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Mounds View Charter Commission Date: April 11, 2006 <br />Charter Updates; Category 3 Items; Chapter 7 <br />Revision – Draft 20060411 Page3 of 3 <br /> Subdivision 5. Nothing in this Section shall be construed to impair any general obligation <br />the City may have in support of otherwise lawful indebtedness or similar obligation supported by the <br />full faith and credit of the City, provided, however, that long-term, general obligation indebtedness <br />shall not be used for the purpose of funding the routine and daily business operations of the City. <br /> Subdivision 6, Nothing in this Section shall be construed to limit or impair the voters of Mounds <br />View from petitioning for a referendum, in accordance with methods in Chapter 5, to propose a new, <br />increase or decrease an existing, or request an elimination of any tax levy, fee, or other method used by <br />the City for raising moneys. <br />Section 7.04. Submission of Budget. (no changes) <br />Section 7.05 Five-Year Financial Plan. (no changes) <br />Section 7.06. Council Action on Budget. (no changes) <br /> <br />Section 7.07. Enforcement of the Budget. (no changes) <br />Section 7.08. Alterations in the Budget. (no changes) <br /> <br />Section 7.09. Funds. (no changes) <br />Section 7.10. City Indebtedness. <br /> Subdivision 1. Except as provided in Sections 7.11 and 7.12, no obligation shall be issued to <br />pay current expenses, but the Council may issue and sell obligations for any other municipal purpose in <br />accordance with state law and within the limitations prescribed by law. Except in the case of <br />obligations for which an election is not required by this Chapter or by state law, no such obligations <br />shall be issued and sold without the approval of the majority of the voters voting on the question at a <br />general or special election. <br />Subdivision 2. A description of each such proposed issue shall be published in the official City <br />newspaper, the City Newsletter, and, if available, the City web site, but failure to give such description, <br />or any defect in the description, shall not invalidate the issue. <br />Section 7.11. 1. Anticipation Certificates. (no changes) <br />Section 7.12. Emergency Debt Certificates. (no changes) <br />City of Mounds View <br />87 <br />88 <br />89 <br />90 <br />91 <br />92 <br />93 <br />94 <br />95 <br />96 <br />97 <br />98 <br />99 <br />100 <br />101 <br />102 <br />103 <br />104 <br />105 <br />106 <br />107 <br />108 <br />109 <br />110 <br />111 <br />112 <br />113 <br />114 <br />115 <br />116 <br />117 <br />118 <br />119 <br />120 <br />121 <br />122 <br />123 <br />124 <br />125