My WebLink
|
Help
|
About
|
Sign Out
Home
Search
1969 0728 Council Resolution
LinoLakes
>
City Council
>
City Council Resolutions
>
1969
>
1969 0728 Council Resolution
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
2/19/2021 2:04:53 PM
Creation date
12/7/2020 7:49:18 AM
Metadata
Fields
Template:
City Council
Council Document Type
Resolutions
Meeting Date
07/28/1969
Council Meeting Type
Regular
Resolution #
69-
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
Page 1 of 1
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Vete019e Zifte .aeed <br />Lino Lakes, Minnesota 55014 <br />From the office of: <br />RESOLUTION <br />ADOPTED BY THE VILLAGE OF LINO LAKES, ANOKA COUNTY, MINNESOTA, <br />URGING THE DEFEAT OF PROPOSED LEGISLATION THAT WOULD ELIMINATE <br />TAX -EXEMPTION STATUS or INCOME FROM MUNICIPAL BONDS. <br />WHEREAS, some members of the Congress are now considering <br />a bill that would eliminate the tax-free status of income emana- <br />ting from municipal bonds; and <br />WHEREAS, the municipalities must depend upon the sale- <br />ability of their bonds to provide needed services; and <br />WHEREAS, the elimination in part or in whole of the tax- <br />free income would discourage the purchase of municipal bonds <br />and, in fact, make then totally unacceptable to today's buyer; <br />WHEREAS, the creation of another governmental agency to <br />handle the interest supplement on bonds would result only in <br />increased cost to the taxpayer; and <br />WHEREAS, the enactment of such a law would only result in <br />an excessive financial burden on the taxpayer; and <br />WHEREAS, the enactment of such a law would threaten the <br />existence of every municipality in the State of Minnesota; <br />and <br />THEREFORE, BE IT RESOLVED that we, the members of the Lino <br />Lakes Village Council implore you as our elected representatives <br />to take all necessary steps to defeat any proposed legislation <br />that would eliminate the tax-exempt status of municipal bonds. <br />Duly adopted by the Village of Lino Lakes this 28th day of <br />July, 1969. <br />s-:2) Mayor <br />erk -Treasure <br />
The URL can be used to link to this page
Your browser does not support the video tag.