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Sec. 9.05 Bonding <br /> Ramsey County by ordinance and without an election may issue <br /> general or special bonds, notes, obligations, or evidence of <br /> indebtedness for any authorized corporate purpose. Such <br /> indebtedness may otherwise be issued on such terms, and at such <br /> rate or rates as the county board shall determine consistent <br /> with Minnesota Statutes relating to public indebtedness. <br /> The proceeds of indebtedness shall be applied to the purpose for <br /> which the indebtedness is issued and may be applied to the <br /> payment of any necessary, desirable or incidental expenses <br /> related thereto. <br /> Notwithstanding any provision of this charter, the county may <br /> issue indebtedness for emergency borrowing as provided in <br /> Chapter 10. The certificates of indebtedness for emergency <br /> borrowing shall not be included in the net debt of the county. <br /> The aggregate principal amount of indebtedness of the county <br /> outstanding at any time shall not exceed the statutory <br /> limitations on indebtedness under Minnesota Statutes, Chapter <br /> 475, for which purpose there shall not be counted any <br /> indebtedness excepted from the calculation of net debt by <br /> general or special law. <br /> 20 <br />