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<br /> <br /> <br />ORDINANCE NO. 782 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />AN ORDINANCE AMENDING THE MOUNDS VIEW CITY CHARTER <br />BY AMENDING SECTION 7.10 OF THE CITY CHARTER <br /> <br />THE CITY OF MOUNDS VIEW DOES HEREBY ORDAIN: <br /> <br />SECTION 1. The City Council of the City of Mounds View, pursuant to the <br />recommendation of the City of Mounds View Charter Commission, has hereby <br />determined that Section 7.10, of the City Charter be amended by the addition of the <br />bold and double-underlined language and by the deletion of the bold and stricken <br />language as follows: <br /> <br /> Section 7.10. City Indebtedness <br /> <br /> Subdivision 1. Except as provided in Sections 7.11 and 7.12, no obligation shall <br />be issued to pay current expenses, but the Council may issue and sell obligations for <br />any other municipal purpose in accordance with state law and within the limitations <br />prescribed by law. Except in the case of obligations for which an election is not <br />required by this Chapter or by state law, noAll such obligations shall be issued and <br />sold only without the approval of the majority of the voters voting on the question at a <br />general or special election, except in the case of obligations for which an election is <br />exempted by this Charter or by state law. <br /> <br /> Subdivision 2. A description of each such proposed issue shall be published in <br />the official City newspaper, and, if available the City Newsletter, and, if available, the <br />City web site, but failure to give such description, or any defect in the description, shall <br />not invalidate the issue. <br /> <br />SECTION 2. This ordinance shall take effect ninety days after the date of its publication. <br /> <br />Read by the City Council of the City of Mounds View on this 11th day of December, <br />2006. <br /> <br />Read and passed by the City Council of the City of Mounds View on this 8th day of <br />January, 2007. <br /> <br /> <br />__________________________________ <br /> Rob Marty, Mayor <br /> <br />ATTEST: <br /> __________________________________ <br /> Kurt Ulrich, City Clerk-Administrator <br /> <br />(SEAL)