Minnesota § 458.37 TAX LEVY TO PAY BONDS

Minnesota Statutes

§ 458.37 — TAX LEVY TO PAY BONDS

Minnesota § 458.37

PartLOCAL PUBLIC UTILITIES, ENTERPRISES

Ch. 458WATER TRANSPORTATION FACILITIES

This text of Minnesota § 458.37 (TAX LEVY TO PAY BONDS) 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. § 458.37 (2026).

Text

The full faith and credit of the issuing city must at all times be pledged to pay bonds issued under sections458.36to458.40, and to pay the current interest on them. The city's council shall each year include in its tax levy a sufficient amount to pay the interest as it accrues.
A tax levy need not be made if the quarry and dock fund described in section458.39contains enough money to make the payment.

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The full faith and credit of the issuing city must at all times be pledged to pay bonds issued under sections458.36to458.40, and to pay the current interest on them. The city's council shall each year include in its tax levy a sufficient amount to pay the interest as it accrues.
A tax levy need not be made if the quarry and dock fund described in section458.39contains enough money to make the payment.