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09-19-2006
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09-19-2006
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Mounds View Charter Commission Date: July 11,2006 <br /> Resolution 2006-08 Chapter 7, Section 7.10 Page2 of 2 <br /> • <br /> CHAPTER 7 <br /> TAXATION AND FINANCES <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 iii the case of <br /> - _All such obligations <br /> shall be issued and sold only_witheut the approval of the majority of the voters voting on the question at <br /> a general or special election,unless exempted by State law for charter cities, or by this Charter. <br /> Subdivision 2. A description of each such proposed issue shall be published in the official City <br /> newspaper, and. if available the City Newsletter,and, if civ liable,the City web site, but failure to give <br /> such description, or any defect in the description, shall not invalidate the issue. <br /> • <br /> • <br /> City of Mounds View <br />
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