. <br />Notwithstanding any contrary provision of other law or charter, a home rule char- <br />ter city may, by resolution and without public referendum, issue capital notes subject <br />to the city debt limit to purchase public safety equipment, ambulance and other medi- <br />cal equipment, road construction and maintenance equipment, and other capital equip- <br />ment having an expected useful life at least as long as the term of the notes. The notes <br />shall be payable in not more than five years and be issued on terms and in the manner <br />the city determines. The total principal amount of the capital notes issued in a fiscal <br />year shall not exceed 0.03 percent of the market value of taxable property in the city <br />for that year. A tax levy shall be made for the payment of the principal and interest on <br />the notes, in accordance with section 475.61, as in the case of bonds. Notes issued under <br />this section shall require an affirmative vote of two-thirds of the governing body of the <br />city. Notwithstanding a contrary provision of other law or charter, a home rule charter <br />city may also issue capital notes subject to its debt limit in the manner and subject to <br />the limitations applicable to statutory cities pursuant to section 412.301. <br />History: 1983 c 361 s 1; 1988 c 702 s 2; 1988 c 719 art 5 s 84; 1989 c 1 s 4; 1990 <br />c 612 s 15 <br />410.33 SAVINGS CLAUSE. <br />If a city charter is silent on a matter that is addressed for statutory cities by chapter <br />412 or other general law and general law does not prohibit a city charter from address- <br />ing the matter or expressly provide that a city charter prevails over general law on the <br />matter, then the city may apply the general law on the matter. <br />History: 1994 c 446 s 1 <br />