67.25 Redevelopment bonds. Any proceedings by a city prior to October 4, 1959 for the issuance of general obligation bonds as authorized by s. 66.1333 (13) in effect at the time of such proceedings, to provide financial assistance to blight elimination, slum clearance, redevelopment and urban renewal programs and projects being carried out under s. 66.1331, 66.1333 or 66.1337 may be continued under this chapter and, notwithstanding lack of power in the city to issue bonds under this chapter at the time of the adoption of an initial resolution or referendum of the electors approving such bonds, such proceedings are hereby validated, ratified, approved and confirmed, and any bonds authorized prior to or after October 4, 1959 as a result of the proceedings are and shall be binding, valid and enforceable obligations of the city, and the city may levy taxes without limitation for the payment thereof as provided in s. 67.035.
History: 1979 c. 89; 1999 a. 150 s. 672.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 67 - Municipal borrowing and municipal bonds.
67.01 - Definitions and interpretations.
67.015 - Housing authorities exempted.
67.025 - Certification of municipal obligations.
67.03 - Grant of power to borrow; general limitations of indebtedness.
67.035 - Tax limitations not applicable to debt levies.
67.04 - Purposes of issuing municipal bonds and notes.
67.045 - Debt issuance conditions.
67.05 - Bond issues; procedure.
67.06 - Form and contents of bonds.
67.07 - Maturity and place of payment.
67.08 - Execution and negotiation.
67.09 - Registration of municipal obligations.
67.10 - Fiscal and administrative regulations.
67.101 - Debt amortization in 1st class cities.
67.12 - Temporary borrowing and borrowing on promissory notes.
67.15 - Variable rate obligations.
67.16 - General obligation-local improvement bonds.
67.17 - Diversion of funds, liability of officers for.
67.22 - Issuance stayed by protest.
67.24 - Validation of obligations of incorporated municipality.