Subdivision 1. If year's levy not enough. A county board may issue funding or refunding bonds to pay off the outstanding bonds, warrants, and judgments of a dissolved town if they amount to more than one year's maximum levy under this section. The bonds must be issued as provided by law for the issuing of county funding or refunding bonds.
Subd. 2. No election. The bonds may be issued without first submitting the question of the issue to the electors residing in the town's territory or in the county.
Subd. 3. Obligation of town territory only. The bonds are not an obligation of the county but are an obligation of the territory that used to be in the town. The bonds are payable out of levies made against the property in that territory under section 365.47. The restrictions in this subdivision must be printed on the face of the bonds.
Subd. 4. Chapter 475 applies. The bonds must be issued according to sections 475.51, 475.53, 475.54, 475.58, 475.62, 475.63, and 475.72 unless this section has a different procedure. The tax levy required by section 475.61 must be made against the property of the territory obligated on the bonds.
(1002-12) 1931 c 96 s 4; 1935 c 189; 1987 c 229 art 8 s 1; 1996 c 399 art 2 s 12
Structure Minnesota Statutes
Chapter 365 — Town General Law
Section 365.01 — 1906 Boundaries Remain Unless Changed By County.
Section 365.02 — Town Corporation May Sue, Own Property, Make Contracts.
Section 365.025 — Contracts; Time Payments; Petition On Big Buys.
Section 365.04 — Property To Or For Use Of Town Is Town Property.
Section 365.05 — Deed Of Town Land; Formalities; Interest Given.
Section 365.07 — To Pay Officers And Expenses; To Raise Money.
Section 365.08 — Town Damage To Private Road Is A Charge If Voted.
Section 365.09 — Charges Paid By Taxes Levied Under Chapter 275.
Section 365.10 — Annual Town Meeting; Powers Of Electors.
Section 365.11 — Notice Of Bylaw Required; Binds All In Town.
Section 365.125 — Ordinance Formalities; Publish, Post, Record.
Section 365.13 — Poundmaster Needed If Electors Want Pound.
Section 365.14 — Board To Tax For, Contract For, Manage Town Hall.
Section 365.15 — Police, Fire Protection.
Section 365.16 — Police And Fire Apparatus.
Section 365.17 — Joint Fire Equipment With Adjacent Towns.
Section 365.18 — Board Levy For Police And Fire Apparatus.
Section 365.181 — Contracted Fire Service; Cost Data; Assessments.
Section 365.19 — Relation Of Levies To Forestry Act, Levy.
Section 365.20 — Police, Fire, Water In Certain Platted Towns.
Section 365.21 — Special Election For Police, Fire, Water.
Section 365.22 — Conduct Of Election; Ballots, Voting, Hours.
Section 365.23 — Meeting For Section 365.20 Spending, Pacts, Tax.
Section 365.24 — Election May Revoke Earlier Grant Of Power.
Section 365.243 — County Fire Service To Unorganized Territory.
Section 365.26 — Cemetery Land; Board Control; Sale Or Lease; City Aid.
Section 365.27 — Sale And Reversion Of Lots; Use Of Funds.
Section 365.28 — Public Burial Ground Becomes Town Property After Ten Years.
Section 365.29 — Part Of Lot Price To Cemetery Fund; Use Of Funds.
Section 365.30 — Board Sets Lot Care Share; Use Of Funds.
Section 365.31 — Gift For Cemetery Or Lot; Use Of Funds For Care.
Section 365.32 — Deposit Of Cemetery Funds.
Section 365.33 — How County To Treat Town Cemetery Money.
Section 365.34 — If Depository Changed, Fund To Be Changed.
Section 365.35 — Fund Principal; Interest.
Section 365.36 — Investment Of Cemetery Fund.
Section 365.37 — Conflicts, Bids, Emergencies, Penalty, Removal.
Section 365.38 — Notify Clerk Before Suit; Wait 30 Days On Order.
Section 365.39 — Lawsuit With Town As Party Is Like Any Lawsuit.
Section 365.40 — Town Name In Suit; Exception; Service; Defense.
Section 365.41 — Judgment Against Town; Payment; Execution.
Section 365.42 — Amount Of Unpaid Judgment Added To Tax Levy.
Section 365.43 — No Debt, Spending Beyond Tax Limit Without Vote.
Section 365.431 — Amount Voted At Meeting Is Tax Limit.
Section 365.44 — Petition For Separation; Ballot At Town Meeting.
Section 365.45 — Petition For Dissolution; By County Board.
Section 365.46 — Notice To Secretary Of State, Others; Recording.
Section 365.47 — County's Disposal Of Town's Funds; Debt Levy.
Section 365.48 — County May Bond To Pay Debt Of Dissolved Town.
Section 365.49 — Property Of Dissolved Town Belongs To County.
Section 365.50 — First Town Meeting; Notice, Officers, Powers.
Section 365.51 — Annual Meeting; Notice, Business, Elections.
Section 365.52 — Special Meeting; For Any Lawful Purpose.
Section 365.53 — Clerk To Record Need To Meet; Give Notice.
Section 365.54 — Annual Meeting Time; Convener; Moderator; Pay.
Section 365.55 — Town Clerk Is Meeting Clerk; Minutes To Be Filed.
Section 365.56 — Order Of Business; Parliamentary Procedure.
Section 365.57 — Who May Vote; Challenges; Oath.
Section 365.58 — May Adjourn Meeting.
Section 365.59 — County To Appoint Officers If None Elected.