Minnesota Legislature
Office of the Revisor of Statutes
2006 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
94.32 ISSUANCE OF COUNTY BONDS; ADJUSTMENT OF DEBT.
The county board of any such county may by resolution provide for the issuance of bonds for
the purpose of assuming the principal and interest of the school district or town bonds, whether
matured or not matured, in the manner provided by Laws 1935, chapter 119, and the county board
is authorized to effect agreements for the adjustment of the debt so assumed and the exchange of
such county bonds for the bonds so assumed. Prior to July 1, 1936, such bonds may be issued
in an amount not in excess of 50 percent of the estimated amount of the principal and interest
of the school district or town bonds which are to be assumed by the county, the balance of such
bonds to be issued after July 1, 1936.
History: (6452-15) Ex1936 c 47 s 2
The county board of any such county may by resolution provide for the issuance of bonds for
the purpose of assuming the principal and interest of the school district or town bonds, whether
matured or not matured, in the manner provided by Laws 1935, chapter 119, and the county board
is authorized to effect agreements for the adjustment of the debt so assumed and the exchange of
such county bonds for the bonds so assumed. Prior to July 1, 1936, such bonds may be issued
in an amount not in excess of 50 percent of the estimated amount of the principal and interest
of the school district or town bonds which are to be assumed by the county, the balance of such
bonds to be issued after July 1, 1936.
History: (6452-15) Ex1936 c 47 s 2
Official Publication of the State of Minnesota
Revisor of Statutes