Minnesota Statutes
§ 126C.53 — ENABLING RESOLUTION; FORM OF CERTIFICATES OF INDEBTEDNESS
Minnesota § 126C.53
This text of Minnesota § 126C.53 (ENABLING RESOLUTION; FORM OF CERTIFICATES OF INDEBTEDNESS) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 126C.53 (2026).
Text
The board of a school district or intermediate school district may authorize and effect such borrowing, and may issue such certificates of indebtedness upon passage of a resolution specifying the amount and purposes for which it deems such borrowing is necessary. The resolution must be adopted by a vote of at least two-thirds of its members. The board must fix the amount, date, maturity, form, denomination, and other details of the certificates of indebtedness, not inconsistent with this chapter. The board must fix the date and place for receipt of bids for the purchase of the certificates when bids are required and direct the clerk to give notice of the date and place for bidding.
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Legislative History
1963 c 371 s 4;1978 c 764 s 73;1998 c 397 art 7 s 85,164;2008 c 363 art 2 s 29
Nearby Sections
15
§ 126C.01
DEFINITIONS§ 126C.05
DEFINITION OF PUPIL UNITS§ 126C.10
GENERAL EDUCATION REVENUE§ 126C.13
GENERAL EDUCATION AID§ 126C.17
REFERENDUM REVENUE§ 126C.19
SHARED TIME AID§ 126C.40
OPERATIONAL AND CAPITAL LEVIES§ 126C.41
BENEFITS LEVIES§ 126C.43
LEVIES; STATUTORY OBLIGATIONS§ 126C.44
SAFE SCHOOLS REVENUECite This Page — Counsel Stack
Bluebook (online)
Minnesota § 126C.53, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/126C/126C.53.